text:
Page:United States Statutes at Large Volume 83.djvu/707

 83 STAT. ]

PUBLIC LAW 91-172-DEC. 30, 1969

679

"SECTION 1. TAX IMPOSED. "(a)

MARRIED INDIVIDUALS FILING JOINT KETURNS AND SUEVIVINQ

SrousES.—There is hereby imposed on the taxable income of— "(1) every married individual (as defined in section 143) who makes a single return jointly with his spouse under section 6013, and " (2) every surviving spouse (as defined in section 2(a)), A tax determined in accordance with the following table: "If the taxable income i s: Not over $1,000 Over $1,000 but not over $2,000 Over $2,000 but not over $3,000 Over $3,000 but not over $4,000 Over $4,000 but not over $8,000 Over $8,000 but not over $12,000 Over $12,000 but not over $16,000— Over $16,000 but not over $20,000— Over $20,000 but not over $24,000— Over $24,000 but not over $28,000— Over $28,000 but not over $32,000— Over $32,000 but not over $36,000— Over $36,000 but not over $40,000— Over $40,000 but not over $44,000— Over $44,000 but not over $52,000— Over $52,000 but not over $64,000— Over $64,000 but not over $76,000— Over $76,000 but not over $88,000— Over $88,000 but not over $100,000Over $100,000 but not over. $120,000Over $120,000 but not over $140,000Over $140,000 but not over $160,000Over $160,000 but not over $180,000. Over $180,000 but not, over $200,000Over $200,000

The tax i s: 14% of the taxable income. $140, plus 1 5 % of excess $1,000. $290, plus 16% of excess $2,000. $450, plus 17% of excess $3,000. $620, plus 19% of excess $4 000. $1,380, plus 22% of excess $8,000. $2,260, plus 2 5 % of excess $12,000. $3,260, plus 2 8 % of excess $16,000. $4,380, plus 32% of excess $20,000. $5,660, plus 36% of excess $24,000. $7,100, plus 3 9 % of excess $28,000. $8,660, plus 4 2 % of excess $32,000. $10,340, plus 4 5 % of excess $36,000. $12,140, plus 4 8 % of excess $40,000. $14,060, plus 50% of excess $44,000. $18,060, plus 5 3 % of excess $52,000. $24,420, plus 5 5 % of excess $64,000. $31,020, plus 5 8 % of excess $76,000. $37,980, plus 60% of excess $88,000. $45,180, plus 62% of excess $100,000. $57,580, plus 64% of excess $120,000. $70,380, plus 66% of excess $140,000. $83,580, plus 6 8 % of excess $160,000. $97,180, plus 69% of excess $180,000. $110,980, plus 70% of excess $200,000.

over over over over over over over over over over over over over over over over over over over over over over over over

Ante, Ante,

p. 677. p. 675.

Post,

p. 682.

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text:
Page:United States Statutes at Large Volume 83.djvu/708

 680

Post, p. 683.

PUBLIC LAW 91-172-DEC. 30, 1969

[83 STAT.

''(b) HEADS OF HOUSEHOLDS.—There is hereby imposed on the taxable income of every individnal Avho is the head of a honsehold (as defined in section 2(b)) a tax determined in accordance with the following table: "If the taxable income i s: Not over $1,000 Over,$1,000 hut not over.$2,000 Over $2,0<X) but not over.$4,000 Over $4,(K)0 but not over $6,000 Over.$6,0(K) but not over.$8,000 Over $8,0(H) but not over $10,000___ Over $10,000 but not over $12,000_Over $12.0(K) hut not over $14.000_Over $14.(X)0 hut not over $16,000— Over $16,000 but not over $18,000__ Over $18,000 hut not over $20,000_Over $20,000 but not over.$22,000_Over,$22,000 hut not over $24,000__ Over $24,000 but not over $26,000_Over $26,000 hut not over $28,000— Over.$28,000 hut not over $32,000— Over $32,000 but not over.$36,000— Over $,36,000 hut not over,$38,000— Over,$38,000 hut not over $40,000— Over,$40,000 hut not over $44,000-Over $44,000 but not over $.50,000— Over $50,000 hut not over $52,000— Over $52,000 hut not over.$64,000— Over $64,000 but not over $70,000— Over $70,000 but not over $76,000— Over $76,000 hut not over $80,000— Over.$80,000 hut not over $88,000— Over $88,000 but not over $100,000Over $100,000 but not over $120,000Over $120,000 hut not over,$140,000_ Over $140,000 hut not over $160,000Over $160,000 but not over $180,000Over $180,000

The tax i s: 14% of the taxable income. $140, plus 16% of excess over $1,000. $300, plus 18% of excess over $2,000. $060. plus 19% of excess over .$4,000. .$1,040, plus 22% of excess over .$6,(X)0. $1,480, plus 2.3% of excess over $8,000. $1,940, plus 2.")% of excess over $10,000. $2,440, plus 27% of excess over $12,000. $2,980, plus 28% of excess over $14,000. .$3.-540, plus 3 1 % of excess over $16,000. .$4,160, plus 3 2 % of excess over $18.0(X). .$4,800, plus 3.")% of excess over $20,000. $."),.500, plus 36% of excess over .$22,000. $6,220, plus 3 8 % of excess over .$24.0(X). $6,980, plus 4 1 % of excess over $26,000. $7,800. plus 42% of excess over $28,000. $9,480, plus 4 5 % of excess over .$32,000. $11,280, plus 48% of excess over $36,000. $12,240, p l u s 5 1 % of excess over ,$38,000. $13,260, plus 52% of excess over ,$40,000. $15,340, plus,55% of excess over $44,000. $18,640, plus -56%, of excess over $50,000. $19,760, plus 5 8 % of excess over $52,000. ,$26,720, plus 59% of excess over ,$64,000. ,$,30,260, plus 6 1 % of excess over $70,000. $33,920, plus 62% of excess over $76,000. .$36,400, plus 6 3 % of excess over $80,000. $41,440, plus 64% of excess over ,$88,000. ,$49,120, plus 66% of excess over $100,000. .$62,320, plus 67% of excess over $120 000. $75,720, plus 6 8 % of excess over $140,000. ,$89,320, plus 69% of excess over $160,000. $103,120, plus 70% of excess over $180,000.

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license: Creative Commons - Attribution Share-Alike - https://creativecommons.org/licenses/by-sa/4.0/


text:
Page:United States Statutes at Large Volume 83.djvu/709

 83

STAT.] "(c)

PUBLIC LAW 91-172-DEC. 30, 1969

UNMARRIED INDIVIDUALS (OTHER T H A N SURVIVING SPOUSES

AND HEADS OF HOUSEHOLDS).—There is hereby imposed on the taxable income of every individual (other than a surviving spouse as defined in section 2(a) or the head of a household as defined m section 2(b)) who is not a married individual (as defined in section 143) a tax determined in accordance with the following table: "If the taxable income i s: Not over Over $500 but not over $1,000 Over $1,000 but not over $1,500 Over $1,500 but not over $2,000 Over $2,000 but not over $4,000 Over $4,000 but not over $6,000 Over $6,000 but not over $8,000 Over $8,000 but not over $10,000— Over $10,000 but not over $12,000— Over $12,000 but not over $14,000— Over $14,000 but not over $16,000— Over $16,000 but not over $18,000— Over $18,000 but not over $20,000— Over $20,000 but not over $22,000— Over $22,000 but not over $26,000— Over $26,000 but not over $32,000— Over $32,000 but not over $38,000— Over $38,000 but not over $44,000__ Over $44,000 but not over $50,000— Over $50,000 but not over $60,000— Over $60,000 but not over $70,000— Over $70,000 but not over $80,000— Over $80,000 but not over $90,000__ Over $90,000 but not over $100,000Over $100,000 "(d)

681

Post,

p, 682.

Ante,

p. 677.

Ante,

p. 675.

The tax i s: 14% of the taxable income. $70. plus 15% of excess over $500. $145, plus 16% of excess over $1,000. $225, plus 17% of excess over $1,500. $310, plus 19% of excess over $2,000. $690, plus 2 1 % of excess over $4,000. $1,110, plus 24% of excess over $6,000. $1,590, plus 2 5 % of excess over $8,000. $2,090, plus 27% of excess over $10,000. $2,630, plus 29% of excess over $12,000. $3,210, plus 3 1 % of excess over $14,000. $3,830, plus 34% of excess over $16,000. $4,510, plus 36% of excess over $18,000. $5,230, plus 3 8 % of excess over $20,000. $5,990, plus 40% of excess over $22,000. $7,590, plus 4 5 % of excess over $26,000. $10,290, plus 50% of excess over $32,000. $13,290, plus 5 5 % of excess over $38,000. $16,590, plus 60% of excess over $44,000. $20,190, plus 62% of excess over $50 000 $26,390, plus 64% of excess over $60,000. $32,790, plus 66% of excess over $70,000. $39,390, plus 68% of excess over $80,000. $46,190, plus 69% of excess over $90,000. $53,090, plus 70% of excess over $100,000.

MARRIED INDIVIDUALS F I L I N G SEPARATE RETURNS; ESTATES

AND TRUSTS.—There is hereby imposed on the taxable income of every married individual (as defined in section 143) who does not make a single return jointly with his spouse under section 6013, and of every estate and trust taxable under this subsection, a tax determined in accordance with the following table: "If the taxable income i s: Not over $500 Over $500 but not over $1,000 Over $1,000 b u t not over $1,500 Over $1,500 but not over $2,000 Over $2,000 b u t not over $4,000

The tax i s: 14% of the taxable income. $70, plus 1 5 % of excess over $500. $145, plus 1 6 % of excess over $1,000. $225, plus 17% of excess over $1,500. $310, plus 1 9 % of excess over $2,000.

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text:
Page:United States Statutes at Large Volume 83.djvu/710

 PUBLIC LAW 91-172-DEC. 30, 1969

682

'If the taxable income i s: Over $4,000 b u t not over $6,000 Over $6,000 but not over $8,000 Over $8,000 b u t not over $10,000-_ Over $10,000 but not over $12,000__ Over $12,000 b u t not over $14,000— Over $14,000 b u t not over $16,000-. Over $16,000 b u t not over $18,000__ Over $18,000 b u t not over $20,000__ Over $20,000 b u t not over $22,000— Over $22,000 but not over $26,000— Over $26,000 b u t not over $32,000— Over $32,000 b u t not over $38,000__ Over $38,000 b u t not over $44,000-_ Over $44,000 b u t not over $50,000— Over $50,000 b u t not over $60,000— Over $60,000 b u t not over $70,00€— Over $70,000 b u t not over $80,000— Over $80,000 but not over $90,000— Over $90,000 b u t not over $100,000_ Over $100,000 68A Stat. 8.

26 USC 2.

The tax i s: $690, plus 2 2 % of $4,000. $1,130, plus 2 5 % of $6,000. $1,630, plus 2 8 % of $8,000. $2,190, plus 3 2 % of $10,000. $2,830, plus 3 6 % of $12,000. $3,550, plus 3 9 % of $14,000. $4,330, plus 4 2 % of $16,000. $5,170, plus 4 5 % of $18,000. $6,070, plus 4 8 % of $20,000. $7,030, plus 50% of $22,000. $9,030, plus 5 3 % of $26,000. S12,210, plus 55 7o of $32,000. $15,510, plus 5 8 % of $38,000. $18,990, plus 60% of $44,000. $22,590, plus 02% of $50,000. $28,790, plus 04% of $60,000. $35,190, plus 6 6 % of $70,000. $41,790, plus 0 8 % of $80,000. $48,590, plus 69% of $90,000. $55,490, plus 70% of $100,000."

[83 STAT.

excess

over

excess over excess over excess over excess over excess over excess over excess over excess over excess over excess over excess over excess over excess over excess over excess over excess over excess over excess over excess over

(b) DEFINITIONS AND SPECIAL RULES.—Section 2 (relating to tax in

case of joint return or return of surviving spouse) is amended to read as follows: "SEC. 2. DEFINITIONS AND SPECIAL RULES. "(a)

Ante,

p. 679.

26 USC 152.

Ante, 676.

p p. 675,

DEFINITION

OF SURVIVING

SPOUSE.—

"(1) IN GENERAL.—For purposes of section 1, the term 'surviving spouse' means a taxpayer— " (A) whose spouse died during either of his two taxable years immediately preceding the taxable year, and " (B) who maintains as his home a household which constitutes for the taxable year the principal place of abode (as a member of such household) of a dependent (i) who (within the meaning of section 152) is a son, stepson, daughter, or stepdaughter of the taxpayer, and (ii) with respect to whom the taxpayer is entitled to a deduction for the taxable year under section 151. For purposes of this paragraph, an individual shall be considered as maintaining a household only if over half of the cost of maintaining the household during the taxable year is furnished by such individual. "(2) LIMITATIONS.—Notwithstanding paragraph (1), for purposes of section 1 a taxpayer shall not be considered to be a surviving spouse— " (A) if the taxpayer has remarried at any time before the close of the taxable year, or

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text:
Page:United States Statutes at Large Volume 83.djvu/711

 83 STAT. ]

PUBLIC LAW 91-172-DEC. 30, 1969

" (B) unless, for the taxpayer's taxable year during which his spouse died, a joint return could have been made under the provisions of section 6013 (without regard to subsection (a)(3) thereof). "(b)

683

^e use eoia.

DEFINITION OF HEAD OF HOUSEHOLD.—

" (1) IN GENERAL.—For purposes of this subtitle, an individual shall be considered a head of a household if, and only if, such individual is not married at the close of his taxable year, is not a survivin<T spouse (as defined in subsection (a)), and either— " (A) maintains as his home a household -which constitutes for such taxable year the principal place of abode, as a member of such household, of— "(i) a son, stepson, daughter, or stepdaughter of the taxpayer, or a descendant of a scm or daughter of the taxpayer, but if such son, stepson, daughter, stepdaughter, or descendant is married at the close of the taxpayer's taxable year, only if the taxpayer is entitled to a deduction for the taxable year for such person under section 151, or Ante, pp. 67s, "(ii) any other person who is a dependent of the tax- ^^^• payer, if the taxpayer is entitled to a deduction for the taxable year for such person under section 151, or " (B) maintains a household which constitutes for such taxable year the principal place of abode of the father or mother of the taxpayer, if the taxpayer is entitled to a deduction for the taxable year for such father or mother under section 151. For purposes of this paragraph, an individual shall be considered as maintaining a household only if OA-er half of the cost of maintaining the household during the taxable yeav is furnished by such individual. "(2) DETERMINATION OF STATUS,—For purposes of this subsection— " (A) a legally adopted child of a person shall be considered a child of such person by blood; " (B) an individual who is legally separated from his spouse under a decree of divorce or of separate maintenance shall not be considered as married; " (C) a taxpayer shall be considered as not married at the close of his taxable year if at any time during the taxable year his spouse is a nonresident alien; and " (D) a taxpayer shall be considered as married at the close of his taxable year if his spouse (other than a spouse described in subparagraph (C)) died during the taxable year. "(3) LIMITATIONS.—Notwithstanding paragraph (1), for purposes of this subtitle a taxpayer shall not be considered to be a head of a household— " (A) if at any time during the taxable year he is a nonresident alien; or " (B) by reason of an individual who would not be a dependent for the taxable year but for— "(i) paragraph (9) of sect ion 152(a), 26 USC 152. "(ii) paragraph (10) of section 152(a), or "(iii) subsection (c) of section 152. "(c)

CERTAIN MARRIED INDIVIDUALS LIVING APART.—For purposes

of this part, an individual who, under section 143(b), is not to be considered as married shall not be considered as married.

Ante,

p. 677.

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text:
Page:United States Statutes at Large Volume 83.djvu/712

 684 Ante, p. 678. Jl use 871.

PUBLIC LAW 91-172-DEC. 30, 1969

••(d) XoNRESiDEXT ALIENS.—111 the case of a nonresident alien uidividual, the tax imposed by section 1 shall apply onlv as provided i3y section 871 or 877. "(e)

78 Stat. 129.

68A Stat. 169.

•j^ltr^^b^V^'

78 Stat. 111. 74 Stat. 1000.

CROSS REFERENCE,—

"For definition of taxable income, see section 63." (^^-^ OPTIONAL TAX TABLES FOR INDIVIDUALS.—Section 3 (relating to optional tax if adjusted gross income is less than $5,000) is amended to read as follows: "SEC. 3; OPTIONAL TAX TABLES FOR INDIVIDUALS. "In lieu of the tax imposed by section 1, there is hereby imposed for each taxable year be^-inning after December 31, 1969, on the taxable income of every individual whose adjusted gross income for such year is less than $10,000 and who has elected for such year to pay the tax imposed by this section, a tax determined under tables, applicable to such taxable year, which shall be prescribed by the Secretary or his delegate. In the tables so prescribed, the amounts of tax shall be computed on the basis of the taxable income computed by taking the standard deduction and on the basis of the rates prescribed by section 1." (d)

68A Stat. 736.

[83 STAT.

T E C H N I C A L, CONFORMING, AND CLERICAL AMENDMENTS. —

(^\^ Section 6014(a) (relating to election by taxpayer) is amended— (A) by striking out "$5,000" in the first sentence, and inserting in lieu thereof "$10,000", and (B) by striking out the last two sentences. (2) Section 511(b)(1) (relating to imposition of tax on unrelated business income of charitable, etc., organizations) is amended by striking out "section 1", in the first sentence of such section, and inserting m lieu thereof "section 1(d) ". (3) Section 641 (relating to imposition of tax in respect of estates and trusts) is amended by striking out "The taxes imposed by this chapter on individuals" in subsection (a) and inserting in lieu thereof "The tax imposed by section 1(d) "., (4) Section 632 (relating to sale of oil or gas properties) is amended— (A) by striking out "surtax" and inserting in lieu thereof "tax", and (B) by striking out "30 percent" and inserting in lieu thereof "33 percent". (^) Section 1347 (relating to claims against United States involving acquisition of property) is amended— (A) by striking out "surtax" and inserting in lieu thereof "tax", and --n'>; ^g^ l3y striking out "30 percent" and inserting in lieu thereof "33 percent". ^g^ Paragraphs (1) and (5) of section 5(b) (cross references) are each amended by striking out "surtax" and inserting in lieu thereof "tax". (7) Section 6015(a)(1) (relating to declaration of estimated income tax by individuals) is amended— (A) by striking out "section 1(b)(2) " each place it appears and inserting in lieu thereof "section 2(b) ", and (B) by striking out "section 2(b) " each place it appears and inserting in lieuthereof "section 2(a) ". (8) Section 1304(b)(1) (relating to special rules) is amended by striking out "if adjusted gross income is less than $5,000".

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text:
Page:Tom Swift and His Airship.djvu/184

174 Tom acted just in time, and, after bobbing about like a cork on the water, the ship was righted, and sent forging ahead, under the influence of the propellers worked at top speed. Nor was this any too much, for it needed all the power of the big engine to even partially overcome the force of the wind that was blowing right against the Red Cloud. Of course they might have turned and flown before it, but they wanted to go north, not south—they wanted to face their accusers.

Then, after the first fury of the blast had spent itself, there came a deluge of rain, following a dazzling glare of lightning and a bursting crash of thunder.

In spite of the gale buffeting her, the airship was making good progress. The skill of Tom and the balloonist was never shown to better advantage. All around them the storm raged, but through it the craft kept on her way. Nothing could be seen but pelting sheets of water and swirling mist, yet onward the ship was driven.

The thunder was deafening, and the lightning nearly blinded them, until the electrics were switched on, flooding the cabin with radiance. Inside the car they were snug and dry, though the pitching of the craft was like that of a big liner in the trough of the ocean waves.

"Will she weather it, do you think?" called Mr.

title: Page:Tom Swift and His Airship.djvu/184


text:
Page:United States Statutes at Large Volume 83.djvu/713

 83 STAT. ]

PUBLIC LAW 91-172-DEC. 30, 1969

685

(9) The table of sections for part I of subchapter A of chapter 1 is amended by striking ont the second and third items and inserting in lien thereof the following: "Sec. 2. Definitions and special rules. "Sec. 3. Optional tax tables for individuals." (e) Section 21(d) (relating to changes in rates during a taxable 26 USC 2^°' year) is amended to read as follows: " (d) CHANGES MADE BY TAX REFOIOI ACT OF 1909 iisr CASE OF IxDiviDUALS.—In applying subsection (a) to a taxable year of an individual which is not a calendar year, each change made by the Tax Reform Act of 19(59 in part I or in the application of part IV or V of subchapter B for purposes of the determination of taxable income shall be treated as a change in a rate of tax." (f) EFFECTIVE DATES.—The amendments made by subsections (a), (b), and (d) (other than paragraphs (1) and (8)) shall apply to taxable years beginning after December 31, 1970, except that section 2(c) of the Internal Revenue Code of 1954, as amended by subsection ^"'^' P- ^^a. (b), shall also apply to taxable years beginning after December 31, 1969. The amendments made by subsections (c), (d)(1), and (d)(8) shall apply to taxable years beginning after December 31, 1969. SEC. 804. FIFTY-PERCENT MAXIMUM RATE ON EARNED INCOME. (a) I x GENERAL.—Part VI of subchapter Q of chapter 1 (relating H^lc'islV-' to other limitations) is amended by adding at the end thereof the 1347. fol 1 ow i ng new secti on: "SEC. 1348. FIFTY-PERCENT MAXIMUM RATE ON EARNED INCOME. "'(a) GENERAL R I L E. — I f for any taxable year an individual has earned taxable income AAiiich exceeds the amount of taxable income specified in paragraph (1), the tax imposed by section 1 for such year '^"'^' P* ^'^^• shall, unless the taxpayer chooses the benefits of part 1 (relating to income averaging), be the sum of— "(1) the tax imposed by section 1 on the lowest amount of taxable income on which the rate of tax under section 1 exceeds 50 percent, "(2) 50 percent of the amount by which his earned taxable income exceeds the lowest amount of taxable income on which the rate of tax under section 1 exceeds 50 percent, and "(3) the excess of the tax computed under section 1 without regard to this section over the tax so computed with reference solely to his earned taxable income. Tn applying this subsection to a taxable year beginning after December 31, 1970, and before January 1, 1972, '60 percent' shall be substituted for '50 percent" each place it appears in paragraphs (1) and (2). "(b) DEFINITIONS.—For purposes of this section— "(1) EARNED INCOME.—The term 'earned income' means any income which is earned income within the meaning of section 401 (c)(2)(C) or section 911(b), except that such term does not include any distribution to which section 7 2 (m)(5), 72(n), 402 Ante, p. 644. (a)(2), or 403(a)(2)(A) applies or any deferred compensation within the meaning of section 404. For purposes of this paragraph, deferred compensation does not include any amount received before the end of the taxable year following the first taxable year of the recipient in which his right to receive such amount is not subiect to a substantial risk of forfeiture (within the meaning of section 83(c)(1)). An^e.p. 589.

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text:
Page:United States Statutes at Large Volume 83.djvu/714

 686

Anto, p. 581.

26 USC 62.

PUBLIC LAW 91-172-DEC. 30, 1969

[83 STAT.

"(2) EARNED TAXABLE INCOME.—The earned taxable income of an individual is the excess of— " (A) the amount which bears the same ratio (but not in excess of 100 percent) to his taxable income as his earned net income bears to his adjusted gross income, over " (B) the amount by which the greater of— " (i) one-fifth of the sum of the taxpayer's items of tax preference referred to in section 57 for the taxable year and the 4 preceding taxable years, or " (ii) the sum of the items of tax preference for the taxableyear, exceeds $30,000. For purposes of subparagraph (A), the term 'earned net income' means earned income reduced by any deductions allowable under section 62 which are properly allocable to or chargeable against such earned income. "(c) MARRIED INDIVIDUALS.—This section shall apply to a married individual only if such individual and his spouse make a single return jointly for the taxable year." (b) CLERICAL AMENDMENT.—The table of sections for part VI of subchapter Q of chapter 1 is amended by adding at the end thereof the following new item: "Sec. 1348. Fifty-percent maximum r a t e on earned income."

(c) EFFECTIVE DATE.—The amendments made by this section shall apply to taxable years beginning after December 31, 1970. SEC. 805. COLLECTION OF INCOME TAX AT SOURCE ON WAGES. 82 Stat. 256.

(a) REQUIREMENT OF WITHHOLDING.—Section 3402(a) (relating to

requirement of withholding) is amended by striking out paragraphs (1) and (2) and inserting in lieu thereof the following: "(1) I n the case of wages paid after December 31, 1969, and before July 1, 1970: "Table 1—If the payroll period with respect to an employee is WEEKLY " (a) Single Person—Including Head of Household: The amount of income tax to be with"If the amount of wages is: held shall be: Not over $21.00 Over $21.00 but not over $33.00 Over $33.00 but not over $52.00 Over $52.00 b u t not over $88.00 Over $88.00 but not over.$177.00— Over $177.00 but not over $212.00— Over $212.00 "(b)

0. 2 1 % of excess over $21.00. $2.52 plus 2 7 % of excess over $33.00. $7.65 plus 1 8 % of excess over $52.00. $14.13 plus 2 1 % of excess over $88.00. $32.82 plus 2 6 % of excess over $177.00. $41.92 plus 3 1 % of excess over $212.00.

Married Person:

The amount of income tax to be with"If the amount of wages i s: held shall b e: Not over $21.00 0. Over $21.00 b u t not over $48.00 2 1 % of excess over $21.00. Over $48.00 but not over $88.00 $5.67 plus 16% of excess over $48.00. Over.$88.00 b u t not over $177.00— $12.07 plus 1 8 % of excess over $88.00. Over $177.00 but not over $346.00— $28.09 plus 2 1 % of excess over $177.00. Over $346.00 b u t not over $423.00— $63.58 plus 2 6 % of excess over $346.00. Over $423.00 $83.60 plus 3 1 % of excess over $423.00.

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text:
Page:United States Statutes at Large Volume 83.djvu/715

 83 STAT. ]

PUBLIC LAW 91-172-DEC. 30, 1969

" T a b l e 2 — I f the p a y r o l l period w i t h respect to a n employee is BIWEEKLY " (a) S i n g l e P e r s o n — I n c l u d i n g H e a d of H o u s e h o l d: The amount of income tax to be with"If the amount of wages i s: held shall be: Not over $42.00 0. Over $42.00 but not over $65.00 21% of excess over $42.00. Over $65.00 but not over $104.00___ $4.83 plus 27% of excess over $65.00. Over $104.00 but not over $177.00__ $15.36 plus 18% of excess over $104.00. Over $177.00 but not over $354.00— $28.50 plus 21% of excess over $177.00. Over $354.00 but not over $423.00__ $65.67 plus 26% of excess over $354.00. Over $423.00 $83.61 plus 31% of excess over $423.00.

"(b) Married Person:

"If the amount of wages i s: Not over $42.00 Over $42.00 but not over $96.00 Over $96.00 but not over $177.00___ Over $177.00 but not over $354.00__ Over $354.00 but not over $692.00— Over $692.00 but not over $846.00__ Over $846.00

The amount of income tax to be withheld shall be: 0. 21% of excess over $42.00. $11.34 plus 16% of excess over $96.00. $24.30 plus 18% of excess over $177.00. $56.16 plus 21% of excess over $354.00. $127.14 plus 26% of excess over $692.00. $167.18 plus 31% of excess over $846.00.

" T a b l e 3—If the p a y r o l l period w i t h respect to a n employee is S E M I MONTHLY " (a) S i n g l e P e r s o n — I n c l u d i n g H e a d of H o u s e h o l d: The amount of income tax to be with"If the amount of wages is: held shall be: Not over $46 0. Over $46 but not over $71 21% of excess over $46. Over $71 but not over $113 $5.25 plus 27% of excess over $71. Over $113 but not over $192 $16.59 plus 18% of excess over $113. Over $192 but not over $383 $30.81 plus 21% of excess over $192. Over $383 but not over $458 $70.92 plus 26% of excess over.$383. Over $458 $90.42 plus 31% of excess over $458. "(b) Married Person: The amount of income tax to be with"If the amount of wages i s: held shall be: Not over $46 0. Over $46 but not over $104 21% of excess over $46. Over $104 but not over $192 $12.18 plus 16% of excess over $104. Over $192 but not over $383 $26.26 plus 18% of excess over $192. Over $383 but not over $750 $60.64 plus 21% of excess over $383. Over $750 but not over $917 $137.71 plus 26% of excess over $750. Over $917 $181.13 plus 31% of excess over $917.

687

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text:
Page:United States Statutes at Large Volume 83.djvu/716

 688

PUBLIC LAW 91-172-DEC. 30, 1969

[83 STAT.

"Table 4.—If the payroll period with respect to an employee is MONTHLY " (a) Single Person—Including Head of Household: "If the amount of wages i s: Not over $92 Over $92 but not over $142 Over $142 but not over $225 Over $225 but not over $383 Over $383 but not over $767 Over $767 but not over $917 Over $917

The amount of income tax to b e held shall b e: 0. 2 1 % of excess over $92. $10.50 plus 2 7 % of excess $142. $32.91 plus 1 8 % of excess $225. $61.35 plus 2 1 % of excess $383. $141.99 plus 2 6 % of excess $767. $180.99 plus 3 1 % of excess $917.

with-

over over over over over

"(b) Married Person: "If the amount of wages i s: Not over $92 Over $92 but not over $208 Over $208 but not over $383 Over $383 but not over $767 Over $767 but not over $1,500 Over $1,500 but not over $1,833 Over $1,833

The a m o u n t of income tax to b e withheld shall b e: 0. 2 1 % of excess over $92. .$24.30 plus 16% of excess over $208. $52.36 plus 1 8 % of excess over $383. $121.48 plus 2 1 % of excess over $767. $275.41 plus 2 6 % of excess over $1 500 $.361.99 plus 31%, of excess over $1,833.

"Table 5—If the payroll period with respect to an employee is QUARTERLY " (a) Single Person—Including Head of Household: The amount of income tax to be withheld shall b e: 0. 2 1 % of excess over $275, $31.50 plus 2 7 % of excess over $425. $99.00 plus 18% of excess over $675. $184.50 plus 2 1 % of excess over $1,150. Over $2,300 but not over $ 2, 7 5 0 — $426.00 plus 2 6 % of excess over $2 300. Over $2,750 $.543.00 plus 3 1 % of excess over $2,750.

"If the amount of wages i s: Not over $275 Over $275 but not over $425 Over $425 but not over $675 Over $675 but not over $1,150 Over $1,150 but not over $2,300

" (b) Married Person: "If the amount of wages i s: Not over $275 Over $275 but not over $625 Over $625 but not over $1,150 Over $1,150 but not over $2,300 Over $2,300 but not over $4,500 Over $4,500 but not over $5,500 Over $5,500

The a m o u n t of income tax to b e withheld shall b e: 0. 2 1 % of excess over $275. $73.50 plus 1 6 % of excess over $625. $157.50 plus 1 8 % of excess over $1,150. $364.50 plus 2 1 % of excess over $2 300. $826!50 plus 2 6 % of excess over $4,500. $1,086.50 plus 3 1 % of excess over $5,500.

�


text:
Page:United States Statutes at Large Volume 83.djvu/717

 83 STAT.]

PUBLIC LAW 91-172-DEC. 30, 1969

"Table 6—If the payroll period with respect to an employee is SEMIANNUAL " (a) Single Person—Including Head of Household: "If the amount of wages is: Not over $550 Over $550 but not over $850 Over $850 but not over $1,350 Over $1,350 but not over $2,300 Over $2,300 but not over $4,600 Over $4,600 but not over $5,500 Over $5,500

The amount of income tax to be withheld shall be: 0. 21% of excess over $550. $63 plus 27% of excess over $850. $198 plus 18% of excess over $1,350. $369 plus 21% of excess over $2,300. $852 plus 26% of excess over $4,600. $1,086 plus 31% of excess over $5,500.

" (b) Married Person: The amount of income tax to be with"If the amount of wages is: held shall be: Not over $550 0. Over $550 but not over $1,250 21% of excess over $550. Over $1,250 but not over $2,300 $147 plus 16% of excess over $1,250. Over $2,300 but not over $4,600 $315 plus 18% of excess over $2,300. Over $4,600 but not over $9,000 $729 plus 21% of excess over $4,600. Over $9,000 but not over $11,000— $1,653 plus 26% of excess over $9,000. Over $11,000 $2,173 plus 31% of excess over $11,000.

"Table 7—If the payroll period with respect to an employee is ANNUAL " (a) Single Person—Including Head of Household: "If the amount of wages is: Not over $1,100 Over $1,100 but not over $1,700 Over $1,700 but not over $2,700 Over $2,700 but not over $4,600 Over $4,600 but not over $9,200 Over $9,200 but not over $11,000 Over $11,000

"(b) Married Person:

The amount of income tax to be withheld shall be: 0. 21% of excess over $1,100. $126 plus 27% of excess over $1,700. $396 plus 18% of excess over $2,700. $738 plus 21% of excess over $4,600. $1,704 plus 26% of excess over $9,200. $2,172 plus 31% of excess over $11,000.

The amount of income tax to be with'If the amount of wages is: held shall be: Not over $1,100 0. Over $1,100 but not over $2,500 21% of excess over $1,100. Over $2,500 but not over $4,600 $294 plus 16% of excess over $2,500. Over $4,600 but not over $9,200 $630 plus 18% of excess over $4,600. Over $9,200 but not over $18,000 $1,458 plus 21% of excess over $9,200. Over $18,000 but not over $22,000— $3,306 plus 26% of excess over $18,000. Over $22,000 $4,346 plus 31% of excess over $22,000.

"Table 8—If the payroll period with respect to an emplo}^ee is a DAILY payroll period or a miscellaneous payroll period "(a) Single Person—Including Head of Household: "If the amount of wages divided by the number of days in the payroll period The amount of income tax to be withis: held shall be: Not over $3.00 0. Over $3.00 but not over $4.70 21% of excess over $3.00. Over $4.70 but not over $7.40 $0.36 plus 27% of excess over $4.70. Over $7.40 but not over $12.60 $1.09 plus 18% of excess over $7.40. Over $12.60 but not over $25.20 $2.02 plus 21% of excess over $12.60. Over $25.20 but not over $30.10 $4.67 plus 26% of excess over $25.20. Over $30.10 $5.94 plus 31% ofiexcess over $30.10.

689

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text:
Page:United States Statutes at Large Volume 83.djvu/718

 690

PUBLIC LAW 91-17 2-DEC. 30, 1969

[83 STAT.

"(b) Married Person: 'If the amount of wages divided by the number of days in the payroll period The amount of income tax to be withis: held shall be: Not over $3.00 0. Over $3.00 but not over $6.80 21% of excess over $3.00. Over $6.80 but not over $12.60 $0.80 plus 16% of excess over $6.80. Over $12.60 but not over $25.20 $1.73 plus 18% of excess over $12.60. Over $25.20 but not over $49.30 $3.99 plus 21% of excess over $25.20. Over $49.30 but not over $60.30 $9.06 plus 26% of excess over $49.30. Over $60.30 $11.92 plus 31% of exqess over $60.30. " T a b l e 1—If the p a y r o l l period w i t h respect to an emplovee is WEEKLY . *'(a) S i n g l e P e r s o n — I n c l u d i n g H e a d of H o u s e h o l d: The amount of income tax to be with"If the amount of wages i s: held shall be: Not over $21 0. Over $21 but not over $33 21% of excess over $21. Over $33 but not over $52 .$2.52 plus 25% of excess over $33. Over $.52 but not over $88 $7.27 plus 17% of excess over $52. Over $88 but not over $177 $13.39 plus 21% of excess over $88. Over $177 but not over $212 $32.08 plus 25% of excess over $177. Over $212$40.83 plus 30% of excess over $212.
 * '(2) I n the case of wages p a i d after June 30, 1970, and before January 1, 1971:

"(b) Married Person: ''If the amount of wages i s: Not over $21 Over $21 but not over Over $48 but not over Over $88 but not over Over $177 but not over Over $346 but not over Over $423

$48 $88 $177 $346 $423

The amount of income tax to be withheld shall be: 0. 21% of excess over $21. $5.67 plus 15% of excess over $48. $11.67 plus 17% of excess over $88. $26.80 plus 20% of excess over $177. $60.60 plus 25% of excess over $346. $79.85 plus 30% of excess over $423.

•'Table 2—If the payroll period with respect to an employee is B I WEEKLY " (a) Single Person—Including Head of Household: "If the amount of wages is: Not over $42 Over $42 but not over $65 Over $65 but not over $104 Over $104 but not over $177 Over $177 but not over $354 Over $354 but not over $423 Over $423

" (b) Married Person: "If the amount of wages i s: Not over $42 Over $42 but not over $96 Over $96 but not over $177 Over $177 but not over $354 Over $354 but not over $692 Over $692 but not over $846 Over $846

The amount of income tax to be withheld shall be: 0. 21% of excess over $42. $4.83 plus 25% of excess over $65. $14.58 plus 17% of excess over $104. $26.99 plus 21% of excess over $177. $64.16 plus 25% of excess over $354. $81.41 plus 30% of excess over $423. The amount of income tax to be withheld shall be: 0. 21% of excess over $42. $11.34 plus 15% of excess over $96. $23.49 plus 17% of excess over $177. $53.58 plus 20% of excess over $354. $121.18 plus 25% of excess over $692. $159.68 plus 30% of excess over

�


text:
Page:United States Statutes at Large Volume 83.djvu/719

 83

STAT.]

PUBLIC LAW 91-172-DEC. 30, 1969

691

"Table 3—If the payroll period with respect to an employee is S E M I M O N T H L Y " (a) Single Person—Including Head of Household: "If the amount of wages i s: Not over $46 Over $46 but not over $71 Over $71 but not over $113 Over $113 but not over $192 Over $192 but not over $383 Over $383 but not over $458 Over,$458 "(b) Married

The amount of income tax to be w i t h I eld shall b e: 0. 2 1 % of excess over $46. .$5.25 plus 25%, of excess over $71. ,$15.75 plus 17% of excess over $113. $29.18 plus 2 1 % of excess over $192. ,$69.29 plus 2 5 % of excess over $383. $88.04 plus 30% of excess over $458.

Person:

"If the a m o u n t of wages i s: Not over $46 Over $46 but not over $104 Over $104 b u t not over $192 Over $192 but not over $383 Over $383 but not over $750 Over,$750 but not over $917 Over.$917

The amount of income tax to be withheld shall b e: 0. 2 1 % of excess over,$46. $12.18 plus 1 5 % of excess over $104. ,$25.38 plus 17% of excess over $192. $57.85 plus 20% of excess over,$383. .$131.25 plus 2 5 % of excess over $750. ,$173.00 plus.30% of excess over .$917.

"Table 4.—If the payroll period with respect to an employee is MONTHLY " (a) Single Person—Including Head of Household: "If the amount of wages i s: Not over $92 Over $92 but not over $142 Over $142 but not over $225 Over $225 but not over $383 Over $383 but not over $767 Over $767 but not over $917 Over $917

" (b) Married Person: "If the amount of wages i s: Not over $92 Over $92 but not over $208 Over $208 but not over $383 Over $383 but not over $767 Over $767 but not over $1,500 Over $1,500 but not over $1,833 Over $1,833

The a m o u n t of income tax to b e withheld shall b e: 0. 2 1 % of excess over $92. $10.50 plus 2 5 % of excess over $142. $31.25 plus 17% of excess over $225. $58.11 plus 2 1 % of excess over $383. $138.75 plus 2 5 % of excess over $767. $176.25 plus 30% of excess over $917. The amount of income tax to be withheld shall b e: 0. 2 1 % of excess over $92. ,$24.36 plus 1 5 % of excess over $208. $50.61 plus 17% of excess over $383. $115.89 plus 20% of excess over $767. $262.49 plus 2 5 % of excess over $1 500 $345.74 plus 30% of excess over $1,833.

" T a b l e 5 — I f the p a y r o l l period w i t h respect to a n e m p l o y e e is QUAETERLY "(a)

S i n g l e P e r s o n — I n c l u d i n g H e a d of

"If the amount of wages i s: Not over $275 Over $275 but not over $425 Over $425 but not over $675 Over.$675 but not over $1,150 Over $1,150 but not over $2,300 Over $2,300 but not over $2,750 Over $2,750

Household:

The a m o u n t of income tax to be held shall b e: 0. 2 1 % of excess over $275. $31.50 plus 2 5 % of excess $425 $94.00 plus 17% of excess $675. $174.75 plus 2 1 % of excess $1150 $416.25 plus 2 5 % of excess $2 300 ,$528.75 plus 30% of excess $2,750.

with-

over over over over over

�


text:
Page:United States Statutes at Large Volume 83.djvu/720

 692

PUBLIC LAW 91-172-DEC. 30, 1969

[83 STAT.

"(b) Married Person: "If the amount of wages i s: Not over $275 Over $275 but not over $625 Over $625 but not over $1,150 Over $1,150 but not over $2,300 Over $2,300 but not over $4,500 • ' Over $4,500 but not over $5,500 .*: ' Over $5,500

The amount of income tax to be withheld shall be: 0. 21% of excess over $275. $73.50 plus 15% of excess over $625. $152.25 plus 17% of excess over $1,150. $847.75 plus 20% of excess over $2,300. $787.75 plus 25% of excess over $4,500. $1,037.75 plus 30% of excess over $5,500.

"Table 6—If the payroll period with respect to an employee is SEMIANNUAL " (a) Single Person—Including Head of Household: The amount of income tax to be with"If the amount of wages i s: held shall be: Not over $550 0. Over $550 but not over $850 21% of excess over $550. Over $850 but not over $1,350 $63.00 plus 25% of excess over $850. Over $1,350 but not over $2,300__$188.00 plus 17% of excess over $1,350. Over $2,300 but not over $4,600___ $349.50 plus 21% of excess over $2,300. Over $4,600 but not over $5,500___ $832.50 plus 25% of excess over $4,600. Over $5,500 $1,057.50 plus 30% of excess over $5,500.

"(b) Married Person: "If the amount of wages i s: Not over $550 Over $550 but not over $1,250 Over $1,250 but not over $2,300___ Over $2,300 but not over $4,600___ Over $4,600 but not over $9,000___ Over $9,000 but not over $11,000__ Over $11,000

The amount of income tax to be withheld shall be: 0. 21% of excess over $550. $147.00 plus 15% of excess over $1,250. $304.50 plus 17% of excess over $2,300. $695.50 plus 20% of excess over $4,600. $1,575.50 plus 25% of excess over $9 000. $2,075.50 plus 30% of excess over $11,000.

" T a b l e 7—If the p a y r o l l period w i t h respect to a n employee is A N N U A L " (a) S i n g l e P e r s o n — I n c l u d i n g H e a d of H o u s e h o l d: The amount of income tax to be with"If the amount of wages i s: held shall be: Not over $1,100 0. Over $1,100 but not over $1,700 21% of excess over $1,100. Over $1,700 but not over $2,700 $126 plus 25% of excess over $1,700. Over $2,700 but not over $4,600 $376 plus 17% of excess over $2,700. Over $4,600 but not over $9,200 $699 plus 21% of excess over $4,600. Over $9,200 but not over $11,000 $1,665 plus 25% of excess over $9,200. Over $11,000 $2,115 plus 30% of excess over $11,000.

�


text:
Page:United States Statutes at Large Volume 83.djvu/721

 83

STAT.]

PUBLIC LAW 91-172-DEC. 30, 1969

" (b) Married Person: The amount of income tax to be with"If the amount of wages i s: held shall b e: Not over $1,100 0. Over $1,100 but not over $2,500 2 1 % of excess over $1,100. Over $2,500 but not over $4,600 $294 plus 1 5 % of excess over.$2,500. Over $4,600 but not over $9,200 $609 plus 17% of excess over $4,600. Over $9,200 but not over.$18,000— $1,391 plus 20% of excess over $9,200. Over $18,000 but not over.$22,000— $3,151 plus 2 5 % of excess over $18,000. Over $22.000 $4,151 plus 30% of excess over $22,000.

"Table 8—If the payroll period with respect to an employee is a D A I L Y payroll period or a miscellaneous payroll period " (a) Single Person—Including Head of Household: "If the amount of wages divided by the number of days in the payroll period The amount of income tax to be withis: held shall b e: Not over $3.00 0. Over $3.00 but not over $4.70 2 1 % of excess over $3.00. Over $4.70 but not over $7.40 $0.36 plus 2 5 % of excess over $4.70. Over $7.40 but not over $12.60 $1.03 plus 17% of excess over $7.40. Over $12.60 but not over $25.20___ $1.92 plus 2 1 % of excess over $12.60. Over $25.20 but not over $30.10 $4.56 plus 2 5 % of excess over $25.20. Over $30.10 $5.79 plus 30% of excess over $30.10.

" (b) Married Person: "If the amount of wages divided by the number of days in the payroll period The amount of income tax to be withis: held shall b e: Not over $3.00 0. Over $3.00 but not over $6.80 2 1 % of excess over $3.00. Over $6.80 but not over $12.60 $0.80 plus 15% of excess over $6.80. Over $12.60 but not over $25.20 $1.67 plus 17% of excess over $12.60. Over $25.20 but not over $49.30 $3.81 plus 20% of excess over $25.20. Over $49.30 but not over $60.30 $8.63 plus 2 5 % of excess over $49.30. Over.$60.30 $11.38 plus 30% of excess over $60.30.

"(3) In the case of wages paid after December 31, 1970, and before January 1, 1972: "Table 1—If the payroll period with respect to an employee is WEEKLY " (a) Single Person—Including Head of Household: "If the amount of wages i s: Not over $20 Over $20 but not over $31 Over $31 but not over $50 Over $50 but not over $100 Over $100 but not over $135 Over $135 but not over $212 Over $212

The amount of income tax to be withheld shall b e: 0. 14% of excess over $20. $1.54 plus 17% of excess over $31. $4.77 plus 20% of excess over $50. $14.77 plus 18% of excess over $100. $21.07 plus 2 1 % of excess over $1.35. $.37.24 plus 24% of excess over $212.

"(b) Married Person: "If the amount of wages i s: Not over,$20 Over $20 but not over,$42 Over $42 but not over $77 Over $77 but not over $163 Over $163 but not over $269 Over $269 but not over $385 Over $385

31-100 O - 70 - 46

The amount of income tax to be withheld shall b e: 0. 14% of excess over,$20. $3.08 plus 17% of excess over $42. $9.03 plus 16% of excess over $77. $22.79 plus 19% of excess over $163. $42.93 plus 2 1 % of excess over $269. $67.29 plus 2 5 % of excess over $.38,5.

693

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text:
Page:United States Statutes at Large Volume 83.djvu/722

 694

PUBLIC LAW 91-172-DEC. 30, 1969

[83 STAT.

"Table 2—If the payroll period with respect to an employee is B I WEEKLY " (a) Single Person—Including Head of Household: Not over $40 Over $40 but not over $62 Over $62 but not over $100 Over $100 but not over $200 Over $200 but not over $269 Over $269 but not over $423 Over $423 "(b) Married Person: 'If the amount of wages is: Not over $40 Over $40 but not over $85 Over $85 but not over $154 Over $154 but not over $327 Over $327 but not over $538 Over $538 but not over $769 Over $769
 * If the amount of wages is:

The amount of income tax to be withheld shall be: 0. 14% of excess over $40. $3.08 plus 17% of excess over $62, $9.54 plus 20% of excess over $100. $29.54 plus 18% of excess over $200. $41.96 plus 21% of excess over $269. $74.30 plus 24% of excess over $423. The amount of income tax to be withheld shall be: 0. 14% of excess over $40. $6.30 plus 17% of excess over $85. $18.03 plus 16% of excess over $154. $45.71 plus 19% of excess over $327. $85.80 plus 21% of excess over $538. $134.31 plus 25% of excess over $769.

"Table 3—If the payroll period with respect to an employee is SEMIMONTHLY " (a) Single Person—Including Head of Household: 'If the amount of wages i s: Not over $44 Over $44 but not over $67 Over $67 but not over $108 Over $108 but not over $217 Over $217 but not over $292 Over $292 but not over $458 Over $458 "(b) Married Person: 'If the amount of wages i s: Not over $44_l'i Over $44 but not over $92 Over $92 but not over $167 Over $167 but not over $354 Over $354 but not over $583 Over $583 but not over $833 Over $833

The amount of income tax to be withheld shall be: 0. 14% of excess over $44. $3.22 plus 17% of excess over $67. .$10.19 plus 20% of excess over $108. $31.99 plus 18% of excess over $217. $45.49 plus 21% of excess over $292. $80.35 plus 24% of excess over $458. The amount of income tax to be withheld shall be: 0. 14% of excess over $44. $6.72 plus 17% of excess over $92. $19.47 plus 16% of excess over $167. $49.39 plus 19% of excess over $354. $92.90 plus 21% of excess over $583. $145.40 plus 25% of excess over $833.

" T a b l e 4 — I f the p a y r o l l period w i t h respect to an employee is MONTHLY • ' (a) S i n g l e P e r s o n — I n c l u d i n g H e a d of H o u s e h o l d: The amount of income tax to be with'If the amount of wages i s: held shall be: Not over $88 0. Over $88 but not over $133 14% of excess over $88. Over $133 but not over $217 $6.30 plus 17% of excess over $133. Over $217 but not over $433 $20.58 plus 20% of excess over $217. Over $433 but not over $583 $63.78 plus 18% of excess over $433. Over $583 but not over $917 $90.78 plus 21% of excess over $583. Over $917 $160.92 plus 24% of excess over $917.

�


text:
Page:Tom Swift and His Airship.djvu/185

Rh Damon, in the ear of Mr. Sharp, shouting so as to be heard above the noise of the elements, and the hum of the motor.

The balloonist nodded.

"She's a good ship," he answered proudly.

Hardly had he spoken when there came a crash louder than any that had preceded, and the flash of rosy light that accompanied it seemed to set the whole heavens on fire. At the same time there was violent shock to the ship.

"We're hit! Struck by lightning!" yelled Tom.

"We're falling!" cried Mr. Damon an instant later.

Mr. Sharp looked at the elevation gauge. The hand was slowly swinging around. Down, down dropped the Red Cloud. She was being roughly treated by the storm.

"I'm afraid we're wrecked!" said the balloonist in a low voice, scarcely audible above the roar of the tempest. Following the great crash had come a comparatively light bombardment from the sky artillery.

"Use the gliding rudder, Tom," called Mr. Sharp, a moment later. "We may fall, but we'll land as easily as possible."

The wind, the rain, the lightning and thunder continued. Down, down sank the ship. Its fall was somewhat checked by the rudder Tom swung

title: Page:Tom Swift and His Airship.djvu/185


text:
Page:United States Statutes at Large Volume 83.djvu/723

 83 STAT. ]

P U B L I C LAW 9 1 - 1 7 2 - D E C. 30, 1969

"(b) Married Person: The amount of income tax to be w i t h "If the amount of wages i s: held shall b e: Not over $88 0. Over $88 b u t not over $183 14% of excess over $88. Over $183 but not over $333 $13.30 plus 17% of excess over $183. Over $333 but not over $708 $38.80 plus 16% of excess over $333. Over $708 but not over $1,167 $08.80 plus 19% of excess over $708. Over.$1,167 but not over $1,667___ $186.01 plus 2 1 % of excess over .$1,167. Over $1,667 .$201.01 plus 2.")% of excess over $1,667. " T a b l e 5 — I f the p a y r o l l period w i t h respect to a n e m p l o y e e is QUARTERLY " (a) S i n g l e P e r s o n — I n c l u d i n g H e a d of H o u s e h o l d: "If the amount of wages i s: Not over $263 Over $263 but not over $400 Over $400 b u t not over $650 Over $650 but not over $1,300 Over $1,300 but not over $1,750 Over $1,750 but not over.$2,750 Over $2,750 "(b)

Married

The amount of income tax to be withheld shall b e: 0. 14% of excess over $263. $19.18 plus 17%. of excess over $400. $61.68 plus 20% of excess over $650. $191.68 plus 18% of excess over $1,300. $272.68 plus 21%, of excess over $1,750. $482.68 plus 24% of excess over $2,7.50.

Person:

The amount of income tax to be with"If the amount of wages i s: held shall b e: Not over $263 0. Over $263 but not over $550 14% of excess over $263. Over $.5.50 but not over $1,000 ,$40.18 plus 17% of excess over $550. Over $1,000 but not over.$2,125—_ $116.(>8 plus 16% of excess over $1,000. Over.$2,125 but not over $3,(500— $296.68 plus 19% of excess over $2,125. Over $3..500 but not over $5,000 .$557.93 plus 2 1 % of excess over $3,.500. Over,$5.000 ,$872.93 plus 2 5 % of excess over $5,000. " T n / b l e 6 — I f the payroll period w i t h respect to a n e m p l o y e e is

SEMIANNUAL "(a) Single Person—lucluding Head of Household: al f the amount of w a g e s i s: Not over $525 Over $525 but not over $800 Over $800 but not over $1,300 Over $1,,300 b u t not over $2,600 Over $2,600 but not over $3,500 Over.$3,500 but not over $5,500 Over,$,5,,500

The amount of income tax to be withheld shall b e: 0. 14% of excess over $525. .$38.50 plus 17%, of excess over $800. ,$123.50 plus 2 0 % of excess over $1,300. $383.50 plus 18% of excess over $2,600. $545.50 plus 2 1 % of excess over $3,500. ,$965.50 plus 24% of excess over $5,.560.

695

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text:
Page:United States Statutes at Large Volume 83.djvu/724

 696

PUBLIC LAW 91-172-DEC. 30, 1969

[83 STAT.

"(b) Married Person: "If the amount of wages i s: Not over $525 Over $525 but not over $1,100 Over $1,100 but not over $2,000___ Over $2,000 but not over $4,250___ Over $4,250 but not over $7,000__ Over $7,000 but not over $10,000_Over $10,000

The amount of income tax to be withheld shall be: 0. 14% of excess over $525. $80.50 plus 17% of excess over $1,100. $233.50 plus 16% of excess over $2,000. $593.50 plus 19% of excess over $4,250. $1,116.00 plus 21% of excess over $7,000. $1,746.00 plus 25% of excess over $10,000.

" T a b l e 7—If the p a y r o l l period w i t h respect to a n employee is ANNUAL " (a) S i n g l e P e r s o n — I n c l u d i n g H e a d of H o u s e h o l d: The amount of income tax to be with"If the amount of wages i s: held shall be: Not over $1,050 0. Over $1,050 but not over $1,600___ 14% of excess over $1,050. Over $1,600 but not over $2,600— $77 plus 17% of excess over $1,600. Over $2,600 but not over $5,200___ $247 plus 20% of excess over $2,600. Over $5,200 but not over $7,000___ $767 plus 18% of excess over $5,200. Over $7,000 but not over $11,000— $1,091 plus 21% of excess over $7,000. Over $11,000 $1,931 plus 24% of excess over $11,000.

"(b) Married Person:

The amount of income tax to be "If the amount of wages i s: held shall be: Not over $1,050 0. Over $1,050 but not over $2,200 14% of excess over $1,050. Over $2,200 but not over $4,000 $161 plus 17% of excess $2,200. Over $4,000 but not over $8,500 $467 plus 16% of excess $4,000. Over $8,500 but not over $14,000 $1,187 plus 19% of excess $8 500. Over $14,000 but not over $20,000— $2,232 plus 21% of excess $14,000. Over $20,000 $3,492 plus 25% of excess $20,000.

with-

over over over over over

"Table 8—If the payroll period with respect to an employee is a DAILY payroll period or a miscellaneous payroll period "(a) Single Person—Including Head of Household: "If the amount of wages divided by the number of days in the payroll period The amount of income tax to be withis: held shall be: Not over $2.90 0. Over $2.90 but not over $4.40 14% of excess over $2.90. Over $4.40 but not over $7.10 $0.21 plus 17% of excess over $4.40. Over $7.10 but not over $14.20 $0.67 plus 20% of excess over $7.10. Over $14.20 but not over $19.20 $2.09 plus 18% of excess over $14.20. Over $19.20 but not over $30.10 $2.99 plus 21% of excess over $19.20. Over $30.10 $5.28 plus 24% of excess over $30.10.

�


text:
Page:United States Statutes at Large Volume 83.djvu/725

 83 STAT. ]

PUBLIC LAW 91-172-DEC. 30, 1969

697

"If the a m o u n t of wages divided by the number of days in the payroll period The amount of income tax to be w i t h is: held shall b e: Not over $2.90 0. Over $2.1)0 but not over $6.(X) l-i'/c of excess over $2.90. Over $6.00 but not over $11.00 $0.48 plus 17% of excess over $0.00. Over $11.00 but not over $23.30 $1.28 plus 10% of excess over $11.00. Over $23.30 but not over $38.40 $3.2o plus 19% of excess over $23.30. Over $38.40 but not over.$^4.80 $0.12 plus 2 1 % of excess over $38.40. Over $r)4.S0 $9.r>7 plus 2r>% of excess over $r)4.80.
 * '(b) Mjirried Person:

"(4) 111 case of wages paid after December 31, 11)71, and before Jannary 1, 1973: ''Table 1—If the payroll period with respect to an employee is W E E K L Y " (a) Single Person—Including Head of Honseliold: "If the amount of wages i s: Not over $19 Over $19 but not over $:38 Over $38 b u t not over,$.')8 Over.$58 Imt not over,$87 Over,$87 but not over $135 Over $135 but not over,$221 Over.$221 '•(b) Married

Person: The amount of income tax to be withheld shall b e: 0. 14% of excess over $19. .$4.00 plus 10% of excess over $48. .$25.06 plus 19% of excess over $183. $42.00 plus 21% of excess over $269. .$62.16 plus 24% of ex<-ess over.$365. .$80.64 plus 28% of excess over $442.

"If the amount of wages i s: Not over $19 Over.Ssl9 but not over.$48 Over.$48 but not over $183 ver.$183 but not over.$269 Over.$269 but not over,$365 Over $:i65 but not over,$442 Over $442 ''Table

"(a)

'2—If

The amount of income tax to be withheld shall b e: 0. 14% of excess over $19. .$2.00 plus 17%. of excess over $38. .$0.00 plus 19% of excess over.$58. $11.57 plus 20% of excess over.$87. ,$21.17 plus 2 1 % of excess over $135. .$39.23 plus 24% of excess over,$221.

t l i e paAi-oll

period "svith r e s p e c t BIWEEKLY

S i n g l e P e r s o n — I n c l u d i n g H e a d of

"If the amount of wages i s: Not over.$38 Over.$38 but not o\ er $77 Over $77 but not over $115 <)ver $115 but not over $173 Over $173 but not over.$269 Over.$209 but not over.$442 Over.$442

to an

employee

is

Household:

The amount of income tax to be withheld shall b e: 0. 14% of excess over.$38. .$5.46 plus 17% of excess over $77. .$] 1.92 plus 19% of excess over $115. .$22.04 plus 20% of excess over $173. .$42.14 plus 2 1 % of excess over,$260. $78.47 plus 24% of excess over.$442.

"(b) Married Person: "If the amount of wages i s: Not over,$38 Over $38 but not over $96 Over,$96 but not over $365 Over $365 but not over $538 Over $538 but not over $731 Over,$731 but not over $885 Over.$88.5

The amount of income tax to b e withheld shall b e: 0. 14% of excess over $38. $8.12 plus 16% of excess over $96. $51.10 plus 19% of excess over $365. $84.03 plus 2 1 % of excess over $538. $124.56 plus 24% of excess over ,$731. $101..52 plus 28% of excess over $885.

�


text:
Page:United States Statutes at Large Volume 83.djvu/726

 PUBLIC LAW 91-172-DEC. 30, 1969

698

[83

STAT.

" T a b l e 3—If the p a y r o l l period w i t h respect to a n employee is S E M I MONTHLY " (a) S i n g l e P e r s o n — I n c l u d i n g H e a d of H o u s e h o l d: The amount of income tax to be with"If the amount of wages i s: held shall be: Not over $42 0. Over $42 but not over $83 14% of excess over $42. Over $83 but not over $125 $5.74 plus 17% of excess over $83. Over $125 but not over $188 $12.88 plus 19% of excess over $125. Over $188 but not over $292 $24.85 plus 20% of excess over $188. Over $292 but not over $479 $45.65 plus 21% of excess over $292. Over $479 $84.92 plus 24% of excess over $479. " (b) Married Person: The amount of income tax to be with"If the amount of wages i s: held shall be: Not over $42 0. Over $42 but not over $104 14% of excess over $42. Over $104 but not over $396 $8.68 plus 16% of excess over $104. Over $396 but not over $583 $55.40 plus 19% of excess over $396. Over $583 but not over $792 $90.93 plus 21% of excess over $583. Over $792 but not over $958 $134.82 plus 24% of excess over $792. Over $958 $174.66 plus 28% of excess over " T a b l e 4 — I f the p a y r o l l period w i t h respect to a n employee is MONTHLY " (a) S i n g l e P e r s o n — I n c l u d i n g H e a d of H o u s e h o l d: The amount of income tax to be with"If the amount of wages i s: held shall be: Not over $83 0. Over $83 but not over $167 14% of excess over $83. Over $167 but not over $250 $11.76 plus 17% of excess over $167. Over $250 but not over $375 $25.87 plus 19% of excess over $250. Over $375 but not over $583 $49.62 plus 20% of excess over $375. Over $583 but not over $958 $91.22 plus 21% of excess over $583. Over $958 $169.97 plus 24% of excess over

"(b) Married Person: "If the amount of wages i s: Not over $83 Over $83 but not over $208 Over $208 but not over $792 Over $792 but not over $1,167 Over $1,167 but not over $1,583 Over $1,583 but not over $1,917 Over $1,917

The amount of income tax to be withheld shall b e: 0. 14% of excess over $83. $17.50 plus 16% of excess over $208. $110.94 plus 19% of excess over $792. $182.19 plus 21% of excess over $1,167. $269.55 plus 24% of excess over $1,583. $349.71 plus 28% of excess over $1,917.

�


text:
Page:United States Statutes at Large Volume 83.djvu/727

 83 STAT. ]

PUBLIC LAW 91-172-DEC. 30, 1969

"Table 5—If the payroll period with respect to an employee is QUARTERLY " (a) Single Person—Including Head of Household: The amount of income tax to be with"If the amount of wages is: held shall be: Not over $250 0. Over $250 but not over $500 14% of excess over $250. Over $500 but not over $750 $35.00 plus 17% of excess over $500. Over $750 but not over $1,125 $77.50 plus 19% of excess over $750. Over $1,125 but not over $1,750 $148.75 plus 207o of excess over $1,125. Over $1,750 but not over $2,875 $273.75 plus 21% of excess over $1,750. Over $2,875 $510.00 plus 24% of excess over $2,875. ''(b) Married Person: The amount of income tax to be with"If the amount of wages i s: held shall be: Not over $250 0. Over $250 but not over $625 14% of excess over $250. Over $625 but not over $2,375 $52.50 plus 16% of excess over $625. Over $2,375 but not over $3,500___ $332.50 plus 19% of excess over $2,375. Over $3,500 but not over $4,750___ $546.25 plus 21% of excess over $3,500. Over $4,750 but not over $5,750__ $808.75 plus 24% of excess over $4,750. Over $5,750 $1,048.75 plus 28% of excess over $5,750. "Table 6—If the payroll period with respect to an employee is SEMIANNUAL " (a) Single Person—Including Head of Household: The amount of income tax to be with"If the amount of wages i s: held shall be: Not over $500 0. Over $500 but not over $1,000 14% of excess over $500. Over $1,000 but not over $1,500— $70 00 plus 17% of excess over $1,000. Over $1,500 but not over $2,250— $155.00 plvis 19% of excess over $1,500. Over $2,250 but not over $3,500— $297.50 plus 20% of excess over $2,250. Over $3,500 but not over $5,750 $547.50 plus 21% of excess over $3,500. Over $5,750 $1,020.00 plus 24% of excess over $5,750. "(b) Married Person: The amount of income tax to be with"If the amount of wages i s: held shall be: Not over $500 0. Over $500 but not over $1,250 14% of excess over $500. Over $1,250 but not over $4,750 $105.00 plus 16% of excess over $1250. Over $4,750 but not over $7,000 $665.00 plus 19% of excess over $4,750. Over $7,000 but not over $9,500 $1,092.50 plus 21% of excess over $7 000. Over $9,500 but not over $11,500 $1,617.50 plus 24% of excess over $9 500 Over $11,500 $2,097.50 plus 28% of excess over $11,500.

699

�


text:
Page:United States Statutes at Large Volume 83.djvu/728

 700

PUBLIC LAW 91-172-DEC. 30, 1969

[83 STAT.

•'Table T—If the p a y r o l l period with respect to an employee is ANNUAL " (a) S i n g l e Person—Including- H e a d of H o n s e l i o l d: The amount of income tax to be with"If the amount of wages i s: held shall be: Not over $1,000 0. Over $1,000 but not over $2,000 14% of excess over $1,000. Over $2,000 but not over $3,000 $140 plus 17% of excess over $2,000. Over $3,000 but not over $4,500 $310 plus 10% of excess over $3,000. Over.$4,500 but not over $7,000 $.59.') plus 20% of excess over $4,500. Over $7,000 but not over.$11,.500___ $1,095 plus 21% of excess over $7,000. Over $11,500 .$2,040 plus 24% of excess over $11,500. "(b) Married Person: The amount of income tax to be with"If the amount of wages i s: held shall be: Not over $1,000 0. Over $1,000 but not over $2,500 14% of excess over $1,0(X). Over $2,500 but not over $9,500 $210 plus 16% of excess over $2,500. Over $9,500 but not over $14,000— $1,330 plus 19% of excess over $9,500. Over $14,000 but not over $19,000__ $2,185 plus 21% of excess over $14,000. Over $19,000 but not over $23,000__ $3,235 plus 24% of excess over $19,000. Over.$23,000 $4,195 plus 2S% of excess over $23,000.

"Table 8—If the payroll period with respect to an employee is a D A I L Y payroll period or a miscellaneous payroll period " (a) Single Person—Including Head of Household: "If the amount of wages divided by the number of days in the payroll period The amount of income tax to be withis: held shall be: Not over $2.70 0. Over $2.70 but not over $5.50 14% of excess over $2.70. Over.$5.50 but not over $8.20 $0.39 plus 17% of excess over $5.50. Over $8.20 but not over $12.30 $0.85 plus 19% of excess over $8.20. Over $12.30 but not over $19.20 $1.63 plus 20% of excess over $12.,S0. Over $19.20 but not over $31.50 $3.01 plus 21% of excess over $19.20. Over $31.50 $5.59 plus 24% of excess over .$31.50. "(b) Married Person: "If the amount of wages divided by the number of days in the payroll period The amount of income tax to be withis: held shall be: Not over $2.70 0. Over $2.70 but not over $6.80 14% of excess over $2.70. Over $6.80 but not over $26.00 $0.57 plus 16% of excess over $6.80. Over $26.00 but not over $38.40 $3.65 plus 19% of excess over $26.00. Over $38.40 but not over $52.10 $6.00 plus 21% of excess over $38.40. Over $52.10 but not over $63.00 .$8.88 plus 24% of excess over $52.10. Over $63.00 $11.50 plus 28% of excess over $(J3.00.

"(5) I n the case of wages paid after December 31, 1972:

�


text:
Page:Tom Swift and His Airship.djvu/186

176 into place, and by setting the planes at a different angle. The motor had been stopped, and the propellers no longer revolved. In the confusion and darkness it was not safe to run ahead, with the danger of colliding with unseen objects on the earth.

They tried to peer from the windows, but could see nothing. A moment later, as they stared at each other with fear in their eyes, there came a shock. The ship trembled from end to end.

"We've landed!" cried Tom, as he yanked back on the levers. The airship came to a stop.

"Now to see where we are," said Mr. Sharp grimly, "and how badly we are wrecked."

title: Page:Tom Swift and His Airship.djvu/186


text:
Page:United States Statutes at Large Volume 83.djvu/729

 83 S T A T. ]

PUBLIC LAW 91-172-DEC. 30, 1969

" T a b l e 1—If the payi-oll period w i t h respect to an employee is WEEKLY " (a) S i n g l e P e r s o n — I n c l u d i n g H e a d of H o u s e h o l d: The amount of income tax to be with"If the amount of wages i s: held shall be: Not over $19 0. Over $19 but not over $38 14% of excess over $19. Over $38 but not over $58 $2.66 plus 17% of excess over $38. Over $58 but not over $96 $6.06 plus 19% of excess over $58. Over $96 but not over $183 $13.28 plus 20% of excess over $96. Over $183 but not over $221 $30.68 plus 21% of excess over $183. Over $221 $38.66 plus 23% of excess over $221. "(b) Married Person: The amount of income tax to be with"If the amount of wages i s: held shall be: Not over $19 0. Over $19 but not over $38 14% of excess over $19. Over $38 but not over $96 $2.66 plus 15% of excess over $38. Over $96 but not over $183 $11.36 plus 16% of excess over $96. Over $183 but not over $288 $2.5.28 plus 19% of excess over $183. Over $288 but not over $442 $45.23 plus 22% of excess over $288. Over $442 $79.11 plus 27% of excess over $442.

"Table 2—If the payroll period with respect to an employee is BIWEEKLY " (a) Single Person—Including Head of Household: "If the amount of wages is: Not over $38 Over $38 but not over $77 Over $77 but not over $115 Over $115 but not over $192 Over $192 but not over $365 Over $365 but not over $442 Over $442

The amount of income tax to be withheld shall be: 0. 14% of excess over $38. $5.46 plus 17% of excess over $77. $11.92 plus 19% of excess over $115. $26.55 plus 20% of excess over $192. $61.15 plus 21% of excess over $365. $77.32 plus 23% of excess over $442.

" (b) Married Person: "If the amount of wages is: Not over $38 Over $38 but not over $77 Over $77 but not over $192 Over $192 but not over $365 Over $365 but not over $577 Over $577 but not over $885 Over $885

The amount of income tax to be withheld shall be: 0. 14% of excess over $38. $5.46 plus 15% of excess over $77. $22.71 plus 16% of excess over $192. $50.39 plus 19% of excess over $365. $90.67 plus 22% of excess over $577. $1.58.43 plus 27% of excess over $885.

" T a b l e 3—If the p a y r o l l period w i t h respect to an employee is SEMIMONTHLY " (a) S i n g l e P e r s o n — I n c l u d i n g H e a d of H o u s e h o l d: The amount of income tax to be with"If the amount of wages is: held shall be: Not over $42 0. Over $42 but not over $83 14% of excess over $42. Over $83 but not over $125 $5.74 plus 17% of excess over $83. Over $125 but not over $208 $12.88 plus 19% of excess over $125. Over $208 but not over $396 $2a65 plus 20% of excess over $208. Over $396 but not over $479 $66.25 plus 21% of excess over $396. Over $479 $83.68 plus 23% of excess over $479.

701

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text:
Page:United States Statutes at Large Volume 83.djvu/730

 702

PUBLIC LAW 91-172-DEC. 30, 1969

[83 STAT.

"(b) Married Person: 'If the amount of wages i s: Not over $42 Over $42 but not over $83 Over $83 but not over $208 Over $208 but not Ov^er $396 Over $396 but not over $625 Over $625 but not over $958 Over $958

'Table

The a m o u n t of income tax to b e withheld shall b e: 0. 14% of excess over $42. $5.74 plus 1 5 % of excess over $83. $24.49 plus 16% of excess over $208. $54.57 plus 19% of excess over $396. $98.08 plus 2 2 % of excess over $625. $171.34 plus 2 7 % of excess over $958.

If the payroll period with respect to an employee is MONTHLY

" (a) Single Person—Including Head of Household: 'If the amount of wages i s: Not over $83 Over $83 but not over $167 Over $167 but not over $250 Over $250 but not over $417 Over $417 but not over $792 Over $792 but not over $958 Over $958 '•(b) Married

The amount of income tax to be withheld shall b e: 0. 14% of excess over $83. $11.76 plus 17% of excess over $167. .$25.87 plus 19% of excess over $250. $57.60 plus 20% of excess over $417. $132.60 plus 2 1 % of excess over $792 $167.46 plus 2 3 % of excess over $9.58.

Person:

'If the amount of wages i s: Not over $83 Over $83 but not over $167 Over $167 but not over $417 Over $417 but not over $792 Over $792 but not over $1,250 Over $1,250 but not over $1.917 Over $1,917

The amount of income tax to b e withheld shall b e: 0. 14% of excess over $83. $11.76 plus 15% of excess over $167. $49.26 plus 16% of excess over $417, $109.26 plus 19% of excess over $792. $196.28 plus 22% of excess over $1 250. $343!o2 "plus 2 7 % of excess over $1,917.

• ' T a b l e 5 — I f the p a y r o l l period w i t h r e s p e c t to a n e m p l o y e e is QUARTERLY " (a) S i n g l e P e r s o n — I n c l u d i n g H e a d of H o u s e h o l d: "If the amount of wages i s: Not over $250 Over $250 but not over $500 Over $500 but not over $750 Over $750 but not over $1,250— Over $1,250 but not over $2,375. Over $2,375 but not over $2,875. Over $2,875 •'(b)

Married

Person:

'If the amount of wages i s: Not over $250 Over $250 but not over $500 Over $500 but not over $1,250___ Over $1,250 but not over $2,375. Over $2,375 but not over $3,750. Over $3,750 but not over $5,750. Over $5,750

The amount of income tax to be withheld shall b e: 0. 14% of excess over $250. $35.00 plus 17% of excess over $500. $77.50 plus 19% of excess over $750. $172.50 plus 20% of excess over $1,250. $397.50 plus 2 1 % of excess over $2,375. $502.50 plus 2 3 % of excess over $2,875. The amount of income tax to be withheld shall b e: 0. 1 4 % of excess over $250. $35.00 plus 1 5 % of excess over $500. $147.50 plus 1 6 % of excess over $1,250. $327.50 plus 1 9 % of excess over $2,375. $588.75 plus 2 2 % of excess over $3 750. $1,028.75 plus 2 7 % of excess over $5,750.

�


text:
Page:United States Statutes at Large Volume 83.djvu/731

 83 STAT. ]

PUBLIC LAW 91-172-DEC. 30, 1969

"Table 6—If the payroll period with respect to an employee is SEMIANNUAL " (a) Single Person—Including Head of Household: "If the amount of wages is: Not over $500 Over $500 but not over $1,000 Over $1,000 but not over $1,500— Over $1,500 but not over $2,500___ Over $2,500 but not over $4,750___ Over $4,750 but not over $5,750— Over $5,750

The amount of income tax to be withheld shall be: 0. 14% of excess over $500. $70.00 plus 17% of excess over $1,000. $155.00 plus 19% of excess over $1,500. $345.00 plus 20% of excess over $2,500. $795.00 plus 21% of excess over $4,750. $1,005.00 plus 23% of excess OA^er $5,750.

"(b) Married Person: "If the amount of wages is: Not over $500 Over $500 but not over $1,000 Over $1,000 but not over $2,500___ Over $2,500 but not over $4,750— Over $4,750 but not over $7,500— Over $7,500 but not over $11,500__ Over $11,500

The amount of income tax to be withheld shall be: 0. 14% of excess over $500. $70.00 plus 15% of excess over $1,000. $295.00 plus 16% of excess over $2,500. $655.00 plus 19% of excess over $4,750. $1,177.50 plus 22% of excess over $7,500. $2,057.50 plus 27% of excess over $11,500.

" T a b l e 7—If the p a y r o l l period w i t h respect to a n employee is ANNUAL " (a) S i n g l e P e r s o n — I n c l u d i n g H e a d of H o u s e h o l d: The amount of income tax to be with"If the amount of wages is: held shall be: Not over $1,000 0. Over $1,000 but not over $2,000— 14% of excess over $1,000. Over $2,000 but not over $3,000— $140 plus 17% of excess over $2,000. Over $3,000 but not over $5,000 $310 plus 19% of excess over $3,000, Over $5,000 but not over $9,500— $690 plus 20% of excess over $5,000. Over $9,500 but not over $11,500— $1,590 plus 21% of excess over $9,500. Over $11,500 $2,010 plus 23% of excess over $11,500.

"(b) Married Person:

"If the amount of wages is: Not over $1,000 Over $1,000 but not over $2,000 Over $2,000 but not over $5,000__ Over $5,000 but not over $9,500— Over $9,500 but not over $15,000— Over $15,000 but not over $23,000— Over $23,000

The amount of income tax to be withheld shall be: 0. 14% of excess over $1,000. $140 plus 15% of excess over $2,000. $590 plus 16% of excess over $5,000. $1,310 plus 19% of excess over $9,500. $2,355 plus 22% of excess over $15,000. $4,115 plus 27% of excess over $23,000.

703

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text:
Page:United States Statutes at Large Volume 83.djvu/732

 704

PUBLIC LAW 91-172-DEC. 30, 1969

[83 STAT.

"Table 8—If the payroll period Avitk respect to an employee is a D A I L Y payroll period or a niiscellaneoiis payroll period a

(a) Single Person—Including Head of Household:

"If the amount of wages divided by the number of days in the payroll period The amount of income tax to be withis: held shall b e: Not over $2.70 0. Over $2.70 but not over $5.50 14% of excess over $2.70. Over $5.50 but not over $8.20 $0.39 plus 17% of excess over $5..50. Over $8.20 but not over $13.70 $0.85 plus 19% of excess over $8.20. Over $13.70 but not over $26.00 $1.90 plus 20% of excess over $13.70. Over $26.00 but not over $31.50 $4.36 plus 2 1 % of excess over $26.00. Over $31..50 $5..">1 plus 2 3 % of excess over $31.-50.

" (b) Married Person: "If the amount of wages divided by the number of days in the payroll period The amount of income tax to be withis: held shall be: Not over $2.70 0. Over $2.70 but not over $5.50 14% of excess over $2.70. Over $5.50 but not over $13.70 $0.39 plus 1 5 % of excess over $5.50. Over $13.70 but not over $26.00___ $1.62 plus 16% of excess over $13.70. Over $26.00 but not over $ 4 1. 1 0 — $3.59 plus 19% of excess over $26.00. Over $41.10 but not over $63.00___ $6.46 plus 22% of excess over $41.10. Over.$63.00 $11.28 plus 2 7 % of excess over $63.00." (b)

80 Stat. 4 1. 26 USC 3402.

PERCENTAGE METHOD OF WITIUIOEDING.— (1) WAGES PAID BEFORE JULY i, 1970.—Effective

with respect to wages paid after December 31, 1969, and before July 1, 1970, the table contained in section 3402(b)(1) is amended to read as follows: "Percentage Method Withholding Table Amount of one withholding exemption:

"Payroll period

Weekly Biweekly Semimonthly Monthly Quarterly Semiannual Annual Daily or miscellaneous (per day of such period)

$11. 50 23.0<3 25.00 .50.00 1.50. 00 300.00 600. 00 1.60."

(2) "WAGES PAID I N IOTO AXD IOTI.—Effective with respect to wages ]3aid after June 30, 1970, and before January 1, 1972, the table contained in section 3402(b)(1) is amended to read as follows: "Percentage Method Withholding Table "Payroll period

Weekly Biweekly Semimonthly Monthly Quarterly Semiannual Annual Daily or miscellaneous (per day of such period)

Amount of one withholding exemption:

$12. 50 25. 00 27.10 54. 20 162. 50 325. 00 650. 00 1. 80."

(3) WAGES PAID DURIXG 1972.—Effective with respect to wages paid during 1972, the table contained in section 3402(b)(1) is amended to read as follows:

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text:
Page:United States Statutes at Large Volume 83.djvu/733

 83 STAT. ]

PUBLIC LAW 91-172-DEC. 30, 1969

705

"Percentage Method Withholding Table Amount of one withholding exemption:

"Payroll period

Weekly Biweekly Semimonthly Monthly Quarterly Semiannual Annual Daily or miscellaneous (per d a y of such period)

$13. 50 26.90 29. 20 58. 30 175. 00 350. 00 700. 00 1.90."

(4) WAGES PAID AFTER 1972.—Effective with respect to wages paid after 1972, the table contained in section 3402(b)(1) is amended to read as follows:

^"'e, p. 704.

" P e r c e n t a g e Method Withholding Table Amount of one withholding exemption:

"Payroll period

Weekly Biweekly Semimonthly Monthly Quarterly Semiannual Annual Daily or miscellaneous (per day of such period)

$14. 40 28. 80 31.30 62. 50 187. 50 375. 00 750. 00 2.10."

(c) WAGE BRACKET WITHHOLDING.—Section 3402(c) (relating to 78 Stat. HO. wage bracket withholding) is amended— (1) by striking out paragraph (1) and inserting in lieu thereof the following: "(1) A t the election of the employer with respect to any employee, the employer shall deduct and withhold upon the wages paid to such employee a tax (in lieu of the tax required to be deducted and withheld under subsection (a)) determined in accordance with tables prescribed by the Secretary or his delegate in accordance with paragraph (6).", and (2) by striking out paragraph (6) and inserting in lieu thereof 82 Stat. 259. the following: "(6) I n the case of wages paid after December 31, 1969, the amount deducted and withheld under paragraph (1) shall be determined in accordance with tables prescribed by the Secretary or his delegate. I n the tables so prescribed, the amounts set forth as amounts of wages and amounts of income tax to be deducted and withheld shall be computed on the basis of table 7 contained in paragraph (1), (2), (3), (4), or (5) (whichever is applicable) of subsection (a). " Ante, p. ese. (d) ALTERNATIVE METHODS OF COMPUTING AMOUNT To B E W I T H -

HELD.—Section 3402(h) (relating to withholding on basis of average wages) is amended to read as follows: " (h) ALTERNATIVE METHODS OP COMPUTING AMOUNT To B E W I T H -

HELD.—The Secretary or his delegate may, under regulations prescribed by him, authorize— "(1) WITHHOLDING

ON BASIS OF AVERAGE WAGES.—An

em-

ployer— " (A) to estimate the wages which will be paid to any employee in any quarter of the calendar year, " (B) to determine the amount to be deducted and withheld upon each payment of wages to such employee during such quarter as if the appropriate average of the wages so estimated constituted the actual wages paid, and

^^A Stat. 469.

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text:
Page:United States Statutes at Large Volume 83.djvu/734

 706

II fj^^' if^n

PUBLIC LAW 91-172-DEC. 30, 1969

[83 STAT.

" (C) to deduct and withhold upon any payment of wages to such employee during such quarter (and, in the case of tips referred to in subsection (k), within 30 days thereafter) such

26 USC 3402.

,

,

^ " ' ^

j

T

, ii*^

,

i

n

amount as may be necessary to adjust the amount actually deducted and withheld upon the wages of such employee during such quarter to the amount required to be deducted and withheld during such quarter without regard to this subsection. "(2)

WITHHOLDING ON BASIS or ANNUALIZED WAGES.—An

em-

ployer to determine the amount of tax to be deducted and withheld upon a payment of wages to an employee for a payroll period by— " (A) multiplying the amount of an employee's wages for a payroll period by the number of such payroll periods in the calendar year, " (B) determining the amount of tax which would be required to be deducted and withheld upon the amount determined under subparagraph (A) if such amount constituted the actual wages for the calendar year and the payroll period of the employee were an annual payroll period, and " (C) dividing the amount of tax determined under subparagraph (B) by the number of payroll periods (described m subparagraph (A)) in the calendar year. "(3)

Ante, pp. 686, ^^'

705

WITHHOLDING ON BASIS OF CUMULATIVE WAGES.—An em-

ployer, in the case of any employee who requests to have the amount of tax to be withheld from his wages computed on the basis of his cumulative wages, to— " (A) add the amount of the wages to be paid to the employee for the payroll period to the total amount of wages paid by the employer to the employee during the calendar year, " (B) divide the aggregate amount of wages computed under subparagraph (A) by the number of payroll periods to which such aggregate amount of wages relates, " (C) compute the total amount of tax that would have been required to be deducted and withheld under subsection (a) if the average amount of wages (as computed under subparagraph (B)) had been paid to the employee for the number of payroll periods to which the aggregate amount of wages (computed under subparagraph (A)) relates, " (D) determine the excess, if any, of the amount of tax computed under subparagraph (C) over the total amount of tax deducted and withheld by the employer from wages paid to the employee during the calendar year, and " (E) deduct and withhold upon the payment of Avages (referred to in subparagraph (A)) to the employee an amount equal to the excess (if any) computed under subparagraph (D). "(4) OTHER METHODS.—An employer to determine the amount of tax to be deducted and withheld upon the wages paid to an employee by any other method which will require the employer to deduct and withhold upon such wages substantially the same amount as would be required to be deducted and withheld by applying subsection (a) or (c), either with respect to a payroll period or with respect to the entire taxable year." (e) WITHHOLDING ALLOWANCES BASED ON ITEMIZED DEDUCTIONS.—

80 Stat. 59.

Section 3402(m) (relating to withholding allowances based on itemized deductions in the case of income tax collected at source) is amended:

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text:
Page:United States Statutes at Large Volume 83.djvu/735

 83 STAT. ]

PUBLIC LAW 91-172-DEC. 30, 1969

707

(1) by redesignating ]){iragrapli (2)(C) as paragraph (2)(D), and (2) by amending that portion of sneli section as precedes paragraph (2)(D) (as redesignated) to read as follows: " (m) AYlTHHOLDIXG ALLOWANCES B A S E D ON ITEMIZED D E D I C T'lONS.— ''(1) GENERAL RULE.—An eni]iloyee shall be entitled to with-

holding allowances nnder this subsection with respect to a payment of wages in a number equal to the number deteiinined by dividing by $750 the excess of— " (A) his estimated itemized deductions, over " (B) an amount equal to 15 percent of his estimated wages. For purposes of this subsection, a fractional number shall not be taken into account unless it amounts to one-half or ujore, in which case it shall be increased to 1. "(2) DEEiNrnoNS.—P\)r purposes of this subsection— " (A) ESTIMATED ITE^ITZED DEDICTIOXS.—The term 'estimated itemized deductions' means the aggregate amount which he reasonably expects Avill be allowable as deductions under cha]iter 1 (other than the deductions referred to in sections 141 and 151 and other than the deductions required to be taken into account in determining adjusted gross income under section 62) for the estimation year. Tn no case shall such aggregate amount be greater than the sum of (i) the amount of such deductions (or the amount of the standard deduction) reflected in his return of tax under subtitle A for the taxable year preceding the estimation year, and (ii) the amount of his determinable additional deductions for the estimation year. " (B) EsrnrATED WAGES.—The term 'estimated wages' means the aggregate amount which he reasonably expects will constitute wages for the estimation year. " (C) PETEr.AriNAHLE ADDTnoNAL DEurcTioNS.—The term 'determinable additional deductions' means those estimated itemized deductions which (i) are in excess of the deductions referred to in subparagraph (A) (or the standard deduction) reflected on his return of tax under subtitle A for the taxable year preceding the estimation year, and (ii) are demonstrably attributable to an identifiable event during the estimation year or the preceding taxable year which can reasonably be exl)ected to cause an increase in the amount of such deductions on the return of tax under subtitle A for the estimation year." (f) EMPLOYEES INCURRING No INCO:ME TAX LiAiiiLiTY.— (1) I N GEXEP.AL.—Section o402 (relating to income tax collected at source) is amended by adding at the end thereof the following new subsection: " (n) EMPLOYEES IX ( rinnNG Xo Ixro:srE TAX LTAHILITY.—Notwithstanding any other provision of this section, an employer shall not be required to deduct and withhold any tax under this chapter upon a payment of wages to an employee if there is in effect with respect to such Dayment a withholding exemption certificate (in such form and containinir such other information as the Secretary or his delegate may prescribe) furnished to the employer by the employee certifying that the employee— "(1) incurred no liability for income tax imposed under subtitle A for his preceding taxable year, and "(2) anticipates that he will incur no liability for income tax imposed under subtitle A for his current taxable year.

eie^^eis.^' "^^' 26 USC i4i, isi. ^6 USC 62.

i"\%^\^}lt-

26 USC 3402.

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text:
Page:United States Statutes at Large Volume 83.djvu/736

 708

68A Stat. 747. 26 USC 6051.

PUBLIC LAW 91-172-DEC. 30, 1969

[83 STAT.

The Secretary or his delegate shall by regulations pro\i(le for the coordination of the provisions of this subsection with the provisions of subsection (f)." (2) CONFORMING AMENDMENT.—The first sentence of section 6061 (relating to receipts for employees) is amended by striking out "under section 8402 if"' and inserting "under section 3402 (determined without regard to subsection (n)) if". (g) EXTENSION OF WITHHOLDING TO PAYMENTS OTHER

Ante, p. 707.

THAN

WAGES.—Section 3402 (relating to income tax collected at source) is amended by adding after subsection (n) (added by subsection (f)) the following new subsections: " (o) EXTENSION OF WITHHOLDING TO CERTAIN PAYMENTS OTHER I ' H A N WAGES.— "(1) GENERAL RULE.—For purposes of this chapter (and so

much of subtitle F as relates to this chapter)— " (A) any supplemental unemployment compensation benefit paid to an individual, and ' ' (B) any payment of an annuity to an individual, if at the time the payment is made a request that such annuity be subject to withholding under this chapter is in effect, shall be treated as if it were a payment of wages by an employer to an employee for a payroll period. " (2) DEFINITIONS.— " (A) SUPPLEMENTAL

UNEMPLOYMENT

COMPENSATION

BENEFITS.—For purposes of paragraph (1), the term 'supplemental unemployment compensation benefits' means amounts which are paid to an employee, pursuant to a plan to which the employer is a party, because of an employee s involuntary separation from employment (whether or not such separation is temporary), resulting directly from a reduction in force, the discontinuance of a plant or operation, or other similar conditions, but only to the extent such benefits are includible in the employee's gross income. " (B) ANNUITY.—For purposes of this subsection, the term 'annuity' means any amount paid to an individual as a pension or annuity, but only to the extent that the amount is includible in the gross income of such individual. " (3) REQUEST FOR WITHHOLDING.—A request that an annuity be subject to withholding under this chapter shall be made by the payee in writing to the person making the annuity payments, shall be accompanied by a withholding exemption certificate, executed in accordance with the provisions of subsection (f)(2), and shall take effect as provided in subsection (f)(3). Such a request may, notwithstanding the provisions of subsection (f)(4), be terminated by furnishing to the person making the payments a written statement of termination which shall be treated as a wi*^hholding exemption certificate for purposes of subsection (f)(3)(B). "(p)

VOLUNTARY AVITHHOLDING AGREEMENTS.—The Secretary or

his delegate is authorized by regulations to provide for withholding— "(1) from remuneration for services performed by an employee for his employer which (without regard to this subsection) does not constitute wages, and "(2) from any other type of payment with respect to which the Secretary or his delegate finds that withholding would be appropriate under the provisions of this chapter, if the employer and the employee, or in the case of any other type of payment the person making and the person receiving the payment, agree to such withholding. Such agreement shall be made in such form and manner as the Secretary or his delegate may by regulations pro-

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text:
Page:United States Statutes at Large Volume 83.djvu/737

 83 STAT. ]

PUBLIC LAW 91-172-DEC. 30, 1969

709

vide. For purposes of this chapter (and so niuc]i of subtitle F as relates to this chapter) remuneration or other payments with respect to which such agreement is made shall be treated as if they were wages paid by an employer to an employee to the extent that such renumeration is paid or other payments are made during the period for which the agreement is in effect." (h) EFFECTIVE DATES.—

(1) The amendments made by subsections (a), (b), (c), (d), and (e) shall apply with respect to remuneration paid after December;U, 1969. (2) The amendment made by subsection (f) applies to wages paid after April 30, 1970. (3) Subsection (o) of section 3402 of the Internal Revenue Code of 1954, added by subsection (g) of this subsection, shall apply to payments made after December 31, 1970. Subsection (p) of such section 3402, added by subsection (g) of this section, shall apply to payments made after June 30, 1970.

TITLE IX—MISCELLANEOUS PROVISIONS Subtitle A—Miscellaneous Income T a x Provisions SEC. 901. EXCLUSION OF ADDITIONAL LIVING EXPENSES. (a) ExciASioN OF ADDITIONAL LIVING EXPENSES.—Part III of

subchapter B of chapter 1 (relating to items specifically excluded 8Q^|^J^*32" ^^' from gross income) is amended by renumbering section 123 as 124, 26 USC loiand by inserting after section 122 the following new section: 123. 'SEC. 123. AMOUNTS RECEIVED UNDER INSURANCE CONTRACTS FOR CERTAIN LIVING EXPENSES. " (a) GENERAL RULE.—In the case of an individual whose principal residence is damaged or destroyed by fire, storm, or other casualty, or who is denied access to his principal residence by governmental authorities because of the occurrence or threat of occurrence of such a casualty, gross income does not include amounts received by such individual under au insurance contract which are paid to compensate or reimburse such individual for living expenses incurred for himself and members of his household resulting from the loss of use or occupancy of such residence. "(b) LIMITATION.—Subsection (a) shall apply to amounts received by the taxpayer for living expenses incurred during any period only to the extent the amounts received do not exceed the amount by which— " (1) the actual living expenses incurred during such period for himself and members of his household resulting from the loss of use or occupancy of their residence, exceed "(2) the normal living expenses Avh'ch would have been incurred for himself and members of his household during such period." (b) CONFORMING AMENDMENT.—The table of sections for such part III is amended b,y striking out the last item and inserting in lieu thereof the following: "Sec. 123. Amounts received under insurance contracts for certain living expenses. "Sec. 124. Cross references to other Acts." (c) EFFECTIVE DATE.—The amendments made by this section shall

apply with respect to amounts received on or after January 1, 1969.

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text:
Page:United States Statutes at Large Volume 83.djvu/738

 710

PUBLIC LAW 91-172-DEC. 30, 1969

[83 STAT.

SEC. 902. DEDUCTIBILITY OF TREBLE DAMAGE PAYMENTS, FINES AND PENALTIES, ETC. (a)

ye^stlt^'gVs''^' 26 USC 162.

162 (relating to deduction of trade or business expenses) is amended by redesignating subsection (f) as subsection (h), and by inserting after subsection (e) the following new subsections: " (f) FINES AND PENALTIES.—No deduction shall be allowed under subsection (a) for any fine or similar penalty paid to a government for the violation of any law. "(g)

15 USC' ^5^^'

TREBLE DAMAGE PAYMENTS UNDER THE ANTITRUST LAWS.—

If in a criminal proceeding a taxpayer is convicted of a violation of the antitrust laws, or his plea of guilty or nolo contendere to an indictment or information charging such a violation is entered or accepted in such a proceeding, no deduction shall be allowed under subsection (a) for two-thirds of any amount paid or incurred— "(1) on any judgment for damages entered against the taxpayer under section 4 of the Act entitled 'An Act to supplement existing laws against unlawful restraints and monopolies, and for other purposes', approved October 15, 1914 (commonly known ^^ ^^^ Clayton Act), on account of such violation or any related violation of the antitrust laws which occurred prior to the date of the final judgment of such conviction, or "(2) in settlement of any action brought under such section 4 on account of such violation or related violation. The preceding sentence shall not apply with respect to any conviction or plea before January 1, 1970, or to any conviction or plea on or after such date in a new trial following an appeal of a conviction before such date." (b) BRIBES AND ILLEGAL KICKBACKS.—Section 162(c) (relating to improper payments to certain government officials or employees) is amended to read as follows: "(c)

Ante, p. 532.

F I N E S AND PENALTIES; TREBLE DAMAGE PAYMENTS.—Section

BRIBES AND ILLEGAL KICKBACKS.— "(1) ILLEGAL PAYMENTS TO GOVERNMENT omciiLs OR EM-

PLOYEES.—No deduction shall be allowed under subsection (a) for any payment made, directly or indirectly, to an official or employee of any government, or of any agency or instrumentality of any government, if the payment constitutes an illegal bribe or kickback or, if the payment is to an official or employee of a foreign government, the payment would be unlawful under the laws of the United States if such laws were applicable to such payment and to such official or employee. The burden of proof in respect of the issue, for the purposes of this paragraph, as to whether a payment constitutes an illegal bribe or kickback (or would be unlawful under the laws of the United States) shall be upon the Secretary or his delegate to the same extent as he bears the burden of proof under section 7454 (concerning the burden of proof when the issue relates to fraud), "(2) OTHER BRIBES OR KICKBACKS.—If in a criminal proceeding a taxpayer is convicted of making a payment (other than a payment described in paragraph (1)) which is an illegal bribe or kickback, or his plea of guilty or nolo contendere to an indictment or information charging the making of such a payment is entered or accepted in such a proceeding, no deduction shall be allowed under subsection (a) on account of such payment or any related payment made prior to the date of the final judgment in such proceeding. "(3) STATUTE OF LIMITATIONS.—If a taxpayer claimed a deduction for a payment described in paragraph (2) which is disallowed

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text:
Page:United States Statutes at Large Volume 83.djvu/739

 83 STAT. ]

PUBLIC LAW 91-172-DEC. 30, 1969

711

because of a final judgment entered after the close of the taxable year for which the deduction was claimed, and if the proceeding was based on an indictment returned or an information filed prior to the expiration of the period for the assessment of any deficiency for such taxable year, the period for the assessment of any deficiency attributable to the deduction of such payment shall not expire prior to the expiration of one year from the date of such final judgment, and such deficiency may be assessed prior to the expiration of such one-year period notwithstanding the provision of any other law or rule of law which would otherwise prevent such assessment." (c) EFFECTIVE DATES.—Section 162(f) of the Internal Revenue Code of 1954 (as added by subsection (a)) shall apply to all taxable years to which such Code applies. Section 162(g) of such Code (as added by subsection (a)) shall apply with respect to amounts paid or incurred after December 31, 1969. Section 162(c)(1) of such Code (as amended by subsection (b)) shall apply to all taxable years to which such Code applies. Sections 162(c)(2) and (3) of such Code (as amended by subsection (b)) shall apply with respect to payments made after the date of the enactment of this Act. SEC. 903. ACCRUED VACATION PAY. Section 97 of the Technical Amendments Act of 1958 is amended by go^stat\'o2^;!^' striking out January 1, 1969" and inserting in lieu thereof "Jan26 USC i62 uary 1, 1971". "°*^SEC. 904. DEDUCTION OF RECOVERIES OF ANTITRUST DAMAGES, ETC. (a) DEDUCTION ALLOWED.—Part VI of subchapter B of chapter 1 (relating to itemized deductions for individuals and corporations) is amended by adding after section 185 (as added by section 705 of this ^"te, p. 672. Act) the following new section: "SEC. 186. RECOVERIES OF DAMAGES FOR ANTITRUST VIOLATIONS, ETC. '"(a) ALLOWANCE or DEDUCTION.—If a compensatory amount which is included in gross income is received or accrued during the taxable year for a compensable injury, there shall be allowed as a deduction for the taxable year an amount equal to the lesser of— "(1) the amount of such compensatory amount, or "(2) the amount of the unrecovered losses sustained as a result of such compensable injury. " (b) COMPENSABLE I N J U R Y. — For purposes of this section, the term 'compensable injury' means— "(1) injuries sustained as a result of an infringement of a patent issued by the United States, "(2) injuries sustained as a result of a breach of contract or a breach of fiduciary duty or relationship, or "(3) injuries sustained in business, or to property, by reason of any conduct forbidden in the antitrust laws for which a civil action may be brought under section 4 of the Act entitled 'An Act to supplement existing laws against unlawful restraints and monopolies, and for other purposes', approved October 15, 1914 (commonly knowm as the Clayton Act). 38 Stat. 731 '5 "'^'^ ^ "(c) COMPENSATORY AMOUNT.—For purposes of this section, the '".use 15. term 'compensatory amount' means the amount received or accrued during the taxable year as damages as a result of an award in, or in settlement of, a civil action for recovery for a compensable injury, reduced by any amounts paid or incurred in the taxable year in securing such award or settlement.

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