How ’76 tax reform changes non-real estate areas
A summary of major new laws affecting non real estate tax provisions outlines retirement income credits rising for seniors, child care deductions up to 400 for single parents and 800 for two earners, alimony deductibility from adjusted gross income starting 1977, and new tax treatment for stock options granted after May 20, 1976.
Tax code revisions raise minimum tax and tighten penalties
The minimum tax rises from 10 to 15 percent for shelters such as oil and gas drilling and ranching losses with the exemption cut to the greater of 10000 or half the regular tax. Revisions include liberalized IRA contributions rules, fewer deductions abroad, penalties for tax preparers a $100 fine per negligent understatement, and other changes to consult a tax adviser.
MENTIONED IN THIS ARTICLE
Lubitz
Young and old electors meet to cast NC Carter vote
North Carolina's 13 presidential electors convened to vote for Jimmy Carter. Among them were Marcie Jones, 18, a student at North Carolina State, and W. C. Byers, 85, from Waynesville, reflecting wide age range in the slate.
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North Carolina
Jimmy Carter
Marcie Jones
North Carolina State
Carter
W.C. Byers
Waynesville
UPI
Boy in near miss as bus runs past on Telegraph Road
Mrs Biersbach recalls a pup and Billy’s fall under a bus that then left the scene. Tony watched from the curb as the bus passed. the driver says he only learned of the incident later. Police will question the driver about the event.
MENTIONED IN THIS ARTICLE
Billy
Tony
David
Telegraph Road
Dute
Inci
Duté
Highway Patrol
Police fire levy and notes push city revenue plans
West River Parkway work notes show a police and fire levy and fund shifts. Mayor Bowman voices disappointment at limited revenue-raising ideas and urges investor confidence while a $425,000 city hall note renewal approaches. Council aims to cut at least $200,000 in expenditures and raise $820,000 in new revenue.
MENTIONED IN THIS ARTICLE
Bowman
OPEC meets to discuss price hike in Doha
Ministers from 13 oil exporting nations met under tight security in Doha for a price setting session. Saudi Arabia urged a moderate increase not more than 10 per cent, while UAE's Al Otaiba backed a slight rise. The agreement hinges on Saudi stance, with potential global costs highlighted.
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Doha
Qatar
UPI
Saudi Arabia
Gulf Hotel
Vienna
Organization of Petroleum Exporting Couftnes
OPEC
United Arab Emirates
Riyadh
Saud
Mana Saad al Otaiba
Uae
Tokyo
AIO
U S
Otaiba
Ahmed Zaki Yamani
Arab Gulf States
Higgins the Homicide Lawyer Wins a Pivotal Case
Higgins describes pursuing a sexual orientation defense in a high profile trial. He explains resisting use of explicit homosexual evidence to preserve public sympathy for Lynch. The strategy emphasized abstract issues over graphic particulars to secure a victory and raise Higgins to prominence.
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Higgins
Lynch
New York
Seagram Building
Samuel Bronfmand
Bronfman case described as lessons in energy and perception
In a reflective scene, Bronfman recalls entering the kidnaping case as a boy and leaving with a broader view of life beyond Williams College and Deerfield Academy. Higgins and his team emphasize the impact of a taped confession and the case's focus on human emotion over fine legal detail, driven by an old fear surrounding a single word.
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Higgins
Bronfman
Williams College
Deerfield Academy
Hallowed Halls
Seagram
Walter Higgins
Maloney
Sam Bronfman
Mystics
Patrick Lynch
Dominic Byrne
Pope Declares Abortion a Crime Against Life
Pope Paul VI denounces abortion as a crime against life and persons. He warned that those who procure abortion face ever renewed remorse and called for protecting life from conception to natural end. The message also urged peace and condemned armaments, terrorism, and torture.
MENTIONED IN THIS ARTICLE
Vatican City
UPI
Paul VI
Britain cites tea breaks for slower construction work
A government report by the National Economic Development Office says Britain’s factory construction projects run longer, yield higher mining levels, and show lower productivity than foreign sites. It notes tea breaks and rest periods are broadly determined by on site custom and are more frequently abused on British sites.
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London
UPI
Britain
National Economic Development Office
Pa. Makes Biggest Drug Bust At Mount Pocono
Mount Pocono police and 24 agents endured cold weather to stop a major drug operation fueling what authorities call Pennsylvania's largest drug bust. They watched an old propeller plane land at Mount Toone airport and waited as a group unloaded cargo worth at least $12 million tied to Colombian trafficking.
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Mount Pocono
Mount Toone
Ini Thres
Colombia
Pemesirama
Blumenthal Emerges as Bendix Leader After Kennedy Round Trade Push
The article profiles Blumenthal’s rise to Bendix chairman five years after joining in 1967, praising his forceful, hands-on style and demand for results. It notes Bendix’s rising sales and profits across automotive, housing, space, and electronics sectors and highlights support from UAW vice president Douglas Fraser and cautious views on business-government relations.
MENTIONED IN THIS ARTICLE
Ianif
Blumenthal
Bendix
United Auto Workers Union
Carter
UAW
Douglas Fraser
Grain prices in Ohio elevators after markets close
UPI reports average cash grain prices paid to farmers by elevators in Ohio markets. Northeast Ohio lists No 2 wheat 2.33 dollars, No 2 shelled corn 2.11, No 2 oats 1.64, No 1 soybeans 6.57. Northwest Ohio shows No 2 wheat 2.43, No 2 shelled corn 2.19, No 2 oats 1.62, No 1 soybeans 6.67. Central Ohio lists No 2 wheat 2.46, No 2 shelled corn 2.19, No 2 oats 1.65, No 1 soybeans 6.61. Trend indicates no changes for No 2 wheat, No 2 shelled corn, No 2 oats, and No 1 soybeans.
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Columbus
UPI
Ohio
Northeast Ohio
Northwest Ohio
Central Ohio
Lorain County Farm Bureau Announces Grain Prices
The county grain report lists yesterday's market closes for Lorain County Farm Bureau Cooperative Association. Wheat sold at 2.28 per bushel, shelled corn 2.16, oats 1.40, and soybeans 6.53 per bushel.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperative Association, Inc
Egg and butter price report from regional markets
AP summarized price listings show egg sales to retailers in major cities and farm prices in Ohio with ranges for large medium and small eggs. Butter offerings in New York and Midwest wholesale buying fees were reported as steady with varied class distinctions.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Chicago
Midwest Eggee
New York
Bus joy ride ends with theft charge
Eddie Lee Williams, 23, took a three mile joy ride on a Cleveland Regional Transit Authority bus Sunday. He faces grand theft and unauthorized use of a motor vehicle charges after driving the bus on Superior Avenue, then onto the Ohio Turnpike. He was captured in Sandusky County by state police and a pursuing convoy.
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Cleveland (Ap
Eddie Lee Williams
Cleveland Regional Transit Authority
Williams
Superior Avenue
Ohio Turnpike
Sandusky County
Chicago
Oty
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