Show MORE INFO ABOUT YOUR INCOME TAX the following statement tat ement lj Is issued by collector of internal bevenue revenue james II 11 Ani anderson lerson for tho the district of utah the united state states revenue act now la in force contains two important provi elon tho the first relate relates to tho the personal exemptions exempt iona allowed married person persons and te second to the provision bequir I 1 ing hat bat a return be made of gross in tome of or more 91 the act provide provides that a married per eon son living with husband or wife whose 4 net income for 1023 1921 1 was or less 10 halt shall be allowed a personal exemption cf 0 2500 if the tile net income lof of such person was over the exemption is 2000 the normal tax rate is 4 per cent on th ill of net income above the e uj tl 5 6 per cent c on u the remaining net income in order that an income slightly in excess of 1000 shall not be b subject el to an inordinately disproportionate tax because of the reduction of the exema tion to 2000 thereon tho the law provides that such reduction shall not operate to increase th j tax which would be pay able if the exemption were 2300 2500 by more than titan the amount of the nt in como come in excess of sorto for example on a net inco into nr ne of the tax without this saving clause would be 40 which is 4 per tent cent on the tile amount of net in come tome less an exemption of 2000 tho the j actual tx is 40 computed as fol iowa lows irom prom the net income of Is deducted deluc ted leaving 2110 2 the tile 4 per rent tax on an which amounts to il to this is added 10 the amount of net income in excess of the personal exemption allowed to married persons apply aleo also to the head of a 4 family that is a person who sup P ports orts in one bo household one or more rel tives by blood marriage or adoption L under the law of 1919 1918 s penin whose net not income was leu lesi than bis his ex emption 1000 if single or 2000 if ial married was not required to file a re turn under the revenue act of however howo how evor vor if the gross income of an in in I 1 equalled equal led or excie led WOO or if the combined gross income of a mar mat ried couple and that of dependent minor children equalled equal led or exceeded a ret return U rn must be filed of the amount of net income the making of a ctorn lore does not nee es sailly imply the liability to tax there are a nen non taxable as well aa as taxable re turn |