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Income tax details new levy and exemptions outlined
The proposed tax outlines gross income definitions covering salaries profits interest rents and business gains with exemptions for life insurance proceeds gift property income and government or public utility related earnings. It details deductions credits deadlines installment payments and exemptions for dependents alongside notes on penalties for unpaid taxes and extensions.
MENTIONED IN THIS ARTICLE
District of Columbia
United States
War Finance Corporation
Commissioner of Internal Revenue
Act of Congress