New Britain herald., 1924-02-20
Normal Tax
.ection 21u.

Normal Tax
 Section 21U.
 tAl in lieu of the tax imposed by section 2f8 of the revenue act Of 1921, ther, shall be levied. collected. and paid for each taxable year upon the n.l income of every citizen or resident of the United States a normal tax eonal to the sum of the following:
 G) , percentum of the amount by which the net income exceeds the credits provided in section 2l6 and does not exceed s5,000:
 t2) percentum of the amount by which the net income exceeds 5000 and does not exceed sS,000: and
 tS) G percentum of the amount by which the net income exceeds sS.0oo
 CB) in licu of the tax imposed by section al0 of the revenue act Of 1921, there shall be levied, collected, and paid for each taxable year upon the net income Of every nonresident alien (other than a resident Of a con- tiguous country a normal Of per centum of the amount Of the net in- come in excess of the credits provided in section 2l6:
 co in lieu Of the tax imposed by section 2l0 of the revenue act of 1921, there shall be levied, collected, and paid for each taxable year upon the net income of every nonresident aiien individual. a resident Of a contiguous country. a normal tax equal to the sum Of the following;
 CD Two percentum Of the amount of the net income attributable to wages. salaries, professional fees or other amounts received as compensa- ton for personal services actually per formed in the United States in excess Of the credits provided in subdivisions td) and Co of section e16; but the amount taxable at such per centum rate shall not exceed S4.000; and
 co Six per centum Of the amount of the net income in excess of the sum of ta) the amount taxed under paragraph G), plus tb) the credits provided in section ZIG.
 Strike out lines l9 to 25, inclusive. page 30; lines to 24, inclusive, page Sl: lines to 16, inclusive, page S2' lines to 2. inclusive, page SS, and insert in lieu thereof the following:
 SECTION 2lt.
 tal In lieu of the tax imposed by section e1l of the revenue act of 1921. hut in addition to the normal tax i'm posed by section 2l0 of this act, there shah be levied collected and paid for each taxable year upon the net in come Of every individual surtaN equal to the sum Of the followmg
 per crntum Of the amount by which tho net income exceeds sl2,0oo ana does not nNeoed sii,0ooi
 per centum Of the amount by which the net income exceeds sli,ooo end docs no, exceed siG.ooo;
 8 per reutum of tho amount by which the net income exceeds sl6,o00 and does not exceed siS,U00;
 | per pentum Of the amount by N hich the net income exceeds sls,ooo and does not exceed s2o,00o; Five per centum Of the amount by which the net income exceeds s20,o0o and does not exceed s22,000; SiS per centum of the amour; hy which the net income exceeds s22,ooo and does not exceed s2i,o00
 Seven per centum of the amount by VI hich the net income exceeds S24,Ope and docs not exceed s2G 900; Eight per centum Of the amount by which the net income exceeds s26,000 and does not exceed s2s.0o0: Nine per centum Of the amount by which the net income exceeds s2S.e0o and does not exceed s30.0oO; Ten per centum of the amount by which the net income exceeds s3o.oOo and does not exceed sS2, 2,00o: Eleven per centum of the amount by which the net income exceeds s32.o00 and oes not exceed ss4,000; Twelve per centum Of the amount by which the net income exceeds s34,-