Wealthy Americans still dodge taxes at low rate in 1985
Treasury figures show 325 high income individuals with over 200000 in 1984 earnings paid no federal income tax on their 1985 returns, down from 579 the prior year. About 3,930 high earners paid no tax or less than typical wage earners, a rate of roughly 13 per 1000, amid changes from 1984 and the 1986 tax overhaul.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Congress
THE
Treasury
Congressional
Joseph Minarik
Urban Institute
High earners show 325 non taxpaying cases in 1985 report
Treasury study details how 325 couples and individuals earning over 200000 used deductions and losses to avoid federal income tax. It highlights large itemized deductions, interest, charity, casualty losses, and tax shelters like partnerships and capital gains, with most paying little or no tax. The report uses expanded income to measure true earnings and notes wide reliance on interest deductions and foreign credits.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
U.S
Treasury
Metal prices report from New Grk AP closing prices
AP reports COMEX closing metal prices yesterday with Gold at 41350 per troy ounce and Silver at 5904 per troy ounce. Platinum at 54140 per troy ounce. Aluminum 6323 cents per pound copper 0440 cents per pound Zinc 41 cents per pound Tin 41447 dollars per? Mercury 210-240 per 76 pounds.
USX chief challenges raiders over takeover bid
USX Chairman David M. Roderick told The Pittsburgh Press to show funding or back off as raiders circle USX Corp. He noted Carl Icahn owned about 11.4 percent and said there is little to stop a moneyed bid. Texas oilman T Boone Pickens called USX poorly run and said a takeover could help. Analysts note USX stock above $20 and potential vulnerability.
MENTIONED IN THIS ARTICLE
Pittsburgh
USK Corp
David M. Roderick
Roderick
Pittsburgh Press
New York
Carl Icahn
Icahn
USA
Pickens
USX
Egg price update from Columbus Ohio retailers
AP report notes egg sales to retailers in major Ohio cities with cartons delivered. Price ranges shown include extra large 60 to 63 cents, large 59 to 62 cents, medium 50 to 55 cents, and small 36 to 29 cents.
MENTIONED IN THIS ARTICLE
York
MMMI
Alcan
Hhlat
Lta
Oakind Bay
Itz i Ami
Ig GeewPet
AmMat
Hs Owen
Amoco
Bali
Wits
Pepsic
Anste
Pfizer
Asarea
PhulMr
AuBach
PhilPet
Ats Ty Bkrind
BT Ea
BokAm
Boeing
Borden
BorgWa
CIGNA
Sre AG
Dwayne
Fearnst
Conrac
CnsFrts
CnStors
Cm Ie
USX
Ag DataGa
Ucarb
DecCan
Linisys
Ely
Upjohn Sl
BowCh
Wrat
Az duPont
Wendy's
Brodh
Scolah
Exxon
Ty Xerox
Ails Heolam
Athied Corporation
Alea Helm
Alltel
Y- Eh AmerShip
Hmathe
Houlnd
Emerson
Tyes Ib
First Bancorp Inco
Fraehaul
Ordsen
Northern Savings
Jamud
Ohia Edison
Parker Hannifin Am Mas
Yary Woolworth
Columbus
Ohio
Congress urged to reform corporate pension plan laws
Congress pressed for reform after witnesses warned that since 1980, 1338 pension plans were stripped of surplus assets totaling about 16 billion dollars to fund takeovers and 734 plans carried unfunded obligations exceeding 3.7 billion dollars. Experts warn millions of retirees face reduced benefits unless solvency rules tighten and excess plan assets are addressed.
MENTIONED IN THIS ARTICLE
Congress
Washington
U.S
Labor
William E. Brock
House
Senate Labor
Sen
Howard Metzenbaum
Ohio
Labor Department
Metzenbaum
Brock
Also Mentioned on This Page
Internal Revenue Service
Minarik
Japan
EEC
Soviet Union
Raiders
Texas
T. Boone Pickens
Pitts
Burgh
Boone
America
Donna’s Party Center
Char Michael
Royalton Rd
Columbia Station
Columbia Est
Northern Ohio Scholarship Foundation
Donna’s Catering & Party Center
Root Road
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