Show u Your VOlt Income Tax NO 10 8 Under the tho revenue act ot or 19 J th thO maximum amount which may maybe maybe maybe be claimed as u earned Income to which a cred c r- r of ot 2 per t- t cent tnt nt ap ap- ap applies ap plies Is increased from Crom to lo To Fe Jalm dalm haIn this credit crediton crediton crediton on the tax tox llo Ic on net lid Income In s oC ot the Income i must actuary I 10 earned all as wages wage alaric professional I fees and other I amount received as compensation for fOl foi perl personal Onal set set- ser services vices Ices I In the tho ho earned Income credit the tho s surtax surtax which applies to Incomes l t excess ot of is III taken into Inlo con consideration for Cor the tho first time the revenue act of 1926 Th Th-i Th tax ot on an nn earned net Income of or 2000 Is computed ed In the tho M car e or of o a married man without e III ac 5 follows CalloW Net Ket income Leu exemption 3 Balance taxable 1 I 1 per POC cent tax on first 1000 a 3 per er cent on tile tie second 1 5 S per nl a oil on ft to- to ro- ro 4 x on net not Income of or 2000 Total normal and surtAx 2500 Loss L ss 2 25 per lIer cOIL cent of earned credit credit credit- Balance of fit tax pay pay- payable pay payable able The surtax rates a apply ply to lo net Incomes in oC or maximum surtax rate rato is now re- re reduced reduced to lo 20 per Ier cent which ap- ap ap applied plied to n not net t In excess ot of nl of or n a maximum rate rale of ot 40 p pr li cent nt on net tn- tn In Incomes conies comes In of ot as was provided by y the revenue act of 1921 1024 1 24 00 |