Polish Troopers Smash Strikers

28 - THE HERALD, Wed., Dec. 16, 1981 Changing giving pattern can mean savings [ Bolton's letter to Santa Claus ...p a g e 22 The 1981 law removes all limits on the marital dedug- (This is the third part of a five-jjart series) Not only are they free of gift tax, but they aiso reduce ine isoi idw ici • j your estate for estate-tax purposes. tion for gifts Honor’s current spouse, its value property passes to the donor s cu ^ defer Your yuesiion; Suppose you and your spouse want to give will be 100 Dcrcent deductible. Accordinglyi y The changes made in the huge tax-cutting law of 1981 your son a $48,000 home as a combination Christmas- To aner Thi^ year any marital gifts that would reach that cover estate and gift taxes add up to a revolution in Money's wedding gift this year. Is there a way to do this tax-free this area that will demand the rewriting of millions of without eating into your unified credit? ^ T S 't o a minor will normally qualify for the annual [ Snow tonight J ^ L wills and other similar documents in coming years. Worth exclusion if the donee gets immediate use, possession or iw fV1 ■ Manchester, Conn. While mo^ of the actual provisions on estate and gift Answer: Yes, explains Prentice-Hall. Each of you ending Friday T ™ r taxes don’t start to come into effect until 1982, shaping Sylvia Porter could give a one-sixteenth interest to your son and a one- ^1 1 1 1 Thurs., Dec. 17, 1981 your pattern of giving for the balance of this year may sixteenth interest to his new life. In effect you have each — See page 2 result in significant tax savings for you. given $3,000 to your son and $3,000 to your daughter-in- jiS ” 'ilfTouvrS s«.rlU.» ll..t .re m lanrlfrH trr M p i For 1981, you can make tax-free gifts of up to |3,000 per law for a total $12,000 interest. registered form, you can register them m a luardian’s name “as cusMian for “ J donee to as many people as you want. And if your spouse to a maximum of $192,800 over a period of six years And because of the increased $10,000 annual exclusion joins you, your combined annual exclusion is $6,0()0 per set for 1982, you can make split gifts again next year they’re in bearer form, just deliver thein t ^ donee. (allowing transfers of $600,000 or less to go taxfree at (giving the newlyweds the remaining $36,000 interest in member of the minor’s family or to a guardian, together that time). You may not be aware that estate and gift with papers transferring ownership. taxes are unified in a single rate structure that applies the house). In effect, a $48,000 gift — but. with no reduc Starting next year, the new taw boosts the gift-tax an tion in your credit. Don’t be custodian and donor, warns Prenticg-Hall. it nual exclusion to $10,000 per donee. This means that if to cumulative gifts and bequests. And the maximum tax a donor (say, tbe father) makes himself you, as a married couple, agree to make a split gift, you rate on estates and gifts is reduced from the present 70 As for gifts between spouses, under current law, the first $100,000 is exempted from tax, the next $100,000 is dies before the minor reaches majority, both the inhf can give up to $20,000 per donee each year without in percent to 50 percent over a four-year period. and the courts agree that the value of the securities will Therefore, if you have planned to make gifts of $3,000 taxed fully, and one-half of gifts above the $200,000 total curring any gift tax. be included in the donor’s estate. Polish troopers Also in 1982, the new law increases the unified credit or less to any one person during 1981, make them now. is exempted. Before Consumer Reports has last-minute gifts tips the fall smash strikers A snow storm moving ment bags tested, the $73 Electronic Detective, the useful and versatile. It can as common as blenders. CONSUMERS, P.O. BOX rapidly toward By the Editors south^n New England American Tourister 40- $30 Mattel Electronics steam vegetables and CR top-rated - the $150 461, Radio City Station, strikes and sit-ins. of Consumer Reports 'ttacl' public works By United Press International resistance to the regulations of the inch 1585 and the $115 Ven Football II 1050 and the $40 shellfish, warm leftovers Cuisinart DLC8E and the New York, NY 10019. Be Solidarity union chief Lech state of emergency, the agency said, If you’ve waited this long tura Matchup 240 were Texas Instruments Mr. and rolls, boil water and $115 Cuisinart DLClOE for sure to ask for the reprint employees scurrying Polish “Red Beret” paratroops Walesa, last seen on Saturday, is adding that inquiries also had begun to do holiday shopping — or preferred. Challenger. eggs — and, of course, do heavy jobs. For light or on food processors. this morning to fortify and secret police smashed down the being held the in Chylice near War against those responsible for strikes even if you just have a few AM-FM radios with elec For the gardener in your with rice what its name medium duty chores, stick their storm-fighting gates of the Gdansk Lenin shipyard saw, the Italian news agency ANSA in Lodz, Cracow, and Gorzow last-minute things to pick tronic display clocks are a group, buy an electric implies. The $40 Hitachi with the $76 Moulinex La arsenal. At right, Dave and routed diehard Solidarity reported today in a dispatch Wielpolski. up — you could probably top-notch gift. CR check hedge trimmer. The Sears RD4052, $45Panasonic Machine II and the J.C. Got a news tip? Paul repairs a snow strikers who threatened to blow up smuggled out of Poland. The report The agency said two officials of use some help making gift rated the $75 Zenith R472 22-inch Cat. No. 8159 and SRllOE, the $40 Sanyo E(3 Penney Cat. No. 32426 at $50 plow mount which the yard, reports from Poland said said martial law authorities refused selections. because of its tone quality the 18-inch Cat. No 8157 at and the $40 Tatung plus shipping. If you have a news tip or the “independent students union’’ 7 today. to let Archbisop Jozef Glemp, From the many products and FM reception. Less $44 were check-rated. The TAC6HLA were four highly (If you’d like complete story idea in Manchester, could see action had already been sentenced in War tonight, while below, The Polish attorney general today Poland’s Roman Catholic primate, saw. it did not say what the Consumer Reports looked costly but also highly rated $9 Quik-Kut K15T and $9 rated models. ratings on all of the 23 food contact City Editor Alex was reported to have opened a see Walesa. at this year, here are a few w ere the $60 Sony Wallace P15T were good Food processors used to processors Consumer Girelli at The Manchester senders load up In judicial inquiry against a group of sentences were. assembly-line fashion. The Roman Catholic church in Sylvester Bottone Jr. Alfred Lemire “best buy” recommen ICFC21W and th°e $55 anvil hand pruners and be exotic, but now they’re Reports tested, send $1 to HdTald, telephone 643-2711. Solidarity leaders accused of dis Poland, meanwhile, issued its Conflicting reports of caiiialties dations: moderately priced Panasonic RC95. were cheap enough to be The storm Is expected tributing a banned union newspaper toughest condemnation yet of mar slipped through censorship. In products' (some you’ll be Give the casual judged genuine “Best to dump up to six In calling for the murder of Com tial law. saying the population is Paris, union leader Edmond Maire Joins Chamber able to find at discount) photographers on your list Buys,” as was the Sears ches of snow on the munist Party members. “terrorized by military force.’’ said French officials told him that that are rated highly in a simple, cheap, point-and- Cat. No, 86458 ($10 plus area, according to the The strikers were taken the church demanded the release nine workers had been killed in New Image Printers Inc. of 379 Wetherell St. has Consumer Reports shoot 110 camera: the $42 shipping)) among hook- National Weather Ser Wednesday from the yard, the of Walesa 'and said, “The Polish na clashes around Poland, magazine. Kodak Ektralite 10 or the and-blade models. la ti niailelcarriage House joined the Greater Manchester Chamber of C f W boutiaueboutique I . ______ _ vice. birthplace of Solidarity, and tion will not bow and will not aban There were no certain reports of Commerce. For someone on your list $62 Kodak Ektralite 500. A rice cooker is an un hairdesigning marched off convict-style in the don the democaratic rebirth.’’ who wants to get away Bring home outer-space usual present that is also injuries or deaths at the Gdansk Sylvester'J. Bottone Jr. of Manchester is presi 18 Oak Street Herald photos by Tarquinio bitter Baltic cold, with 100-yard in The East German news agency shipyard, but a number of workers dent of the year-and-a-half-old business. Bottone is from it all, buy luggage. Of adventure and penny ar 6 4 9 - 5 0 4 6 downtown Manchoaler 6 4 3 - 2 4 6 1 tervals between each man, as ADN said today in a dispatch from the 13 underseat bags CR' cade thrills with an eiec- said they feared there might have a member of the Elks Lodge 1893 and been in the soldiers smashed buildings.

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