Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-03-03
FRENCH INCOME TAX
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CONTINUED from First Page.)
rent of the farm. Every farmer pays on
his profits exceeding $50.
Salaries, pensions, life annuities and such
incomes are subject to a tax on that por-
ton OF the income which exceeds: ~ for
pensions and life annuities, $3.50; C0 for
salaries exceeding $3.50 in a commune Of
5000 or less, exceeding $500 In a commune
800l to 10000. exceeding $3.50 up to 5000
Inhabitants, exceeding $500 for anything
above 5o,0oO, and exceeding $500 II the tax
payer lives in Paris.
| Ambassadors and consuls are exempted
from this tax. IL French ambassadors and
consuls are exempted from like taxation
abroad.
Every Individual or company employing
salaried assistants must forward to the
comptroller OF taxes a statement giving
employees names, rates OF pay and dura-
ton Of employment when less than a year.
This provision only applies to employees
whose salaries exceed 500 In q commune
OF 1900, $40 up 10 10000 inhabitants, $500 up
TO $1,000. $3.50 for over 5000 and 800 for
Paris. Every person or company paying
pensions or life annuities must furnish n
list Of all the recipients who have over
$3.50 a year.
The tax on professional incomes and all
incomes from occupations not included in
the previous categories is based on the
profits OF a year with a deduction OF from
$3.50 to 500. according to the population of
the commune, from 5000 10 over $1,000, and
OF $500 for Paris. Each taxpayer must pro-
vide the comptroller Of direct taxes with
the necessary information, accompanied by
proofs to enable him to assess the tax. An
| Incorrect declaration is punished by a nve-
fold tax.
Every person residing in France will pay
| the complementary tax based on his total
income. Wives separate as to property
and living apart from their husbands and
children. or other members OF family who
earn OF own separate income will also pay
this tax.
Exemptions Under Law.
The only exceptions are those whose tax
able income does not exceed q 900 and am
bassadors and consuls, as before. The
tariff is: Incomes OF 5000 to 100 pay 81
every extra 500 pays an increased tax OF
an increasing ratio, 30 that incomes OF
1900 TO $500 pay SEC. incomes of 1900 pay
SIS. $500 pays $40. $4,000 pays $500 5000
pays $40 and above $4,000 incomes pay
per cent.
The comptroller Of direct contribution
viii notify the taxpayer that he mus
make q declaration showing what income
he has from every possible souce. The ta1
payer must sign the statements and affirm
on his honor that the declaration fulfill thu
laws requirements.
The declarations are submitted to exam
nation by a committee composed Of
magistrate, a tax comptroller, a registrar
and a tax collector nominated by the pre-
feet. This committee can summon the tax
payer TO give II any information on hi
declaration and can put him on his oath.
II declaration is proved incorrect th'
maker Of Il OF his heirs are hned half TN
income which has been concealed.
To replace the suppressed stamp duties
tax OF per cent Is levied on the dividend
of French companies OF French colonia
companies. To replace the annual tax OF
transfers OF bearer securities a tax OF
per cent is levied on the dividends on al
French securities whose transfer can b
made without entry on the books Of tn
company.
The present stamp duties and deposits I,
which foreign corporations are liable ar
suppressed and replaced by;
/. A stamp duty OF per cent.
An annual supplementary tax of pc
cent on the dividends OF the securities
which will be in addition TO the per cen
previously mentioned.
These taxes apply to foreign government
stocks also.