The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-12-30

tls Dldcler OF causing ali dealers IN
kaayang cards 70 stamp their stock as
pioNi'leu Ds me new as'"' Win cent
eistel Pa revenue Stamps MI Chase
says salat dix is slow business getting
nersous To r,f,ev this mandate a srsat
,,r - t,,z.,, :, y. ,,,,,;.x,,o 49, 49,.
- ~--- t-''- s-As'S my y
ce''''a sS4teu 70 stamp taie spocA on
hanl as well as those purcbase6 since
tg1e passage OF the act.
THE nev law as ra,rau,4s s7,co7~a !. :.
x,ose s,,t, afra,+ ,,..,.--s-
-. o's osseos aaio
al Gn2Se VINO are so fortunate as to
have an sncone over the sum of $500
will have to walk zip Ito the captaer.s
e,S57ee a,y7 ea4tla 80 ~,,.l,,-s.z.,.z =. - .
nj, = : -s''-s- - s''s'
1nat 1nere VIII be frequent violations
OF TINS law the officers do not hesitate
no state. That there will be suits ga
lore is conceded. In al probability the
roa.rts Will be called upon to decide
what constitutes AN income, and the
una'uter viii doubtless be a source of
Fexaition until the rulings OF the treas
Wy uelaa lanent are sustained, as they
W. WI ps Dssollu d ootpt, as tne measure
SdIeLnliy nraw1, and was sub
mflted 70 the Judgment of some Of the
fading attorneys OF the nation.
xrt
Under t1le resq,1a,tion, a,ravsr5ed ana
enynroves3t rs4,gss,,a M 8, law every ,TFi-
e,s - ~, $50 g.. e.si
go y taiS OliateU sotelsss Whelner ie-
Saolng al nome or abroddl and every
person residing or doing bus9ness in the
United States who has an annual in
.,,, ,t-. 80 a.. $1,000 m.
e ~, Gull. ~ ~aie s<1laS' Nsiltieu "
Ills OATH to the collector OF internal
revenue of the collection district in
n, sv,ch his s9,snss - -, ,,,-t1 r,,,,
- x ~.-s ss,-. - iS1i'
~nsnaa income ONE as received Is ssituaIted on
OF Delore GLe nrs- MONDAY m March Of
each year. The first return under the
law shall be made on al. before fine
s7rst afons7axr is s.Ta,,og, 1oos 81 e,,-,sI
snrI7,da ali ;roo,< q, W., r-.,,-s,
received in the year 1894, from the 1st
day of January to the 31st day of De-
cerr1ber In SAID S,7ear-. e,7,arssfans. tr,,s-
fx.as oy,7 oil -,,-So,,<- :. nj ,-,,--,,,.s
.,s,; =, tSsr,,s
gu ed to make similar returns for all
they act. ''-
"hat Sonstitutcs an income.
The gross gains profits and Incomes
returned by persons shall include:
[. Cross profits of any trade business
or vocation, wherever carried on,
.. Rents received or accrued during the
year.
3. Profits from sales of real estate pur-
chased within TWO years
4 Farming operations and proceeds.
+ :. Money and value of all personal prop
erty acquired by gift or inheritance
s. Premium on bonds. stocks. notes and
coupons
z Income from trade OF profession not
by stated salary and not heretofore emu
snerated
s, From salary or compensation other
than that received from the United
States
q Undivided gains and profits Of arv
nareaer.shir. - - ''-'
10. Interest received or accrued from III
notes. bonds or other securities
Il Interest on bonds on. counors maid
of any CORPORATION.
70 Dividends from co1pora+ions
r 1nnone IF wife or n,inor cb;5d mr.
,-11iIdre11S
ID All other sources Of ancor,a NOT
-eboxra en7,n1ara tod
The deIuctions allowed an tbe -et,,r,
ond t7,erein en7In7eT-ared are-
-Four fho1sand dollars axAn,n+ nv
law.
wear
National state. county. school and
municipal taxes paid, not including as
nTnTnt toe x mend 9ei in the purchase or
2g96G ;n non % OF 1--WE tOch OF produce so4o
o. Necessa sgdT, IN s peTryue o og
. Se e1 S,,ei,,.s ~, +y,sIe Al e
" ossaS a.t5IaiiT Sustained during +he
% 80, 49,
iii iosses on sales If real estate
,,,-1, go n, +s3Sy, w. I,eey-s
De11tS Ton4ra.t,ad aud ascarvtasned an
~. -. ~ he = Isro.tIla &C 40
Sei f. - ~. ,onnnay1Sotfor, oy,e7 q mn
FROM T-l1icy, +7,e tay of 4vv, ,1e,- ,enfiIm
49, bean 1visoIoeid nv officers Of the
United States government,
,f ' nos g1rofits from ,lornnraTions on
--,,;ss5, +J,e En- -1e- cent +aS 10 51eer1 Maid
~ - e 81 ~, '.o "
+S,e 90 81 Of ,1nr-residan+s the return
. s,n5 Cd f 1-e esdeats ana If not so fled
si3e 1soISx--for must make RETURN for the
s,oy-S-esident T1alxinqr allou,ance for ex-
.,,,n{in1,
The penalty for a fraudulent return IS
sbe ad5itio1, of ( per cent to the amount
s,et;;rn i; n eel of 100 per cent is add
ed. So II will he seen that the man who
sffen m : 10 %, evsde viii find himself in
not very enviable position. The exemp-
ssor, of s40 600 allowed 10 persons is not
extended to CORPORATIONS. but the return
must cover all net profits. without ex-
emption.
HOW corporations are heached'
The annual return of corporations must
include:
l. The gross profits of all kinds of bust
VlcSS
.. The expenses, exclusive Of interest,
annuities or dividends.
8. The net profits, without allowance
for interest, annuities or dividends.
4. The amount paid on account Of
interest, annuities and dividends.
5. The amount paid in salaries of $4,000
or less to each employee.
6. The amount paid in salaries of more
than 5000 to each employee and the
name and address OF each Of such en-
paoyees.
The gross proffts include: