The Key West Citizen Newspaper, August 16, 1954, Page 2

. Page 2 New Tax Cuts Cover Many Special Groups By CHARLES F. BARRETT WASHINGTON (#—Widows or widowers, policemen, ministers, writers, artists, inventors, business partners... Taxpayets who sell their home, support a parent in another town, live in cooperative housing proj- ects, or get income in advance for a future period ... All these groups may find tax benefits for them almost hidden in the hundreds of thousands of words of thé new tax revision act. Most of the changes are effective last Jan. 1, and will show up in tax returns due next April 15. Here is a rundown on péésible tax cuts for these special groups: Widows afd widéwers—for two years after fhe déath of 4 wife or husband, you may still split your income for tax purposes as most married couples do. This often puis you in a lower tax bracket. But to claim this provision, you nrust be supporting a de lént son or “daughter. Single heads of houséholds—you may now qualify for this tax status if you are single and support a parént who lives away from your owft honté. Under the olf law, the parent had to live iff your home, The “single head of household” status gives you one half'the benefits of incomé splitting, explained above. Poli¢emen—Now ¢an deduct sub- sistence allowances up fo $5 a day, whith weré coutted 4s taxable in- comé wider the olf law. This could mégn a tax cut of about $364 a year for many federal, state and loeat officers, Mitiisters=Cash payments to minigter for rental of 4 home were counted as irleome under the old law, although the reéfital value of a thé min- ister was exempt. Under the new law, the cash allowance also is exémpt fo the extent it is actually uséd for 5 Ifivenitors, writers, artists Undét the old law, income from a project which took léss than three years to complete was taxed in the year in which it was received. In- comé from projécts which took threé years or more, éver thou; reééivéd in one year, could spread for tax purposes over three back years. Under the new law, inconie May be spréad over a péri- od of yéars if the project takes only two years or more to com- pleté, This means income from more su¢h work may be spread, and fius at a lower rate. Writers and arfists may spréad in- come over thé a¢tual i work up to 36 months. § time spréad for inventors has been in- créased froit 36 te 60 months. You qualify for bg ber oy only if 80 per cent or more of income from thé project is reeeived in oné year. Otherwise, you pay taxes on the income 46 it is received year by yéar. le of homes—profits from sale of a personal résidencé is taxed unléss investéd im anothet home. Even ther, tle profit is kept in the record. H you later sell the second hore, or 4 third or fourth or atid don’t reinvest all your profits in another home, the total profit om alt the transactions can be taxed. In figuring your profit, the new law permits you to deduct guch selling expenses as reak estate commissions .and ‘“‘fix- ing up” costs—painting and other i ements completed 90 days bei the sale, in order to help make thé house salable. Cooperativé housing—If you live in a cooperative housing project, the new ldw permits you to deduct your share of intrest and taxes paid by the cooperative. The old law grafited this deduction only to taxpayers living in cooperative apartments. Business partnérs—Partners who meet a complex list of qualifica- tions may ¢hoose to pay taxes as a corporation, rataer than indi- vidual incomé taxés on theif part- nership proceeds. Thi¢ may be a THE KEY WEST Cit. big advantage to partners in top, income brackets. But most pto- fessional groups, ‘such 28 doctors, lawyers, aeeountants and erigine- ers, are ruled out. Prepaid inéome—Under the old law, if you received a ltimp-sum payment for usé of property or your services over a number of future years, the income was fully taxed in the year it was received. This would apply to rentals, leases, television sétvice contracts, club dues, and so forth. Under the new law, this ineome may be spread for tax purposes over the years in which the ineome is actually earned and in which your costs aré incurred. In most cases this Period cannot exceéd five yéars after receipt of the income. GLORIA TO APPEAR IN STAGE DEBUT MOUNTAINHOME, Pa. wh — Gloria Vanderbilt Stokowski, 30, heiress and wife of conductor Leopold Stokowski, makes her stagé debut tonight in the role of a fairy tale princess. Miss Vanderbilt will appear in Ferenge Motnar’s “The Swan’ on the stagé of the Pocofio Playhouse, where Margaret Truman made her dermal siage bow last June 21. of atomic energy bill which upset ZEN Monday, August 16, 1954 ee Secretaries Visit Sixty Congressional secretar- ies we luncheon guests here y the Monroe County commissioners. ‘he Secretaries, on a four of , Mia is morning, had tunch at Logun’s Lobster Housé, tour- ed the Navy Station headed back for Miami. Congress Will Adjourn This Week--Maybe Sy EDWIN B. HAAKINSON WASHINGTON — Congress oes home this week — maybe — after what one old-timer calls “the toughest Senate session” of them all. Those are the words of Sen. George, who has plenty of sessions to draw from. The Georgia Demo- crat tops all present senators in length of service, having first won| élection to the Senate Nov. 7, 1922. Senate Majority Leader Know- land of California said over the weekend Congress would finish by ext Saturday “for sure.” He said prospects are “exeel- | lent” for winding up by the middle of the week — but then decided he'd better not pinpoint the day. He remembered, he said, that! he'd once predicted July 31 for the | wifidap. When the Senate gets through determines when the House does, for the 435-man House, with its tight curbs on debate, has whisked through législation this yeat just about twice as fast as the free- talking, 96-man Senate. “I’m certain,” said George in an intérview today, ‘that this has been the most strenuous (Senate session) in lengthy hours. “We always havé long hours just before adjournment, but they We seem to be doing most of our legislating at the tag end of the session.” Knowland said he will éall up for Senate action in the “final” few days two bills aimed against internal subversion, one to allow the death penalty for peacetime éspionage and off to rid defense Plants of saboteuis; a bill to éx- pand the unempjoyment compen- Sation act; and several minor measures. Still awaiting final passage ate somé major “must” bills. One, the Knowland’s timetable when it touched off 13 days of spéechmak- ing the first time through the Sen- ate, is headed back for Senate- House conference after the Senate threw out one compromise version Friday. There could be more delay on it. ‘ Also in conference or headed there: a general farm bill; social security expansion; foreign aid ap- Propriations; ‘a catch-all supple- mental appropriations bill. A Sen- ate measure te temporarily hike thé national debt limit six billion dollars to 281 billions may be ac- eepted by the House without change. Then there’s the Senate-passed bill to outlaw the Communist party which the House takes up today with an eye to writing a version more to the administration's lik- ing. That may still go back to the Senate and perhaps to conference. During the first six months of the present session, Capitol offi- eials said, the Senate has been in session more than 921 hours, or néarly double the hours put in by the Housé, 47814. Workers Are Laid Off As Result Of Pilots’ Strike CHICAGO —American Air Lines, struck by its pilots for mote than two weeks, today laid off about 1,900 stewardesses, flight engineers and grotind workers. The ait line today notified an additional 12,000 employes across | the nation that their employment | will be terminated in two weeks unless the strike is settled. | A spokesman for the 1,200 pilots | of the AFL Air Line Pilots Assn., | who walked off the job July 30, | Said there appeared to be little | chance of an immediate séttle- ie of the dispute with the air! The pilots struck in a dispute | Over coast-to-coast, nonstop flight | schedules, They object to Pilots | flying Nonstop for more than eight | hours, but these flights have been approved by the Civil Acronaifties Board. The union contends such) flights are unsafe. The air line contends the union jdid not cooperate with federal mediators who attempted to settle the dispute, In a Tecently invented battery used to harness the sun by use | of silicaon coated tripse, a square }yard of silicon-coated material is ‘sufficient to power a desk lamp. | have been going on for wéeks now. | \ ld The Weatherman Say Key West afid vicinity: Partly cloudy to cloudy with showers and thundershowers thru Tuesday; not mu¢h change in témperature., Low tonight 77 - 79 degrees; high Tues- day 90-92 degrees. Gentle to mod- erate variable winds mostly east and southeast and freshening in shower ateas. Florida: Clear to partly cloudy fhrtt Tuesday. Widely scattered showers near southeast coast and isolated afternoon thundershowers élsewheéte. Little change in tem- perature. Jacksonville thru the Florida Straits and East Gulf: Gentle to Moderate winds mostly east to southeast thru Tuesday. Fair ex- cept for widely scattered showers in é@xtreme south portion. Western Caribbean: Moderate to fresh mostly east winds thtu Tues- day. Partly ¢loudy to cloudy wea- ther with s¢attéred showers. Weather Summary for the Tropi- cal Atlantic, Caribbean Sea area and the Eastern Gulf of Mexico: Conditions remain relatively sta- ble throughout the nearby tropies and there aré no sighs of afly dée- velopitig disturbance. Observation Taken at Post Office Building, 7:00 A.M., EST, Key West, F Fla. Aug. 16, 1954 Temperatures Highest yesterday _ Lowest last night Mean Normal _ Total last 24 hours __ Total this month Deficieney this month _ Total this year __ uid 30.06 ins.—1018.0 mbs. Tomorrow's Almanse Sunrise _ F Sunset Moonrise - TOMORROW'S ry (Naval Base) Time of Height of Lew Tides 5:15 a.m. 5:36 p.m. ADDITIONAL TIDE DATA Reference Station: Key West Bahia Honde (bridge) .....—eh 10m No Name Key St @rid) ....+-20 26m Boca Chica Sandy Pr. —oh 40m Caldes Channet +2h om - 41.4 ft. (north end) {—)—Minus sign: Corrections to be subtracted. (+)—Plus sign: Corrections te be added. 9.0 tt. ‘Los Angeles Lad Wins National Soap Box Derby AKRON, Ohio (P—Diek Kemp, 4, of Los Angeles coasted his $9.40 blue racer to victory—and a $5,000 college scholarship—in the 17th All-American Soap Box Derby here yesterday. Carrying a lucky silver dollar and wearing a favorite though weathered pair of red leather moe- easins, Dick flashed down the 975.4-foot Derby Hill track in 27:80 seconds in the final heat. It was his slowest heat of the day. The freckle-faced champ was just an inch or so ahead of Gary Miller of Long Beach, Calif., the second-place winner, who in turn was just barely ahead of the third- place John Kirtley of Evansville, Ind. Rhee Announces “Certain Plan” Against Reds SEOUL J yngman Rhee chose Korea’sin- lependence day to announce a “certain plan” for driving the Communists from North Korea, and Red chieftain Kim Il Sung warned his troops to guard against attack from the South. “This is not as yet a day of liberation,” Rhee told a crowd of 30,000 yésterday in ceremonies ob- serving the ninth anniversary of Korea’s liberation from Japan. “It is our hope that the United Nations will coopérate with us in pushing up to the Yalu River and in driving the Communists out of Korea,” the 79-year-old President added. He did not elaborate on his “certain plan.” Kim, in an oder of the day from his North Korean capital at Py- ongyang, declared that ‘‘conspita- torial activities of the United States imperialism and the Syng- man Rhee gang to wreck the Korean armistice and provoke 4 § new war have become more! overt.” “| and a textile plant were all grant- “| ed. He added that the Chinese peo- _ | Dlé were “cheerful and friendly.” “| given at one of the former President | (Chinese Reds Honor Visiting British Party LONDON # — Britain’s Labor patty delegation visiting Commu- nist China followed a busy sched- ule of sightseeing, talks and so- cializing today. British otrespondents aceom- panying former Prime Minister Clement Attlee, left-wing leader Aneurin Bevan afd six other lead- ing Laborites reported the party was greeted everywhere in Peiping with éordiality ard friendliness. The Britons arfived in the Red Chinese capital by plane Saturday from Moscow. Later this weel they go to Mukden for four days of inspecting industrial develop- ment in Manchuria, then return to Peiping for a meeting with the Red Chinese chief, Mad Tze4ung. late next week the group fliés on to Shanghai and then to Canton. Premier Chou Enlai was the visitors’ host at a 5¥-hour lunch yesterday. Deryck Winterton, ac- companying the party for the La- bor party organ, the Daily Herald, reported that Chinese-British rela- tions,. including East-West trade, were diseussed. No AP Representative ‘ (Efforts by Thé Associated Press to obtain visas for a reporter to accompany the Attlee party to Red China were unsuccessful.) Winterton said the visitors also asked questions about the Chinese constitution and trade unions and that “answers” were given. He said the delegation’s requests to visit such Pefping points as 4 prison, sehools, hospitals, a mine; Chow's lunéheon yesterday was im- Calm Hostess Helps Passengers Escape Death BLACKBUSHE AIRPORT, Eng- land i» = A ¢alm Irish hostess held the door of her burning air- liner open here yesterday as all 37 Britons aboard filed out to safe- ty. A few minutes later all but the tail section of the plane buried. The chartered Viking airliner, belonging to Airwork, Ltd., crash- landed after one engine failed fol- i eoff: A wing and an en- ee off as the aircraft belly-landed short of the rtinway 5 oe oie were taken to i rs a heviual at neatby Oxford for observation. hostess, Beryl Rothwell, diséounted her own fole in the crash, paying tribute instead to the passengéts. ‘“‘Théy behaved as codlly ag though an aif crash were an évery-day incident,” she said. EMERGENCY MARCH (Continued From Page One) only $55,000,000 was raised in Jan- uary, Youmans Said. Costly Résearch This year's polio vaceine trials and purchase of gam:ta globulin supplies have exhausted reserves for patient aid, he added. The Central Carolina Convales- cent Hospital in Greensboro, N. C. has notified the National Founda- tion that 51 chapters at the end of July owéd almost $100,000 and, if some of these payments are not made promptly, its bi-monthly pay- roll eannot be met on Aug. 15. The Wolff Home, rehabilitation unit of the Southwestern Polio- myelitis Respiratory Center in Houston, Tex., has wired the National Foufidation that without perial | img The menu included lotus er roots, bamboo shoots atid sharks’ fins. Toasts were drunk in vodka-like méltai. An official banquet for the La- borites was scheduled tonight. In London, observers speculated .m.|that Chow in his talks with Attlee .| was pressing his new, stepped-up |. | campaign to get Formosa from un- der the e¢ontrol of Chiang Kai- TODAY'S STOCK MARKET NEW YORK (#—Oils helped the stock market to higher ground in eatly trading today. ‘Trading started extremely ‘fast and for several minutes the high speed ticker tape was unable to keep up with the heavy volume. Stééls, Motors, aiferafts and rail- toads generally improved in addi- tion to the oils. Some airlines and distillers eased. American Aiflines, whose pilots havé been striking for the past two weeks, opened off % at 14% on a block of 3,000 shares and continued depressed. Among the risérs were Cities Service, Texas Co., Rpublic Steel, Chrysler, Goddrich, Boeing, Doug- las Aircraft, Allied Chemical, Gen- eral Electric and Baltimore & Ohio. Lower were United Airlines, Union Carbide, Radio Corp., Dis+ tillers Corp. and - Montgomery Ward. Refugees Die In Plane Crash SAIGON, Indochina —A twin- engine catgo plane evacuating Vietnamese refugees from Hanoi etashed in the Se Done Rivet near Pakse in southern Laos yes- terday, killing 46 persons. Most of the dead weré women and chi- dten. Three of the four French crew- men and a Viéthamesé woman and child were the only sutvivors, The plane had taken off from Hanoi for Saigon with thé refugees, fleeing occupation of that atea by | the Communist-led Vietminh. Airport authorities at Pakse said ore the erash that one of thé en- the pilot had radioed an hour be- | gines of his Bristol plane had | eonked out and he was héading | chapter payments due, amounting to $22,924, it may be forced to su- spend operation of the unit, al- though if per diem costs were promptly met the home would be selfsustaining. The hospital director added that a “presetit epidemic of poliomye- litis in this area will shortly place even greatér démand upon this essential facilities for gare and rehabilitation.” Much Is Owed The Herman Kiefer Hospital in Detroit is owed over $125,000 by chapters, and the Children’s Hos- pital of San Fransico urgently needs $64,598 due from chapters, Youmans said. Up to now, he said, calls for about $6,000,000 had come to na- tiotal headquarters from 179 chap- ters but less than $4,400,000 could be sént. “These are a few examples of a Situation that is increasingly sérious,” he went on. “It reflects thé financial crisis the National Foundation faces, which can only be suceéssfully mét if the Amer- ican publi¢ résporids generously to the Emergency Match of Dimes. “1 am suré théré is nobody who would wish any one of the great programs made possiblé through March of Dimes contributions to be slowed. Who could even think of abandoning the evaluation stud- ies, now in progres, of the polio | vaccine which is being tested in 217 ateas of the research progtam seeking to develop pféventive measures and improve treatment fiethods? Who would aftempt to cut off the training of physicians, scientists, nurses, physical therapists and others engagéd in polio work and without whom both research and patient care would suffer? “Yet with these three programs of prevention, research and pro- fessional @ducation continuing at full tilt, as they should, funds for patient aid simply are not avail- able. That is why we are having the Emergency March of Dimes— so that we can continue to do the total job that has done so much good afd gives promise of even greater achievement in the near | future.” of the country? Who | would countenance any stoppage we LSS Airplane Tangles U.S. 1 Traffic Motorists on U. S. 1 between Miami and Key West found driving é6fdifions feugh today. They had to dédge an air- plane. Ani attack bomber from the Marine Corps Ait Station at Miami that crash landed near Lower Matecumbe Key Fri- day morning was being taken over the highway today by truck from Marathon to the air station. The pilot was unhurt when he ditched the single-engine plane. Two Florida Highway patrolmen were escorting the truck and plane. SSS See GIRL SCOUTS OF ALL (Continued From Page One) mhaty things with very little ma- terial and a lot of ingenuity. gitls were divided into groups and each group was busy with some planned activity with an adult leader directing. Smeeth Operation Mrs. Toth said, “We have eighty girls registered and everything went off very smoothly this morti- ing. By tomorrow we'll have every- thing running on a schedule and that is one reason we stress that the gitls should be here on time.” The facilities of the County Beach and West Martello were made available to the Gifl Seout Counei) through the cooperation of the County Commission. The Florida Keys Girl Scout Council is a member agency of the Community Chest and was organi- zed eatly this year after Girl Seout National was assured that it | would have stable financing through the Community Chest. BILLION $ TAX (Continued From Page One) search and dévelopment costs, thus encouraging all business, large and stiall, to modernize and expand. “And, partial reduction of the double taxation of income from dividends will stimulate the invest- ment of savings by our private citizens and so make available the thousands of dollars that provide the plant, tools and power needed for each new job in America.” 2 PLEAD GUILTY OF (Continued from Page One) and Amando Rocamota of 808 Ashe Street. Police say the quartet took $2,000 in cash and jewelry from the Gar- cia home but failed to crack a safe. DEDICATION MADE BOGOTA, Colombia (7 — Some 7,000 Roman Catholies gathered 345 feet beneath the earth's sur- face near here yesterday to wit- ness the dedication of a great ca- thedral carved out of salt in a eentdries-old mine. The eeremony climaxed a project begun five years ago. Key West Radio and TV Service Calls Answered Promptly— RADIO — TV REPAIRS INSTALLATIONS PHILCO DEALER RANGES — TV SETS REFRIGERATORS 826 Duval Street TELEPHONE 2-8511 POOR OLD CRAIG SERVICE STATION Francis at Truman DIAL 2-9193 Your PURE OIL Dealer Tires . . Tubes . . Batteries ACCESSORIES ing in for the landing, the plane mile short of its goal. FAST INCREASE DETROIT «#% — Mrs. Donald Maskill, 28, yesterday gave birth to twits, her second set in three years. The Maskills now have six chil- |dren in five years of marriage. The father, a parts buyer and glad he had bought an éight-room house three months ago. Litile Theatre 922 TRUMAN AVENUE “Air Cool” Monday (Another Big Hit)... “IN TECHNICOLOR” THE LAWLESS BREED Rock Hiidson - Julia Adams The true story. of Wes Hardin, notorious gunfighter of the post- Civil War Era, (DON‘T miss IT) for the Pakse landing strip. Com: | suddenly nosed into the river a séller for Vickérs Ine., said he was | Starring ... VICTOR MATURE Alexander Scourby: Lee Marvin, Richard Egan. Nick Dennis, Roy Roberts, Alvy Moore, Russell Evans} Henry Kulky and Gregg Marrell } } Box Office Open: 1:45 - 245 - 9 P.M. CONTINUOUS TELEPHONE 2.4419 FOR TIME SCHEDULE gpg n Carlos Theatre Air « Conditioned TODAY AND TUESDAY “THE GLORY BRIGADE” Cartoon 9:00 P.M. Daily AYS PERFORMANCE GRAND JuRY TO (Contifued From Page One) peared at police headquarters yes- terday with his wife, Friends Questioned The Grahams, friends of the Sheppards, said they knew little about the relationship existing be- tween the osteopath and his wife. Homicide Capt. David E. Kerr said the questioning had been Purely of a rotitine nature and was done simply because of the friend- ship between the two couples. Also questioned by police was Bay Village Mayor J, Spencer Houk, who was given two lie de-| tector tests. Police said the tests backed up| Houk’s denial of a suggestion by Dr. Stephen Sheppard, the ac- cused man’s brother, that the mayor might have had « romantic interest in the murdered woman. RADIO and CIPELLI'S 37 sce Factory Methods Used— All Work Guaranteed Fon PROMPT AND ReioEs SERVICEgee DAVID CIFELLI 928 Truman Avenue TELEPHONE 2.6008 ens | RETR pea We Deal In New and Used Furniture Eisner Furniture Co. Tel. 2-6951 Poinciana Center DARLOW’S Pure Oil Station Stock Island Ph, 2-3167 PICKUP and DELIVERY Summer Specials Reg. Spec. 6.56 $ 5.75 1.50 1.25 135 (108 1 «(1.38 Wash & Polish Oil Spray Lubrication Wash Job (WW Tires 50¢ extra) .. Simonize (with wax and cleaner, and out, vacuum upholstery) 15.00 Wheel Balance (weights extra). 3150 1.90 Align Front Wheels Cadillac, Bu'yt, Chev., Olde, ¢, Chrysler produete, Ford, Mercury, Lineoin, 1949 and later. Studebaker, 1990 and later ~ (parts er straightening extra), regular $6.90. SUMMER SPECIAL, $5.56 Phone 2-5619 817 White Street DR. MURRAY RADIN CHIROPRACTIC PHYSICIAN 9 to 12 Noon 2106 PM. Evenings and Sundays by Appointment “Specializing In Nervous and Chronic Diseases” SOUTH Fi = ORDA’ SWORD OF VENUS 7:3 and 10:59 PLUNDERERS 9:20 ONLY Tuesday, Wednesday and Th $) % 4 A PERILOUS eo? & JOURNEY STRAND Box Office cone at 1:45 P.M, Continuous Shows From There On Mon. - Tues. Last Times Today 0 MUED ANTISTS rtopucrio® Wednesday Only 6:0 — 1:0 3:30 = AIR COOLBD { Tues. and Wed.