The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1894-02-22
sAUK CENTRE HKRALD
THE INCOME TAX.

THE INCOME TAX.
Mech has been said relative to the iE-
come taR which has besa added &c .
rider 20 the Wilson bin. for the psrpess
Of mesting the deficiency of e75, o00. 900
which that unique taria.ior.Fevesus
Measure will impose upea the eOantry.
bst its provisions ara little saeesstsoa.
Says the New York ludspsndsat:
TAOss who have good, esmiortabis
iacones viii need 70 begin -
stuSy the income tax presisiose pretty
soon. unisss the eSaatt Shall ssecSsd In
haviag them eliniaated fron The WILSON
bill. Men who rsmsMbeT war times aad
inquisitioas Of internal gsvsaus agate
win feel like rubbing their eye aid lsek.
Aroundto zee whethst thess Ysars do
Hot beloAk to the /" Si1tisa" Instead Of
the EinssAes." It sjsst like dsnsSRatis
psrversity. however. They .denSunesd
the inesrae tai whsni u vac . dire ns-
essslty; they adopt Il aoW WhsA Il b
HOt at nj needed. What zee "saeOn.
stitutioaal." "inqsisitOrial" 5aad op.
prSssivs during the duress Of var, vixen
the saving Of the essHtry Waa The para
msunt consideration. 70 now in peace
proper and eommssdabla.
Bat the csuutry's nose 10 at the grisd-
stone. and tke psPulist spirit controls
the power that turnS il. and there 70
nothing for It. IL the senate tail 90, bot
60 heed the commaad: "Csme. pFspaEe!'
The tax 10 two per cert. lei 10 to b
kVied on ali incomes, Perssnsl or other
Hiss. Of more than $4,000. ia nae
has "a income Of $4,000 he viii paJ
two PER esat on $1,000. $4,000 ksisG
exempted. Thss.langusEs 81 the blu 10
''ovsT a.d above" A,oeo.
Incomes are 20 include the gaias aHd
profits tTon al property. business. trade
or profession, interest SsesivsA frosr
AoSds. HaOrtEagss notss Sad ell ether
securities. premiumS On bOads. nstss or
coupons; salesor live stock, vegetables
and all pfOduce; oil profits In busiasss.
whsther divided or not; preGts en- Gales
Of real estate purchassd Withia two
years Of the time Of the sale; interest &C.
crusd, whether paid or net. IL good and
collsetible; salaries, etc. =
Deductions may be made for iatsrlst
received from United States Aonds Gpe-
cially exempted from federal taxatisn;
necessary sxpsaSss in carrying on busi.
ness interest due sr paid within the
year or existing Indebtedness: national,
state county, school or naaieipal taxes.
leases BY Gre. shipWreck. or in trade, il
not covered bV insurance Or sthGrWiss
eompensatedfOr; debts ascsrtained to be
worthless; farm produce consumed BY
the family Of the producer; income fren
cooperate ms on which the corperati sn
income tAx has been paid by the prsper
sfheer thereof Guardians may deduct
$4,000 from the income OF each Of the1s
wards, except whore two Or more wardl
are comprised in enc family aad haze G
joint property interest. In ssch eases
only 81. 900 may be deducted frsm the
income for all. This last ruls applies
alsc. TO families composed Of husband
and wife, or one or both pareats add
one or more minor children. No dsdac'
tioa 10 to be made for depreciation and
loss On real estate purchased within TIVE
ysars. nor for expenditures en- improve
ments Of property.
Senator's, representatives, and I'll
officers and employees Of the Unitsa
States Government receiving Q rsRulas
salary Of upward Of IS, o0s nsst pay All
income tag, which 10 to be deducted
from their paw by the Disturbing officers
Incomes are to be reckoned BY thu
caieRdar year. The tar il due July let
A. tho act 10 intended to take eHeet Jan
LIST, 1895. no income tau will Be du.
until 1896.
All corporations OF compaaiss paying
salaries OF more than -. 900 are required
to deduct theretrom and pay IL over
All returns m1st, OF course, be sw0sh ID
AMI penalties are provided for falls
swearing. The books Of all bushes.
firms must be submitted to Inspection ii
all reasonable tinss, Tor the parposs o.
verifying returns made. Rsturns must
Be made annually OF ~ the Eross profit.
l2) the expenses, exclusive Of interest
annunities and dividends; ~ tn.
net prof ts, including an alIO wanc.
for interest, dividends, etc: ~ th.
amount paid in iaterest, annuities and
dividends; (5) the amount paid in cal
aries Of "a, 900 or less; (e) the amount
paid in salaries OF -, 900 or more.
The act wisely makes provision fer th.
puniGhment Of Internal revenue oncsrG
or agents who divulgein any manner H.
formation they. obtain Of the income
and business Of perssns OF firms.
Such are the main featurco Of THE in
quisitorial and justly odiOus system
which the dsmOeFats propose to Gastsn
upon the country. 1t hits the populisi
fancy because it hits the purse Of wealth
and they consider it Q great stroke to
vote the money out sGths pocksts Of
others. The democrats Of the hOasS
Solmnly certify that this 10 StatesmaE-
ship.
GOOD DOCTRINE.
At meeting Of the Union League Al
Yndsa noOiIa m ioeoinIa h;rfk.dav 81.