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...efforts to grapple with tax delinquents sometimes gets the agency into comically grotesque postures. The wife of a rich Texan got mad at her husband, told the IRS that he had been finagling on his tax returns. As an informer, she got a $50,000 payment -a portion of the extra tax the Government collected. Understandably, she did not want to tell her spouse about the payoff, so she failed to report it on their joint income return. The husband found out all about it when the IRS jumped on her for tax evasion...

Author: /time Magazine | Title: Taxes: Enter Balance Due Here | 2/1/1963 | See Source »

...arrangement with the Commercial Credit Co., Hughes now offers an easy-payment plan for helicopter buyers, putting them on a par with car buyers. One automobile dealer, San Francisco's Waters Buick Inc., has already got a helicopter on display in its showroom, where any impulsive shopper can step right up and buy it off the floor by plunking down 25%, or $5,625, with four years to pay the rest. There are also lease-purchase possibilities...

Author: /time Magazine | Title: Travel: Compact in the Sky | 1/25/1963 | See Source »

...exempt land, and it seems very unlikely that Roche's client will be awarded the sale. The City Council will support whichever will bring the greatest amount of revenue to Cambridge, but MTA officials apear more interested in the feasability of the various proposals and the immediacy of payment...

Author: By Anthony H. Scholl, | Title: Controversy Continues Over MTA Yards Sale | 1/8/1963 | See Source »

After Castro had finally inspected the 20% down payment of ransom goods carried to Cuba in the freighter African Pilot, the exchange began. Suddenly Castro stopped the release of the last three planeloads of prisoners, recalled that he had not been paid $2,900,000 in cash for the release of 60 prisoners last spring. With just one telephone call, Robert Kennedy got a $1,000,000 pledge from an unidentified donor-a fund-raising feat that should qualify him for the chairmanship of the United Arab-Jewish Appeal. The sponsoring committee pledged the rest, Clay borrowed cash against...

Author: /time Magazine | Title: Nation: How It Was Done | 1/4/1963 | See Source »

...universities with $127.5 million in matching grants aimed at prodding their friends to kick in even more. Last week the Ford family of fine universities rose by two with the addition of Brandeis ($6,500,000)* and Southern California ($6,000,000).- Each school gets an immediate Ford payment. To get the rest, each must in three years raise $3 for $1 of Ford cash...

Author: /time Magazine | Title: Endowment: Ford Showroom | 12/28/1962 | See Source »

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