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Show Uneie Sam's Taxes Vs. the President's Pocketbook PRESIDENT WILSON'S experience with the workings of the income tax law of IblS. which has subtracted from his salary of $7.VHJ0 Ihe not inconsiderable incon-siderable sum of $21.4:'.0. is likely to direct the presidential attention to thu Ifgh cost of living. The cost of living has increased at the White- House as well as everywhere else, and. with the prospect of having to entertain ollicial visitors from England. France. Belgium, Bel-gium, and possibly Italy, President Wilson will find his second encounter with the income tax no joke. Subtracting from his salary of $7."i.(M)0, the exemption of K2.UIK) allowed al-lowed him as a married man, the president presi-dent now iays at the rate of (J per cent on the first $4,000 of his income sub- Ject to the normal tax, amounting to .24(). and l per cent on tne remaining SU'0,000. bringing his normal tax up to .$.S.280. His graduated surtax, rising from I to 30 per cent, amounts to $12,910, and makes a grand total of $21,430, leaving him but S53.,r70 of his original salary. And if his salary is Increased by private additions to his income the surtax will be heavier in proportion. Every state reception given in the White House costs In the neighborhood of $3,000. In normal times at least four are given each year, together with official dinners In honor of the vice president, the judges of the Supreme court, the diplomatic corps, and the speaker of the house. So it looks as if the president will need to exercise considerable ingenuity If 1 e hopes to keep etpenses within the limits of his salary during the retualn-Jor retualn-Jor -n' ids tenu. |