European Stars And Stripes Newspaper Archives Feb 25 1962, Page 24

Low-resolution version. To view a high quality image

Start Free Trial
European Stars And Stripes (Newspaper) - February 25, 1962, Darmstadt, Hesse24 the stars and stapes withholding system for interest tax Washington up by straight party line vote of 15-10, the House ways and Means com i hitter has approved president Kennedy s proposal to establish tax withholding system for income from interest and dividends the action confirmed an earlier tentative decision to include the withholding plan in an administration backed tax revision Bill now being drafted by the committee. The withholding plan is aimed at recovering an estimated $600 Mil lion a year the Treasury estimates it is losing because of failure of Many taxpayers to report dividends and interest on their withholding rate would be set at 20 per cent. That is 20 cents out of every Dollar in interest darned of savings accounts or savings Bonds and 20 cents of every Dollar in dividends would be with held at the source. Withholding taxes have applied to. Workers pay checks for two decades. The proposed Extension to in Terest and dividend payments would not affect anyone is. A liability. If More taxes were with held than the taxpayer owed he would apply for a refund in filing his income tax return. " the plan would enable Chat san under 18 to win exemption from withholding taxes in their savings accounts by i Flung statements with their saving institutions Sor couldtuayejx65 Aad older who expect to have no tax liability at the Endi of the Yea. T it effective Date in next Jan. 1. F t a storms pile Snow in Northeast by United Frew International unrelenting Winter hit the Northeast with traffic crippling snows saturday. Show mounted Toa foot deep in Western new York and Ohio and Southeast Michigan were battered by their worst storm of the wind driven Snow blocked roads and pulled Down Power Detroit department of Public works used up the last of its$700,000 appropriation for Snow removal As the storm swept the City Western new York had snows unto a foot deep and four inches More was expected in some Snow warnings of four to eight inches were up in most of new Hampshire and Maine. Weathermen posted storm warn Ings for parts of Vermont Massachusetts and new parts of the country were afflicted with sub Zero cold floods raking winds and More Snow Tennessee mops up the temperature went to 19 be Low Zero at Cut Bank and Havre Mont and was below Zero in the midlands As far South As Western mopped up from wind driven Rains which brought traffic practically to a standstill in Nash Ville Tore Down Power lines in the City and blocked highways with mud slides. Water surged up tothe floorboards of cars parked in Low lying parts of the the West coast roads were ice covered and driving hazardous in the woke of a storm which plastered higher elevations near Portland. Ore with a Hall fool of Snow. Cascades Mountain passe were clogged by Snow and n High Way South of Sais Mun said tie commander was attempting to Correct a minor electronic difficulty when the Hatch was Jetti soned accidentally. The huge plane had left West Over Friday morning on a train ing Mission to Greenland it was assigned to the 99th bombardment Wing. The controls of the plane were taken Over by it William e. Gil Christ Copilot of Bucana Vista. Iowa and landed safely at Thule. Others aboard the Craft were maj Franklin c. Trumpeter radar operator Beaver. A. It Leonard j. Ratzman navigator Euclid Ohio it Wliilam e. Whitney electronics officer Gleason Dale mass. S sgt Donald Duncan gunner Union mo., and it col Charles Scho Field staff navigator san Diego Calif. The attorney general left Berlin saturday morning after saying his three Day visit with the people of West Berlin makes him feel More than Ever that our Way of life is the Way of the future and that communism Ahful totalitarianism will never Kennedy commented on a re Porter s statement that there was criticism in the United states of a trip into East Berlin Friday by his Summit. F continued from Page i stage of the disarmament negotiation. The new note will keep that possibility open officials Here said. Beyond this however there was speculation arising from the Brit ish Side of the consultations was interested in the possibility of a Brief informal meeting of himself Kennedy and Khrushchev in Advance of the Dis armament negotiations. Private View . Officials privately asserted that or Kennedy has no intention whatsoever of agreeing to a sum Mit meeting to begin the Dis armament negotiations. Otherwise no one Here seemed to be in a position at the moment to Den speculation about a Summit meet ing under some other Circum stances. The earlier Palm Beach report included the belief that or. Ken Nedy again had urged Khrushchev to agree promptly to a meeting of ., British and russian foreign ministers a few Days in Advance of the Geneva meeting probably March 10. The conference opens March 14. Brother Edward Kenned Felt the trip was most while it was discussed and mended by the department state he said he has Bee Poland and i think it is very Tut to obtain As. Much informs a possible about conditions on other Side. He will go Bac report to the people of the attorney general Dodge question on whether Gen l Clay ret has had to Battleman state department channels his duties As president Kenn personal representative in the video City. He said he is admirer of Clay who was re Spoor sible for Rny trip think it is a source of cuff Ujj fort to americans everywhere a know that general Clay is Here he said. I know that this also fleets the View of the president the United thanked berliners for to warm hospitality just before air Force Constellation left Zelhof Airport at 10 02 . Russ apprehend in West Berlin berlins san armed let Soldier was apprehended in. Intoxicated condition by Westlyn police in Rudow at about 2 saturday. The Soldier was turned Over to the . Provost marshal at 5 o40� who held him until arrangement could be made to return him soviet was picked up by soviet o cers at Andrews Barracks at 12satuday

Search all Darmstadt, Hesse newspaper archives

All newspaper archives for February 25, 1962

Browse