Word: ans
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Dates: during 1960-1969
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> An increase in the individual personal income tax exemption from the present $600 to $650 next July 1, to $700 in 1972 and to $750 in 1973.
> A three-step rise in the standard tax deduction-now $1,000 or 10% of income, whichever is less-to $2,000 or 15% by 1973. The feature is designed to aid lower-and middle-income groups. > An additional $1,100 income exemption for those with annual earnings of $3...
House Ways and Means Committee Chairman Wilbur Mills said that the bill would produce an additional $6.4 billion in 1970, then drop to a negligible $288 million in 1971. By 1972, the government will be receiving $1.7 billion less than present revenues, and the loss will grow to $3.7 billion...
Less than a week after Attorney General John Mitchell had promised "a massive indictment" of New Jersey public officials, Addonizio and nine present or former Newark city officeholders were charged by a federal grand jury with extortion and income tax violations. The ten officials plus five other men, including a...
Poolside Chat. For Addonizio, who has been mayor since 1961 after a 14-year career as a Democratic Congressman, the indictment came as something of an anticlimax. A state grand jury questioned him about local gambling last year. Federal authorities have had him under investigation since he and Boiardo were...