The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1913-10-15
GET READY FOR
TAX COLLECTOR
Michiganders Must Begin to Fig
uTe Out Their Income

| nal revenue Is being directed by The
treasury department. at Washington
10 the administration Of the persona
income tax figure Of the new tariff law
/ which Went INFO effect last saturday
! Mr.. George Clappcrton collector fur
| the fourth district Of Michigan. states
! that it is estimated ihat. at least 9.
900 persons in this district win be
| subject To this income tax. although
| a much larger number vii naturally
be called uBon for reports under the
law. II will DC necessary for citizens
| nmenable 10 the law relating 10 per
soDai income 10 get busy with their in
come tax accounts. They can hardly
hit sim ana wait for tie tax collector
10 come around. Tho first burden
rests with the citizen himself anu a
penalty is attached 20 his failure To
report his income.
IN figuring net income aud amount
Of $4,000 is exempt for single man
and $4,000. for n married man. In ad-
dit'or to this fixed exemption he vii;
have & right to claim additional cx-
,mptions, as follows
Necessary expenses Of carrying on
business, not including personal, liv-
ing or family expenses.
Interest pale out or Indebtedness.
National. state. count. school or
municipal taxes paid within the year.
Trade losses or storm or fire losses.
not covered by insurance
Worthless debts charged off during
his year.
reasonable allowance FOR the de-
probation If properly
Dividends from companies whose in d.
come has already been taxed.
Interest from state, municipo or
government bonds.
The taxable person, however. must
make return To the Internal Revenue
collector for the entire amount of his
net income and the exemptions claim
Ell under the law must be submitted
with his report for due consideration.
The feature OF the law particularly
emphas'zcG by the Department at this
time is that designated as withhold
ing taxes at tie source" II Is pro.
vided that All persons including rus
Gees. or companies having control, re
cclpt or payment of taxes rent salaries
or other fixed or dcterminable annual
gums, profits and income of another
person exceeding $4,000 for any tan
able year, other than dividends on cap
ital stock, are authorized and required
10 deduct and withhold from such in
come such sum as viii be sufficient
TO pay the normal tax q per cent? i'm
ocsed and are required TO pay the sum
10 the officer OF the United states gov.
crr.mcnt authorized to receive it and
are made personally liabl" Tor such
tax.
II is also provided that the normal
tax imposed by the Law shall be de-
Quoted and withheld from fixed and
determinablc annual gains. profits ana
income Derived from interest upon
bonds and mortgages. deeds Of trus,
or other obligations OF companies al
though such interest does not amount
10 $4,000. subject to tho provisions re-
curing the tax TO Dc withheld at the /.
source and dcductc1 from annual in !
come ana paid to the government: anG |
the tax in each such case is TO be |
and deducted in behalf of any /
PEI sons subject To his tax although |
The amount upon which tax IS with |
acid does not exceed $4,000.
These provisions relate to the coli
Of, Il ,
Parties liable for The amount in cas-,
hey fail to withhold it, The law doe
not specify the particular manner in
which such taxes shall be withheld
,ut Information and instructions will
}c furnished by the departmcn. cover
ng all these features. II Is simply |
desired at this time to call the attcn-
ion OF the public to this law and par
icularlv to the features referred 10 So
hat ali Interested may famliarizc
themselves with its provisions and be
repaired TO carry out the instructions
Of the law.
Incomes are divided into different {
.lasses for the application of this law.
The lowest class and most general ono
consists Of those whose incomes range
rom $4,000 TO s20,000. 1t is estima ted
hat $500 to 5000 or mere will be sub
ect To this tax in this district Prob
Ibly the highest class. said Mr.. Clap
'orton, in this district will be those
whose incomes exceed 100000 and
ess than s2J0.O00. II IS estimated that
he number will probably be from IS
. -.