European Stars And Stripes (Newspaper) - April 13, 1986, Darmstadt, Hesse                                Sunday april 13, 1986 the stars and stripes Page 9 reagans paid $122,703 in 1985 taxes Washington a president Reagan who said he could t understand his tax return even after it was prepared for him paid $122,703 in Federal income tax on 1985 Gross income of $394,492, the re turn showed Friday. The joint return which presidential spokesman Larry Speakes said the presi Dent and mrs. Reagan signed april 2 and sent to the internal Revenue service office in Philadelphia shows they Are entitled to a $26,907 refund but asked that it be applied to their 1986 taxes. The return also showed that the irs challenged an item reported As part of the reagans Blind Trust and that the reagans paid $167 in interest to Federal and state tax collectors on the underpayment. Speakes said the president s return is automatically audited each year and the pay ment resulted from a ruling on the Way that the Trust had handled something which of course he was not aware  after he was elected Reagan placed his non real estate holdings in a Blind Trust. Which is managed for him to avoid a conflict of interest in deciding policy matters that could affect his personal wealth. At his nationally broadcast news Confer ence wednesday night Reagan told a questioner who asked him whether he had filed his return yet i had someone doing it for me but i have to Tell you i am More than Ever convinced we must have Reform be cause when i finally saw it it was All made out and i still did t understand  the president spent much of last year campaigning for an overhaul of the income tax system and the. Issue is now awaiting Senate action. The reagans paid 31.1 percent of their total income in Federal income taxes and 8.6 percent to the District of Columbia for local taxes. The documents also show they gave $23,298 to Charity More than half of it to Eureka College the president s Alma mater and to Northwestern University medical school. Mrs. Reagan s press Secretary Elaine Crispen said the $5,000 contribution to Northwestern was to help endow a professorship in surgery named for mrs. Reagan s parents Loyal and Edith Davis. Just Over half of the first family s income came from the president s $200,000 annual salary. Much of the test came from interest paid by Banks the largest account being in Bank of California which earned the Rea Gans $34,712, and the Blind Trust which earned $66,026. Mrs. Reagan reported separate wages of $772, which Crispen said came from royalties she received for television appear ances on different strokes a situation comedy and one to grow on an advice spot for children shown Between cartoons on saturday mornings. Both appearances were used to press the first lady s Campaign against drug abuse and Crispen said mrs. Reagan accepted the payments As required by her Union the american federation of radio and television artists. The spokeswoman added How Ever that mrs. Reagan always gives such earnings to charitable organizations work ing against drug abuse. The president also reported receipt of $17,282 in royalties accrued Over several years from his 1961 autobiography where s the rest of  one substantial tax Benefit the president is trying to eliminate As part of his proposal to overhaul the income tax system is the deduction for state and local taxes which gave him a $39,795 deduction last year. The next largest deduction the reagans reported was $33,000 in Legal fees to the los Angeles firm of Gibson Dunn & Crutcher. The firm which handles most of the reagans1 private finances charged them $8,000 for preparation of their pre Vious year s tax returns $5,500 for dealing with the irs when the reagans were Audi Ted and $4,600 for advising them with re Spect to various income tax matters and income tax  other fees to the firm included payments for reviewing their finances preparing the president s Federal financial disclosure forms and working on the Blind Trust. There was a Long term capital gain of $ 119,080 after receipt of the final payment last year for the $1 million Pacific Palisades Home the reagans sold in Southern califor Nia after moving to the White House. The reagans have reported substantial capital losses in the Blind Trust in recent years indicating that the trustees invest heavily in tax shelters that help reduce the reagans taxable income which this year was $110,229 less than their Gross income. White House spokesmen said they did not know which deduction reported by the Trust was challenged by the irs or whether it was a tax shelter. Albert r. Bras car a Deputy White House press Secretary said the irs audio resulted in a $1,445 deficiency in the Rea Gans tax payment for 1983. He said this consisted of $1,127 in Federal income tax and $318 in California income tax. The interest paid in 1985, amounted to $123 on the Federal tax deficiency and $44 on the California deficiency Brashear said. Reagan listed his occupation As ". President on the tax return. Mrs. Reagan s occupation was listed As first  schools update. ?. V  technicians in Athens Greece repair the Twa Boeing 727 Section ripped open by a midair bomb blast. A photo bomb damaged Jet will be flying by end of month Engineer says Athens Greece a a Twa jetliner damaged in a midair bomb explosion april 2 which killed four americans will be ready to Fly again by the end of april an Engineer heading the repair team said Friday. It s a very Strong plane and there in t that much structural damage. It will be completely airworthy by the end of april Apostolos Kagias director of maintenance for olympic airways told the associated press. A bomb explosion in the passenger Cabin of the Boeing 727 ripped a 10-foot Gash in the jetliner As it flew 15,000 feet Over Southern Greece. Demetra Stylian 52, her daughter Maria Klug 25, and Klug s 8-month-old daughter were sucked out of the plane and fell to their deaths. Alberto Ospina 39, a colombian born . Citizen was killed from the bomb explosion under his seat an autopsy showed. We will place two big skin pieces on the right Side of the fuselage where we have stripped the damaged pieces. There was no damage to the Hydraulic system or engine controls Kagias told the a. Flying debris slightly damaged the plane s Wing and caused some foreign object damage to the number three engine. Some things were sucked through Kagias said. He did not elaborate. About 15 olympic airways technicians were repairing the plane inside an Airport hangar under tight Security. Seats and pieces of the Cabin Interior were strewn on the ground. Kagias said olympic airways the greek National car Rier is completely refurbishing the plane and running structural safety checks on it under Twa supervision. The plane will be delivered to Twa with a fresh paint Job but i Don t know what they plan to do with it he said. Students Media event planned in Aschaffenbur april 23-25 Aschaffenbur Germany the Dodds Germany student Media festival will be held april 23-25 at the Aschaffenbur officers and civilians club. Thousands of students have created multimedia productions including videotapes sight and sound slides filmstrips overhead transparencies and photo storybooks. The Best entries from the local festivals have been sent to Aschaffenbur for final judging. The festival will be open to the Public from 9 . To 4 . On the three Days and from 6 to 8 . April 24 when winners Are named. 60 from Germany schools will attend workshop Ober Wesel Germany about 60 Dodds Germany students have been selected to participate in the creative connections workshop april 28 to May 2. The workshop allows creative students to work intensely for one week with professionals. The workshop which will be held at the jugend Gaeste Haus at Ober Wesel was scheduled this year because budget cutbacks have limited the artists in residence programs at schools. Instead students applied to attend the workshop and work with creative Dodds personnel. Stu dents selected will specialize in one area but also will have an Opportunity to work in other workshop areas. Workshops include air Brush painting recreational mathematics electronic computer music composition string ensemble Watercolour painting computer graphics storytelling Stone sculpture video production and the culture of the Rhine Val Ley. Resorts International founder Dies Atlantic City . A James Crosby who transformed a paint company into gambling giant resorts International inc., has died at new York University hos Pital following respiratory surgery. He was 58. Crosby born in great neck n.y., grew up in Spring Lake. In 1958, his family took Over the Mary Carter paint co. In the Early 1960s, Crosby went to the Bahamas and began building the Paradise Island gambling resort. In 1968, he sold the company s paint division and change the name to resorts International. Resorts International Casino hotel the first gaming Hall to open in Atlantic City opened May 26,1978