War Revenue Act of 1917 - War Income Tax For Individuals

War Income Tax For Individuals

In addition to the Normal Tax and an Additional Tax levied against the net income of individuals in the Revenue Act of 1916 a "like normal" tax and a "like additional" tax were levied against the net income of individuals as shown in the following table.

Revenue Act of 1917
War Income Tax on Individuals

40 Stat. 300

Tax Rates from 1916 Act Tax Rates from 1917 Act
Net Income
(dollars)		 Normal Rate
(percent)		 Additional Rate
(percent)		 Like Normal Rate
(percent)		 Like Additional Rate
(percent)		 Combined Rate
(percent)
0 2 0 2 0 4
5,000 2 0 2 1 5
7,500 2 0 2 2 6
10,000 2 0 2 3 7
12,500 2 0 2 4 8
15,000 2 0 2 5 9
20,000 2 1 2 7 10
40,000 2 2 2 10 16
60,000 2 3 2 14 21
80,000 2 4 2 18 26
100,000 2 5 2 22 31
150,000 2 6 2 25 35
200,000 2 7 2 30 41
250,000 2 8 2 34 46
300,000 2 9 2 37 50
500,000 2 10 2 40 54
750,000 2 10 2 45 59
1,000,000 2 11 2 50 65
1,500,000 2 12 2 50 66
2,000,000 2 13 2 50 67
  • Exemption of $3,000 for single filers and $4,000 for married couples or heads of household.

Read more about this topic:  War Revenue Act Of 1917

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