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War time taxes for soldiers and civilians summarized
Treasury outlines Victory tax and income tax rules for 1943 and 1944. Soldiers pay a 5 percent Victory tax on income over set thresholds with postwar rebates. civilians face income tax based on yearly earnings and base allowances. Exemptions apply for certain overseas service and specific non-salary pay. Form 1040A offered for simpler cases.
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Panama Canal Zone
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