OCR Text |
Show INCOME TAX IN NUTSHELL WHO Single persons who had net income of .$1,000 or more for the year 1019. Married couples who had net income of S2.000 or mere. WHEN March 15, 1020, is final date for filing returns and making mak-ing first payments. WHERE Collector of Internal Revenue for District in which the person resid.s. HOW Full directions or. Form ! 1O10A and Form 1010; also the law and regulations. . WHAT Four per cent normal tax on taxable income up to i! i? 1.000 in excess of exemption. Eight per cent normal tax on balance of taxable income. Surtax, Sur-tax, from one per cent to sixty-live sixty-live per cent on net incomes over ?:,ooo. |