| Show INCOME TAX PACTS FACTS changes in the revenue law are 0 material benefit to the average fain am ily fly man under the revenue act 0 1021 a married person living will or husband chos net income for 1921 was or less is al luied lowed a personal exemption 0 2500 under the revenue act 0 1918 the exemption allowed a mar ried person was 2000 regardless regard les 0 ol 01 the amount of net income the normal tax rate is the same 4 per cent on the first of ne lie income above the exemptions anc aill 8 per cent on the remaining net in come given his personal elein exema p tion ot 2500 plus for eacel depel dependent dent a married man mail with thre children the average americal amer cai family will pay this year on a ne ile income of a tax of 12 on oli the same income tor for 1921 lie he woula have paid a tax of bf 56 every citizen and resident of tin united states must determine foi himself whether his income tor for 1921 was sufficient to require that a reburl be lied filed full instructions tor for mak ing out a return are contained on the forms a copy of which will b bt sent to taxpayers who filed a return last year failure to receive a ie turn however does not felicie L taxpayer of his obligation to file die a return on time on or before march 15 1922 forms may be e from collectors of internal revenue and branch offices |
