The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1912-02-29
INCOME TAX QUIZ.

All Wisconsin Is interested in the
new income tax, and the blanks OF the
state tax commission, which are to be
filed in by citizens, stock companies,
firms, trustees, guardians and admins
traitors who receive them, indicate the
scope and particularity of disclosures
of private revenues which must be
made. These blanks tell almost more
than the law itself 1t is ordered, in
the case of the individuals, that the re-
turn must be made to the assessor OF
incomes on or before April IL next.
Space is left for the PERSONS name, his
home number and business address.
Then here are the questions the indi.
vidual must answer there are others
for corporations, guardians, trustees,
administrators, agents, and receivers):
/. Profession, occupation or busi-
ness.
GROSS INCOME FROM
2. Operation and management of
business as stated above (not including
items below.)
3. Rent of real estate.
4. Estimated rental value of resi-
dence occupied by owner.
5. Personal services wages, salaries
fees, commissioner
6. Interest from mortgages.
I. Interest on unsecured notes or
other Indebtedness.
s. Interest on bonds.
9. Dividends on stocks.
10. Profits derived during 1911 from
sale OF any property purchased within
three years previous to date of sale.
IL. Royalties derived from use of
franchises or legal privileges of any
kind (including royalties on patents.)
II. Life insurance received during
1911 from any insurance company,
fraternal benefit society or other.
13. Amount received during 1911
from inheritances, devises, bequests.
IA. All other income of any sort de-
rived from any source not above specl-
fed, including income of wife and Of
children under Is years of age (state
items separately
A. TOTALGROSS INCOME.
Extracts from the Law.
Section l0S7m-12' 2. In case any
return made by any person 4
is made with false or fraudulent in
tent, or in case of q refusal or neglect
to mako return as required by law,
and an additional amount is discovered
the amount So discovered. shall be sub
ject to twice the original rate.
Section 10S7m--12. 3. Any person
who fails or refuses to
make a return at the time hereinbe
fore specified in each year or shall
render false or fraudulent return
shall upon conviction be fined not to
exceed five hundred dollars or to be
imprisoned not to exceed one year, or
both at the discretion of the court, to-
gether with the cost of prosecution.
DEDUCTIONS.
Is. Expenses actually paid within
l9ll in carrying on occupation or busi-
ness from which income is derived not
included in questions l6 to %.
Amount Paid For
(a) Wages and salaries
(b) Materials and goods
(c) Repairs and maintenance
(D Rent OF business premises (if not
ownedD
(e) Miscellaneous
Total
16. Depreciation if any mot included
in repairs and maintenance)
II. Losses during year not compen-
sated by insurance or otherwise
Is. Dividends or income from firms
or corporations which are assessed for
state income tax
(Note.-If dividend or income is re-
ceived from a firm or corporation which
is doing business both within and with
out the state, deduction should be made
for such proportion only as the in
come assessed to the firm or corpora
ton in the state bears to its whole net
income.)
10. So much of the interest on bonds
(see 81 as is assessed to "the bondhold-
ers," etc under sec 10S7m-3.
20. Interest paid within year on ex-
isting Indebtedness
q. Taxes paid in 1911 (other than in
heritance taxes upon property from
which the income is derived
%. Inheritances, devises and requests
received during 1911 upon which in
hertance tax has been paid to this
state
90. Life insurance mot to exceed
$4,000, received by persons legally de-
pendent upon decedent
EXEMPTIONS.
Single.person $500
Husband and wife (Sl POO
Each child under Is, 5000
Additional ,,apcooc fop rIpoa ct,ppnpt