European Stars And Stripes (Newspaper) - March 27, 1988, Darmstadt, Hesse                                Page 20 the stars and stripes sunday. March 27,1986 investor s by Bill Doyle. After working Tat paying into serial Security for 44 Yon i to find list year m i Rood a non social Security by Velh my income from him tent 017 a rec and i Hue made. The invest ment income includes a Pratl Malelya ,000 Yew of a Posedly  from municipal banter. Be cause we receive let in left. We Doyle Mutt pay ii am lax an wit of our social Security Benefit. Hen s my Plu. It cd our municipal bomb to oar heirs Don. Our ten collect be in to a t inter no and present i to us u  would Elim Nile by us on oar Benefit ind Ilsc remove the Mil civil Bonds from our Utate hereby saving future inheritance taxes. Canini Bede Ner a. You must have put a great Deal of thought into your plan and to Tom to have covered All bases except one. Let j handle the pans or your plan one by one. You re required to pay Federal income lax on part of your social Security benefits when your adjusted Gross income plus hair of those Benefit and All your otherwise a i capt interest Topi a threshold125,000 for a individual s32,000 for i married couple filing a joint return. You can give those municipal Bonds to your heirs. From thai Point on you will no longer receive Lai exc nil Munici pal Bond interest. If your adjusted Gross income plus half your social Security benefits no longer totals More than j32.000, no part of your benefits will be used. Your heirs then will own the municipal Bonds. Assuming your heirs arc not collecting. Social Security benefits the Bond interest will come to them truly tax exempt. Because you no longer will own the Bonds those Bonds will not be pan of your estate and will not be subject to Federal estate Tan or stale inheritance lax. Once your heirs Start collecting the Tan exempt interest from those Bonds. They can do anything they pc ask with the Money including giving it to you. Now the kicker if the internal Revenue service gets wind of you plan it is a cinch they would charge that the entire scheme is Asham transaction concocted to evade lanes. Q. 1 thu Trp remd by the column in a Hilch you wrote. Fat ornately most estates and their heirs Are no subject la the Federal haunt  i Tike the opposite viewpoint and con Sider in fortunate hit my estate Wilt have to pay the Federal Tatt tax. In t Hilj n mutter of perspective a. Indeed it is. You re indicating you arc going to leave a Bun dle that s certainly better than dying broke. The rules permit you to leave everything you own to your spouse free of Federal estate Tan. Besides Liat you can leave in id $600.000 to other heirs without any tax bile. You re evidently going to leave More than 1600,000 to heirs other than your spouse. That s great financial shape but not Good tax planning. You could eliminate the Federal estate Las by giving Awa yall but 1600,000 of what you own before you breathe your last. Business news Market retreats As Dollar sags new York up the Stock mar Ket last week ignored an encouraging re port on inflation and focused instead on a sagging Dollar and weakness in the Bondin Arcet to Pott a Broad Retreat i relatively sluggish trading. The Dow Jones Industrial average which fell 44.92 Friday and 43.77 thurs Day dosed the week at 1978,95, Down 108.42 Point or 5.2 Perl on the West the Dew dote on Friday was the first below the 2000 level since feb. 13, 1936.41. The move thursday and Friday con new York Exchange new my Ubl to i  Kim Oach to he to Block but nip can Hite  Liu Tell Lett. 1 Lomoh Dimiti on a to 1ih i flt by Dalh la mob vim Brago Beik ism cop Elan Ghek  my 1i1tc9fonlp  i-1.b11tk1 173? do ,160? too 1.575 Kab 1.56jkc 1,494 to 1.37 to 1j.900 finned that we had reached an interim top said Eugene prot ii or. Chief tech Nical analyst at Janney Montgomery Coil inc. In Philadelphia. The Market met serious resistance Al 2080 earlier ibis month and has become More sensitive to external forces such As the Dollar and interest rates both of which Are Noi help Ful right  the Dollar firmed in the Early going Fri Day after Sharp declines in new York and Tokyo on thursday. It then slumped in midday trading and doted the week at 125.29 yen Down from 125.60thursday. The Dow Felt about 20 Points monday on lower Bond prices tuesday and wednesday the Index stood still despite a labor department report wednesday that showed inflation at the retail level the consumer Price Index Rose a modal 0.3 percent in february in Lin with Market expectations. Broad Market indicator also lest ground on the week. The new York Stock Exchange composite indict fell6.07 to 146.58. Standard & poor s 500 Stock Index dropped 12.61 to close the week Al 238.51. Declines led advances 1,421-517 Amoni the 2,1 m issues traded. Big Board volume totalled 786,334,140 shares compared with 876,793.460 the previous week and 931.746.290 a scr  the nose trading floor last week Avistar was he most Active Issue gain ing % loft. On the american Stock Exchange the amen Market value Index fell a no it w pc m .11hi .0? 1744 m .17 11h 1?11 id 4i40 no u 1117 my 10?n him a 1&31 a 1mtt my a item 1u file 97v�itr u47 no 01 sick no u. Of n Kic Ujj it ii Ulm id �7  shh i mtr in e6 13 Mcm ital i h m u in in no 13nl n is a. In is m. A i Flor a u .11 Al x w Iff a .1 fat 1s Puppi j1 i Oft