The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1912-02-22
SEEKS COOPERATION OF ALL
Assessor in Kenosha District Shows all
Exemptions Allowed in the Law and
Explains Plans for Levying and Col
lection Of Income Taxes This Year.
(By Joseph E. Dalton !,
Assessor OF Incomes Dist. 10.

De HTSL assessment Unuer the IN
come tax law will be made in the first
few months of 1912, but will be based
upon the income received in the year
1911. The tax upon incomes received
during the year 1911 win be payable
at the same time that the general
taxes of 1912 are payable, that is to
say, in December, 1912, and Janu-
airy, 1913. In few days l win send
out blanks 10 all individuals who are
subject to the income tax law. The
supervisor of incomes, K. Is. KEENAN,,
will send blanks to all corporations
All corporations will make their re-
turns to the state tax commission.
There are about ten thousand cor
porations in the state of Wisconsin.
All individuals and all corporations re-
ceiving blank reports to be filled out
and returned, will be required to ans
wer all questions even though the ans
wer will be no or none. Ii any ques-
tion is unanswered the blank must be
returned to the individual or to the
corporation All statements must be
sworn to before returning same to be
filed. Persons who are subject to the
income tax law and do not receive a
blank, are required by law to report
to the assessor of incomes.
What Income Includes.
See. 1OS7m-2. Q. The term Sim
Gomez as used in this act, shall in
clude:
(a) All rent of real estate, in
Guiding the estimated rental of
residence property occupied by the
owner thereof
(b) All interest derived from
money loaned or invested in notes,
mortgages, bonds, or other EVIL
denee of debt Of any kind what
ever.
(c) All wages, salaries or fees
derived from services, except those
received from the United States.
(d) All dividends OF profits
derived from stock or from the
purchase and sale Of any property
or other valuables acquired within
three years This three year
clause will not apply TO merchants
in the ordinary transactions of
buying and selling goods.
(e) All royalties derived from
the possession or use of fran
chises or legalized privileges of
any kind.
(f) And all other income of
any kind derived from any source
whatever except such as is ex
empt by law.
The estimated rental of residence
should be about six per cent of it's
true value.
A residence in village or in a
city is the dwelling and the lot or
lots on which it is located.
A residence on farm is at present
construed to mean the dwelling and
a small parcel of land.
The farm, if occupied and operated
by the owner is not subject to a
rental value.
The income from the farm after de-
Quoting the necessary running ex-
penses, will be added to the farmers
other income if any.
What farmer buys for his table
or hiss wearing apparel for himself
and family as well as the wages of a
hired girl working as domestic, and
the board of his hired men viii not
be considered as necessary expenses
and viii not be proper deductions.
In case the owner, who occupies his
own residence, in making his return
puts his rental value too low, the as
SCISSOR of incomes has the right and
it is his duty to place a FIR rental
on the residence and notify the in
diyidual making the report. The per-
son has the right 20 appear before
the board of review on the first Mon
day of July 1912.
1t is advisable to keep books for
1912. Charge yourself with all the
cash you receive and credit yourself
with all the necessary expenses paid
ont within the year. This simple
method will not require much time
and will do for most people, except
the merchant and the manufacturer
who have very complete system OF
bookkeeping. Persons who are subject
TO the income tax and have kept DO
books for 1911 will be required to
estimate their income and If the IN
come reported seems to be too low
their amount will be raised and they
win be notified as to the amount es-
timated
The income of wife shall be add
led to the income of her husband, and
the income of each child under eigh-