The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1917-11-03
THE NEW INCOME TAX

THE NEW INCOME TAX
want to call my readers attention to the fact that the
income tax law has been radically changed Every mar
ried man who has income, during 1917 in excess Of
$4,000 and every single man who has an income above
1000 will be obliged to make report to the government
and pay tax next spring.
This matter is highly important to farmers not only
because it is new law, by of which Uncle Sam
proposes to raise considerable part Of the money he is
spending for war; but likewise because Of the fact that
all too many farmers have failed neglected to make
proper income tax report in the past and the govern
ment is diligently engaged in checking up on them
and assessing penalties which would have been saved had
the tax been paid when it due There several
points about the law which want to explain and it may
be the means of saving money if you will read carefully
what have to say.
To begin WITH it is the duty of the farmer Gas well
the town and city man to hunt up the internal
collector and report his income for the year. No is
exempt from paying this tax because the tax collector
does not after him. Because farmer does not
ceve the proper income tax blanks from the government
and is not dunned for his tax is for his not
porting and not paying. Therefore, every single man
who makes above 81 600 this year and every married man
who makes above $4,000 must report his income to the
internal collector for his district If he fails to
do the government can, and in time will assess pen
atty which will materially increase the amount of the tax
In the second place. those who have paid income tax
in the past will find their taxes largely increased as re-
suit of the new law.
Suppose farmer shortly after the close of the pres
ent year. sits down of evening to figure out his In
come It is sometimes difficult to arrive at this exactly
but the law requires the farmer to do to the best OF his
ability swearing to the truthfuness OF his report Let
us assume that the books which he keeps the menta
calculations which he Makes show that he has made
$4,000 during the year, from grain and live stock SOLO
from interest notes mortgages which ne may hod
and so on Now under the law, ne is entitled to de-
duct from this sum Tin addition to the expense items for
Seed repairs for machinery and so on and certain taxes
which he has deducted heretofOre $500 for each depend
ent child under 10 years of age Let us assume that the
deductions for expenses taxes and so on are $oO ane
that there are two chdren here is total deducton OF
$780, leaving $OO upon which taxes must be paid TO tne
government. 80
There is DUE the normal tax of cent on all above
the 81 900 minimum which has prevailed for the past tWS
years. in this amounting to $ There Is que secoha
specia war tax of per cent on all above Sooo III G
case amounting to $42 The two sums added togethe
make the total tax for the year $44 This sum must o.
Maid To the collector of internal revenue by June % mex
year or penalty will be added, this penalty increasing
: with the length of time the tax remains unpaid
hope have made myself clear Inc FARMER Is IN, oe
ING piven bad name in many localities because ne ma
fe1 mr. neglected to attend to this income tax matef
the past Special deputies are spending an Oh tner .
ohonLno I'M farmers incomes and competing payien'
with the result that newspapers when c0huuay
the farmer are printing the news broadcast as toug
the farmers were trying to cheat the g0yerhs. , an
were dsoval in time of financial need You ana kos
th l. not The case but it is incumbent upon us an 10 lear
tho details of the law and abide by strictly aherelot
IT. mo raneat. Immediately after the close OF te yea
ly +o the internal collector OF your dsriC
G secure the proper blanks file your report py MARI
81 and nav YOUR tax by June 3D. OTHERWISE you WI
nonaltv TO nav in addition to your tax ana you VIII
,;RoraJ .s "slacker" by newspapers which 60 out 4
HH , n nict,re the farmer in the worst posspl
light Wisconsin Farmer
g. -o,o .ra convinced that the war preparation