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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Jan 08, 1963
Page
3
The seventh column explains when money or property received in the year counts as taxable income. It discusses life insurance proceeds, death benefits, gifts, and how exclusions apply to sums paid to a widow and her children, plus when certain amounts may be taxable under complex rules.
The article reviews how joint annuities, moving expenses, property transfers, and alimony are taxed. It notes that moving expenses paid by a new employer count as income, while payments by the old employer may not. It discusses stock transfers in property settlements, alimony tax treatment, and that child support is not taxable to the wife nor deductible by the husband, though it may qualify for a dependency exemption.
In Lima police detained hundreds amid a government claim of a wide conspiracy to pull Peru toward the Soviet bloc. Gen Blondet ordered arrests while up to 800 suspects, including workers students and leaders from several parties, were held for questioning ahead of June elections. The junta said plotters aimed to assassinate armed forces chiefs and leading businessmen.
A roommate jests about birthday claims, noting August 16 and a joke age of 50. The exchange questions memory and presents, with lively teasing over the party date and age.
A note from a reader reveals they missed celebrating their natal date last August and instead chose today as a substitute day to honor the events.
Washington AP report says Railway Labor Executives Association opposes the proposed Great Northern Northern Pacific Burlington merger as a monopolistic combine. They seek ICC blocking, echoing Justice Department stance while the railroads argue the merger would aid companies employees stability and national defense transport.
HOLLYWOOD AP May Boley 81 former Broadway and motion picture actress and singer died Monday in Hollywood Presbyterian Hospital after a lengthy illness. She last appeared on New York stage in the Cole Porter Moss Hart show Jubilee.
Postmaster George M Hetherington returns from a two day Minneapolis meeting on public relations. About 30 attendees from a four state Post Office region aimed to improve the public image of postal operations.
California Governor Edmund G. Brown Jr outlines a 42 point agenda with bold leadership, promising no new taxes, elimination of income taxes for many families, and a balanced budget likely above 3 billion. He urges tax reform via a commission, reviews of the tax structure, and major school financing revision while proposing health clinic aid and a moratorium on the death penalty for review.
Arthur Walter Archie Behrens 64, longtime publisher of Floodwood Forum with wife Dorothee since 1949 and former Illinois Daily Gazette publisher, died suddenly at his home. He served as Minnesota 8th District Republican chairman in the early 1950s and was a member of the Minnesota Newspaper Association half-century club. Survivors include Dorothee and six children.
An ad urges readers to request a free 24 page booklet from Beltone Research Laboratory in Chicago promising ways to hear clearly without wearing a visible hearing aid. The plain wrapper mailing request asks for Department 2508 and highlights benefits for family, social, and business life.
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