THE NEW CIA DIRECTOR, ADM. STANSFIELD TURNER HAS A NET WORTH OF $456,500

Document Type: 
Collection: 
Document Number (FOIA) /ESDN (CREST): 
CIA-RDP99-00498R000100080002-4
Release Decision: 
RIPPUB
Original Classification: 
K
Document Page Count: 
1
Document Creation Date: 
December 20, 2016
Document Release Date: 
April 17, 2007
Sequence Number: 
2
Case Number: 
Publication Date: 
March 28, 1977
Content Type: 
OPEN SOURCE
File: 
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PDF icon CIA-RDP99-00498R000100080002-4.pdf107.98 KB
Body: 
,v App~~__r~~v,ed For Release 2007/04117 : ~CIAH-RrpP99-00498R00 Y ;1~2TIC~ A.PPEAI~ THE WASHINGTO OS ~' 28 March 1977 ~, ON PAGE ~~---' c~i~~ The~newtClA director;:Adm. Stansfield Turner:".,. has a net worth. of $456,500, according ~to records?-~. filed with..,.the'Senate Intelligence Committee.... The admiral and 14Irs. Turner also managed, to . reduce their taxes considerably last year,. even , though his Navy salary stayed about: the .same. The Turners paid. $14,026 in federal income taxes for 1974, but only. $3>?t61 for 1975. The reduction . came frominvesting ~ a tax shelter, Teal. Petro-_ leum, Ltd., ~in Houston, which enabled Turner to claim $25,000 in-losses for "intangible drilling and . development.: costs." _ And Turner has turned back to the Navy in a time of need: he's picked retired Cdr.' Herbert E. Hetu to replace ?~ndrew Falkiewicz as assistant to the director for press r John H. Chafee while for former Navy Secretary on active duty; and joined the double-dippers by