UNITED STATES FEDERAL INCOME TAXATION)

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP70-00241R000600160015-8
• Release Decision: RIFPUB
• Original Classification: S
• Document Page Count: 1
• Document Creation Date: December 22, 2016
• Document Release Date: September 17, 2012
• Sequence Number: 15
• Publication Date: June 23, 1960
• Content Type: MF

Declassified and Approved For Release 2012/09/17 : CIA-RDP70-00241R000600160015-8
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MEMORANDUM FOR:
DRAFT
SUBJECT United States Federal Income Taxation
. As a participant in the United States Government Contract Per-
sonnel Retirement Program #1000, dated 23 June 1960, you understand
that the following
ie s are subject to United States Federal income
taxation, and you agree that deductions for such purpose may be made
therefrom by this organization:
(a) Those yearly payments of additional compensation into
your retirement account which are calculated at the rate of
3 1/2% of your basic contractual compensation.
(b) Interest earned on all monies credited to your retirement
account which are deposited in a United States banking insti-
tution.
. You understand that monetary credits accumulated in your
retirement account which are based upon 7% of your basic contractual
compensation are not subject to United States Federal income taxation.
For your information, these 7% credits total $ through
cob
United States Government Contracting Officer
ACKNOWLEDGED:
Name
Declassified and Approved For Release 2012/09/17: CIA-RDP70-00241R000600160015-8