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Show 'STATUS TO (IAIN TOM l KDKIIAL j 1NC0MK TAX (TJT i'"i a wage earners mul sul- lined employes w ill not be the only ones to benefit from the recent federal Income tax reduction the state, itself will reap approximately approxi-mately $1"0OO yearly from the cut. According to an analysis prepared pre-pared by K. It. Cliristcn.son. chief auditor, state tax commission, slate income tax rates operating on the increased net income of I'tah residents will make the difference. dif-ference. Federal Income tax payments are deductible for gross earnings when computing net taxable Income In-come upon which to apply Utah's tax rates, he explained. |