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Southern Illinoisan in Carbondale, Illinois

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Newspaper

Southern Illinoisan

Location

Carbondale, Illinois, United States of America

Date

Jan 07, 1982

Page

16

Reagan advisers urge consumption tax boosts to cut deficits

White House aides push for selective tax increases on alcohol tobacco and gasoline as part of a plan to shrink the next several years deficits below 100 billion dollars. Reagan and Regan signal possible 1983 and 1984 tax hikes while maintaining the income tax cuts.

New York Times Washington Reagan Treasury Donald T. Regan David A. Stockman Office of Management and Budget Murray L. Weidenbaum Council of Economic Advisers Stockman Weidenbaum James A. Baker 3d White House Regan Nbc-Tv Henry Kaufman Wall Street Congress

Alimony tax rules explained in divorce settlements

IRS guidance covers when alimony is deductible for the payer and taxable for the recipient, with rules on periodic payments, lump sums, and conditions that affect tax treatment. Child support remains non deductible and not income to the recipient, while custody affects who can claim dependents.

Internal Revenue Service IRS Newspaper Enterprise Assn

Average car aging prompts optimism for 1982 auto market

Robert Schwartz of American Motors argues many owners will replace aging cars in 1982 as demand shifts to newer, more fuel efficient models. 1981 auto sales fell 5.3 percent to the lowest rate since 1961, with high rates and prices hurting demand.

Associated Press Robert Schwartz American Motors Corp Treasury Bank

Also Mentioned on This Page

Sheilah Kast W. Main DuQuoin Vogler Illinois E. Main Fairmont Wimbledon Explorer Carbondale
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