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FINANCE
Earned incomes of $1000, $5000, and $10,000 pay income-tax respectively of $45, $625, and $1833. Earned and unearned incomes of $25,000, $50,000, and $100,000 pay combined income-tax and super-tax of $7021, $16,396, and $37,646 respectively. Any possessor of an income of $500,000 pays to the Treasury a sum of $207,646.
In broad terms, the Excess Profits Tax is 60 per cent. of all traders' profits (husbandry in the United Kingdom excepted) which are in excess by more than $1000 of the average of any two out of the three years preceding the outbreak of the war. The duty is incident on all trades and businesses carried on in the United Kingdom, or elsewhere
