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December 2, 1945

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Headlines from December 2, 1945

Press Wireless Forms Manufacturing Company

By Unknown Author

To facilitate the expansion of its manufacturing activities, Press Wireless, Inc., has organized a subsidiary, the Press Wireless Manufacturing Corporation, it was announced yesterday by A. Warren Norton, president...

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CAPITAL GAINS TAX FOUND NOT LOGICAL; Its Repeal Viewed as Relief to Courts and Beneficial Also to Taxpayers LEGAL RULINGS FOLLOWED Determination of Year of Loss Through Stock Investment Question of Fact, Not Law Supreme Court Case Sold in Bankruptcy CAPITAL GAINS TAX FOUND NOT LOGICAL Remedy With Congress

By Godfrey N. Nelson

In addition to the economic benefits that would result from the repeal of the capital gains tax, the courts would be relieved of the burden of passing upon a vast volume of vexatious questions and taxpayers would be spared the aggravation of an arbitrary and inequitable tax law. A revenue measure...

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Notable Births

Penelope Spheeris

1945Penelope Spheeris, American director, producer, and screenwriter[โ€ ]

Penelope Spheeris is an American film director, producer, and screenwriter. She has directed both documentary and scripted films. Her best-known works include the trilogy titled The Decline of Western Civilization, each covering an aspect of Los Angeles underground culture, and Wayne's World, her highest-grossing film.

1945Alan Thomson, Australian cricketer (died 2022)[โ€ ]

Alan Lloyd Thomson was an Australian cricketer, Australian rules football umpire and school teacher. Thomson, who "bowled off his front leg like a frog in a windmill" played in four Tests and one ODI in the 1970โ€“71 season.