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4525616
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Dental Assistants Speech, October 10, 1948
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4525616
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document
title
Dental Assistants Speech, October 10, 1948
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Gerald R. Ford Congressional Papers
Speeches
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Taxation
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4525616
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1948-10-31
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10
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1948
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1948-10-01
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10
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1948
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The original documents are located in Box D13, folder "Dental Assistants Speech, October
10, 1948" of the Ford Congressional Papers: Press Secretary and Speech File at the Gerald
R. Ford Presidential Library.
Copyright Notice
The copyright law of the United States (Title 17, United States Code) governs the making of
photocopies or other reproductions of copyrighted material. The Council donated to the United
States of America his copyrights in all of his unpublished writings in National Archives collections.
Works prepared by U.S. Government employees as part of their official duties are in the public
domain. The copyrights to materials written by other individuals or organizations are presumed to
remain with them. If you think any of the information displayed in the PDF is subject to a valid
copyright claim, please contact the Gerald R. Ford Presidential Library.
Digitized from Box D13 of The Ford Congressional Papers: Press Secretary and Speech File at the Gerald R. Ford Presidential Library
Dental assistants Speech 10/10/48
Revenue act of 1948
Enacted april 2, 1948.
I. Reduction of interedual income takes
a apply rates to tavable income of apply a
reduction pencentage to arrive at tax payable
(Tab not over $400 - % is 17%
Over $400 hit not over 100, 000 plus 12%
Over $100 000-$2,020 plus 9.75%
Persona with incomes of 2,000 or less atta deductions
evemptions -12. 6% reduction
$2,000 to #136, 700 -12.6 first $2,000 + +7.4 most
b). Personal shemptions - $500 to $600.
Old age 1 65 yrs an additional
Blend -
ej Standard Deduction
Prior Law- that $500 on income
more than 105,000
nevalow - $1000 or 10% of aljusted
H.W. can't one itemize & other was standard deduction
gross were whichered is less.
II Splitting of income between H. & W.
no tax saving if the combined net income in
excess of exemptions is not greater than $2,000.00
Fact that one House has MI income immaterial.
can't include earnings of a memor child
"all" encome.
BERALD FORD VIBRARY
H.H W. must file joint returns.
CERTO GROF +
Calculating the tax M
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asset amount mitabed I
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