Evening Republican, Volume 21, Number 202, Rensselaer, Jasper County, 4 September 1918 — $24,595 IS WILSON’S TAX ON SALARY. [ARTICLE]

$24,595 IS WILSON’S TAX ON SALARY.

• Washington, Sept 3.—President Wilson’s income tax on his >75,000 salary will be >24,595 under the new revenue bill introduced into the House today. All other federal officials, as well as ‘those holding state and municipal offices, who have been exempt under previous laws, will be called upon to pay under the new law. The President is entitled to an exemption of >2,000 on account of being married. His income tax will be compiited as follows: Normal tax—6 per cent of >4,000, >240; 12 per cent on >69,000, >8,280; total normal tax, >8,520. Super-tax—2 per cent on >2,500, >SO; 3 per cent on >2,500, >75; 7 per cent on >5,000, >350; 10 per cent on >5,000, >500; 15 per cent on >IO,OOO, >1,500; 20 per cent on >lO,000, >2,000; 25 per cent on >IO,OOO, >2,500; 32 per cent on >20,000, >3,200; 38 per cent on >IO,OOO, >3,800; 42 per cent on >5,000, >2,100. Total super-tax, >16,075; total both taxes, >24,595.