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Newspaper
Las Vegas Sun
Location
Las Vegas, Nevada, United States of America
Date
Dec 24, 1976
Page
14
The April filing deadline approaches and the Tax Reform Act of 1976 reshapes deductions and credits. Changes affect foreign income, tax shelters, historic structure incentives, welfare hires credits, and estate taxes, with mixed views on overall equity.
A provocative op ed criticizes Peking for above ground nuclear blasts since 1969, arguing they wage undeclared war on humanity. It denounces Western complacency, calls for action by Jimmy Carter, and questions ethical responsibility amid detente tensions.
Washington rookies press a probe into Nixon taxes citing $476,431 in deductions for gifts of papers to the National Archives and other costs. The Joint Committee report found deductions improper and urged increases in 1969 to 1972 taxes, with no evidence of gift acceptance by archives.
Art Buchwald jokes about giving readers gifts in 1976 and ends with a plan to send every reader the amount of money South Korea gave U.S. congressmen, in exchange for kind thoughts toward South Korea and cooperation in the coming year.
The almanac notes today as December 24 1976 a Christmas Eve with Kit Carson born 1809 and Howard Hughes born 1905. It lists historical events including the 1814 US Britain treaty ending the War of 1812 and the 1942 assassination of Adm Darlan. It mentions Rudolph the Red Nosed Reindeer song in 1949 and a Moore poem line.
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