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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Apr 04, 1975
Page
3
The Internal Revenue Service sends new tax withholding schedules to employers effective May 1 as the second stage of a tax cut. Rebates for 1974 returns begin mailing May 9 and are expected to finish by June. A $15 000 earner with a four person family and standard deduction would see about $33.40 withheld weekly, down from $38.13.
The FBI shows a new composite of Patricia Hearst with short bleached hair amid a March 15 raid in Alexandria tied to the Search for the newspaper heiress. The bureau cites anonymous tips and says officers faced a violent environment as they forced entry to pursue leads. The apartment owned by Elizabeth Norton and Bernadine Davis was involved. Davis resembles Hearst, according to officials. An IRS notice warns wage earners to check exemptions as new forms arrive around April 14.
Texas lawyer Jake Jacobsen testifies that John B Connally asked for and took two payments of 5090 from Associated Milk Producers Inc and alleges two more 10000 payments were made to cover up the bribery. He describes cash envelopes safe deposits and office payments near the Treasury.
The document presents new federal withholding tax rates effective April 30. It details annual pay, new weekly withholding, and weekly take home increase for Single Persons and Married Couples at various income levels, noting assumptions about allowances and itemized deductions.
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