Tax fight over stars ends in IRS compromise ruling
Washington insiders say the Internal Revenue Service issued a revised decision affecting Hollywood and television figures. The new stance allows incorporations to be taxed at corporate rates, stretching the debate over whether stars should face personal or corporate taxation. Prominent names cited include Jackie Gleason Perry Como Sid Caesar and Marilyn Monroe as part of complex "packages" involving teams of professionals. The change aims to shield incomes from fluctuating fortunes and potential libel liabilities while preserving program funding.
MENTIONED IN THIS ARTICLE
Washington U
T-men
Internal Revenue Service
Ihe Incorporated
Amall Husinesses
Jackie Gleason
Perry Como
Sid Caesar
Marilyn Monroe
Ito
Feast
Aciters
Eevee
Thy Lawvens
Revenue Service
Temea
Treasury
Nash Found Sane in Murder Case Sealed Death Sentence
In Los Angeles a Superior Court jury ruled Stephen Nash sane at the time of his killings of a 10 year old Santa Monica boy and a 26 year old Long Beach man. The verdict carries a death sentence in the gas chamber. Nash taunted spectators and shouted at a cameraman as officials prepared to remove him from the courtroom.
MENTIONED IN THIS ARTICLE
Los Angeles
CNS
Monarky
Stephen Nash
Long Beach
Nash
St. Turton Noble
Larry Tuce
Santa Monica
Jast
John W. Berg
Richard 8. Buckley
Buckley
Noble
Smallest Crops in 40 Years Forecast in 1997 Plantings
Washington reports the Agriculture Department survey indicating 1997 crop plantings may be the smallest in 40 years. Plantings could be about 3 percent smaller than this year with reduced production tied to price declines but near last year’s record. Weather and technology drive possible shifts in acreages across crops, with some sectors expected to shrink while others grow. Condolences poured in from the United Nations over the death of Philippine President Ramon Magsaysay.
MENTIONED IN THIS ARTICLE
Washington
Riculture Department
Plana
United Nations
N.Y
U.N. Diplomata
Felix
Serrana
Ramon Magsaysay
Corn crop production and acreage yield comparison note
Yearly corn output is forecast near 2.9 billion bushels, with 31 percent of planted acreage producing. The query asks if planted acreage and state yields will equal the 1951-55 average across regions, examining how indicated acreage and per state yields compare to historical norms.
Arthritis Conquered by New Treatment Claim
A brief ad claims arthritis relief through a system of treatment that purportedly normalizes joints and muscles, improves circulation and digestion, calms nerves, boosts energy and sleep, and restores health and desire to work. First exam and treatment priced at $4.00 by Dr. Duncan, D.C.
MENTIONED IN THIS ARTICLE
Duncan
D. C
Also Mentioned on This Page
The
Jui
Thane
Wolfschmidt
Wollschmidt Ltd
Dundalk, Md
Whitehead
R. L. Douglass
Paiva
Accustigon
Netlasel
Hemiach
Fata Teters
Carl
Icarl’s
Pacific Coast
Hwy
Nevada
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