§ Q5] TITQE 26.-JNTE1 · -4: come deductions. It tho taxpayevs net income is not more {hoo $5,000, his entire not income shall bé considered to be earned not income, and if his net income is more than $5;000, his? earned not income shall not bc considered to be loss than $5,800. In no césé shall the `eamed. pet income be considered to be néme than $16,000. " . __ `" I A (b). ,1 tho oasé dotan fiudividnal the td: shall, in addition to. tlié— _ provided in qsectiou 963, be credited with 25_ por coutum of the amount of tax whichf would be payable if his earned net income constituted his entire het income; but in ino case shall the credit allowed under this subdivision oxcood 25 per contum of his tax undér section 951. · o ‘ » {:2) In the base of tho members of a partnership. the`propé1· part of each share of the not imzome which consists of earned incomes shall be dgtermined under-·.rulés and regulations to bc ivrescribed by the Commissioner of Iqtcrual Revenue with ite approval of the Secretary of the Treasury and shall be sopardtoly shown in the return of. the partnershipj nod shall be taxed ‘t0 the member és provided in section 959. · (Juno 2, 1924, 4.01 p. m., c.· 234, S 209§ 43 263.) d` ·
Part II.--INDIVIDUALS _ .
V. Section 951. Normal tax rates; aliens "reoidonits of contiguous co¤¤trl?.——~( a) There shall bd levied, collected, and paid for ack taxab é . year upon the · net income ot. ever? individual (except as provided in .subdivisio¤_ (.b) ot this section;) a normal tot of 6 per ~ceut1im of the amoj¥t of `tihc. not income ia excess of the credits provided in soot on 957 of this title, except that in the case of a citizen or resident of thé United Statw the rate upon the &.§rst— $4;000 oi such excess amount shall be 2 per ceumm, and upon the ne;t $4,000 ofs1ich‘ excéss · amount mail be 4 per i'5€Rt11Il\`§ _ _. · . D ‘- {b) In lieu ot the tax imposed by subdivision (u), there. man i>e`1evied, ¢¤ue¤¢ea";· ma paid mr mn taxablé 1 upon · tw neg iaoomc ot every nonresident- alién individ¤gZ1?harésideag of a contiguous country, a normal tux equal t the sumkof the following: ‘ . “ ‘ 1 ._ · (1) 2 per oeutumot the amount by which the! port of the `net iooomo attrilgotnble to wdgesg salaries, professional fees, or othox amogmis xteocived as oompensotion 'fo1’.`p0!dSOI1§};__ sepvmed actumiy performed ig; the United States, exceeds the crédiio provided in aubdivisions (d) and (c) of section 957 ;‘ but tho amou t taxable at such 2 pcrkceutqm rata shui! not. ¢¤¢<>¢d4$4.96¤: » . ~ .· ‘ 1 -’ ‘ `(2) 4 per oentuni ot the amoumqby. which such out of the yuet exceeds the sum of (A) the credits provided ih subdivisions (d)’ and (c).of sectiou'957, plus` (B) $4,000; but the aowamf taxable at such 4 per coutum rate shall not exceed $4 ;am1 d_ · d "‘ vv » “‘ (3) 6 omtum of the amoxmtjot tho not income in excess ot tho som of (1A)_plw~a1qcm1t_£ax&d under pmjagrahhs (1) and Y2), I pigs H13) the credjga providw in saction 216. (Juno 2,
4.91};, mo, c. { 210, 43 S¥;d£.;»·264.) I · S . -
1 952. Sartax; nt&; Edo ighs of ming, oil or gas wclk.—————(a)* In addition to the oormal tax imposed bi seotion ~ 95roi this title; there shall be Ieyiw, collected, and mid for
each to xablo yar upon the ‘ not income. of every individual
g éurta: as follows: » I t _ .-V- Upon d not ihcomo of sn t};zoro`shpll be H0‘,_,B\11’t8X§`j» upon not iocomm to www of $19,600 and not in oxécso of. $14,066, 1 Jgord centum of puck excess. ' ` $40 upon doot incomes ot $14,G®;» and upon hot `iucomw in exams of $14,080 and uw in oxcm ob $18,,00, 2 pér centum iuudditiodnoisuohexcess. `· `
awa mt incomes of $16,000; n12d$_upo¤» not Jucoma in
exam ot $1d,$w and not in excasoi $18,000, 3 por ceumm-Q in addition oi awbd cxooas. ' _
FINAL REVENUE . 814 $140 upon inet incomes fof $18,000; and upon not incomes io excess of $18,000 hud not in excess of $20,000, 4 p0fi;·eintum in addition ot such excess.! ” $220 ,upon net incomes of $20,000; and upon net incomes ih excess of $20,000 and act in “`cXCe·%,0f $22900, ·5 pct ccxsmo, in addition ‘of such excess. · _ - $320 upon net incomes of $22,000*; and upon net incomce; in excess ot $22,000 mid not in exceso of $24,000, 6 per cemom in addition of such excess. ‘ { { , $440 open net incomes ot $24,000; and upon net incomes in ‘étcess" of $24,000 arid fnpt in excess of, $26,000, 7 per cenmm iii addition of such excess. · `$580;1ipou net incomes of $20,0M: and upon net incomecm excesé ot $26,000 and not-in excess of $28,(.»••0, 8 per cemizm · in addition of such excesgs. · ‘ ° · Q $740 upon nef incomes! of $28,000; and upon net incomes ie gexccse of $28,000 and nof in excess ot $30,000, 9 'pcr eeotom Qin` addition of such excess. . 5 ° d 0 $920 upou_ net incomes of $30,000; and upon net incomes in `exccss of $30,000·_and not in excess •t $34,000, 10 per ceotum iu addition of such excess. · - ~ }__ _' 0 $1,320 upon incomes ot $4,000;. and upon net i¤ in
excess of $34,000 and not in excess of $36,000, 11 per centum ip addition of such excem, _ 8 _ ‘
[ $1,540iup0n het inconiecof $36,000; and. upon net inceme·s_i1z excess of$36,000 and not in excess of $38,000, 12 per cexxmm ih addition of Buch excess. . _ ` _ . 0
1,780 upon net incomes of $88,000; and upon iiet income; ie
ex ss. of $38,000 and notain excess ot $42,000, 13 {Ser ccntom in e dition ot sucb_ excess. l _ _ . $2,300 Q upon net ind>mes,d' and upon net iqcomes in excess of $42,000 yd not in excess ot $44,000, 14 pct cwtuen in ’additio¤,ot such excess. ,_ · · K · · $2,580 upon net incomes. of $44,000; and upon act lncorgeo in N excess of $44,000 and not in excess of $40,000,15 per centum - ineddition of such excess. I _ c x , _ e ` ‘ $2,880`_i1p0n net incomes ·ot $40,000;; and ugoétnet incomes in excess of $40,000 and not in excess of $48,000, 16 per centum -in addition of seep excess. · c· . ' . X $3,200,11pon het incomes ot. $4$»000§ and upon act iécomee in excess of $48,000 and inet in excess ot_ $50,000, 17 per centum in addition of such excess. _ - · »- . _ ` $3,540 upon netoqincomes of _ $50,000; end npoo net jocomcs Qin excese of $50,000 ind not inexceos oi $52,000, 18 pexicentum in addition of such excem. “I ‘ , ` ‘ _ ‘ J $3,900 upon net incomes of endaupon not incomes in excess of $52,000 and not in egcess of $50,000, 10 per centum in' addition of such excess. ‘ __ . _ ‘ $4,660 upoxi net i¤com& ot $50,000; and upw ¤§f,iueo,mes\{¤ excess ot $56,000 nod not in excess of $58.000, w. per ceotm in·a¢1ditio¤._0t sumexcegj . ‘ ’ ` $5,060 upon net incomes of $58,000; and upon ncbioeomee in excess. ot $58,000 end not ixrexcess ot $02,000, 21 per ceotum in addition of Stack excess. _ k . { c $5,900j'nQnpon not incomes of $62,000; and upon net incomes ini, excess_`o`t and not in exceso of $64,000, 22 per centum in Addition, of such excess. _ » · . . t . — $6,340 upon cet of $64,000; and upon oct incomes in excess of edd not in excess of $06,000, Q per centum ig addition of seek excwsl _- , ‘ ‘ . $0,800 upon ue; in of $06,000; apdaxpon net incomes in_ exceu ot $66,000 end' not in exceed of $%,30®, 24 pee ceutum , in`•dd1uon.ot epchexcees, _ _ · ‘ 0 0 ‘· $7,@0 upon act incemeeot $08,000 ;` and open met incomes hi excess ot, $w,000 tend not in excess of $70,000, %» per centum c in addition og such excess, ‘ 0 ‘ `
