Gilpin observer., 1914-01-29
income TAX LAW

OOiCCtOA A. OhlAncl
makes 1t clear that 1t is not obliga-
tory upon the recipient of an income
tax schedule to make the return un-
less he or she has an income of
$5,OOO net per year. Many of the
citizens of the county who received
the schedules thought they were re-
quired to return them, regardless of
the fact that their incomes were be-
low $4,000 a year. Mr.. Skinner says
the reason SO many schedules were
sent out was to get line on those
who will have to pay the tax so
that next year the. revenue depart
ment will have something to work
on.
The following regulations provid-
ed for in the new income tax law
may be of assistance to those whose
income reaches the amount upon
which tax is to be paid:
Every single person and every
married. person not living with hus-
band or wife in the sense below de-
fined who has a net income exceed
ing $500 per annum is liable to pay
the normal income tax under this
law, but in making return for such
tax may claim an exemption of $4,000
from their total net income.
Husband and wife living together
are entitled to an exemption of $4,000
only from the aggregate net income
of both, which may be deducted in
making the return of such aggregate
income for taxation. However, when
the husband and wife are separat-
ed and living permanently apart from
each other. each shall be entitled
to the exemption of $4,000.
II the husband and wife not liv-
ing apart have separate estates, the
income from both may be made on
one return, but the amount of income
Of each and the full name and ad-
dress of both must be shown in such
return.
The husband, as the head and le-
gal representative of the household
and general custodian of it's income,
should make and render the return
Of the aggregate income of himself
and wife, and for the purpose OF
-levytAs the income tax it is assum.
ed that he can ascertain the total
amount of said income
If wife has separate estate
managed by herself as her own sep
arate property and receives an in
come Of more than $4,000, she may
make return of her own income, and
If the husband has other net income,
making the aggregate of both in
comes more than $4,000, the wife's
return should be attached to the re-
turn of her husband, or his income
should be included in her return, in
order that deduction of $4,000 may
be made from the aggregate of both
incomes. The tax in such case, how.
ever, will be imposed only upon so
much Of the aggregate income of both
as shall exceed $4,000.
'If either husband or wife sep
arately has an income equal to or in
excess of $4,000, a return of annual
net income is required under the law
and such return must include the
income of both, and in such case the
return must be made even though
the combined income of both be less
than $4,000.
If the aggregate net income OF
both exceeds $4,000, an annual re
turn Of their combined incomes must
be made in the manner stated, al
though neither one separately has ar
income of $4,000 per annum. They
are jointly and separately liable fol
such return and for the payment OF
the tax.
The single or married status oi
the person claiming the specific ex
emption shall be determined as o.
the time Of claiming such exemption
II such claim be made within the
year for which return is made other
wise the status at the close of the
year.
These regulations hereby super
sede the regulations relative to par
agraph G OF the income-tax law. al
prescribed on page 4 of Regulations
part 2, issued under date of October
81. 1919"