Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1917-12-31
cent on the net income above $1,000
but less than $1,000.

cent on the net income above $4,000
but less than $4,000.
An extra levy, or surtax, in addition
to the normal tax, is imposed on In
amount Of income between $4,000 and
$500 is subject to a total income tax.
including both normal and extra. OF
5 per cent; and between $500 and
$4,000, 6 per cent. The surtax
further increases with higher in
comes, so that amounts of 100000
are taxable at IS per cent with n
per cent additional for each half mil
lion up to two million dollars. All
incomes over the latter amount are
taxable at 81 per cent.
of families are as follows: Income Of
$4,000, tax is $40; income Of $4,000.
tax is $50; income Of $500. tax is
$50; income of $4,000, tax is $40: in
come of $4,000; tax is $50: income Of
s $1,000. tax is $50.
Unmarried persons would pay In
this way: Income Of $1,5o0, tax is
$40; income of $4,000, tax is $50;
income of $4,000, tax is $50; income
500, tax is $50; income Of $4,000, tax
is $50; income of $4,000, tax Is 500;
income of $4,000, tax is $3.50.
Paid IN 1nSC4ll10e1to. .
Taxes may be paid in four install.
ments between now n June 10, II
this arrangement Is preferred, but the
treasury will open a determined eas,-
paign soon to encourage persons tp
pay their tax in full Immediately, anG
receive interest on the advance pay
ment.
A small army Of accountants. es-
pecially trained for tho work II.
schools conducted by District e~eileet-
ors for the past two weeks. will 81
into the field beginning Wednesday ~
assist persons in filing Fthc!r returns,
and will travel on p~re-arranged itin-
! eraries for a month or more. In ad-
dition, federal agricultural agents and
representatives of state and county
councils of national defense. ave en-
listed in the campaign of education.
BY this extensive campaign of educa-
ton, Internal Revenue Commissioner
Roper hopes to eliminate the chances
of failure to file q return through ig-
norance Of the requirements.
In fact, officials in charge Of the
tax gathering machine expect to
eliminate the usual %grudging spirit OF
taxpayers. They have called this a
Liberty Tax" because its proceeds go
to the same val cause as the Liberty
bond issues. and every effort will be
made to encourage the spirit of
willing giving mong those on whom
the tax falls.
About 1000, 900 persons will pay in
come taxes, 1t is estimated, and most
will be subject to a direct federal tax
for the first time. for less than $780,
900 paid income taxes last year under
the old law. Tax return forms have
been made as simple as possible.
those for incomes of less than $4,000
being especially free from technical
features or inquisitorial items.
Corporations will pay income taxes
also, but on a different basis. Their
net income is subject to a tax Of 6
per cent under the new war revenue
act, and certain technical deductions
are allowed: Corporation returns are
due between January 1 and March l.
for the calendar year 1917, and com.
panies operating on q fiscal year basif
must report within 80 days after the
end Of the fiscal year.
Excess Profits Tax.
Beginning tomorrow, also. excess
profits returns for the year 1917 will
be received from corporations, part.
nerships and individuals. The last
date for the fling Of these Is March
!, tho same as on income returns. anC
payment must ,be made also before
Juno Is. except under h fiscal yea,
arrangement %'"- >' -
individuals making more than o..
900 during the year also are subject
TO an 8 per cent tax on their income