Show I TAX FACTS KO NO 21 H Income from dividends foma form a considerable Item In the aggregate te Income of many taxpayers A dh I- I for the til purposes purports of ot the th In- In taz tax como law In is any distribution n whether hether in iii cash cl or m b a corporation to Its or members out of lie It earnings or o profits accumulated since sine s ry 21 38 1918 HIS HISA A dividend Is Income to the stockholder a as ae of th the date daf when the cash or Is unqualifiedly unqualified made mad subject to Ills his demand FOr example a corporation may DIllY declue a dividend pa payable ablo December 30 IPU 1122 for which the stockholder d 1 not receive hi his check until JanuAry Ary 11 1923 The rhe Th dividend Is II a part of his hia 1922 Income Incon Dividends I hy by an In- In IndividuAl in stockholder are ar exempt from the th normal tas taz but to the th surtax the th realon rOIl on beIng heleg that the corporation which l declares the dividend Is la subject to the th nor nor- normal nor normal mal inal tax on earnIngs out of or which It ItIs itis Is paid AccordinglY dividends must sit Included In gross groas Income but they may my be b de deducted as a a It credit In computing the th normal tax or Interest not In ex cx ce cess ot or receIved by Individuals individuals Individual ual during the th years year 1922 to 1926 inclusive front from domestic building And loan loon associations ae operated u- u ex exclusively for lor the t purpose u ux alling loans to members member are ar exempt from both normal and 00 Proud of Her Mercedes Stafford pictured bove ov la Is I to with ble pride prid In Oklahoma City her town toI aj As a ono ona on of or the th pret- pret lest bat girl conne Connected ted with nith tate an aDhere In But why ihy ju Just stop atop top at T |