Waiting for Bill and a Wedding Dilemma
Dear Abby column discusses a 20 year old dating while her fiancé Bill is in service. She questions if she should date George, who is a friend, while Bill is away and the impact on her relationship. Abby cautions that true love would not require waiting and suggests ending the dating with George to avoid hurting him.
MENTIONED IN THIS ARTICLE
Abby
Bill
Ollinge
George
Hammond
Indiana
Rooma
Los Angeles
Calif
Tax Saving Rules on Dividends
Special tax rules apply to most dividends on 1964 federal returns per John H. Bingler. The 1964 act increases the dividend exclusion to 100 and halves the dividend tax credit to 2 percent, with eligibility limited to dividends from fully taxable U.S. corporations. Deposits in savings and loans and credit unions are interest, not dividends. On separate returns the first 100 may be excluded. on joint returns each spouse may exclude up to 100, but unused portions cannot be doubled. The 2 percent credit applies after the exclusion and is limited to the smaller of taxable income, total tax, or 2 percent of taxable dividends, and requires Form 1040.
MENTIONED IN THIS ARTICLE
John H. Bingler
Internal Revenue
Western Pennsylvania
U. S
Building and
Main Line Train Bill Faces Senate Debates
Washington AP coverage notes that a proposed main line train safety bill, backed by the administration, would require flagmen on main line trains and elevate the Housing and Urban Development department. Critics say the bill pads railroad jobs, while advocates urge safer operations and city needs amid urban growth and housing concerns.
MENTIONED IN THIS ARTICLE
Humphrey
Hurd
Phrey
Imnat Awell
National League of Cities
Aeha
Senate
Department of Housing and Urban Development
Federal Housing and Home Finance Agency
Harrisburg
Ington
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