Show i Thousands Fail To File Income Tax Midnight April 15 the most unpopular time of year for taxpayers tax taxi payers has passed Out But still hundreds of thousands of law abiding Amerl- Amerl Americans ans have not filed their annual returns with the Internal Revenue Service REASON Is that IRS has allowed al at lowed grace periods to extremely extremely ex taxpayers ers who misunderstood tr thO 1964 tax cut The confusion started last spring when Congress voted the cut which had the effect of taking only 14 per cent from the average paycheck Instead of 01 the 18 per cent of former years This was done solons colons reported reported re reo re- re ported to their constituents so Americans would realize an additional ad four per pec cent of their paychecks which In turn would bolster the nations nation's economy IT DEVELOPED however that when people sat down to figure their taxes many found Uncle Sam wanted back part of 01 that four lour per cent In short these people had been under under- taxed rather than overtaxed as was common In the 18 percent per percent percent cent years Hence the backlog of honest taxpayers caught short when they discovered just prior to April 15 IS they owed more money money money mon mon- ey than had been periodically deducted from their paychecks throughout the year ONE DOESN'T like to complain com com- complain plain about a tax cut but the general public might have been better Informed After all were we're not accustomed to tax cuts |