European Stars and Stripes (Newspaper) - May 22, 1963, Darmstadt, Hesse                                We Lunday May 2j, 1963 the stars and stripes authors actors. Ballplayers would be affected Page 5 unit oks tax Relief for up Down earners Washington turn the House ways and Monns committee in its first net Ion on president Kennedy s Tux program bus approved his Plum to provide special Relief for it tors authors baseball stars and others whose income fluctuate sharply. The pro poit no which was tentatively approved would provide an estimated $40 million in annual tax Relief for such persons. The plan would permit taxpayers from year to year to average their income for lax purposes. Thus 11 would reduce can cos that one Good y car would subject the to High lax brackets. If it followed years of Low income. The proposal is one of Many structural changes in he tax code which or. Kennedy urged con Gress to adopt along with an across the Board reduction in in come tax rules. On balance the proposed Struc Tural changes would provide an Revenue. The proposal just adopted would allow averaging of income Over a five year period Only in cases where income during a current year exceeds the average of four prior yearn by More than one third. Averaging however would be permitted Only if the current year income also exceeds the four year average by at least $3,000. Some system of income average has Long been advocated by pro res authors whose income la subject to major change from year to year. The proposed new Rule would however apply to All taxpayers. The Treasury has noted that Many others could Benefit. The. N Vera to n g plan which would not take effect until 19g-1could mean big tax savings for individual who strike it Rich after years of modest in  would allow a taxpayer in a big income year to Lump  income from a five year period one fifth o the income. The tax attributable to the one fifth would then be multiplied by five to determine the final tax for the current year. To illustrate the benefits of averaging assuming the Tower tax rates recommended by or. Ken Nedy Are adopted an author who receives $44,000 in taxable income in 1965 would without Benefit of averaging be subject to a tax of$17,900. Income averaging would Cut the tax to $10,800. If the a Busty totalled Only $4.000 a year. Falness May Force rep. Walter to retire court rules Trust Laws a apply to Stock Exchange Washington up the Phy cd Clait attending rep. Prancl a Walter d-po., who has been in Georgetown Hospital or several weeks said it in unlikely the con Gressman would Ever return to work. Or. Darrell c. Cml said Waller we definitely better but would not comment on recent reports the congressman has leukaemia. Among his other positions Walters is chairman of the House in american activities committees. Earlier reports his illness is not cancer in the usual  the doctor said. Wal Ter Long time Power in the House has been absent from Congress during most of the current session. Earlier reports said that the con Gressman was hospitalized wit lung congestion. I think you con say hell never be Back to work Grain said but he s making liars out of All of  s definitely  president Kennedy recently Paida visit to the 68-year-old Congress Man. Walter a House member since1033, ranks seventh in seniority among the democrats. A has Bee noted chiefly As the co author of the Mcmorran Walter immigration act he Lrtil went on the  committee in 1949, put there by the late speaker Sam Ray Burn As a moderating influence after the group was widely criticized for its free Wheeling attack son subversives. Hip. Fun can e. Walter romeo9 older but no Wiser Sacramento Calif. Up atthe under age of 16 Ellsworth Sonny we Mccarver Mode National headline and earned the Moniker boy Romeo when he eloped Withoft Serviceman s wife. Smaller headlines appeared Dow through the years concerning Ali Carver now 33. To ran up total of five minor arrests in Cali fornia. Nevada and Utah mainly a said because people remembered Wisecarver the boy  la in trouble with the Law  dial. Ally. Herb Jack son said Sonny and Jimmy Wright had spent each weekend for the past three months tapping Tele phone Coin boxes for a total of about $2,000. Both men were booked on two counts of burglary after police suld a Telephone com Pany employee spotted them break ing into a  Mode the big headlines when he ran away with mrs. Elea nor Devny 25, a Long Beach. Calif., Mother of two. The couple left a Long Beach party for Ham burgers and ended up in Oroville. Calif., 500 Miles . Deveny uld Sonny was More of a Man at 16 than a lot often at 39" and i love him More than i do my  Wise Carver s Mother charged her wit contributing to the delinquency of a  she pleaded guilty to whal he called a wild infatuation and decided to stay with her husband and bring up our  that was the end of the Story for mrs. Deveny but not for Wisecarver. Radcliffe girls turn tables on Harvard panty raiders Cambridge mass. A it win a Balmy Spring night of the sort that traditionally prompts Suc Campus madness As riots and panty raids. Sure enough there was a panty raid. Only it was staged in reverse by some 30 to 40 girls from Rad Cliffe College. Twin launching set in june for a subs Proton. Conn. Up two atomic submarines will to christened simultaneously june 22 in the first twin launching since the Tut of the Navy s atomic ship program in x9m. Tho Polaris missile firing sub Tecumseh and the attack sub Flasher will be launched at the electric Boot division of general dynamics corp. Better it plays eyes of taxes Are upon fort Worth Tex. A lawyers Are wrangling in . Tax court Over a $500.000 luxury Home in Dallas which has door Chimes playing when the saints go marching  builder owner Martin May Ruth erected the dwelling in the middle1950s. It also boasts Glass Wallerd bathrooms and a six car garage. Judge Howard a. Dawson or. Of Washington is hearing a request by May Rath that the internal Revenue service review Elains that he und his former wife owe $81,400.30 in income taxes for 1955 through 1957.the irs disputes a Mayrath claim that he s entitled to 9147.707tax credit on the total Cost of the House. Met Wrath testified he s due this credit or research demonstrating his ideas about the use of con Crete Glass and plastics in Home construction. The girls marched to Winthrop House at neighbouring Harvard stood outside us vied Walls and shouted  s for  after an initial barrage o water and a few . S the boys poured out of the dormitory and joined their tormentors. One Good raid deserved another and before Long some 1,500 students were marching through Harvard Square crying on to  police efforts to disperse the students failed and the singing cheering mob descended on Rad Cliffe dormitories. After collecting a few undergarments thrown fro windows the crowd melted away. Five men were arrested but there wits no property damage or violence police Bald. Crop duster Dies la crash Philmont . Up John e. Moberg. 39. Pilot of a Light plane used for spraying died after he Craft plunged into dense Wood East of the Taconic state Parkway near this Columbia county Community. Harvard critic has 2 Good Points Excelsior . To. Or. Vernon r. Alden president of Ohio University sold Here that president Kennedy and the late president Franklin d. Roosevelt would not have been Able to enter Harvard under present College in trance requirements. Alden who add Reed a National meeting of the College Entrance examination Board suggested admissions directors should look More for leadership qualities endless for aptitude test Marks and High school grades. So much emphasis is now being placed on academic standing in High school that neither Franklin Roosevelt nor John f. Kennedy could have been admitted to har Vard today Alden sold. Washington a the supreme court has ruled that the securities Exchange act does not give the new York Stock Exchange immunity from antitrust Laws. Justice Arthur j. Goldberg de livering the court s majority Opin Ion said the antitrust Laws Are peculiarly appropriate As a Check upon ant competitive acts of exchanges which conflict with their duty to keep their operations an those of Thor members honest and  at the same time Goldberg said it was Clear that there must become method of telling a protest ing nonmember of the Exchange Why a Rule is being  allowing him to reply in explanation of his  Potter Stewart dissented with an opinion in which Justice John m. Harlon joined making the court s vote 7-2. Called incomplete Stewart said the court s answer to the problem is both unsatisfactory and  Stewart protested that he thought the court erred in using the antitrust Laws to serve ends that they were never intended to serve to enforce the court s concept of fair procedures under totally unrelated  the decision applied specifically to a suit by municipal securities co. And municipal securities . Of Dallas Tex. On feb. 12, 1959, the Exchange ordered its members to discontinue their wire connections with the Dallah firms. It also terminate Exchange ticker service with municipal inc. The two firms sued in . District court in new Orkand won in injunction the dlr let court ruling that action of the Exchange ant its members constituted a concerted refusal Todeal in violation of the Sherman  to . Circuit court in new York the Cuchi Inette won reversal of the District court ruling and a holding that the securities Exchange act of 1934 gave the Exchange antitrust Low immunity. But Nett Case the Dallas firms next appealed to the supreme court. In another action the court re tuned to Speed up its hearing Olan Appeal in which gov. Ross r. Barnett of Mississippi claims the tight to a jury trial in the criminal contempt Case pending against  High court on april 29, 1903, a Rod to hear arguments on the jury trial question hut sold the arguments would be heard in the court s new term next fall. Barnett then petitioned of court for a special Early argument session and a prompt decision. The governor and it gov. Paul 3. Johnson of Mississippi Wen cited for criminal contempt by that . Circuit court in new Orleans the officials were accused of re fusing to obey circuit court order not to interfere with admission of James h. Meredith a negro to the University of Mississippi last fall. The supreme court upheld Federal Power commission pc Lan to use a new area Price method for determining allowable producer prices for natural Gas. Under the plan pc would set a guide Price for All Gas produce Din a particular Field. Adjustments would be made if evidence showed the Price was unfair to Consumers or to producers Harlan delivered the 5-4 decision. Justice Tom c. Clark dissented with an opinion in which chief Justice Earl Warren and justices Hugo l. Black and William  joined. Under the old method pc stud led each application to see if the Price proposed would give the individual producer fair rate of re turn on his investment. This unit by unit method resulted in a Bio backlog of undecided rate cases. Iowa couple wins 3month Bridge tourney new York