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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Dec 10, 1976
Page
6
A historical critique of the 1976 Form 1040A argues it is no longer simple or short for low income filers. It details added calculations for deductions and credits, warns of higher error risk, and cautions against relying on unqualified “tax experts” during desimplification.
Cattle and calves total 4800 with steadying after Thursday. Holsteins and heifers vary by weight with values around 34 to 38 per hundred, slaughter cows up about 50, bulls 26 to 29, hogs steady with 39 to 40 at several weights, sows and boars weaker, sheep and lambs mixed with sales at 44 to 47 for certain slaughter grades and 43 for 118 lb lambs.
Wheat No 2 hard winter 2.6434n and No 2 soft red 2.64 4n trade low but steady. Corn No 2 yellow 2.53n hopper 2.43n box. Oats No 2 heavy 7.42n. Soybeans No 1 yellow 6.98n No 2 yellow 6.?n. Tax note follows about earned income credit and Form 1040 changes retroactive to 1976, warning returns will be complex and Form 1040A requires caution.
Chicago AP reports wholesale egg prices largely unchanged or up to three cents. Wisconsin market Thursday shows firm conditions with adequate to ample supplies and demand ranging from good to very good. Major potato markets listed by USDA include Washington russets at 4.50 to 4.75 per 100 pounds and Idaho russets at 5.50 to 5.75, with other regional prices for Colorado, Wisconsin, and Red River Valley varieties.
Wisconsin cheddar prices hold steady on Thursday with plentiful supply and mostly fair demand. Barrel cheese 85 to 87 per hundredweight, 40 pound blocks 92 to 94, singles 97 4 to 99 2, longs 97 4 to 100 4, midgets 98 2 to 100 2.
Chicago report shows wholesale butter prices unchanged with 93 score AA and 92 score A at 90.82, and 90 B unquoted. Prices held steady in Thursday trading as dairy buyers maintained markets amid steady demand.
A study by Indiana University professor Joseph Belth shows the ten largest mutual life insurers have many executives earning six-figure salaries. Prudential leads with 30 over 100000, including 375000 to chair Donald S MacNaughton. Metropolitan, Equitable, New York Life, John Hancock, and others follow with multiple executives over 100000 and several above 200000.
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