--Rwro.a,Rzwgsaoswsw.t.ommpw, - 46 Friday, April 1. 1977 THE DETROIT JEWISH NEWS Of Men and Ostriches AJCorkgress Post Taxes and Your Future 1 By PAUL ELDRIDGE The importance of re- cord-keeping and the fact that the Tax Reform Act of 1976 has radically changed the rules for determining the basis of all property ac- quired from decedents has been stressed. I am a teacher- Treasury regulations pre- I am an industrialist- I show the two sides of every problem scribe what information con- I own shares in all the world's cartels I make no distinction between customer and I explain the mechanics of impartiality cerning a beneficiary's I expound the arithmetic of suspended opin- basis is to be supplied by ex- customer ion I proclaim the democracy of profit ecutors to the IRS and to I say: the slaughter of six million Jews I say: the slaughter of six million Jews beneficiaries. In addition, Is an equation ending in zero. .- Has no market valbe. the law provides penalties for failure to supply such in= I am a reporter- I am a judge- formation. ( scoop social and political scandals 1 uphold the nation's laws and statutes What is important is the ! scoop murders, marriages, divorces 1 I require courts and juries and attorneys absolute necessity for nam- I demand exhibits duly labeled and num= I scoop all things exciting and important ing a qualified and expe- I say: the slaughter of six million Jews bered rienced executor who can Lacks the human interest angle. I say: The slaughter of six million Jews cope with the complexity of Is circumstantial evidence, the law and settle your es- I am an internationalist: tate. I fight for the abolition of boundaries I am a psychologist- I am a historian- .. I know the chronology of all the dynasties I know the dates of all the wars I know the shifts of boundaries and the fall of states- I say: the slaughter of six million Jews Is an incidental concomitant. consider murder infantile regression I urge all prisons turned into kindergartens And all the courts into hospitals and labora- tories I say: the slaughter of six million Jews Is not the work of criminals. I am a preacher - 1 declare the eternal tenets of my faith I prophesy the nearness of the Judgment Day I exhort each man to get his balance-sheet in order I say: the slaughter of six million Jews Is the Lord's own account. I fight for the adoption of one universal tongue I fight fore uniformity of culture, of customs and of laws I say: the slaughter of six million Jews Is one is hurdle in my path to victory. I am an average man - In private life I believe in the old-fashioned virtues In businea's I follow the golden rule In politics my . motto is: "Let us mind our own' business!" I say: the slaughter of six million Jews Is foreign propaganda and entanglement. Under the new rule there is a "step-up" in cost basis at death to the higher of the donor's cost or the value of the property on Dec. 31, '1976. This represents a signif i- cant change from prior law. As a result, the heirs, if they sell the property, will be taxed on the gain be- tween the "stepped-up" basis and the current fair market value of the proper- I am a scientist- ty at the time of their sale. ! weigh each question with deliberate punc- The new rules on capital tilio gains taxation change The I apply the microscope to bug and man required holding period for And the six million ghosts I shun emotion and subjective thinking long-term capital gain treat- To all the living call:- I say: the slaughter of six million Jews ' ment. Starting with sales Is a phenomenon of reproduction and elimi- From the vast hecatombs From the mountains °fl ashes made in 1977 the required nation. From the lime and the dung holding period must be From the rivers and the seas more than 9 months. Then I am a radio commentator- From the myriad cemeteries in 1978, and subsequent 1 am the wet-nurse to twenty million minds - Nameless and far flung, Tears, the required holding I soothe and charm and lull to sleep We, the scapegoats of hate, I bind the wounds of daily tribulation . period must be more , than We, the martyrs of a fate I say: the slaughter of six million Jews one year. Beyond thought or tongue, Is offensive to good taste. Starting in 1977, the limi- Order: tation on the amount of cap- "A pyramid without measure build ital losses which can be de- Eternal as their global guilt YOUR WEDDING— _: ducted from ordinary in- And carve the letters of unquenchable flame BAR MITZVA come has been increased to TO ALL THE NATIONS SHAME!" $2,000 a year, and in 1978 Israel Detains and subsequent years, the WILL BE capital loss limitation will Terrorists' Ship be $3,000. HAIFA—Security forces Charitable contributions, last week detained a Turk- particidarly of appreciated MAGICIAN ish freighter and its four"- long-term capital gain prop- WHEN PHOTOGRAPHED BY Available For All Occasions man - crew on suspicion of erty, continue to remain 25 years experience having aided an attempted one of the few approved tax -MAGICAL MEL Arab terror attack on Tel savings methods. Attention AND ASSOCIATES Aviv last Rosh Hashana, po- should be given to the 547-2464 357-1010 lice revealed Sunday. change in the law regarding The crew of the 250-ton the • holding period for long- Okanlar were seized when term appreciated property they attempted to pick up a as previously stated. Over 45 Years their mother ship. The holding period re- week. Police said the ship quirement is particularly Of matched the description of significant in charitable giv- the freighter that offloaded ing since the donor may de- Moving Experience a rubber boat containing duct the full value of the arms and five Arab terror- long-term appreciated prop- ists near the Tel Aviv shore erty up to a limit of 30 per- last September. The five had lost their cent of his "contribution nerve, tossed their guns base" (generally, adjusted overboard and told asto- gross income). But upon nished Israelis on the Tel the contribution of a- short- Aviv beach where they land- term capital asset the ed that they were running donor's deduction is, in ef- NUMBER 0 ALLIED VAN LINES away from the Egyptian fect, limited to his cost. military draft. But they Thus, a donor must be AGENT IN MICHIGAN later confessed to security particularly careful to see forces that they had come that the long-term capital on a terrorist mission, and gain holding period under described the Okanlar as the new law is observed in 2253 Cole 1300 N. Campbell their mother ship.) making charitable deduc- BIRMINGHAM When the Okanlar, which ations. ROYAL OAK usually plies between Tur- 644-4612 541-3310 A potential incentive for key and Port Said, put in here last week it posted its charitable giving applies to crew list. The names a number of other amend- matched those the terror- ments in the 1976 Act, such ALLIED VAN LINES ists had given as the names as those limiting tax shel- ters, which could increase of their helpers. I am a nationalist- I believe in the sovereignty of the state I believe in the sacredness of the frontier I believe in the inviolability of the constitution I say: the slaughter of six million Jews IS an internal prerogative. ALBUM FINER WINER _,the taxes of many individ- uals. The complexities will re- quire skillful handling by your estate planner, but don't be surprised if he sug- gests that you contribute that piece of real estate to a public charity-such as the Jewish Welfare Feder- ation-United Jewish Chari- ties-instead of selling it, or your estate. leaving it in !Pm BE HAIR FREE ELECTROLYSIS $7.50 1 /2 hr. Latest medically approved dermatology equipment used WE BUY USED PERSIAN CARPETS Mrs. S. Steiner . 35 Years Experience Doctors Referrals Please Call 688-4259 LI 5-4700 /0el (1 rl & AV" Paddoveit sANdy fRiEdmAN pharogRAphy 968-0808 cANdids • MOVIES • PORTRAITS Edmund Frank & Co. Liquidators & Appraisers Of Household Contents and Estates 41. Sale held in your home all items tagged for your approval for info call . POTTER MOVING & STORAGE CO. NEW YORK—Prof. Abra- ham S. Goldstein, Sterling Professor of Law and for- mer dean at the Yale Uni- versity Law School, has been appointed chairman of the Commission on Law, So- cial Action and Urban Af- fairs of the American Jew- ish Congress. 8_62-3273 or 875-7650 "NM APRIL FOOLS SALE PTO 7 5% OFF ONLY 2 BIG SAVINGS DAYS FRIDAY, APRIL 1, 10 a.m. TO 10 p.m. and SATURDAY, APRIL 2, 10 a.m. TO 5 p.m. • BLOUSES \ • CORDS • DENIMS • SUMMER PANTS • SWEATERS • T-SHIRTS - • POLYESTER PANTS 20% OFF ON NEW SPRING & SUMMER MERCHANDISE Sizes 3 to 15 — ALL SALES FINAL NO CHARGES DENIM HEADQUARTERS - 22100 W. 10 MILE AT LAHSER (Across From Southfield High)