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Show - - I I I - 4A -- I., ' dere MEP ,..., PrOVISEOEIS fla t--t- age In Tax Reforms goes into effect Jan. 1, 1970. to rel.etted in chocks mailed out in March. The minimum ber.ef.t for a Eirgle person rises frGm its presAat $35 to $6-a month. UPI 17ASIIINGION ;:;f. Major provbicns of fie tax reform bill: PERSONAL ENDIPIION: 61 The Ski') ex?mption fa each ',. tax payer and each of his deZpendents rises to $150 on July 1. 1970, to MO on Jan. 1, 1972, A -.- '", ..t iL ..,.,.. and Jan. on $730 ...) STANbARD DEDUC.TION: Now 10 per cent of the ', income of a taxpayer who '..1 aoes expens-e- s not itemize '71vith a ceiling of $1.000 it rises ire. 'at :14n t SINGLE PERSONS: and thereafter. 1973 ANCE: Designed to remove million poor people from tax obhgations and to rIrastically cut taxes for seven million near poor. it is equal to a minimum $1.100 personal exemption effective Jan. 1, 1970. This drops to $1.030 on Jan. 1. 19;1. and to $1,000 on Jan. 1, 1172. and thereafter. lie - : SOCIAL SECURITY: A 15 Pr cent increase in benefits ENVESDIENT Spe- capital gains, wagering or gifts. MAXIMUM TAX: taxpayers who receive their income from salary, chiefly execwages or fees utives, lawyers, doctors and will pay other professionals no more than GO per cent of their earned iacome in 1971 and no more than 50 per cent thereafter if they also had no more than .!30.(.100 in "unearned income." At present, the tax rate goes beyond 50 per cent for income above "Unearned $52,000 a year. from dividends, income" interest, rents and the like -- reamins taxable at the old CREDIT: WAtauW Give your family Ir i1 vt-t- A CI el of klirl beautiful music int:1I . '''''''a 4.1 . A I .1:1 magnificent Nr- -r t" r,.:,....::'..,,,1 rita insure that all designed wealthy persons pay at least some income tax. A special 10 to -- - 1 WASHMTON ;CPI) 7:.e tax reform bi:1 F'ss,ed Cor.Jess does t begin o dose all tie loop'Ioles. In fac,.. It crea!es fGur new -''''.... - t 11 i 1 . ti''.-- A .- I . - I ' , , I. . ,j, ..- - - -- 1 x ! -- - - ,.., , It'll'-'1::-'-":.- ,,, -, -t- i, ,,,,,,, bles of gas to soothe your relieve the heart- stamachburn. takes the add 4 , il , - . . ' ..................fit 130.1Y-1.1)- granted earnings from real estate investments. Lak year e at least 15 persons paid no income tax at all. a. other minerals are generally cut by 1 percentage point. This will allow an oil firm to withhold from taxation 22 per cent of its gross income or 50 per cent of its net profits, hichever is smaller. Lawmakers Pack Up subject to the existing 25 per cent maximum rate. On gains above ,000, a taxpayer will have to pay half his ordinary tax rate on the gains. Thus, for a taxpayer in the 65 per cent bracket, the tax is 32.5 per cent on gains abrve continued from Page FOUNDATIONS: They become subject to a tax of 75 per cent of their income from r .-,.. Mod. --- ., BUSLNESSFS: Businesses op- erated by churches and other organizations are subject to the 48 per cent corporate tax rate on their pro!-it- s -- MERLE - DAMAGES: of treble damage awards for antitrust violations by Tablets or iscan no lonasgernormalbe demand Di-Gbusiness Inc. of Product Plough, uexpe nses. Nor can bribes or liquid. kickbacks be deducted as business expenses. . en gas out data indigestion. when you eat to7;e4 ' I 1 1 1 . SPECIAL SALE 11 20 Watts undistorted music power 4.high fidelity speakers Record storage Sotckiate reriabitty FOR THE LAST-MINU- SHOPPER TE December 24 only YOUR CHOICE A 0 6950 $11 WS 01 - it00 - - - t, ..,..:, , :, 1,...41 -- Ac i : t r:':- ;S 11 - fr I 1) 1' k :1 I fr zsi ,, li, t i ill , 6- ;, i : 1; 1 L11:::.:: i'''''.;'. DIAMOND XI i - .". 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Eth south Exit , ) r i FORDAMR t V. ik, ail. ep;-- 7.""7 n' InEWAY '1110 ET WITH EACH SOFTENER SOLD BETWEEN DEC. 20TH & DEC. 31ST AIL INISTC.) , iwt .,, ' SOLITAIRES 1 , YOUR DOWNTOWN - Ito . ItII stiv s I Mod. 3632 - , ; A; Crl i ;::::,..,,i, - ': : ;- ,c:3 ea. Lam arra IBS, OF ' Ar,risi1 itif - ' :' 1000 0 LARGE '- 2 xe--1 - t , 1 Exceptional Values in tea: TO SAVE ON INVENTORY TAX AT YEAR'S WE ARE GIVING END i , : , Factory Wholesale Prices 3--, Senate manpower was dwindling as the recess neared: 73 members were on hand for what was the final roll call Monday night Vice President - Spiro T. Agnew made a late evening trip to the Capitol to preside, presumably in case of a tie vote, which he --ould have broken in favor of the administration. Its work done, the Serate quit for the night without the normal formality of an adjournment motion. "That's it," Mansfield said, and everyone walked out , I !er:s4 tem e ca:es eta3 et Fo 7d cnd Ifites :o 6:op in cr,d SC.79 him for fnq 1,73. buy fir I 6s.::kr Lennst.::.crd.a.e.Dxn::".1 Filters, Softens and Conditions Any Amount of Water ,., 19. ' New Car Salesman tit Bennett Ford SIMPLE 3. Two-shir- 111I WATER SOFTENERS h 303 itor......................trost-e- 1 :4, --C HURCH- - OPERATED guld , , tf to give to charity each year a sum equal to 6 per cent of their net worth. Americans with cl disloyal acts kere rounded up alter Pearl Harbor and transferred to "relocation" centers where they were detair,ed for three year. THE WORLD'S FLNEST AUTOMATIC B--1 II Jahpel:. - speech ---- ried another amendment crucial to the fragile framework with which Congress arranged to end the kmgest session in six years. That one provides authority for continued spding by government agencies which have not yet received their regular appropriations for thp fiscal year which began last J.Lne 30. A veto on the civil rights issue would have killed the spending authority, too, and three major government agencies could not meet their payrolls without It. The appropriations involved are for the Department of Health, Education and Welfare, the Department of Labor and the foreign aid program. Earlier disputes sidetracked their funds wital Congress returns to work. Senate Democratic Leader Mike Mansfield said the $19.9 billion appropriation for health, education and labor :f taxon has ,, programs threatened to veto also be- ,. cause it Ott iled.5 his budget will be the first order of busi, ness when the 91st Congress . begins its second session Jan. e REFORMS: The bill carries major reforms to narrow tax loopholes which permit much income from real estate investments, and banks. Also narrowed are provisions under which persons with large amours of nonfarm income escape taxes by buying a farm and taking advantage of liberal writeoffs farm loss income that were Intended to benefit bona ede farmers. the Sena., MEET DARRELL SMELLER Senate-arprove- and clear the way for a Christmas holiday. The appropriations involved were minor, but the bill car- 825.000. floor d The repeal ni..w goes to the House where Eep. Emanuel Cel ler, chairman of the Home Judiciary Committee, has promised For Home 1 --1 popular views and beliefs." Six detention camps were authorized under a section of the Interilal Security Act passed iii 1954 at the height of the 'IcCarthy era. They were to be used to bold persons whorl the President and attorney general believed might commit treasonable acts. 100 CAPITAL GUNS: On the first $50.000 of capital gains profits tom the sa:e of stocks and other property held six is to be months or more had introduced the measure after he became "aware of the widespread rumors circulating in our nation that the federal government was readying concentration camps to be filled with those who bold un- LOW. Senate lblomlay. Inouye said rumors alx,ut the camps "are widely circulated and are believed in many urban ghettoes," ds well as by student dissidents. hour? K, said he al DEPLETION ALLOW. ANCES: The 27.5 per cent oil depletion allowance is cut to 22 per cent ar,d depietion lowances allowed more than Daniel Sen. equi-Nrne- high-incom- t.arly In a remlnaed He 1 11 how 10930 West Ccast text year. n ones. These Lew tax preferwhich is what loopences holes always are called at first -- - ahned at stimulating the installation of antipollution the modernization of railroad equipment, the rehabilitation of old residential housing and the adoption of safety equip-comines. Eut unlike most other preferences. these four all carry an automatic termination date five years from gains taxes or tax preferenees el. ! , - , ) 1. 7'''-11 ..., - 7,.:,;,.. -r-- I -- - 1, , - .- . ......11 i i 7 .! Mod. S010 rI r"." . i . jril ,: ,;: ,q 1 . , , ,..... -- i 1, -, mg.. -- I 'way. They neutralize excess does more. acid. But Di-G- el is a patented Because Di-G-el formulation with Simethieone. This tmique medical discovery relieves the pressure caused by bubbles of systemtraPPed in your digestive up these bub- Jibe 1 Mod, 3011 ' a L.- ,.. .. f.' -:- , r:.--7- - r.,,,,,,I , f, ! 71 per or.t, tax is irnposed -tax 5he1!ered" . excess of such as income benefitang from the cr.1 depletion allowance. capital flt Plain antacids ran go only Balt investments and are required --, 1 the acid and the gas out of acid indigestion 74 - , I. ADVEITIEENIENT Unique modicine takes R1ll'S r1;usic from h A ag lea TAX: This is -1- 111N01131 eLde E High-inco- rates. Im IN I r g AVERAGING: Persons whcse incomes grow by more than 20 per cent in one year, such as athletes an authors, may average out the ;.dditional income over several years, subjecting it to a low7r tax rate than would otherwise be pcesible. This provision includes income from This subsidy to businesses and farmers, amounting to a 7 per cent subsidy on their expeJses for new equipment, expansion or modernization, 3UtiM VING INCOME ..L. IP: 0 house-huntin- cial tax relief is granted unmarried people so that in no case would a single taxpayer pay more than 20 percent more in taxes than a married couple with the sarne income. The gap now is as much as 40 per tent. ALLOW. '''..11 EXPENSES: Deductible erpeases for mcving are liberalized for moves of aO miles or more to include traveling. meals and lodging for premove trips and expenses arising from the sale of a house. The are permitted to claim moving expenses. EXCISE TAXES: The 7 per cent excise tax on nem, cars and the 10 per cent tax on tek.phone serve are continued for another year at their present rates. 1,t10 13 per cent with a $1,4400 then to 14 per ,et- - 'ling in ent with a $1,.:30 ceiling in Z.:t971. to 14 per cent with a Z12,000 ceiling in 1972 and to 15 wolter .:ent with a S2,000 last 18. NI SCRILX: The 10 per cent surcharge on personal and corporate income fans to 5 per cent Jan. 1. 1970, and expires June 30. 1970. :973. 1. effective is eliminated, April to hold hearings on the bill WASHEGTON (LTI) The Senate, in an effort to allay fears, the government is planning to use concentra-oas camps to hold dissenters. voted to repeal.. authority for such detention centers. WP ,.... ,,,, No 'Concentration Camps' Loopholes Still ca.1 1 ,IMM Emimmill. 1969 23, q -- ... , Tuesday, December DESERET NEWS, 4, GIFT SET Contains boftie Ice Blue After Shove lnd 3- oz. bottle Ledric Shove. TO SELL 102 4-o-z. 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