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Victory Tax Changes Weigh on Wages and Bills in 1944
The piece explains the new victory tax starting Oct 27 1943 affecting wages and self employment. It details 5 percent tax above $12 weekly, sets credits for dependents up to 40 percent for married filers and 25 percent for singles, and outlines how credits apply against 1943 income tax. It warns of additional measures incl retail sales tax and possible payroll deductions for stamps or bonds, plus higher excises on liquor tobacco fuels and transport.
MENTIONED IN THIS ARTICLE
Ington
Treasury
Sam
Oscar
Congress