Features of the Income Tax Law and New Rates
The article outlines a 1918 income tax reform with a 1 percent base on incomes above $8,000, plus escalating additional taxes up to 6 percent on amounts over $500,000. It details exemptions, reporting duties, and penalties for noncompliance, with foreign residents taxed on U.S. income and the first levy running March 1 to December 31, 1918.
MENTIONED IN THIS ARTICLE
United States
Taxation and frontier gun case in a frontier town
The text notes tax exemptions for incomes of states and municipalities from public utilities while some income remains taxable to the utility operator. It then describes a frontier town judge who fines a youth who fired a gun in a crowded street, “Twenty dollars and costs,” with the defense arguing no one was hit and the gun was fired into the air, the judge repeating the fine.
Dear Parents I hardly think I will be able to write much
A boarding school youth explains he will have little time to send letters as events happen or not happening. The note ends with affectionate sign off from Raymond of Everybody’s. A humor vignette follows about a conductor and a suitcase claimed by an unnamed man.
MENTIONED IN THIS ARTICLE
Father
Raymond
Philadelphia Ledger
Also Mentioned on This Page
J. E. Grant
Internal Revenue
Tumwater Savings Bank
Pioneer Bank
Gray & Davis
Wenatchee
Leavenworth
Oscar Redfield
Golden Rule
Weigand
Dimmitt, Day & Penney
Everybody’s
Templin & McKenzie
Massies
Massie
East Commercial St
Mutual Mercantile Co