The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1894-12-21
for him. but he heard seven people laugh,
ana he backed out and went into another
car.-Detroit Free Press. q, .
READY TO TAX YOUR. INCOME,

u
sConsanissis nes PqshsH = Preparss, lsexu-
Stations : Only Approprin: iou% Nee,isI. -
All that is necessary to start the mn.
chinery of the internal revenue bureau for
The collection OF the inet,a,&se tt.ss4issS,,s
preparation by Congress to pr0vitle Tor tiS
employment Of additional deputy collect
ors. All the new regulations have been
formulated by Commissioner Pugh, but
they will not be made public until Janl-
airy when the law goes into effect.
While this law more explicitly defines
the incomes which shall be subject to tho
new tax, there arc many loophrles for
technical evnsOnS. and the New York
World says that for this reason the work
of preparing instructions tOScollecturS has
been exceedingly Alittieult The nstruc-
tions issued in lSt;7-tiS We're compressed
into II two-lmge circular, but the greater
scope of the present law has necessit,,tetl
false returns md other fraud0lent at.
ten.pts t. eyade this StaN, Hunttrrts Of
decisions have sheen made by tIlessruurts
upon appeals from the rulings Ut asses-
sors under the old law, aud tn, ma jority
OF them have more or less bearing upon
the intcrpreta ton Of the. new statute. All
these atcc;SionS have been carefully ar
ranged and summarized for the instruc-
ton Of the collectors. 81
1Iie incomes 5of corporations having
been made subject to Il tax, it is expected
that the bureau will experiences considers
able difficulty In obtaining accurate data,
lis the incomes of the individuals inter
c>tcd i'll the corporations are likely to
lead to much coHinsion on the part Of
the taxpayers. 1t is this feature of the
law THAT has callEl for the closest study.
The prece,lehs established under thu Old
statute, it is believed. cover ail of the
technical protests that are likely to grow
out of the taxing Of the individuals in
COMES, 50 .Ith;tt there il Slittle tear that
the government will not realize, with
comparatively small trouble, the full
amount of The tax from this source. The
blank returns from Individual and corpu-
ration incomes have been prepared, and
on each are printed the exemptions al-
have all been arranged in simple form,
so as to ohvi;ste all possible confusion ON
the part of the indWi d,als and corpora
TONS who are called upon tOamake the re-
uuired statements The blanks are said
to he entirely different from those used
when the old law was in force. The new
regulations and blanks for the returns
are locked up in tho office of the internal
revenue bureau, and, as they have not
been submitted to Secretary Carlisle for
his approval. it is not expected that they
will be put in printed form before the
nri,lIlle of December.
The estimates made by Congress that
the income tax will net the government
S}O,OVO,UW- in revenue annually is be-
ieve<l by experts of the internal revenue
bureau to be very low. The earnings of
corporations have been carefully sc,utin-
ized. and it is expected that the amount
-~s,lizesl from this source will not be less
han $4n.OoO,WNh and may possibly reach
S:,O.tNN. tNEl *
: 'nhe sstrrpi,geinen Of the machinery for
che collection Of the tax was left by Con
Hess entirely 4to, the internal revenue bu-
re;u;s and !, pla1, governing all The dis:
tr;cts of the country hats been arranged.
1t is now believed that the estimate Of
Commissioner Miller that it will require
$:dM.n;W to execute this feature Of the
law will be more than sufficient. although
it is attogether probable that Congress-
will he asked to make an ;ppropril tion
for this amount