Page:United States Statutes at Large Volume 38 Part 1.djvu/185

166 SIXTY·THIRD CONGRESS. Sess. I. Ch. 16. 1913. F¤¤ ¥·¤—¤¤¤¤¤· r to an State or mrmici al co ration or inco rated religious _ md` sti>•§ei.)y, collzge, or other priiblic $litution incl1?di)ng stained or ainted window glass or stained or (painted glass wrndows imported go be used in houses of worship ’an excluding any artrcle, 111 whole or in part, molded, cast, or mechanically wrought rom metal within twenty years prior to importation; but such exemrprtron shall be subject to such regulations as the Secretary of the easury may prescribe- . . . W"' °' "‘ °'°** 656. Works of art (except and carpets), colleciiwlls 111 1ll¤S- wmwnmdm tration of the progress of € gtczrlis in marb1le,btc1‘1‘t: cotta arian tte or rce' is`can'ui ,anoec of art di ormimpghtalrychamcpger or educational valiie which shall have been produced more than one hundred years prior to the date of importation, but the free importation of such obyccts shall be subject to such regulations as to proof of antiquity as the Secretary of the may prescribe. Z•¤er- . er. _ 1330;] 5-;; SEUITON IL <>¤e mmt levied A. Subdivision 1. That there shall be_ levied, assessed, collected $1:* m°°°‘ °m` and paid annually upon the entire net mcome arising or accruing from all sources in the preceding calendar year to every citizen of the ·¤*¤· ¤·¤id·¤¤ United States, whether at home or abroad, and to every person residing in the United States, though not a citizen thereof, a tax of 1 per centum r annum upon such mcome, exceHt as hereinafter N¤¤¤=¤¤¤¤*¤- provided; and a tax shall be assessed, levied, co ected, and paid annually upon the entire net mcome from all properéy owned and of every business, trade, lor profession carried on in the mted States by persons residing elsew ere. Ad<ii¤¤¤¤1 wx en Subdivision 2. In addition to the income tax provided under this l£3;"&i¤°l° °'°°°°u"g section (herein referred to as the normal income tax) there shall be levied, assessed, and collected upon the net income of every individual Been an additional income tax (herein referred to as the additional tax) of ` 1 per centum per annum upon the amount by which the total net income exceeds $20,000 and ces not exceed $50,000, and 2 per centum per annum upon the amount by which the total net income exceeds $50,000 and oes not exceed $75,000, 3 per centum per annum u on the amount by which the total net income exceeds $7 5,000 and dloes not exceed $100,000, 4 per centum per annum upon the amount by which the total net income exceeds $100,000 and does not exceed $250,000, 5 percentum per annum upon the amount by which the total net mcome exceeds $250,000 and does not exceed $500,000, and 6 per centum per annum upon the amount by which the total net income exceeds $500,000. All the provisions of this section relating to individuals who are to be chargeable with the normal income tax, so far as they are applicable and are not inconsistent with this subdivision of paragraph A, apply to the levy, assessment, and collection of the barsggmn returns an additional tax imposed under this section. _ Every person subject to “‘ "· this additional tax shall, for the p1u·pose of its assessment and collection, make a personal return of his total net income from all sources corporate or otherwise,{or the preceding calendar year, under rules and md. mm me I regéulatrons tg lac rzrlpscéralgedtby th? zlipmrlxssroner 0% Internal Revenue; - W van a rove y e re o e as . orthe oseo ?$i»;`;•tii1a§dm¤YurKg°ii this additional the taxabiliiyincome of anyuinyclividual shaliludirrirbrace the share to_wh:1ch he would be entitled of the ains and profits, if divided or distributed, whether divided or distributed or not, of all corporations, ]omt·stock G0?&!11&, or associations however created or organized, formed or fraud ently availed of for the p of preventmgthe rmdposrtron of such tax through the medium oi ermitting such gains an tpfoiits to accumulate instead of divided or dis» tributed; and e fact that any such corporation, goint-stock com-