The Cairo bulletin., 1914-01-28
Searching Records and Gathering lii.
formation Relative to In
comes Cairo People.
INCOME TAX NO PUZZLE
EASY OF UNDERSTANDING
All That is Necessary is to Have the
Required Annual Money-Gov-
ernment Does the Rest.

+. NJ. Parish of Carmi, is a guest
at The Halliday.
Ordinarily the mention of Mr.,
Parisn's name conveys nothing out
of the ordinary to Cairo people bur
when information is vouehsafed that
ne is tie United States representa-
i've of the Internal Revenue depart
ment of which John M. Rapp is the
ollector for this, the 18th district,
the knowledge will prove of more
than passing interest
Mr.. Parish has been very busy
since his arrival in the city Sunday
aight in obtaining inside informa-
tion relative TO the incomes of Cairo
people who come within the tax col
lector's scope. He has been assidu-
ously examining the records at the
court house in which much valuable
information can be obtained rela-
tive to the possessions held by sew
eral estates. He has, through other
sources. obtained additional infur-
nation which will prove valuable to
the Internal Revenue department in
the collection of the income taxee.
For some reason or other the gem
erai public seems to have gotten the
idea that the income tax is geo.
metrical puzzle hard and difficult Of
solution but far be it from SC"
The idea is erroneous. 1t is sim.
pie enough If one viii apply q rea-
sonable rule and read the instruc-
tf6ns.
There arc few things that the
public generally should know and,
knowing them, the great majority OF
the public will have no reason to
worry further over the "eompiexi-
ties of the law.
Individuals.
ID Under the law individuals
pay on their net income that az
ceads, if single, 100000 and il
married, 100000 per annum. For
the year 1913 they are to be asses
sed for only five sixths of the year
from March lst 1913 to January 1st,
1914.
Under a ruling of the department
returns need be made by such per-
sons only, as have a net income for
the ten months of $2500.00 or more.
If they have net income of s250O.-
90 or more for the ten months. they
must make a return, even if the
amount does not come within the
taxable sum.
In figuring the income of a mar
ried person the joint income of the
husband and wife should be added.
to make the total. Blanks have Just
been sent to large number of per-
sons, but the fact that a blank has
been received, does not require a re-
turn unless the net income of the
person receiving it equals, or ex-
ceeds the sum of $4,000 for the
ten months following March list.
(2D In figuring the net income
deduct from the gross income ia)
the expense of carrying on the busi-
ness mot living expenseD (bl In
terest paid on indebtedness. (c) Taxes
texcept taxes for local improve
nentsl. (d) Reasonable repairs and
improvements, losses in trade and
bad debts. (e) Such income as has
had the tax paid at the source being
largely income from stock incorpora-
tions.
(S) Persons are required to make
report of their income where It
exceeds the amount named even IL
they do not have notice or receive
blank. They are supposed to know
the law and make return where they
nave the required income and 4 fall
ure to do SO will subject them 10 the
penalties of the law
Corporations.
"a There is a difference between
the law as applied to individuals
and to corporations OF all kinds. in-
dividuals pay on their net propor-
tionate income for the ten moaths
following March first and pay only
when their net income exceeds s2,-
SEQ AMI sS333.3s respectively. Cor
porations pay for the entire year
and pay on all their net income for