Original printed byline: Author not credited
Originally published in The Paper, April 1970. Dates, prices and contacts are historical; current availability is not established.
Use this information to answer your questions and those of your friends concerning the new income tax reform bill. Remember that this change in rate will mean a reduction in taxes to about 250,000 Missouri families.
INCOME TAX COMPARISON
These calculations show the state income tax of various size families, at various salary levels, under present rates and under those in Senate Bill No. 1. These calculations were made assuming present provisions of the federal income tax, the filing of a joint return, and the use of the standard deduction, which is 5% under present rates and 10% under the proposed bill. The amount of tax due would be considerably lessened if the 1969 Tax Reform Act is passed by Congress. Standard deductions would be increased from 10% to 15% under that Act. (From Committee Information Please)
Original photograph caption
Income Tax Comparison: present rates and Senate Bill No. 1. Printed source: Committee Information Please. The Paper, April 1970, page 4. Historical 1970 tax information.
Originally published in The Paper, April 1970.
Read this article in the original newspaper issue.
Archival transcription note: Original numerical table reproduced from source PDF image rather than undocumented OCR numbers. Organization is printed table-source credit, not a personal byline. Historical figures not current tax guidance.
Original source: SD_Times1970_04.pdf, printed page(s) 4; PDF page(s) 4.
