Crackdown Aims at Collapsible Corporations in Tax Bill
The House Ways and Means Committee voted to close the collapsible corporation loophole used by some film producers and stars to pay capital gains rates on income that should be taxed as ordinary income. The panel also backed taxing book and art royalties at ordinary rates, with a three year spread for authors to even income.
MENTIONED IN THIS ARTICLE
Washington
House Ways and Means Committee
Collapsible Corporation
Congress
Human
Lim
Treasury
Laos gains independent status under French Union
Laos now stands as an independent state within the French union with a status similar to a British dominion. It lies along the Mekong with a population near two million, stretching over 700 miles in length and about 155 miles wide. Mercury remains the only metal liquid at ordinary temperatures.
MENTIONED IN THIS ARTICLE
Kingdom of
Laos
Siam
Cholon
Mekong
Northern Iowa Town Mock Communists Rule For Five Hours
Hartley Iowa residents endured a five hour mock Communist rule as a Flag Day observance to show it can happen locally. Ration cards and book burnings were staged though not required, with officials and town leaders placed in a stockade by guerilla troops in Soviet armbands.
MENTIONED IN THIS ARTICLE
Hartley
Iowa
Mosinee
Wis
Crow Proves Hazard in NSW Golf Round
A New South Wales golfer faced a crow swooping on his ball and carrying it away. He retrieved another ball, which struck the crow and brought it down, but the crow then flew off with the ball that hit it.
MENTIONED IN THIS ARTICLE
Crow
New South Wales
Australia
Sydney
Fire in Virginia City Nearly Destroys Ghost Town
A rainstorm saved the old mining town of Virginia City Nevada from a major blaze that tore through three wood buildings including Wells Fargo Express Co post office and the George T. Marve building. The fire started from chimney sparks amid a high wind and scarce water mains.
MENTIONED IN THIS ARTICLE
Virginia City
Nev
Wells Fargo Express Co
George T. Marve
Also Mentioned on This Page
Nyleen
Salem Markos
Pearl St
le Crosse
Nitasave
SEARS
Homart Rock
Carton
Homart
Fifth Avenue
DIAL
Old City of the West
Comstock Lode
Kerrybrooke
Jersey
Gay Marine Life
Guanand
Monty
Fifth Avenue South
Coronado
Gamble's
Pearl
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