European Stars And Stripes (Newspaper) - January 22, 1978, Darmstadt, Hesse Page 4 the stars and stripes january 197b what the tax Cut might do for you Washington map president Carter says typical family of Tuur earn inn a year in Vilii siivi1 a 111 per1 cent tax under his tax culling the would Law an mated or Smith a family Over h percent of the net individual lax Relief will by provided to individuals did ii mimics earning less than per Carter said saturday in his lax message in and every income up to will Bear a smaller share of the Overall Laic Burden than it docs Carter called for Rale reductions and creation of a new personal lax focused primarily on Lowland Middle income with lower Lux withholding Rales to of put into effect May have been expert says doubts raised on meteor sighting West Palm Lull a Florida policeman reported a meteorite slamming into the Atlantic Ocean but experts say it probably want what the officer thought it was and didst land where he said it it was about the size of a said officer John Johnson of it had a Trail on it about 100 Yards it was Bright the meteorite was Bright he said the object plummeted into the Ocean Yards offshore from Jupiter 20 Miles North of several Resi dents of the West Palm Beach area called but Kurt Fredriksson of the smithsonian institutions division of said in Washington that the colourful Streak sounded More like a fireball a meteorite that burned up in the you have Only a few seconds Loob serve one of these its unlikely that it hit where the officer said it Fredriksson perhaps he saw a wave or something at that usually when you have a fireball like it is much farther away than it a the scientist he added that a meteorite Landing would have made a Racket worse than the Concord and be heard perhaps for a Hun dred Robeson portrayed on Broadway entertainer Diana Russ Cetl Lcarl and Michael Jackson of inc Jackson five group right congratulate actor James Eurl Jones backstage at the la Nikon inline theater in new York City after his opening night performance in the new Paul Jones por trans the controversial Black american Einger and actor who died in workers would experience an increase in take Home pay Law provides cd cup tons for members of the whith reduce hit amount of income subject to present Law Wilsn includes a Tern Imeary program of general which let a taxpayer Cut taxes by either 135 per family member or by 2 percent of the f of taxable Carter proposed that this existing exemption and general credit system to re placed with a single credit o per family a which is an amount subtracted directly from taxes is generally considered to be More valuable to most tax payers than a which is Worth proportionately More As income a credit a less advantageous to the unlike the current the new credit will provide the same Benefit at All income Levels or a family with four Mem the per capita credit will be Worth whether that family is Middle class or Carter the credit will insure that most families at or near the poverty level will pay no a single tax credit will simplify tax return preparation by eliminating the confusion caused by the existing combination of exemptions and alternative he Carters recommended tax rate Struc Ture the percentage of taxable income paid to the government would Range from a Low bracket of 12 percent to a lop bracket of 68 rather than the cur rent 14 percent to 70 As under current the top rate bracket will apply with respect to income in excess of for joint returns and for single he Carter also said for most people in the lower and Middle income there would be a sizable net reduction in combined income and payroll taxes even after the scheduled social Security tax increases Are taken into isl Congress and Carter legislation boosting payroll taxes on More than 100 million workers and their employers by billion during the coming decade to keep the huge social Security system in business into the next without this Cut in income the social Security tax increases would cause a reduction in Hie Lake Home pay of Ameri can Carter with this tax we will have re stored the integrity of the social Security he without increasing Totol taxes for most working people or causing a slowdown in our economic recon for a one earner family with annual wages of the income lax Cut would be an estimated and the social Security tax hike will be leaving a net tax Cut of such a family with earnings would Jet a s270 income lax offset by a ji20 social Security tax for a net lax reduction of if that family is making the net tax reduction would be with an income tax Cut of and a social Security tax snowstorms lower blood supplies in Northeast new York i api agencies in americas northeastern a Tats that were hardhat by fridays Snow storms warned that blood was in Short hospitals in Pennsylvania and new Jersey Vurtis told to curtail Vav Clit sur and several officials to local police and snowmobile clubs to net what blood wus available into Hospital up Tuting in be a of Blind Over the weekend and said William c director of the american hed Cross blood Iro Hiram in Philadelphia ten of 12 Bloodmobile stops in tie Phila Delphia area were cancelled Kri Duy be cause of the he hospitals Accuu Pennsylvania hive been told to curtail elective surgery Sinee when blood supplies reached critical Levels similar restrictions were ordered fur where the fled Cross sup plies were 50 percent below in hed Cross blur mobiles were unable to function because of heavy snowfall the had Fross plans a Cumic Tion at ils Headquarters in karmic a us on Marilyn a tied Cross spoke Swo said the Agency was Short at least the 700 pints of us mid 11 hid expected to Tol Ucol Fri May officials said the loud Supply in Jersey was dangerously barely sufficient to last through hospitals around the state were Post poning elective surgery because of the blood he Crois officials in Detroit said the Bud weather aggravated a bloodshot Ace in Southeastern Michigan because of the Wood collections wive fallen significantly Short of the needed by the areas to hos ii
