Revenue Act of 1918 - Income Tax For Individuals

Income Tax For Individuals

A Normal Tax and a Surtax were levied against the net income of individuals as shown in the following table.

Revenue Act of 1918
Income Tax on Individuals

40 Stat. 1062

Net Income
(dollars)
Normal Rate
for 1918
(percent)
Normal Rate
for 1919, 1920
(percent)
Surtax Rate
(percent)
Combined Rate
for 1918
(percent)
Combined Rate
for 1919, 1920
(percent)
0 6 4 0 6 4
4,000 12 8 0 12 8
5,000 12 8 1 13 9
6,000 12 8 2 14 10
8,000 12 8 3 15 11
10,000 12 8 4 16 12
12,000 12 8 5 17 13
14,000 12 8 6 18 14
16,000 12 8 7 19 15
18,000 12 8 8 20 16
20,000 12 8 9 21 17
22,000 12 8 10 22 18
24,000 12 8 11 23 19
26,000 12 8 12 24 20
28,000 12 8 13 25 21
30,000 12 8 14 26 22
32,000 12 8 15 27 23
34,000 12 8 16 28 24
36,000 12 8 17 29 25
38,000 12 8 18 30 26
40,000 12 8 19 31 27
42,000 12 8 20 32 28
44,000 12 8 21 33 29
46,000 12 8 22 34 30
48,000 12 8 23 35 31
50,000 12 8 24 36 32
52,000 12 8 25 37 33
54,000 12 8 26 38 34
56,000 12 8 27 39 35
58,000 12 8 28 40 36
60,000 12 8 29 41 37
62,000 12 8 30 42 38
64,000 12 8 31 43 39
66,000 12 8 32 44 40
68,000 12 8 33 45 41
70,000 12 8 34 46 42
72,000 12 8 35 47 43
74,000 12 8 36 48 44
76,000 12 8 37 49 45
78,000 12 8 38 50 46
80,000 12 8 39 51 47
82,000 12 8 40 52 48
84,000 12 8 41 53 49
86,000 12 8 42 54 50
88,000 12 8 43 55 51
90,000 12 8 44 56 52
92,000 12 8 45 57 53
94,000 12 8 46 58 54
96,000 12 8 47 59 55
98,000 12 8 48 60 56
100,000 12 8 52 64 60
150,000 12 8 56 68 64
200,000 12 8 60 72 68
300,000 12 8 63 75 71
500,000 12 8 64 76 72
1,000,000 12 8 65 77 73
  • Exemption of $1,000 for single filers and $2,000 for married couples and head of family; $200 exemption for each dependent under 18.

Read more about this topic:  Revenue Act Of 1918

Famous quotes containing the words income, tax and/or individuals:

    The bread-winner must toil as in the fruitless effort of a troubled dream while the expenditure of an uneducated wife discounts the income in the lack of understanding to discern the broad possibilities of an intelligent economy.
    Anna Eugenia Morgan (1845–1909)

    What is the difference between a taxidermist and a tax collector? The taxidermist takes only your skin.
    Mark Twain [Samuel Langhorne Clemens] (1835–1910)

    The human plagiarism which is most difficult to avoid, for individuals ... is the plagiarism of ourself.
    Marcel Proust (1871–1922)