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Under Commissioner Caplin, a former University of Virginia law professor who taught both Bobby and Ted Kennedy, the Government is toughening up its stand on tax loopholes and tax offenders. Personally, Caplin believes that the Government could garner at least as much money-and make the majority of taxpayers happier-by reducing tax rates to 10% in the lowest bracket and to 65% in the highest bracket while getting rid of most exemptions, and lowering oil-depletion allowances. To make present tax rules more intelligible, the IRS has cut form 1040-the long form used by more than a quarter...

Author: /time Magazine | Title: The U.S. Taxpayer: Due, Blue, and 97% Pure | 4/13/1962 | See Source »

...brought an investigating commission of European Parliamentarians to the scene, who concluded that part of the upset was gastric: Italians boarded with Dutch families, ate heavy Dutch food, and "digesting potatoes, even for one day," concluded the committee soberly, "is a punishment for an Italian.'' A happier solution to the Italian housing problem in Holland was found by lodging 100 Latins on a 30,000-ton ship anchored in the North Sea canal at Ijmuiden. directly opposite the steel plant where they work. Aboard the floating hotel they were served Italian food...

Author: /time Magazine | Title: Common Market: Workers of the World, Travel! | 3/30/1962 | See Source »

Perkins declared that the importance of the student applications lies not in the distribution of the Freshman class, but in "certain human values" that are derived from giving students a chance to express their preferences. He stated that he believes freshmen are much happier under the preference system than they would be under an arbitrary machine selection process such as that employed at Yale...

Author: NO WRITER ATTRIBUTED | Title: Distribution Balances Composition of Houses | 3/24/1962 | See Source »

Steen said that most Norwegians had been pleased by the outcome of the American Presidential election in 1960. "We were very grateful for the few thousand votes which elected Kennedy, but we would have been much happier if Stevenson had been elected," he stated. "Stevenson would have got 95 per cent of the vote in Norway...

Author: NO WRITER ATTRIBUTED | Title: Norwegian Socialist Youth Leader Attacks YAF, Festival at Helsinki | 3/23/1962 | See Source »

After the Bowles shakeup, the Latin American section of the State Department emerged no happier than before; some seven men who cannot be counted on to listen to each other now control hemispheric economic policy. The result is that Dean Rusk travels to Punta del Este to damage the Alliance by splitting Right and Left further apart in Argentina; the President himself has to defend aid to Brazil for lack of other support; and the Deputy Assistant Secretary for Inter-American affairs, as a former member of the White House staff, is apparently not responsible to his chief...

Author: NO WRITER ATTRIBUTED | Title: The Alliance in D.C. | 3/14/1962 | See Source »

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