Iron County Record | 1925-01-23 | Page 4 | Income Tax in a Nutshell

Income Tax In I IA r rA InA A Nutshell IOU WHO 1 Single persons persona who vho had net income of 1000 or more or groan gros income in come of or more and mar married mar ried couples who vrho had net income of 2500 or more or gros gross Income of or or more must file returns WHEN The filing ope period nod Is from tram January 1 to March 15 16 1925 WHERE Collector of internal revenue for tor the district In which the person lives or h. h has hea his hi principal place of business now T Instructions on Form and Form 1040 also the law and rep reel WHAT Two per cent normal tax on en the first of net income in excess of the personal exemptions and credits Four per cent normal tax on the n next next st Six per cent nor not mal real tax on n the balance of net income Surtax on on net income in excess of