More for heirs less for Uncle Sam
Inflation boosts middle income net worth and the 1981 federal estate tax changes aim to leave more to heirs and reduce tax for survivors. Key shifts include rising tax-free estates to 600000 by 1987, unlimited marital deduction in 1982, and higher gift tax exclusions. Also rules for jointly owned homes change how gains are taxed on inheritance and sale.
MENTIONED IN THIS ARTICLE
Sam
Congress
Herbert M. Paul
Touche Ross & Co
Touche Ross
Inflation supports unseen backers say observers
Analysts note inflation has a broad but quiet base of supporters. Debt users and property owners profit as dollar value erodes, while no formal inflation lobby exists. John Case argues for drastic deregulation to control inflation, yet cautions a free market isn’t paradise. Many still privately benefit from rising prices.
MENTIONED IN THIS ARTICLE
the Friends of Inflation
Washington
Congressional
House of
DeVoe
John Case
Cambridge, Mass
Federal Reserve Board
Case
Sale of mutual funds falls while August assets hit record
August saw a drop in sales of mutual funds excluding short-term funds to 686.4 million, while short-term funds pushed total assets to a record 207.2 billion. Redemptions rose to 719 million, exceeding sales by 32.6 million, with mixed activity across growth, balanced and corporate bond funds and a slight month to month asset decline excluding short-term funds.
MENTIONED IN THIS ARTICLE
Investment Company Institute
National Association of the Mutual Fund Industry
CCH DIVIDEND DECLARED FOR THIRD QUARTER
Directors of Commerce Clearing House Inc. have declared a third quarter cash dividend of 31 cents per share payable Oct. 28 1981 to shareholders of record as of Oct. 2 1981.
MENTIONED IN THIS ARTICLE
CCH
Commerce Clearing House Inc
Market mixed as stocks edge higher amid consolidation
The New York market showed mixed results in light trading with the Dow rising to 49.98 and the utilities index up while transportation slipped. Legg Mason Wood Walker will host a free 7:30 pm seminar on the Economic Recovery Tax Act of 1981 at the Sheraton Inn Frederick, guided by VP Philip A. Berkheimer.
MENTIONED IN THIS ARTICLE
New York
Michael Metz
Oppenheimer & Co
New York Stock Exchange
Legg Mason Wood Walker
Philip A. Berkheimer
Sheraton Inn-Frederick
Futher
Legg Mason Wood Walker Inc
Baltimore
Seaboard
Market drift as mergers drive select NYSE gains
The News notes no broad economic push but merger activity and corporate developments sparked notable price moves. Active NYSE gainers included American Telephone & Telegraph rising 57 percent, International Business Machines up 4 percent, and Warner Communications up 1 percent.
MENTIONED IN THIS ARTICLE
Hildegarde Zagorski
Bache Halsey
Stuart Shields Inc
NYSE
American Telephone & Telegraph
International Business Machines
Warner Communications
aTia
New Tax Law Buys for Foreign Deferred Compensation Plans
Coopers & Lybrand offers a 12 page brochure analyzing P L 94 803 and its effect on Branch Funded and Reserve plans and Foreign Corporation funded and reserve plans. The booklet urges multinational firms to study retroactive impact and potential future savings. Copies available by writing to Coopers & Lybrand Actuarial Benefits and Compensation Division in Philadelphia.
MENTIONED IN THIS ARTICLE
Coopers & Lybrand
U.S
P.L
Actuarial
Three Girard Plaza
Philadelphia
Tax Free CD Offer With 1 Year Term
A $500 minimum qualifies for a 1-year Tax Free CD with a rate fixed for the year. The offer provides a tax saving opportunity with semi monthly rate changes, expires December 34, 1982. Penalties apply for early redemption and taxes apply to remaining interest. interest may be taxed if used as loan collateral.
Also Mentioned on This Page
Uncle Sam
By Louise Cook
Associated Press
Chet Carrier
Suburbia
Frederick Solar
Woodsboro
Dow Jones
CSX Corp
Cocacl
Comsat
Exxon
Fairchild Ind
GenStar
Gulf Oil
IBM
Kmart
Litton
Marriott Corp
NatlCp
Mercantile Bnkshild « Mobil
Noaphil
Penney
Sears
Standex
Wyle
Tandy
Texaco Usfg
Warner L
Whittak
Woolworth
Baker Watts & Co
Frederick
Legg Mason
the News
Frederick, Md
C.D
Fredericktown Bank & Trust Company
Ads
N. Market Street
Patrick Street
Amber Meadows
Glade Towne
Walkersville
Prospect Plaza
Vemiber Foic
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!