Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-08
SECURITY FOR YOU
100000
Move Into
Program
BY RAY HENRY

Income tax time has new
meaning this year for about
100000 self-employed profess
sional people who were brought
under Social Security by Con-
|gress in 1856.
For. it's then that they must
mail their first Social Security
tax payments to the Govern
Iment-along with their Federal
Income tax returns.
The professional people af-l
Ifected are self-employed lawyers,
dentists, osteopaths, veterinar-
ians, chiropractors. naturopathsI
and optometrists.
If you're one of these neN
members Of the Social Security
family, you'll probably have to
take two steps to prepare for
making your tax payment:
/. Get a Social security num-
Der from your nearest Soci2.
Security Office. The number is
necessary because it must be
listed on the special Social Sc
Icurity tax form which you must
file with your tax payment. If
you've already got a number,
you should use it rather than get
a new one. If you were given a
number. but have lost track of
1T, your Social Security Office can
give it to you.
Be Sure to Fill Out Form
2. Fill out the special Social
Security tax form which you
should have received last week
as part of your regular Federal
income tax package. (Only per-
sons among the newly-covered
professional people who don't
have to complete the form are
those with net earnings in 1856
Iof less than $400.)
This form must be mailed with
your income tax form and your
Social Security payment to your
district director of the Internal
Revenue Service by April is.
1857.
Once you figure out your net
earnings, the task of figuring
out your Social Security for 1856
will be fairly simple. The tax
will be 3 per cent of the first
$4,000. For example: If your net
earnings was $4,000, your tax
payment will be $l26.
| The Social Security tax on
your net earnings in 1857 will
be 33s of the first $4,000. Peri.
odic increases from 1860 to 1875
will eventually bring your tax
to 63s per cent on your earnings
up to $4,000
! Whatever the amount OF the
Social Security tax, you'll be
expected to include a check, a
money order or cash to cover
it when your return your tax
form.
Basis of Benefits
Although you make the pay
ment and send the special tax
form to the Internal Revenue
Service. both will be turned over
to the Social Security Admins
tration within a few months
after you send them in.
4 On the basis Of the form and
the payment. your future Social
Security benefits are figured. OF
course, your past Social Security
payments. if you made any, and
those you'll make in the future
will all be a part Of record on
which the benefits are based.
I Chances are. in fact, you al
ready have accumulated Social
Security credits. If you worked
in a job covered by Social Sc
curity before you entered your
present profession. you have.
Also, if you served on active
duty in the armed forces after
September IS, 1910. you have
credit toward future benefits. UNI
less the same period of active
duty is counted toward certain
other Government benefits.
You may write Ray Henry in
care Of this newspaper about
your own Social Security or re-
tirement problem. Please enclose
ia stamped. self-addressed en-
velope and 25 cents in coin.)
tFrom N Newsfeatures)
i The next Security for You column will
oppeor Thursday.