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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
May 24, 1977
Page
2
Sylvia Porter explains a 1977 tax break for taxpayers 65 plus on home sales. The adjusted sale price determines tax-free portions, rising to 35,000 and beyond. If selling at 70,000, half gain is tax-free. Eligibility requires turning 65 on or before sale and living in the home at least five of eight years, with a one-time benefit.
Tax breaks apply to part residence part business property including condos and co-ops. Older taxpayers can defer tax by reinvesting sales proceeds in a new home. If you replace your home, the tax can be completely avoided. rules require buying or building a new residence within specified time frames and using it as principal residence.
A Pennsylvania Senate bill would legalize wiretapping with court order and one party’s consent, reversing a 1957 ban and a 1975 broader prohibition. Sponsor Henry Hager says it strengthens police ability to obtain hard evidence against criminals, while Gov. Shapp and Democrats seek modifications. The measure is part of a broader package to upgrade law enforcement, including gun crime penalties and an elected attorney general, amid funding worries for the state Crime Commission.
A Pennsylvania court rejected the defense that a wife driving through a red light was under her husband’s control, stating that a wife is not a marionette. The ruling emphasizes that the rule cannot justify the defendants’ actions and underscores the legal principle of joint responsibility being not automatic.
Paul Harvey reports on man powered flight efforts from Japan and the United States. Nihon University advances with new wind driven wings and a 620 meter runway for testing. A Japanese pilot flew 446 meters for 57 seconds, then a wing failure during a circle. Gerry Ritz and Dr. Paul MacCready pursue practical designs amid fragile wings and cash prizes for breakthroughs.
Excerpts claim Henry Kissinger pushed computer exports to the Soviet Union and allies despite objections. Sources allege Soviet officials sought strategic machines, with debates over safeguards, legality, and potential military misuse. Control Data promises to limit use, while others doubt safeguards and warn of broader tech transfers and benefits. A related note mentions General Dynamics earning $12 million from a Vietnam War project.
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