The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-11-05

resides, or has his. her, orsfits prin-
cipal place OF business.
Not Withheld at Source.
Items upon which such income tax
In not to be withheld at the source
Il. Dividends on capital stock or
from the net earnings of corporations
and joint stock companies or associa-
tons. and insurance companies sub
| tect to like tax, when said withholding
agents are required to make and rem
der return in behalf of another. to
the collector of his. her or it's district
20. Proceeds of life insurance poll
cies paid on the death OF the insured
or payments made by or credited to
the insured on life insurance, endow-
ment, or annuity contracts. upon the
return thereof to the insured at the
maturity or surrender Of the contract
this however, not to exempt insur-
ance companies from Withholding and
paying the normal tax Of one per cent
on interest income paid to beneficiaries
OF policies, when such interest exceeds
$4,000.
%. Income of an individual which
Is not fixed or certain, and payable at
stated periods, such income to be re-
turned and the tax thereon paid by
the individual. Under this head will
be included incomes derived from the
following professions and vocations:
ia rmers, merchants. agents COM
pensated on the commission basis
lawyers. doctors. authors, inventors
and other professional persons. Such
persons shall make personal return Of
all their income. provided their total
Income from all sources exceeds s3,-
900.
To BE Paid But Once.
The tax of one per cent having
been deducted and withheld at the
source and payment thereof made to
the collector of internal revenue. as
provided by law, shall not again be
deducted by any person. firm or or
sanization whatever. Such person,
firm or organization. in whatever
capacity acting, however. who has
withheld such tax shall file with the
collector of internal revenue. GER
tificate in the prescribed form, stat
ing that the tax on income so derived.
with source whence derived, has been
withheld with amount of same. name
Of persons from whom withheld. etc.
How exemption to be Claimed by
individuals:
ANY person subject to the tax of
one per cent, the amount Of which has
been so withheld or deducted at the
source. wishing to avail himself Of the
exemption allowed $4,000 or $4,000,
as the case may be), must file with
the Withholding agent, not less than
thirty days before the date on which
the annual return of his income is
due, notice stating amount OF
exemption claimed. and making spe-
citfc claim thereto. This notice to be
addressed to such Withholding agent.
dated and signed by the individual,
giving his full address.
Exemptions and Amounts,
by whom exemption may be
claimed and amount thereof:
Every single person and every
married person not living with wife
or husband. liable TO tax under said
act may claim total deduction of So
600 from mex income. Where married
and living together. the husband or
wife who has the income, may claim
an exemption of $4,000. but where
husband and wife live together, each
with separate income subject TO tax.
then, in that event. each shall make
a return and the $4,000 exc mptlon may
be claimed and deducted by either
the husband or wife. but not by both
separately.
when ard on what amount the tax
shall be wfthheld-applicabie to real
estate,-feHte4- agents. etnrisS@ =
"A withholding agent who pays
monthly or periodically during the
year interest. rents salaries, wages
etc, is not required to withhold the
tax until such rents. salaries. etc.
shall have reache.. an aggregate
am cunt in excess of $3,o90 for said
year When such amount has been
reached. the tax shall be withheld on
the whole $4,000 and any excess
thereof. unless the person to whom
such rents, etc, are due. files with
such agent notice claiming the
exemption allowed. in which case the
agent shall withhold only the tax on