Henderson daily dispatch., 1942-12-29
Victory Tax
Explained.
New Levy Goes Into
Effect January I, APP.
plies To All Earnings
Above SIP Weekly

iHFrol!S which close after Thurs
gay midnight of this week will show
me iirSt collection of the prv ,.ic,
'"'F taN of per cent of all carninyx
!" cNc"SS OF SIP Il week or $50 =
month according To Arthur X Sur
prise. secretary of the Henderson,
htinbrr of Commerce.
ne new tax was a part of thr ro-
l,''"" nli! of 1912 which was passed
'"'' III October by Congress.
IN many ways the new tax * sim,
I'D" I" The social security tax in lis
operation. but the victory tax m
''""r> many persons not covered Inv
'"riHI security. Employees of rhnrit-
""'' ana religious institutions mr.,
covered by the new tax law al,hnurh
h'N We're not included in the social
rcU"Ity law.
"v only persons who arc not sub
81 I" victory tax deductions are
''''Nr members of the Amrric.r
.'"''o forces. agricultural Labor
''ii'>tic help III private homes. cas-
""l iH"nr outside nf regular business
~ iiHd" and employees of fnrcirn
.':nm"nt> or their agencies
r'i!'WinG the war there is Ia br :,
'"hu "l ~ portion ut the tax. \ SIN
sc person Will be entitled Ia , rc-
''''" al nn"-i"urth at the tax whIIr
married person Will receive = re-
49, =, i""' 80 =" per cent OF the tax
I",'S l"r cent for each dependent
F"F phEr"il$ which extend over tine
January | date. employers will de-
quot only on the portion which !.
90 N'u IN 1913 on the first pIvrrlI
81" , vrr,, 1Inn,i.,, ,' ~ C'' i,''iS
r,-duy ms .,.n,..,,,,, i mi.'"Sh ""t-
- and In. nycr''t, "'''H M"Ee Is
-. div r,yLinr 81, ""u'o nc -
fer i,,. I.,s, ,,,. ICY tdN"pic
s,.,f,,-,j,., RI, w" NY; rri"''S ana
,..u,lra 80. 80 wei" re 'aN"niC
ia ,.r,- '"N "cuuc'ioh al
SOM. n,.,..,,,.
until ,bn r,d =, 81, -, wv, navy l" waH
.n,. .r,.turI -, :" secure
if,r -, tLn ,.',.,,,, "'. .,,, p"f-
can IN, ,I.,,,,,n,I w.. ~. ms Cr'"It
An. r,rri,,,. ,',,,,,. ,, N .,n ''i per.
rr:,is, -, ,.,,.,,,.,. ''' SUI III l't3
lr,lI,r Tiry ,,.'': , ,,'"' income TAX
+. TN. amnlI,, -, ,., '"',,. C,'''i' up
t,..,,.>.,,, -, I',,, S''"l" '"' me
IN r,r'r,.s ,,'i',,.,' n suit L''cc premiums
...,,f.r,,,,I - , WY: !" 'rice' ana
,n,n "ir'e"'cr' on
"A nix, ,,,..,.a ~. inc lcaNctl"n
and ,,.. ill.,. ,,,,.,L S'''''.'per l. I9f2.
..iI,.rr I0l2 W ""' ""'ioS
Tho rn,,. ,.;o,,..,.
Do. ..hi,, '.piy 'HN ucoucti"n Is
,.,.r ,,.,..,..,, L, '"u''V''oh Tor So
sin - ,rnnL ,ha " poiSol earning
,...l ..,.I o,,...r' ,,.,,i ~ '"A "c''uC-
~ cont Co.. ] %" 'ri'S' piuS
f.r..r d.8,,c,I,,r -, 10 | ~ W
BE- q. -rrrI,. ,.rs,., ,,.,,.I, @ ''''
Mil .,. ,.r.j,, ,,, ,.,,,,', N, '''''
90. IN, ~ 80. -, Io,i 9. Wv Wv"
ur,-rall com. g, v.col, r. an"
r..,i r.r-..r go. Lo..I ~, ','',
..,.,.. v,,r hc q, ,.rn,,;, ,'s!H'',''a
IL cent, . vyrrt ,I,,s :. o,' ",' "t
tn. r.x ,,r ,,rb Goro,dc,,, WIZ vi
In r,,irr nf ,bnsn 80 a.,
sam .,,.rr,n SiQ - l..c per
,,..r,lI r.,. sIE en- -, '"' - N,rNS
..rpI. n.,..nr ,,.,,,id 800 '"N' u.
u, Tho cr,i ~ ,h,, ,.,,., ''"tc 'Icult
vy4..I.. .r, ,,,',,.,.,oi -. 'o'"'''tE 'n'',
II rrii~,b,Id ,,.,,,,II 49, ' ~ ..,Hu W
,Gri MIN. .nn"m,.;' 'a, o,'"'' 81
l.. ,.rr d.nnr6o,, WINS
!Iy The ~auc prnccd,,rc , ,,o,...,,
earning $40 :, Wool, r.",,I5 ~. H, nn
cent. II week. mr. sac an ~ i"' :"
and d, srrnIr v.,,,Id h.,,.a -. 80.
u, Sill IN - ,,,.,,.,,nd sio-o '''''
pruE,m4,cly o. cont. fnr on,t, a. ,i
l,rG,u- W.
Euplryccs viU no ,bto >, r..
tract. ul their carnincs and do,,, CLIP
lions |, IN r,rnInynn - mu "',' '!,,-
ono cmuIryrr fnr ,nc ,,.hni" -. w,
the. ...,. -, tbc yc.,, bo ,'';iI ~ o.
, form. W ,Eo,,,,ro ~ w CIV"