Asheville daily citizen., 1894-11-22
IT Is COMING.
Getting Ready to Put the Income Tax
In Operation.

Getting READY To fut the Income lux
In Operation.
WASHING GroN, Nov. lS-All that is
necessary to start the machinery OF the
la,ernal Revenue Bureau for the c,ll,c.
ton OF the income tax is an approprih-
tIn bv Congress to provide tor the EN-.
p!ovment Of additional de- uty collectors.
All the new regulations have been formu-
Lated by Commissioner Pugh but they
will not be made public until Jan. l
when the law goes into ttf.ct.
While this law more exl licitly d,hue>
the incomes wi lici shall he subject to tn.
new tax there are many loop holes TO-
technical evasions, and for this reason
the work Ct preparing Instructions t.
rolIcc .ors has be, II exceedingly difficult.
The Instructors issu2d in 1SG7-6S were
compressed into a two-paSc circular,
but the greater scope Of the present law
has ntccssltattd mote sweeping direc-
tons. to chcrkma.e false returns and
other fraudulent attempts to evade this
tax. Hundreds OF decisions have been
made bv the courts upon appeals from
h rulings OF assessors under the old
law, and the majority OF them have
m re or less BEARING upon the interpre.
tation OF tie new statute. All these
d.cisions have been carefully arranged
and summarized for the instruction OF
the collectors.
h,,t of ha
been made subject to a tax, it isexpected
that the bureau will experience consider.
able difficulty nob!aiuing accurate data.
a, the incor.s of individuals interested
in the corporations are likely to lead to
much confusion on the part of the tax
payers. 1t is this feature of .he law that
has called for the closest study. The
precedents tstablshed under the
old statute. it is believed, cover all of the
! ttehnichal protests that are likely to
grow out OF the taxing of the individual
incomes, so that there is little fear
that the government will not real.
izc. with comparatively small trou-
be, the full amount of the
tax from this source. The blank returns
for Individual and corporation incomes
have been prepared, end on each is
printed the exemptions allowed under
/ the law. The ,xemptluES have all been
arranged in simple form, so as to oobviate
all possible confusion on the part of the
individuals aud corporations who are
called upon to make the required state.
ments. Tue blanks are said to be entire.
ly diff rent from those used when he OLD
law was in force. The new resul ltions
and blanks for the returns are locked up
in the Ofiicc ot the internal revenue bu.
rrau, and. as thev have not been sun.
mitted to Secretary Carl sic for his ap.
proval, it is cot expected that they will
be put i'll printed form before the middle
of December.
The estimate made by Congress tha,
the income tax will ret the government
S3OOOO,OOO in revenue annually is be
lieved bv experts If the Internal Revenue
bureau to he very low. The earnings o
corporations have bcen cireiullv scrutin'
led and it is expected that the amount
realized from this source " i'll MT be les
than $4O,0O0.OO0, and may possibly
reach 5O,OU0,U00.
The arrangement of the machinery ioi
the collection OF the tax was lett by Con
gress entirely to the Internal Revenue
bureau, and plan governing all tn,
districts of the country has been ar
ranged. 1t is now believed that the esti
mate Of Commissioner Miller that It viii
require $50O,000 to execute this featur,
OF the law will be more than sufficient
although it is altogether probable tba,