Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1913-11-06
OBEY INCOME LAW
CORPORATIONS ACCOUNTABLE
TO GOVERNMENT FOR iNFoR-
NATION AS TO SALARIES.
MANY LARGE CONCERNS AFFECTED
Every Man Who Receives a Sum An
nuaIly In Excess of 5000 Must Pay
His Portion Of the Revenue Under
the Provisions of the New Statute.

tbs ToTtion OF tne REVENUE OnueT
the Provisions of the New Statute.
Des Moines.--Alive to the fact that
ing to the governments revenue COLI
lectors, corporations which pay in
comes either as salaries or upon Sc
curities are preparing records in har-
mony with the new law. Such records
must begin Nov. /.
Insurance companies are particu-
larly interested. Large salaries are
earned in the insurance business and
a share of the business conducted by
insurance companies is of a banking
character. The law exempts pay
fents upon matured policies. 1t does
not exempt annuities, salaries, COM
missions, dividends. rentals or In
comes from any source which amount
to over $4,000. On moneys paid out
as incomes, banks, insurance COM
panies and other corporations must
pay a tax.
THE corporation which pays the In
come is held responsible" said Henry
s. Nollen. vice president OF the
Equitable Life. "The government does
not depend upon the man WHO re-
ceives the income. The records of
the corporation are open for examina-
ton. The indisidual often has no re-
cords which may be examined The
individual might evade the law. II
the corporation failed to make re-
port as required, the individual, in
some cases, perhaps in many cases,
would not go out of his way to re-
port to the government. So the cor
poration is held accountable for the
tax and has to make a report.
"The work Of keeping these records
begins Nov. l. IL will impose upon
all corporations more or less trouble,
expense and extra clerical work A
full report is necessary, wherever
more than the exempted $4,000 is
paid out by the company or corpora
ton. This tax has to be withheld
from the moneys which are paid out
In any form as an income. There are
numerous cases where incomes are
derived from rentals aud invested Sc
curities. In the insurance business
there are many high-class men whose
incomes are very large. Every man
who receives a sum annually in ex-
cess of $4,000 has to pay the tax and
we have to see that the government
gets the money"
State Fair Profits.
Profits on the 1913 state fair
amounted to sl4.12301, according to
a preliminary statement issued by A.
r Corey, secretary.
The total receipts of the fair were
s1SS,326.37, which is an increase OF
s2,625.16 over the fair OF 1912. The
total expense OF conducting the fair
was $144,203.36.
Profits will be decreased, however,
by the payment for improvements
which were built in anticipation OF
the 1918 profits. Mr.. Corey thinks
that when all expenses have been
met there will be left approximately
s21 900.
New Road Law.
There is a movement on foot in
southwestern Iowa for the repeal OF
the present road law Its advocates
60 as far as to demand a special SEES
sion OF the legislature to the end that
the statute may be speedily wiped
on the books. The chief objection to
the new law seems to be that 1t takes
too much away from local authority
and gives too much to the state board.
When one looks over the record 1t
would seem that there Is nothing
wrong in that. Local authorities have
been VIGOROUSLY lax in the enforce
ment of the statutes.
Say Taxes cause Protest.
Farmers in Boone county are pro-
testing against their assessments this
year. according to Senator J. r. Dor
an Senator Doran called on Secre-
tary of State Allen recently at the
state house. He told Mr.. Allen that
farmers in his district are making fire.
quent and open declarations that their
taxes are too high.
Senator Doran was one OF the eight
senator's who voted against the capt,
toll enlargement plan when the meas
ure was up before the legislature.
New Pensions Granted
Pensions have been recently grant
cd at Washington to the following
Iowans: Sophia Crambllt, Dudley, s12;
Rebecca McKrell. Marshalltown, sl2;
Addis E. Tedford, Abba, s12; Eliza
beth A. Walker, WOODBURY., s12; Su-
sannah Atwood, Mount Ayr, s12; Sell
phia A. Ingram. Seymour, s12; Eliz
E. Mcyicar, Eagle Grove. $l2; Mary
Il. Thomas, Clear Lake. sl2.
States Hogs Hit BY Plague.
Cholera among the hogs owned by
the state at Fort Madison has set the
powers OF state hurriedly at work at
tempting to check the plague by the
use OF serum.
At the penitentiary farm there. the
state has 225 to $50 young hogs, A
dozen or more Of them have already
died OF the disease. The serum lab
oratory has rushed 10000 cubic cent?
meters OF the hog cholera serum to
the farm and DIR. ]. /. Gibson, state
veterinarian, has sent ono OF his as
sistants to treat the herd.
Road Boosters Organize.
Road boosters who want a share In
the realization OF the Lincoln Trans
continental highway. the route Of
which passes through Ames, have or
ganized as the Ames club Of the Ma
tional Highway association.
r. B. O'Brien w. elected temper
airy president and B. H. Read, temp
orary secretary. H. p. Campbell OF
Kansas City, representative of the
National Highways association, was
in Ames few days ago assisting the
local boosters to organize