Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-11-23

Washington. Nov 22.-Ail that Is
necessary to start the machinery of
the internal revenue bureau for the
collection Of the income TAX is an APP
preparation by congress to provide for
the employment OF additional deputy
collectors. All the new regulations
have been formulated by Commissioner
Push, but they will not be made public
nnul January /. when the law goes
While this law more expiicitlv de-
lines the incomes which shall be sub
lect to the new tax, there are many
loop-holes for technical eynslons, and
Tor THIS reason the work OF preparing
Instructions to collectors has been ex-
ceedingly difficult. The instructions is
sued In lS6T-6S were compressed into a
two-page circular, but the greater
scope of the present law has necessl-
lated more sweeping directions. TO
checkmate false returns and other
fraudulent attempts to evade this tax.
Hundreds OF decisions have bean made
by the courts upon appeals from the
rulings Of assessors under the old law,
and the majority OF them have more
or less bearing upon the Interpretation
OF the new statute. All these decisions
have been carefully arranged and SUM
lectors.
The incomes of corporations having
been made subject to a tax, It Is eN-
pected that the bureau will experience
considerable difficulty In obtaining ac-
curate data, as the incomes OF indlvid-
uals interested In the corp )raticns ari
likely to lead to much confusion on the
part OF the tax payers. II Is this fea-
tune of the law that has called for the
closest study. The preceeonts estab-
liShed under the old statute 1t Is be-
lieved, cover all OF the technical pro-
tests that are likely to grow out Of the
tlNing Cf the individual incomes so that
there is little fear tina: the government
viii not realize. with comparatively
small trouble the full amount of The
taN from this source The blank re-
turns for individual and corporation In
/ comes have been prepared. and On each
IS printed the exemptions allowed under
the law. The exemptions have all been
arranged In simple form, SO rs to obvl-
| ate all possible confusion on the part Of
| the individuals ana corporations who
tire called upon to make the required
statements. Tho blanks are said to be
entirely different from those used when
the old law was IN force. The new reg
ulations and blanks for the returns arc
| locked up In the office Of the internal
]
been submitted to Secretary Carlisle for
his approval, II is not expected that
they will be put in print form before
the middle of December,
The estimate made by congress that
the income tax will net the government
S3O0o0,0Oo In revenue annually Is be-
/ lieved by experts Of the internal rev.
enue bureau 10 be very low Tn earn
ings OF corporations have been carefully
scrutinlzel. ana II is expected that the
amount realized from this source Will
not be less than Si0O0O,0 900 and may pos
sibly reach S50,0O0,OO0
The arrangement of the machinery for
the collection OF the tax was left by
congress entirely to the internal rev
enue bureau. and plan governing all
the districts of the country has been ar
ranged. It Is now believed that the estl'
mate of Commissioner Miller that Il
will require $4,000 to execute this fea'
ture Of the law will be more than suill
cient, although Il is altogether probable
that congress will be asked to make al
appropriation for this amount