The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-10-26
PHONE MAD. l75s
Two Income Tax
Collectors for This
Revenue Distric|

Local Federal officehofders are ioolSS
ing forward with interest to the NAM
ing of the two income tax coIIectnxD
who are to be assigned to this dis
trict. according to Information re-
ceived from Internal Revenue Corn-
missioner Osborn at Washington. The
State Of Virginia will have three Oh
the income tax collectors authorized
by the new Underwaod- Simmona
law. Two of these will be In the
eastern and one in the western dis
trict. The appointments win be made
1t is expected within few weeks.
Pay $500 Annually.
These places pay about $500 ~
year and are not under the civil SER
vice. for the reason that it Is the
policy of the treasury department to
have the ncome-tax law administered
by officers politically IN sympathy
with the administration.
In view of this policy 1t la regarded
as unlikely that the special incomes
tax collectors will be appointed willis
the incumbent Republican Collectors
of internal revenue for the state Of
Virginia hold office. The commissioning
err of internal revenue viii consider to
a large extent the wishes of the COLI
lectors of the various districts as to
the personnel Of their subordinateA-
1t is assumed from the circumstances
that the nominations of the two new
collectors of internal revenue for Vfr-
GINA will be made before long SenA-
tors Martin and Swanson have not
yet endorsed anyone for these TWO
positions. though a number of recoIn-
mendations from congressman are ON
file. The senators will probably make
up their minds in the very near future.
The underlying principles Of the
tax are:
/. That everyone with an income
over $4,000 shall pay l per cent. OF
that income TO the Federal governs
ment III
. That so far as practicable tho
government Will collect the tax from
the source of that income. thus deal
Ing with an impartial person less likely
to risk the Fanatics Of evasion.
3. That although each persons tax
may be collected from more than one
source. Il Is the intention of the act
TO levy but one tax en- an income
of 0000 or less.
d. That an additional tax at a grad
mated rate be imposed on incomes over
$50, 900.
What is Taxed.
Incomes from State and munfcfpai
bonds and Obligations of the United
States are not taxable Salaries Of
State and city officers and certain Fed
eral officers are exempt. In making his
return of net income for assessment
the taxpayer may deduct from thUg
gross income necessary expenses ac-
tually paid In carrying on my busi-s
ness. not Including personals living
or family expenses, interest paid ON
indebted aess-taxes- uninsured loSsea
In trade or by fire. storm or ship
wreck claim charged off as worth
less, depreciation of property used
in business dividends an stock IN cor
porations themselves subject to the
tax, and income taxed ut the source.
All are entitled to the minimum ex-
eYnption OF So 900, and a married man
or woman whose wife or husband has
not also a taxable income is entitled
to an exemption of 81 600 more. or
$4,000 in all.
But every person who has an In
come of $4,000 or over Is required 10
make a sworn return to the collector
Of internal revenue