European Stars And Stripes (Newspaper) - April 10, 1988, Darmstadt, Hesse Sunday. April id. 19bb the stars and stripes Page 7 return shows tax Reform helped Reagan Santa Ita Kraka. Calif. A president Rea Gan has turned out a Winner in Ilie la Reform Law he i Ham Muncil. Paying Tat nit More income Lasi year than hi1 did in 1 %6. The while House released copies of the Federal a Clurn filed h Reagan and his wife. Nancy. It shout heir Lan liability or l 87 was s86.6s8. Or 25.1 per cent of ihcirsm$,.15 gnus income. In 19�fi. Their lax Hill had been $92,450 in a total income to or 27.5 percent. While House spokesman Marlin ii a mar said he was Mil aware of any factors older than tax Reform that would have allowed inc reagans to pay less lax in More come. The sweeping Las Reform Law. Applied for Hie first Lime to i Jet returns eliminated Many deductions and lowered in i Rales. For the richest americans such As the Reagan the maximum Rale dropped to 38.5 per cell from 50 per cent in 19h6. The ring nov return also provided a glimpse into their priv air life. For example. Mrs Reagan Sola three draw Ings b Japan cd artist Foila that she inherited from her Molher. The late Edith Luckel Davis for . And reported a j31,350 cup ital gain. The a pagans reduced in if Rrapo Reahle charitable contributions from s30.487 in l
