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Newspaper
Columbus Telegram
Location
Columbus, Nebraska, United States of America
Date
Jan 14, 1971
Page
3
Ray De Crane explains tax rules for outside salesmen and other workers. Outside salesmen may deduct broad business expenses including vehicle, travel, meals, lodging, tips, gifts, and entertainment up to limits. Other employees face narrower deductions tied to travel and lodging. two vehicle expense methods exist, plus parking and tolls.
Washington plans public hearings on a $2.6 billion business tax break as President Nixon announces depreciation rule changes. Treasury Undersecretary Walker says regulations are complex and will cover hundreds of pages while the policy itself remains unchanged. The new policy cuts the writeoff period by about 20 percent, potentially saving business $2.6 billion this year and up to $4 billion in 1976. An associate of Ralph Nader sued, claiming the move violated the law by skipping hearings, but Walker cites existing authority to proceed without public consultation.
Hebert G. Baker once a Senate page and Lyndon Johnson ally, surrenders to U S marshals to start a one to three year term at Allenwood prison farm in Lewisburg. The 43 year old from Ocean City Maryland faces 1967 convictions on seven counts and could have faced 47 years. He says he will serve with dignity.
Efren Mendez Buenas Jr, who escaped prison in 1968, was recognized by two police officers when his car stopped at a red light in front of police headquarters in Mexico City. He was unarmed and seized without a struggle after the patrol car paused beside him.
Hartford, Conn. The state seeks repayment of 25 000 from Pasquel Martinez who won 100 000 in the New York lottery. Federal taxes trimmed 46 000, welfare payments were deemed a loan, and a bank fund was arranged to hold the winnings while taxes and repayment are settled. Martinez, a Puerto Rico native, moved to Hartford five years ago, worked in tobacco fields, and cared for four children after his wife died.
Lincoln lawmakers introduced 81 new bills including a proposal to lower the voting age from 20 to 18 for the 1972 election. Others would allow felony appeals to the State Supreme Court and automatic stays of execution, limit imprisonments for debt, ban selling mineral rights, and adjust school terms.
Space Center Houston reports Col. Edwin E. Buzz Aldrin plans to resign from the astronauts corps to become a brigadier general in the Air Force. Aldrin would leave the crews he joined in October 1963 to command the Edwards Air Force Base Flight Research Center in California.
United Press International reports Nevada Governor Mike O'Callaghan was rescued from a snowbound Carson City as a major storm blankets the region. The system, described as the worst in 19 years, shuts roads, freezes air travel, and leaves many counties isolated from California to Nevada.
The Tax Foundation reports state tax increases are at a 1966 low and no major new levies were voted last year. Federal income taxes ease as the 1969 reform Act persists with higher standard deductions and personal exemptions. For a family of four filing jointly the tax on this year’s income lowers by 92 dollars, though savings apply to 1971 earnings only when tax is paid in 1972.
In San Francisco UPI reports County Clerk Martin Mongar Blanced read a spoof obituary in the federation publication. He checked his pulse and joked the obituary seemed to be functioning. The editor explained a misreference tied to a mistaken obituary for the clerk of the municipal court.
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