Tax loopholes may be closing under reform proposals
Treasury proposals under Nixon would tax high earners more, closing gaps that let wealthy individuals legally pay little. Case studies show Mrs X with 11 million income paying zero tax via unlimited charitable deductions, while Bill J and George T reduce taxable income to zero through real estate and paper losses. Frank R would pay more taxes under reform. overall, reforms aim to require at least some tax from the rich, though many deductions would still exist.
MENTIONED IN THIS ARTICLE
Bill J
George T
Sam
Frank R
U.S. Treasury
Nixon
Treasury
H.X
Uncle Sam
Mrs. X
Lyndon B. Johnson
Tea machines spark protest in British offices
United Press International reports in London that a British civil servant condemns tea-making machines in government offices noting workers feel strongly about their cup of tea and that the personal touch cannot be matched. A Las Vegas officer testifies in court describing cyclists disarmament as looking like raining knives, while Senator Bennett proposes a sanitized flag on the moon and French Acting President Poher declares he will not withdraw from the race against Pompidou and will fight to the end.
MENTIONED IN THIS ARTICLE
London
Las Vegas
Washington
Wallace F. Bennett
Paris
Alain Poher
Georges Pompidou
Indiana University to honor Branigin Hovde Julian Bate
Former Indiana governor Roger Branigin Purdue president Frederick Hovde chemist Percy Julian and biographer Walter Bate will receive honorary degrees on June 10. Commencement at 10 a.m. in the Stadium features Branigin, a Franklin native with degrees from Franklin College Harvard. Hovde has Minnesota and Oxford degrees. Julian holds Harvard Vienna and DePauw origins and leads a Chicago area institute. Bate, Harvard trained, is Abbott Lawrence Lowell Professor emeritus.
MENTIONED IN THIS ARTICLE
Roger D. Branigin
Purdue
Frederick L. Hovde
Percy L. Julian
Walter J. Bate
Indiana University
Franklin
Branigin
Franklin College
Harvard University
Louisville
Dr. Hovde
University of Minnesota
Oxford University
DePauw University
Julian
Harvard
University of Vienna
Chemical Research Institute
Illinois
Baie
Abbott Lawrence Lowell
Richmond
Cherrapunji Records World Rainfall in 1861
The Indian hill station Cherrapunji recorded the highest annual rainfall, totaling 1,042 inches in 1861, setting a historic weather record.
MENTIONED IN THIS ARTICLE
United Press International
Cherrapunji
India
Also Mentioned on This Page
UPI
Pope Bros
W. Linton Free
Linton Daily Citizen
Hastings
General Electric
Gage
Ivy
Model
W.T
South Main St
Linton
Dial
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