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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Nov 18, 1968
Page
28
Six weeks remain to adjust stock transactions to minimize taxes on profits in 1968. List all sales by short and long term, check 1967 Schedule D for prior losses, and carry overs. Compute net gains or losses in each category, using losses to offset gains where possible.
A Brookings Institution report urges broad reforms of the Social Security system, including income tax refunds of Social Security taxes paid by the poor. It backs automatic COLA increases for the elderly and widow’s benefits rising to 100 percent, aiming for two coordinated systems: universal benefits and a negative income tax for those below the poverty line. The study, authored by Joseph A., envisions a revised program based on past earnings and a minimum subsistence standard.
Readers vent about broker mail floods and stalled paperwork with over 40 percent of letters criticizing brokers. The column rewrites a fund comparison showing Energy Fund and United Science Fund performance, fees, and long term trends, plus Social Security modernization points from Brookings observers.
The Federal Trade Commission released a two year in the making report criticizing automobile warranties and announced public hearings to be held in January. The document outlines concerns over warranty practices and consumer impact.
Los Angeles officials hold a joint hearing on a Watts redevelopment plan that could unlock an 18.8 million HUD grant. The project envisions buyouts, relocation of about 1800 residents, and a new neighborhood with homes shops and a civic center within a 95 to 130 million investment.
A Teamster Union study based on Census data says most families are grossly under income with 7.3 million white families and 1.9 million nonwhite families earning under 4000 dollars last year. It notes the need for two or more wage earners for better pay.
Downey Youth Employment Office at 8348 E 2nd Street lists job openings for youths. Training and registration run 8 a.m. to 5 p.m. Monday through Friday. Positions include box boys, Christmas tree lot attendants, cook helpers, sales clerks, house workers and babysitters.
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