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4 which was passed by the General Assembly to become effective for the tax year 1972.
THIS BILL provides a tax reduction for all categories of taxpayers up to $10,000 in taxable income and salaries and wages. Depending upon the number of exemptions and other factors, the reduction would vary.
For example, a single taxpayer with $3,000 of taxable income would receive a $15 reduction, a taxpayer with a family of four (including himself) and a taxable income of $5,000 would have a $17 reduction and a couple over 65 years of age with $5,000 taxable income would have a reduction of $5.
This tax reduction has been overlooked by . most people in considering the
96.6%