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Domestic News
February 27, 1922
The Cordova Daily Times
Cordova, Alaska
What is this article about?
In 1922, U.S. Secretary of the Treasury Mellon simplifies income tax return forms for those earning $5,000 or less, rearranging them for clarity and benefiting 80% of taxpayers by separating core facts from subsidiary questions.
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MONDAY, FEBRUARY 27, 1922
A SIMPLIFIED TAX RETURN
Those persons having incomes of $5,000 or less will find the task of making out their income tax returns this year an easy task rather than the distracting enigma it has proved to many in the past. Secretary of the Treasury Mellon has had the return forms entirely rearranged and simplified so that the taxpayer can see at a glance what information he must record for the benefit of the collector.
Only exact facts covering income, deductions and computation of tax are to be put on page 1 of the return, while page 2 is devoted to such subsidiary questions as citizenship, residence, address, and explanations. It is stated that 80 per cent of the tax payers will be benefited by the new form, and it is confidently predicted at the treasury that they will be greatly pleased by its appearance.
A SIMPLIFIED TAX RETURN
Those persons having incomes of $5,000 or less will find the task of making out their income tax returns this year an easy task rather than the distracting enigma it has proved to many in the past. Secretary of the Treasury Mellon has had the return forms entirely rearranged and simplified so that the taxpayer can see at a glance what information he must record for the benefit of the collector.
Only exact facts covering income, deductions and computation of tax are to be put on page 1 of the return, while page 2 is devoted to such subsidiary questions as citizenship, residence, address, and explanations. It is stated that 80 per cent of the tax payers will be benefited by the new form, and it is confidently predicted at the treasury that they will be greatly pleased by its appearance.
What sub-type of article is it?
Economic
What keywords are associated?
Income Tax
Simplified Return
Treasury Department
Mellon
Tax Forms
What entities or persons were involved?
Secretary Of The Treasury Mellon
Domestic News Details
Event Date
1922
Key Persons
Secretary Of The Treasury Mellon
Outcome
80 per cent of the tax payers will be benefited by the new form
Event Details
Secretary of the Treasury Mellon has rearranged and simplified income tax return forms for persons with incomes of $5,000 or less, making the task easier. Page 1 covers income, deductions, and tax computation; page 2 handles citizenship, residence, address, and explanations.