The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-02-07

tru,,.s c,.,., A.. -. ,,non tho erst
900 % ,, 'no si,a,, he
No. oon,,,u,
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sVuTAN.
Sec. I'll GAY That, in lieu of the
taxes imposed by subdivision OBJ of
section 1 of the revenue act OF 1916 and
by section 2 Of the revenue act Of 1917,
but In addition to the normal tax i'm
posed by section 40 Of this act. there
shall be levied, collected and paid for
each taxable year upon the net income
OF every individual. q surtax equal to
the sum OF the following: Percentages
below $4,000 are tabulated elsewhere.)
not exceed $4,000;
IS per centum of the amount by which
the net income exceeds 1000 and does
not exceed $4,000;
rs per centum of the amount by which
tho net income exceeds $4,000 and does
not exceed $4,000:
81 per centrum OF the amount by which
the net income exceeds 366, 900 and does
not exceed SIS, 900;
rs per centum OF the amount by which
the net income exceeds $5S,000 and does
not exceed 10000:
20 per centum Of the amount by which
the net income exceeds $50, 900 and does
not exceed $4,000;
30 per centum Of the amount by which
the net income exceeds $4,000 and does
not exceed $4,000;
81 per centum Of the amount by which
the net income exceeds $4,000 and does
not exceed $4,000:
SO per centum of the amount by which
the net income exceeds $66, 900 and does
not exceed $4,000:
SO per centum Of the amount by which
the net income exceeds SIS, 900 and does
not exceed $4,000:
"a per centum of the amount by which
the net income exceeds $4,000 and does
not exceed $4,000.
35 per centum of the amount by which
the net income exceeds $4,000 and does
not exceed $4,000;
SO per centum Of the amount by which
the net income exceeds $4,000 and does
not exceed $4,000;
81 per centum of the amount by which
the nct income exceeds SIC, 600 and does
not exceed $4,000;
80 per centum of the amount by which
the net income exceeds SIS, 900 and does
not exceed $4,000:
80 per centum OF the amount by which
the net income exceeds $50, 0oo and does
not exceed $4,000;
40 per centum OF the amount by which
the net income exceeds $4,000 and does
not exceed $4,000;
II per centum Of the amount by which
the net income exceeds $4,000 and does
not exceed $4,000:
~ per centum Of the amount by which
.ne net ineo,ne exceeds *sS'ooo and does
not exceed $SS,ooo:
~ per centum OF the amount by which
the net income exceeds $4,000 and does
not exceed *so'ooo:
per eentuh' Oh tne amount by winch
VIC het ihSo,ne exceeds sso'ooo ana does
'o. eNceu ssl,ooo
ui VI tne a,nount oy which
80 ...e ~ .I,V .n. 49, S'-'VVV ana Goes
''' s.!,voo:
~, p ,, o.sul VI we srnoun, oy "nicn
n ~. $3.50 ,o. .oe 90 S'''"oo ana does
~. ,'v,Vov
Tho ret inoor,n oosa. coz Az os "nlen
not exceed $4,000:
the net income exceeds $4,000 and doe,
not exceed 100000:
81 per centum OF the amount by which
the net income exceeds 100000 and
does not exceed s150.000
Sc per centum OF the amount by which
the net income exceeds $l50,000 and
does not exceed 100000;
SO per centum OF the amount by which
the net income exceeds 100000 and
does not exceed 100000
So per oentum Of the amount by which
the net income exceeds 100000 and
| does not exceed 100000;
81 per centum OF the amount by which
the net income exceeds 100000 and
| docs not exceed 100000.
IS per centum OF the amount by which
the net income exceeds 81 100000.
tb) In case Of bona ade sale O.
mines. oil or gas wells or any interest
therein where the principal value OF the
| property has been demonstrated by
prospecting or exploration and discovery
work done by the taxpayer the portion
| Of the tax imposed by this section at
trioutable to such sale shall not exceed
20 per centum Of the selling price o,
such property or interest.
ANoH DEFANED'
| Sac e1o "a, Tha, 4, N. c.o =, =,
Individual the tern, wet ,,co-,.,.
the gross income as defined in section
section PA.
tb) The net income shall be CON
| puted upon ihe basis OF the taxpayer
annual accounting period (fiscal year o.
calendar year. as the case may oe) Il
accordance with the method of account
ing regularly employed in keeping tn,
books OF such taxpayer: but II no sucl
method OF accounting has been 80 EN-
pioyed or II the method employed doe
not clearly reflect the income the com
putation shall be made upon such basi
and In such manner a. In the opinion
OF the commissioner does clearly renee
the income. II the taxpayers annua
accounting period Is other than fsca