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Publication: European Stars and Stripes Saturday, April 6, 1968

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   European Stars and Stripes (Newspaper) - April 6, 1968, Darmstadt, Hesse                              Saturday april 6, 6t the stats and stripes in her pocketbook Chat in Cathedral president Johnson stops for a Chat with mrs. John f. Kennedy just before leaving is. Patrick s Cathedral la new York thursday. They attended the formal installation of the most Rev. Terence j. Cooke As Catholic archbishop of new York. A Wichita Falls Tex. Up mrs. Shirley Ann Wright 1 Johnson 24, charged wednesday with the 40-minute kidnapping Ofa 7-month-Oid boy had 25 pictures of babies in her purse police said thursday. The pictures included snap shots and photographs clipped from newspapers. Police Hadnot succeeded in finding mrs. Johnson s husband said to be Soldier. She was held in 13,000 Bon Dunder a state charge of kidnapping Johnny Smith son ofor. And mrs. James Smith. Mrs. Smith said she met  in a drugstore and told her she was looking for Babysitter for Johnny. On wednesday mrs. Johnson Cameto mrs. Smith s Home to talk about babysitting. And it s att Legal too big earners Knock irs for loophole Washington up slav ing Over that 1040 form trying to figure out How to save another$25? Here s one that s really go ing to  americans who each earned More than $1 million in1966 did t pay a single Penny in  yet the internal Rev Enue service says it s All  iks estimates about the same number of million Dollar earners will probably slip through tax loopholes without paying a cent this  additional 133 americans who earned More than $200,000in 1966 and Are probably also millionaires likewise did t pay any taxes. The government figures it lost$38 million in taxes from just these 151  year Congress gets up set and speeches Are made de manding that the loopholes forthe Rich be plugged. There is also the usual retort that to get these exemptions a Man has to spend great sums for Money which is Good for the country  big Money earners use special loopholes which not Only Cut the taxes they pay but re Duce the amount of income the have to report for tax purposes in the first  Are just a few of the ways a taxpayer earning big Money can reduce his taxable income off the top depletion allowances and operating loss scan be claimed and tax exempt securities bought All requiring Large sums of Money for invest ment. Ownership of Mineral rights especially Oil rights gets a write off for depletion of the Supply tax exempt govern ment Bonds can be bought an tax free reserves of Money can be applied against business losses to reduce the amount of tax Able income a person  of the Middle Char Itable contributions Are the favorite item Here. But again Large amounts must be used for real savings. In fact this Loop Hole is available Only to  who pay out More than 90 per cent of their income in taxes Ina Given year and during eight of the 10 previous years people with incomes of $1 million or  reluctant taxpayer can do Nate stocks or works of Art ordeal estate that have increased in value from the original Rostand have their present value de ducted in full from that year income totals. From the Bottom cred its can be claimed for foreign tax payments and tax free re Appalachia aided Washington up presi Dent Johnson told Congress this week the Antipoverty program in Appalachia has made a Strong beginning in its firs two years. The president made the estimate in his annual report on Ope rat ions of the regional commission directing efforts to assist residents of the impoverished Mountain area. Serves applied against bad debts a businessman can also recover taxes he has paid in three pre Vious years or save income for five years ahead As a Cushion against business losses. What it All adds up to is that the government is losing far More than the estimated $38 Mil lion. Other taxpayers who Gross More than $1 million use these deductions to lower their bracket from 90 per cent to the still expensive but less painful levies in the $200,000 to $500,000 Range. When will Congress Ever get around to closing these Loop holes How much Money has the government lost because of them the answer is the  knows. While mrs. Johnson was there mrs. Smith left the room to answer the Telephone. When mrs. Smith returned both Johnny and mrs. Johnson were gone. Howard Russell a television Kauz cameraman a few minutes later was in restaurant and customers asked him whether a child alone in Booth might be Johnny. The child in the Booth fitted the description of the missing baby so Russell Telephone police. By the time he had finished telephoning the baby was gone. Outside the restaurant rus sell saw a woman with the baby. He asked her whether she wanted him to hold the baby. The woman handed him the baby and ran. Police arrested the woman afew minutes later. She told them she was taking Johnny Toa Hospital but Johnny s Mother said he was in Good health. All told Johnny was missing40 minutes. Fulbright tie reflects View on Viet War Washington a . W. Fulbright s attitude to Ward peace is reflected in his neckwear. A favorite tie is a Blue on with a design of peace doves and Olive branches stitched i Silver. Wearing it wednesday Thea Kansas Democrat said it had been sent to him As a gift froma store in Grec Nowich conn., but he could t recall the name of the giver. X. / " i a a. I. V i ,. Talking it Over mrs. Lyndon b. Johnson greets  ii. Humphrey at the White House As the vice president s wife arrives u present this year s poster child of the National association for retarded children. It was the first time the ladies have been together since Johnson s announcement that he would not seek another term up photo  
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