Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1913-10-17
IDAHOANS WILL
PAY INCOME TAX

The income tax will raise in the state
of Idaho several hundred Thousand
dollars in revenue for the federal gov
ernment, Ii is believed by those who
have studied the new tax and the con-
dIcrions In Idaho so far as individual aud
corporation incomes are concerned.
Incidentally the new law will give the
local deputy internal revenue collector.
Robert F. McAfee, who will probably
soon be relieved by a Democrat, gen
timely busy job II will also give those
who haye incomes of over $4,000 an
opportunity to file the information
with the deputy reven ne collector.
The law preseribes that the tax shall
be collected, SO far as is possible, .at
the source This means that the de-
duction OF the tax 1t to be made before
salaries are paid to the individual. An
employee will not even have the satis-
faction of paying the money to the
government in person. Uncle Sam Is
taking no chances so II you are an
Official of bank and draw down So
900 year, the bank will pay to the coll
iector of internal revenue per cent of
10000 if you are married or per cent
Of $1,000 df you are singlel. and deduct
the $50 or $40 from your years salary.
The bachelor, under the new measure,
is ''stnng's to the extent of $1,000 out of
the amont of his exemption. The mar
ried person may garner in $4,000 an
nually without any assessment Of the
tax. The single person, however, Is as
sessed after he has earned $4,000. And
If the bank should fail or neglect t0
make this deduction from your salary
and IL you should not pay 1t yourself.
the bank would be held liable for it
That's how definite the law is in tbs
United States.
As for persons Of taxable income who
the bank would be held liable for 1t
are not employees, 1t will be the dut,
of the collector to ascertain the incoml
! and collect the tax on 1t from each.
The provisions of the law relative Il
the collection Of the normal tax, on
per cent, which becomes effective NOV
. ember /. are as follows.
s.All persons, firms, co-prtnerships
) companies, in whatever capacity ACTIN
2 including mortgagOrs OF real or person
D al property. trustees acting in any trus
l capacity, executors. administrators, az
ents, receivers, conservators, employer
and all officers and employees of tn
United States having the control, re
ceipt, costody, disposal or payment Q
intrest, rent, salaries. wages. premiums
snnuities compensation, remuneration
) smoluments or other fixed or determiu
J able annual gains, profits and incom
, Of another person, exceeding 5000 TO
any taxable year, other than dividend
on capital stock or from the net earn
ings of corporations and joint-stoc
companies, or associations subject {
" like tax. who are required TO make an
: render return in behalf Of anothe
y as provided herein, 20 the collector (
his, her or its district, are hereby 81
thorized and required to deduct an
! withhold from such annual gains, pro
es its and income such sum "a willbe sn
le hcient TO pay the normal tax impose
> thereon by this section and shall pa
lg to the oficer of the United States GO
F. eminent authorized TO aecieve 81
m same, and they are hereby personal
aisble for such tax"