WHAT IT WILL COST
Under the new tax bill which the President signed this week, U.S. income taxes are raised about 50%, from $2,223,300,000 to $3,367,900,000. The new burden falls most heavily on people with incomes under $15,000, who will pay from two to eight times as much next year as they paid in 1941. What a married couple without dependents will have to pay next year, as compared with this:
Income 1941 1942
S 1,600 $ $ 6
2,000 42
2,500 11 90
3,000 31 138
4,000 70 249
5,000 110 375
7,500 275 770
10,000 528 1,305
15,000 1,258 2,739
20,000 2,336 4,614
25,000 3,843 6,864
50,000 14,128 20,439
100,000 43,476 52,704
500,000...
