This assumes utilization of the $600 exemption per person and the optional standard deduction of 10 percent or $350. In effect. the same Government which recogmzes the need of a family of four for an annual income of $3.500 is unwilling to grant the same family sufficient exemptions from income taxes to pay for their own cost of living. Following the Castro takeover in Cuba. our Government established a grant of $1.000 per year for Cuban children refugees in this country Here again. the Government has given official recognition to the fact that no one can provide the bare necessities of life for less than $1.000 per year. It is estimated that an increase of $200 per year in the allowed personal exemption will cost the U.S. Treasury receipts of $6 billion per year.
Keywords matched
refugees