The Alaska daily empire., 1917-01-18
HIGH COST 0F LIVING IS GIVEN
 ONE MORE JOLT
income Tax BugabOO Is Frightening Those Fortunate Enough
 to Be Well Off.
MUST PAY

SEATTLE. Jan. l2- lSpeciaD The nigh cost Of living has advanced an- other notch for the fortunate few whose annual income is large enough 70 bring them within the scope of the amended revenue law passed by Congress last September. The out. standing feature Of the new law, Un- Ter which taxes become due with .hc advent of the new year. is the doubling of ;hc ;ax levied on incomes exceeding S3.000. and not exceeding s2O.O0O. Instead of 1 per cent UG- elc sam eXacts tribute of per cent. and the new tax covers all such income received during the cal endar year 1916.
 Kept Busy Explaining
 Seattle officials Of the United States Internal Revenue Service, with headquarters in room 226 oI the Federal Building began handling the first 0t the new tex collections this morning and were kept as busy as he pr0ver1ta, cranberry merchant explaining the numerous slight bu, 'n the aggregate important changes made in the law by the ag. ol Sep .cmbe7 s. One important change is that Income tex must now be paid on or before June l5, instead Of on or before June SO. as heretofore.
 Failure To make Inc payments at he time provided n the new act subjects thc delinquent 60 a penalty If 3 per cent. of the amount of tax unpaid. together w.,h interest at the rate of l per cent a month on the amount unpaid until settlement is made. Returns may be made during che months of January and Fcbru- lry. Seattle officers of the service announce. but must be in by March 1 to avoid the penalty prescribed.
 Bachelors Must Pay
 The provision covering the with. holding of ,hc tax by individuals or corporations paying rents, salaries Tor other fixed and detcTminab,e iu- ccmes." and by corporations paying interest Co individuals. remain the same without one important change This is that churches, charitable in tituions. clubs and numerous other corporations not organized for profit are now required b withhold income tax in making payments of the ma ture referred to.
 They were exempt from all opera. tions of the old law. The local off. cer5 of the revenue service invite all societies wishing to know more about shc provisions of the new act to call on them for information.
 The provision that mulcts bache- lors and bachelor girls remains un- changed by the amended law. A married man or woman or head of family, man or woman, can claim exemption Of income up to $4OOO rom the income tax On incomes exceeding $2O,OOO the graduated tax is considerably increased.
 New Special Tax
 Separate and distinct from the in- come tex and additional to it, is a new special tax on corporations or. gauized for proiit-maEing The amended law provides that every corporation with outstanding capital stock of fair average value Of be- tween $7J,OOO and S09,OOO must make returns to the government, but is not compelled to pay this tax. If the stock valuation exceeds $99,OO0, the special tax, amounting to 30 cents a %I,OOO. must be paid. this year in January for the six months ending June 31, and during July of each year thereafter for the preceding six months.
 The Seattle officers of the internal revenue service emphasize that this special tax must not be confused with the regular income tax. Pay ment of one does not operate Co eX- cuse payment of the other
 Some Chances