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Show WithholdingTax Withholding Tax Goes Intfeet Into IntoEffect Int < Effect ( feet TodayPay Today Pay Pa.y . as You Go PlanTo Plan To IncludeNation's Include Nation'a Nationa Nation's Nations N a.tion ation . ' s Wage EarnersThe Earners The new pay-as-you- pay as you payasyougo - - - g-o g o go - tax plan planwent planwent pla " went Into effect today ( IbUl"BdaY IbUlBdaY Thursday " ) This new method of coIl collecting eotIng tax taxcannot taxcannot tacannot cannot be taken by any person as aseven aseven geven even the merest hint that , ; hat his or orher orher r her continued purchase of ot war wv sav say . Ings lags is not as essential today as asIt asIt a It was WWl a week ago , or a mont month monthago monthago ago D Howe Moffat deputy state statewar statewar stat war savings administrator declai declar- declar declared declared ' - ed I ITo edTo To fully understand the payesyou pay- pay payII'JYou pay payasyou - Mr Moffatpointed Moffat MoffatI Moffatpointed Moffa I as-you as you II'J-You II'J IIJ es-you es . ' - - go program pointed out that it does not neces neoes- neoes neces- neoessarUy necessarily ' - sarUy sarily mean an any person will wUl be bepaylsg bepayisg b paylsg payisg greater taxes or less taxes taxesthan taxesthan taxe taxethan than he did tor for his h18 earned eamed Income Incomeof incomeof of 1942 It is simply another andpaying and andpaying paying greater taxes 01 or less taxes taxeseasIer taxeseasier taxe ; easier method of collecting taxe taxes taxesby taxesby by collecting them at the sourceIn sourceIn source In a 8 discussion discu.ssion . 01 of now hoW pay goContinued goContinued go 'Continued Continued ' ( on page age five ) Withholding Wlthboldmg Tax Goes Goea GoeaInto GoesInto Into Efect TodayContinued Today TodayI I . ( Continued Contlnut'd Contlnutd ' Irom from 1mm pwe page one onei oneiworks oneworks ) , , works Utah savings savtJ1g5 staff stalT official omclals officials omclalsexplained officialsexplained ; explained that forgiveness up to tx7 71) 71 75 ) > i per er ( ' ( cent 'ent ent wnt of 1942 tax llab1l1ty liability liabilitydoes UabUlfcsdoes ' does not mean that taxpayer taxpayers taxpayerswllJ taxpayerswill ; will wllJ pay nay any less Il'8S Il8S ' taxes taxf.8 taxf8 ' . than hea hewould he h ( a * would otherwise And neither neitherIs neltneiIs Is the 20 per cent withholding tax taxon taxon taaon on wages and salaries as IUI severe severea severeas severeas a as " some alarmists alarmist.s . have indicated indicatedThe indicatedThe IndicatedThe The witholding tax Is not based ba'ied baied ' . II )1 1 > ) i gross Income but on earnings earningsafter earningsafter earningsatfcer after these deductions have men menmade De < n nmade nmade made $624 624 $ for single persons per\ons per ons ' \ on onffich oneach oneach ffich each year years s earnings eamlngs $ $1248 1248 $ formarried for formanll'd formarried manll'd manlld married ' persons pf'TSOns pfTSOns ' and $312 312 $ for t'ach tach each t'achdependent eachdependent ' eachdependent dependentf dependentV dependent dependentFurther f V * Further the 20 per cent deduc deduc- deduction deduclion deduction - - tion lion md Inci Incl ides Jdes the victory tax which whichIs whichIs Is now 5 per cent on yearly In Incomet incomes Incomes comet comes ! tn in excess of $624It $824It $ $624 624 $824 824 $624It $ It Is 18 ia not the purpose ( < f pa pay gc go ' ( 1 t t < ( ( < ( < ( llecl I1'ct I1ct heeL ! ' currently more than the theyear theyear theyear year s a tax obligationsThese obligationsThl'st obligations obligationsThest Thest Thl'st Thlst These ' examples of the new tax taxwert taxwere taxwere wert were ' cited by w waQ waQavlngs wevlngs avlngs vlngs omcl offici omcl1J officiV officiA offlclU 1J 1Jt 1JA . A married man without WltllOUt cl child childTCn childrcn ld ldrf'n t V rf'n rfn TCn ' who 1 . is Ls < ; making $50 50 $ a week weekwill weekwill weekwill will have havt ' a weekly wl'l'kly wllkly ' ' pay deduction < ( f $520 520 $5 5 $ 20 of which 78 cents cenl . < > will wlll benew benew be benew new 1 I l t rv tax it h ir litof lieu lit\ lit ' \ ! of the < ( ( ] Id d one 01lf ' and arid the remainder will , Ix credited rTf'dlted rTfdlted ' against again.st . taxes on his Ills1943 1943 ] 943 incomeThe Income IncomeThe The married man without df de depenclents dependents ' rwnctt'n rwncttn penclents ' h wli wh wil > ) makes make'i makei ' $2 2 $2500 2500 $20O 20O $ ( ) a year yearbet'ore yearbethre yearbePore bet'ore betore bethre ' personal exemption exentpt1on . . . now { ( ( ewes we wes tht government gD\emment gD emment gosernment \ taxes taxe I-axe I axe - , > , on last lastl'ar lastyears last5 years ) l'ar lar ' ears " Income Incomt ' ammuunling ammountlng appro approxlma approXIinat.ely approximately xlma XIinat.ely XIinately . ly to $232 232 $ He paid pain one halt haltof haltof hallof of it on or ar before June 15 Hp He Hewill Hpwill Hewill will on July 1 begin paying taxes taxesthl taxesthis taxesthis thl this " year years s Income through the * , witholding wltholdlng wltholding pr process CC6S and the two twoquarterly twoquarterly twoquarterly quarterly tax payments paymt'nts paymtnts ' he has a al ] alrI ar ] n rI ( ndv Adv made for last llUIt year years s incomewill Income Incomewill will be bt ' credited crl'dlt.ed crldlt.ed crldlted ' . a agalncst againest ainl " t tills this yf'8.T yf8.T yf8T yearstaxes years yearstaxes ' . 8 8taxl"S taxl"S taxlS taxes " Instead Il1'itead Il1itead . ' This credit together < ' with VIth ! the tht ' withholding tax will w1ll by bytI byti byt tI ) e C PI er el ( d I (1 1 < r nf > r ! the thf tue ' vear Vl'ar Vlar year ' apprlxlmat- apprlxlmat appriximat- appriximat apprlxlmatt'ly appriximately appriximat-ely appriximat ely - - t'ly tly ely ' pay all taxes he owes on this thisvpar thisyears thisyears | vpar years < ; Income but he will still owe owean owean owean an unforglven unforgiven un forgiven one fourth on lastI lastt'af lastsear last . } year sear t'af taf ' s income IncOJn ( , or $58 58 $ which hewill hewill he I ' will pay in En 1044 1944 and 1945 _ |