Changes in 1977 tax tables simplify filing nationwide
The IRS replaces separate standard deduction, tax credit and exemptions with unified tax tables. About 96 percent can compute taxes via the tables, with flat single and joint thresholds up to 20 000 and 40 000 respectively. The overhaul eases the marriage penalty and boosts deductions for many, while reducing itemizing.
MENTIONED IN THIS ARTICLE
Michael Doan
Associated Press
Washington
Internal Revenue Service
Senate Finance Committee
Finance Committee
IRS
Old Car Hobby Makes Profits
WILLOUGHBY OH AP It wasn't long ago that used car dealer Bob Butcher turned a profit of 8700 on a 1940 Ford convertible bought for 9800 and sold after nearly a year He runs Antique Auto Inc since 1975 focusing on classics and special interest cars as future classics He notes demand for certain models such as 15 year old Ford Thunderbirds up to 10000 and 1955 57 Thunderbirds up to 20000 while a 1965 Ford Mustang has sold for 4100 He keeps eight cars in his collection including a T Ford and a Rolls Royce noting classics and special interest cars often bring higher value than antiques in the market
MENTIONED IN THIS ARTICLE
Willoughby
Ohio
Bob Butcher
Butcher
Antique Auto, Inc
Special
Auto Club of America
Ford
Rolls Royce
How Credit Card Interest Really Works and How to Pay
Consumers juggling holiday purchases on credit cards will soon face bills that may exceed expectations. The article explains two main credit types open end and closed end, three interest calculation methods adjusted balance average daily balance and previous balance and how timing of purchases affects charges. It cautions against “free” cards unless the bill is paid in full each month and notes that bank statements often emphasize minimum due.
MENTIONED IN THIS ARTICLE
American Express
Diners Club
United States
Citibank
Consumers Union
Also Mentioned on This Page
Louis Daguerre
France
National Geographic
Old Car Hobby
By Louise Cook
Cool Tempawning & Siding CO
Lawton, Okla
Gore
Queen Headphoora
Lane
Ayers
Kenline
Cache Road Square
Berkline
Banat Tee
Lawton, Oklahoma
Bylance
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