Subtle Shifts in Law from New Tax Bill
The new tax bill promises about 1.4 billion dollars in annual savings for individuals and businesses and revises rules on scholarships prizes cooperative housing and meals and lodging on employer premises. Scholarships and fellowships mostly tax exempt now with service payments only exempt under specific conditions. Prizes and awards except those for recognized achievements may be taxed. Nobel and Pulitzer exempt. Cooperative housing tenants can deduct property taxes and interest. meals and lodging provided at work may be untaxed unless paid cash. Tomorrow’s note will cover bad debts and installment buying in tax changes.
MENTIONED IN THIS ARTICLE
Washington
INS
Internal Revenue Service
Nationalists May Attack Mainland
Nationalist Chinese reports say a green light for an assault on Communist held China has been given. They claim top leaders believe they can sail alone and attack within the shortest time. Estimates say 265,000 Red troops mass along Formosa facing the mainland. Foreign observers credit the U S seventh fleet with preventing direct clash. Mao’s generals may fear American air and sea power. Chiang Kai-shek struggles to secure naval support.
MENTIONED IN THIS ARTICLE
Taipeh
Formosa
China
The
World News Agency
Connectiy
Hainan
U. S. 7Th Fleet
Mao Tse Tung
Formosaosa
Chiang Kai-shek
Also Mentioned on This Page
Jerry's Delicatessen
Hayward
the &™ Market
Foothill Blvd
Thurs
Fri
cHorizos
van Camp Pork & Beans
Armour's
Pha
Sox
Tide Ag
Admiral Maine Sardines
Bakers Instant
Lks
Tin
Hunt
Glorietta Tomato
California
Leslie
Southwood Farms
Jemima
Pangake MIX
FONDA
Spaghetti
Boy-Ar-Dee
Pillsbury Best Flour
Laura Scudder
Golden State Milk
Southern Maid
Margarine
Borden's Gream Cheese
Kold Kilt
Pillsbury
Ballard
NEC
Florida
APPLE
Pillsbury Va
Maxwell House
Altillo
Calo
Dromedary
Pimientos
Sauerkraut
Libby
Columbia
Gallen Sng
Jor
Uinby
Bibo
Liesy
FRUIT
Lipsy
Joney
Ais
San Lorenzo San’ Lorenzo Village
Hesperian and
Paseo Grande
Hayward Strip
Foothill and
Russell Way
San Leandro
Estudillo Center
MacArthur and
Estudillo
Oceanside
Gravenstein
U.S. No. Shafters
Ih Crisp
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!