Elk City mining news. (Elk City, Idaho) 1903-1913, 1910-10-13
TAX ON MEMS INCOMES.
How the Drastic Collection Is Engf-
neered I'm Great Britain.


neered I'm Great Britain.
The resolution authorizing the col
lection of income tax for the year
April 1, 1909-March 81, 1910, was
passed by the House of Commons last
night, the London Mail says. Through
out the country the boards of commits
sioners are anXiously awaiting the in
structions of Somerset House, so that
they may begin work. The rates Of
the new tax are:
Rates per pound.
Unearned income (dvidend) ...... l 2
Earned income up to 5000 1850. 9
All income over $4,000 ............
All income over $4,000. super-tax on
every pound over $4,000. ........
The usual attachments apply 10 resi-
dents in the United Kingdom up to
500 and an extra abatement of f10 is
allowed for every child under 16 from
incomes under $780,
All the demand notes are prepared,
addressed and ready for delivery. The
moment they receive the word Co."
the collectors will issue them. The
surveyors will have neither the time
nor the inclination to allow much de-
lay in payment. Somerset House may
decide to act instantly on the strength
of the House of Commons resolution or
may wait until the finance bill re-
ceives the royal assent tomorrow
week. The latter course is generally
thought to be the more probable.
This is the time of the year at
-
to the screw in the case of arrears,
and as there are now some e23, 500, 900
to collect, instead of about a tenth of
that figure, as usual at this period,
the turning of The screw will be en-
phatic. The powers of a surveyor are
drastic. If man will not or does not
pay he will receive a curt demand for
the money within five or seven days,
with a threat of the usual proceedings
in default. If that proves Intellectual
the brokers may be put in under a
distress warrant. and if there are no
effects which can be seized the de-
faulter will be marched off to prison
at once.
Mr.. Lloyd George estimates that
f350,000 has been irretrievably lost by
the delay in the collection of the tax
Many commissioners and surveyors
are convinced that this figure is very
much understated. Some of them esti-
mate the inevitable loss in their own
districts al nearly 10 per cent of the
whole. There have been failures and
removals and disappearance of tax
PAYERS and although the state Is ma
tient and persistent in these matters,
1t is hopeless (say these experts) to
think that as much of the money will
be recovered as the chancellor seems
to contemplate.
Nobody has yet received a form
which provides for the claiming of
Rbatemenls in virtue of children I'M
der 16 years of age. When man en-
titled to such rebates receives his de-
mand note he must either pay in full
and claim the rebate afterward or go
to a vast deal of trouble to get the
rebate allowed before he pays.
Supertax is to be paid not during
the year in which the income is re-
ceived, but in the year following it.,
and persons liable to pay it for the
year ending March 81, 1910, must
make their returns by July 81. So
delicate and important will be the
work of adjusting this new tax that
the officials of Somerset House charged
with its management have been in
days before the end of May.