Tax Reduction Act Adds Elderly Benefit Provisions
The 1977 Tax Reduction and Simplification Act introduces new tax benefits for seniors. An extra dependent deduction of 730 dollars for individuals 65 plus, totaling 3000 for a married couple both over 65. Two 15 credits per person age 65 or over, cutting tax bills dollar for dollar. A practical example notes seniors with pensions and Social Security could have zero taxable income on joint returns due to the zero bracket amount and added deductions.
MENTIONED IN THIS ARTICLE
Prentice-Hall
Ward
Tax Breaks for Elderly and Care Credits under New Law
The new tax law offers substantial relief for the elderly and married couples. Examples show up to 12 200 in tax free income from Social Security credits, with credits offsetting other income. A Mary Jones scenario highlights 3700 exempt from tax and two 35 credits exceeding a 300 tax. The child care credit remains but with rules limiting credits when hiring close relatives. Overall, the revision is described as worthwhile and overdue, with tomorrow’s note about a 65 or older tax break on home sales.
MENTIONED IN THIS ARTICLE
Mary Jones
Mary
Beat the Clock Beat the Rap clash over six hour arraignment rule
Opinion piece argues six hour rule jeopardizes police work and public safety. Police and judiciary blamed for leniency as critics say courts gut justice by delaying arraignments. Calls to empower cops and “handcuff” criminals, condemning judges who turn justice into a game.
MENTIONED IN THIS ARTICLE
America
Budget Woes Heat Up As House Weighs 1977-78 Funds
Harrisburg AP reports the state budget showdown in the House as Gov. Shapp's proposed sales tax boost and Senate cuts collide. With July 1 looming, lawmakers face no-win choices between higher taxes or reduced state services, risking payless paydays for workers and borrowing by colleges amid a growing school funding shortfall. The scene grows hotter as pressure mounts for higher subsidies and potential income tax increases.
MENTIONED IN THIS ARTICLE
Harrisburg
House
Shapp
Senate
Sudden Money and the Lincoln Book That Changed a Life
Jim Bishop speaks of the volatile rise from broke magazine editor to author of The Day Lincoln Was Shot. He details Elinor’s tension, mortgage debt, and a $70,000 advance that transformed their finances, purchases, and outlook, including mink coats, Sea Bright real estate, and a Bank president’s wary praise.
MENTIONED IN THIS ARTICLE
Davey Archer
San Francisco
Garrison Avenue
Teaneck
N.J
Elinor
Lincoln
Barney Finn
Ralph Gorman
Sign Magazine
John Wilkes Booth
Evan Thomas
Harper & Row
34Th Street
Sea Bright
Jim
Ellnor
King Features Syndicate
The
CIA Boss Turner Reforms Agency Amid Global Scrutiny
Washington scene on Admiral Stansfield Turner revamping the CIA to curb covert operations while safeguarding intelligence gathering. The piece cites internal limits, risks, and a history of underworld ties, plus a note on a separate missing witness and a Marcos-era bribery record as context for ongoing controversy.
MENTIONED IN THIS ARTICLE
Washington
Central Intelligence Agency
CIA
Carter
Stansfield Turner
Also Mentioned on This Page
Sylvia Porter
Adrian
Supreme Court
Tom Garvey
Order of the Police
Jim Bishop
White House
Turner
By Jack Anderson
Pines
Imp
Admiral Turner
Jody
Powell
Milares
Philippines
Ferdinand Marcos
U.S
Trinidad Alcancel
Marcos
Sked
United States
Manila
State Department
Mijares
Honolulu
Dai
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