Show FACTS No 3 8 II The Income tax lax Is Imposed up- up upon up upon on net ct I income neome Is ii gross oss In- In In less leas certain deduc deduc- deductions deductions deduction tion tot for exp expenses bases bad debts contribution etc eta to tobe tobe tobe be fully e explained later hater The nor nor- normal nor normal mal mab tax rate rat rt Is in 4 per cent on the first of oC net not Income In ex- ex ex ce Ces Ce's ot of the th th exemptions and anI credo Cred- CredI cred 1 I Its and S B per cent cont on the remain remain- ling I log net Income Surtax rates which apply to net nt Income In InI inI I 0 of range from I per rent on oil the amount bet e n 11 U pO and HO 10 to SO GO per l er cent on time tho amount by which bleh tho the net Income exceeds I Single persons p in th the norm ti tea tax may subtract t fion on not net an sn exemption of oC 1 I Th The exemptions exen for Cot married r n r r sons and h heads of families I Ire ro re 2 OO on Incomes of or less and U 2000 OO on Ini In excess of oC U 1 C Taxpayers are allowed also an additional credit of or 00 for each p person on other thin than hug hug- hus husband band or wife dependent upon and receiving his chief front Crom the r If IC such ep c-ep d n person Is II under 19 I years oare of axe age r or e of uee or physically defective Bin In the case of f m p persons rOns S a joint pM return In income como come of both boll may b filed or sepa separate rate returns wy no 0 filM id the income 0 of e ch It Jt thick coot COOl liln combined d pet net is J I subject I to time the SUMaC a couple win i a 0 mal email tax by y filing flUng ro- ro re returns turns turps e mlle n Ii i itt ift brim m ron lr t I fI t tJ J js 00 00 I and tic lilt wife's ft fa liia I O if a s Joint I ii Is filed flied J I the he income Is Ie tub sub j-c- j to 0 ii 8 of 1 vcr per cr c cent nt on lJ Ibid 0 o it ht toni i lii no h ntH t 6 0 0 and lOllO or 40 fO It If return Ore lire rued filed the bus is 15 1 j tier cent cant on tnt time tn o of his itle not Income b t te e n and 7 OVO or at 10 10 O rho tt ICe having t n n net t Income oJ i it of t less Jess then St U p PAS u no surtax In lii ft fling Cling log ret ns i or i wit stif but not both holh ma claim the or It may Inay be een Jn s b dS y thay dealt |