The Daily Journal from Fergus Falls, Minnesota on May 8, 1974 · Page 8
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The Daily Journal from Fergus Falls, Minnesota · Page 8

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Fergus Falls, Minnesota
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Wednesday, May 8, 1974
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Tax panel looks to many reform proposals Fergus Falls (Mi.) Journal Wed. May'8,1974 By CARL C. CRAFT Associated Press Writer WASHINGTON (AP) -After all the talk about tax reform, Congress this year may get around to changing the tax laws. Although revisions in the tax code are expected to be somewhat limited, some of the deadwood may be trimmed from the tax books and older folks may get a break on April 15. The House Ways and Means Committee, the panel which originates tax legislation in Congress, is expected to find tough sledding when it comes to rewriting the law on capital gains, estate and gift tax, and the so-called minimum tax. The committee hopes to produce its general tax reform measure within 60 days. Although some tax measures may have to be dropped as consideration continues, the panel currently hopes to review laws ranging from property tax relief for the elderly to tax treatment of political parties and property contributions to them. Other items for study include general tax simplification, amortization provisions, various tax shelters, accrued vacation pay, retirement income credit, taxation of single persons and married couples, depletion allowances for minerals, deduction of expenses for resort homes, business use of the home, expenses for attending conventions outside the United States, and cutting Social Security taxes. The committee plans to get into the minimum tax on preferential income, which is a 10- per-cent levy on such things as special treatment of capital gains, and to the associated problems of tax shelters to reduce tax liability. The panel specifically is expected to examine such areas relating to real estate, natural resources, farm operations, and investment interest. The minimum tax on tax- preference income, a levy passed in 1969, is a relatively low tax on otherwise sheltered income. Under it, a taxpayer may subtract ordinary taxes paid and $30,000 from this preferential income and then pay a 10-per-cent tax on the rest. Tax shelters involve cases where someone becomes a passive partner, buying an interest, for instance, in some farm operation in order to take advantage of provisions really intended for farmers. The shelter is a way of converting income into capital gains, which then are taxed at a lower rate. Some changes may be made in the tax treatment of capital gains — the profits on the sale or exchange of a capital asset such as stock or a building held mainly for resale. Other areas expected to get attention from the committee: —Singles and married people. In an effort to reduce tax discrimination against singles, Congress changed the law in 1969 in a way that, for many married couples, where they both have substantial income, they pay more tax than they would pay if they were not married and had such income. Critics thus say the law may be offering a bit of encouragement to "live in sin." —Political parties. Various tax treatment questions are involved, such as the tax liability of parties generally, and the treatment of gifts of property that had increased in value. —Resort Homes. Some tightening is expected on deductions allowed on so-called resort homes and similar property that is rented only briefly. —Business use of the home. Better guidelines may emerge from this study of who is entitled to take a deduction for some work-connected expenses of maintaining an office at home. —Conventions abroad. Expense deductions for business conventions held outside the United States, permitting many to get a foreign trip at virtually no cost to themselves, could be altered. Meantime, the committee may study a Social Security reform idea centering on relieving lower-paid workers of the payroll-tax burden by cutting the tax on all earning less than about $20,000 and providing a contribution by the Treasury. Back?rs of this plan cite testimony that the payroll tax now takes a bigger bite out of the pay of at least half the nation's workers than does the income tax itself. Among provisions gaining the committee's tentative approval is a plan to revamp the retirement income credit and convert it to a tax credit for the elderly, available to taxpayers aged at least 65 regardless of whether they have retirement income or earned income. This could give the elderly.ari additional annual tax bre$ : qf roughly $270 million. Presently, under an arrangement so cpnj- plicated that a substantial number of people who should get the credit are not takipg advantage of it, the credit'goes to retired people who dq net collect the tax-free Soc.ial Security benefits. _'..".', 1 Home rule plan is accepted Although the Stars : and Stripes originated in 1777;-it was not until -146 years later that there was a serious attempt to establish a uniforiYi code of etiquette for the U.$. flag. T I LONGER STORE HOURS. 1 QUALITY MEATS! PRIZE DRAWINGS! LOW PRICES! BOND'S BRAND-YOUR CHOICE REGULAR OR KOSHER DILL PICKLES GOLD MEDAL FLOUR we can crow about! 10-LB. LB. WITH COUPON BELOW ' Coupon expires Sunday, May 12, 1974 1 Redeemable Only at Piggly Wiggly! Gold Medal, 10-Lb. Bag FLOUR LIMIT—ONE BAG WITH COUPON, ONE COUPON PER CUSTOMER! '1.39 REGISTER FOR A FREE BOAT and many FISHING TACKLE PRIZES 1o be given away! No purchase necessary — no obligation — just come in and register! GAYLORD ORANGE JUICE BUSH'S—FOR SNACKS, PICNICS PORK & BEANS TOP SPREAD MARGARINE 31-OUNCE CAN 39 PICGLY WIGGLY COUPON ASSORTED KOOL-AID 10 w 49 C $100 CANS WITH COUPON BE LOW 2 1 LB. PKGS. 54-Ounce Bottles WESTERN DRINKS 2«» f l 51-Count Packages TOPCO STYRO CUPS IFOR*! i4'/2-Ounce Package JENO'S CHEESE PIZZA IFOR*! WITH COUPON BELOW WITH COUPON BELOW Coupon expires Sunday, May 12, 1974 Redeemable Only at Piggly Wiggly! Assorted Flavors KOOL-AID ............... 10 LIMIT-TEN PACKAGES WITH COUPON, ONE COUPON PER CUSTOMER! PIGGLY WIGGLY COUPON fo® r. -^. Coupon expires Sunday, May 12, 1974 i Redeemable Omly at Piggly Wiggly! Gaylord, fr-Oz. Cans ORANGE JUICE 6«. M 01 LIMIT—SIX CANS WITH COUPON, ONE COUPON PER CUSTOMER PIGGLY WIGGLY COUPON Coupon expires Sunday, May 12, 1974 Redeemable Only at Piggly Wiggly! Top Spread, 1-Lb. Package MARGARINE 2 PKGS. 99 C Food Club, it-Ounce Cans GREEN BEANS Food Club, 16-Ounce Cans SLICED BEETS ,4 F ° R 1 ,4 FOR*! LIMIT—TWO PACKAGES WITH COUPON, ONE COUPON PER CUSTOMER! PIGGLY WIGGLY COUPON Booth's, 33/4-Oz. Tins HERRING TIDBITS. 15-Ounce Cans FRANCO-AMERICAN SPAGHETTI..5 Hunt's, 15-Ounce Cans FRUIT COCKTAIL Food Club, 11-Ounce Cans MANDARIN ORANGES... .3FOR*! .,3 FOR$ 1 Food Club, 16-Ounce Cans SLICED CARROTS 103'4-Oz. Cans Franco-American BEEF GRAVY Whole or Cream, 16-Oz. Cans FOOD CLUB CORN 16-Ounce Cans FOOD CLUB PEACHES. Number 300 Cans HUNT'S PEARS FOR Food Club, 16-Ounce Cans WAX BEANS Chun King, 15-Ounce Cans BEAN SPROUTS In Assorted Flavors, Packages RIPON COOKIES Franco-American, 26-Oz. Cans SPAGHETTIS Joan of Arc, 15-Ounce Cans KIDNEY BEANS Topco, 35-Foot Rolls ALUMINUM FOIL ,4 F ° R ! ,4 F ° R 1 .4 FOR*! 4 FOR*! 10-Oz. Cans Franco-American CHICKEN GRAVY Campbell's, lOVi-Oz. Cans CHICKEN NOODLE SOUP. 5 FOR*! .SFOR*! 5 FOR* ! SFOR*! TOPCQ ALUMINUM FOIL. Food Club, 46-Oz. Cans GRAPEFRUIT JUICE Food Club, 46-Oz. Cans ORANGE JUICE Number 2Vi Size Cans GAYLORD APRICOTS Number 2Vi-Size Cans GAYLORD PEARS Hunt's, 29-Ounce Cans TOMATO PUREE Chun King, 8-Oz. Cans BAMBOO SHOOTS Chun King, S-Ounce Cans WATER CHESTNUTS FOR' ..2 FOR* | FOR 1 FOR' .2 FOR* I ,2 FOR*! Campbell's, lOVz-Oz. Cans CREAM OF CELERY SOUP... Campbell's, lOVi-Oz. Cans CREAM OF MUSHROOM SOUP SFOR*! FROZEN FRENCH FRIED POTATOES 39 C 2-LB. BAG WITH COUPON BE LOW Campbell's, lOVi-Oz. Cans VEGETABLE SOUP Grape, Orange, Berry. 46-Oz. Cans GAYLA DRINKS SFOR*! Nestle's, 6-Ounce Packages CHOCOLATE CHIPS Food Club, 15-Ounce Cans MIXED VEGETABLES .5 FOR$ 1 .4 FOR*! 3 Ounce Cans SWIFT'S POTTED MEATS. Food Club, 16-Ounce Cans WHOLE CRANBERRIES.. Food Club, 16-Ounce Cans STEWED TOMATOES .3 FOR* I 3 $ 1 3 $ 1 The Soap of Beautiful Women CAMAY BAR SOAP Coupon expires Sunday, May 12,-1974 Redeemable Oily at Piggly Wiggly! 2-Pound Bag, Frozen FRENCH FRIES 39" LIMIT-ONE BAG WITH COUPON, ONE COUPON PER CUSTOMER! PKIGLY WIGCLY COUPON Crushed, Tidbits. 13'a-Cunce Cans DOLE PINEAPPLE SFOR* UVz-Ounce Cans HUNT'S TOMATOES. .3FOR*| Yto/xs Ztozyj LARGE 88-SI2E NAVEL ORANGES DOZEN •••••••••••4 89 WASHINGTON (AP) - Dis- •trict of Columbia voters have approved overwhelmingly a charter to give the federal district its first elected mayor and city council in nearly a century. : 'Under the home rule measure adopted by a more than 4 to 1 margin Tuesday, a mayor and ,13-member council will be elected in November and take office Jan. 1, 1975. Voters also approved a proposal for neighborhood ad- .visory committees to make 'recommendations to the new city government. The home-rule charter, how- fever, will not give D.C. residents full sey over their city. Congress retains control of the Cat's Pride, 5-Lb. Bags CAT LITTER American Beauty, 10-Oz. Pkgs. EGG NOODLES SFOR*! INDIAN RIVER GRAPEFRUIT 79« O FOR FERGUS FALLS-JUNCTION OF HIGHWAY 59 SOUTH AND 210 SWEET, JUICY FLORIDA CORN 5 12 POUNDAVERAGE WATERMELONS < EACH ' 69 UNWASHED RED POTATOES Hunt's, 8-Ounce Cans TOMATO SAUCE 1 V-8, 12-Ounce Cans COCKTAIL JUICE Bright & Early, 6-Oz. Cans ORANGE DRINK Food Club, 8 Ounce Cans WAX BEANS Food Club, 8-Ounce Cans GREEN BEANS Food Club, 8-Ounce Cans SLICED CARROTS Food Club, 8-Ounce Cans WHOLE KERNEL CORN Food Club, 8-Ounce Cans CREAM STYLE CORN JFOR* ! FOR*! FOR*! FOR*! FOR* ! FOR*! FOR*! FOR*! budget and will have the power to rescind any council action District residents tost their right to vote for local officials as a result of congressional action in 1878. Until 1967 the city government was run by a three- member commission appointed by Congress. Since then, the federal city has been administered by an appointed mayor and nine- member council. Washingtonians currently have the right to elect a school board, to vote in presidential elections and to be represented m Congress by a nonvoting delegate to the House of Representatives. Two companies agree to share movie costs Final results from the referendum Tuesday showed 79,141 voters, or 83 per cent of the total, in favor of the home-rule charter, with 16,518, or \1 per cent, opposed. The neighborhood advisory committees were approved by a margin of 69,265 votes (73 per cent) to 25,582 (27 per cent). Gurney gives innocent plea TALLAHASSEE, Fla. (AP) —Sen. Edward Gurney, R-Fla., pleaded innocent Tuesday to a charge of violating the state election code. By BOB THOMAS Associated Press Writer LOS ANGELES (AP) - The man who overturned an ocean liner—and the film industry—is now going to set fire to the world's tallest building. Irwin Allen is the man with the match, and his studio-made disaster begins Wednesday with opening scenes of "The Towering Inferno." A producer who is prone to hyperbole, he claims these records for the new film: the most expensive cast of all time, the costliest sets in Hollywood history and the first coproduc- tion by two major studios. Allen is the man who produced "The Poseidon Adventure," which, he reports, has already pulled in $139 million at the world's box offices. Its success prompted film companies to search for other people-in- disaster projects. That's how "The Towering Inferno" came about. Allen's home studio, 20th Century-Fox made a bid of $350,000 for an unpublished novel, "The Tower," about a group of celebrities trapped in a burning skyscraper the night before its opening. Warner Bros, snatched it away with a $410,000 offer. "Then a miracle happened," Allen related. "Along came another book "The Glass Inferno,' about the world's tallest building which catches fire during a celebration on the night before POLISH SAUSAGES 99 c we con crow about! the opening. Different writers with different publishers working on different coasts had come up with the same plot. I gulped real hard and told the Fox executives: 'Buy it.' They shelled out $400,000." The producer proposed, "Let's do something very dramatic." His idea of a coproduc- tion was at first dismissed as impractical, but Fox chairman Dennis Stanfill and president Gordon Stulberg agreed to discuss it with their Warner Bros, counterparts. All met in Allen's office, and Warners chairman Ted Ashley asked, "Why should we be partners?" Allen invited his visitors into an adjoining office. On the walls were dramatic sketches depicting the skyscraper holocaust. Seven designers had worked for 10 days to complete them. "I>et's be partners," Ashley remarked. The two companies made a unique agreement. Both would share production costs, and 20th-Fox would release the film here, Warners abroad. Irwin Allen bears responsibility for making the film, but he admitted that he consults both managements on major decisions. Stirling Silliphant, who wrote "Poseidon," did the script for "The Towering Inferno," drawing characters and events from both books. The script has been refurbished from time to time to fit the dimensions of new cast members. The cast so far: Steve McQueen, Paul Newman, William Holden, Faye Dunaway, Fred Astaire, Jennifer Jones, Robert Wagner, Richard Chamberlain, 0. J. Simpson. The rarest dog in the world is the lowchen or lion dog, of which only 52 were reported in October 1971. The breed was a famous lapdog of the nobility of southern Europe during the Renaissance period. Fergus Falls (MR.) Journal Wed. May 8,1974 9 COUNTRY MANN-OR MAPLE RIVER SLICED BACON &. FOOD CLUB, REGULAR, GARLIC OR THICK SLICED SLICED BOLOGNA...... TOM SAWYER, 2-POUND PACKAGE • SKINLESS WIENERS..::.! 79 e 89 C 59 tK9««;;«i GROUND FRESH SEVERAL TIMES A DAY ^^ ^^ GROUND BEEF ,a 89* HOMEMADE, ROLLS SAUSAGE..-.59 e PIGGLY WIGGLY BONDED BEEF BUNUbU BEEF tffe^Ritfl CHUCK STEAK.. l .".89 C BONDED BEEF WITH FAMOUS PIGGLY WIGGLY TRIM BEEF CHUCK ROAST LB. ARMOUR'S VERI-BEST SPARE RIBS.. LB. BONDED BEEF—BONELESS SIRLOIN STEAK ... LB$ 1.89 BONDED BEEF—BONELESS T-BONE STEAK LB * 1.79 iBONDED BEEF—BONELESS PORTERHOUSE STEAKS 1.89 CASS CLAY, 1 PER CENT LOW FAT MILK mm FOID MEADOW GOLD, ASSORTED FLAVORS ICE CREAM HALF GALLON 71 Meat Bundle Specials! 15-LB. BUNDLE 2-Lbs. Beef Stew 3-Lbs. Cube Steak 5-Lbs. Ground Beef 5-Lbs. Round Steak ALL FOR [88 25-LB. BUNDLE 5-Lbs. Fryers 5-Lbs. Ground Beef 5-Lbs. Loin Chops 5-Lbs. Chuck Roast 5-Lbs. Chuck Steak 188 BONANZA COUPONS Buy 1 with a coupon and $10 order . Buy 2 with coupons and a $20 order. ^— Coupon expires Sunday, May «, W* BONANZA! 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Dolly Madison, 10-Roll Pack TOILET TISSUE... LIMTT ONE PACKAGE WITH COUPON, ONE COUPON PER CUSTOMER! PIGGLY WIGGLY COUPON Coupon expires Friday, June 7,1974 i Redeemable Only at Piggly Wiggly! Open Pit, 18-Oz. Bottle BARBECUE SAUCE 3">"M LIMIT-THREE BOTTLES WITH COUPON. ONE COUPON PER CUSTOMER! PIGGLY WIGGLY COUPON Coupon expires Sunday, May 12, 1974 Redeemable Only at Piggly Wiggly! For Dishes, Quart Bottles DEBBIE DETERGENT 3™«'1 LIMIT-THREE BOTTLES WITH COUPON,, ONE COUPON PER CUSTOMER! PIGGLY WIGGLY COUPON PLENTY OF FREE PARKING SPACE . LIMIT RIGHTS RESERVED COUPONS AND PRICES EXPIRE SUNDAY, MAY 11, 1974 LIMITRIGHTS RESERVED

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