The Barre daily times. (Barre, Vt.) 1897-1959, 1917-12-31
INCOME TAXATION
BEGINS JAN. /
U. S. Government Expects to Receive
$I,aoI, 100000 from That Source by
July Incomes Down to $1,000
Year Are to Be Taxed.

Washington, ID. c., Dee. n The prea
task of gathering income tax and eXces
profits returns will begin with the new
year tomorrow.
Every unmarried person earning NOR,
than 81 900 during the last year, and ey
cry married person or head of famil,
who made more than $1,000, must I'll,
with the internal revenue collector of hi,
district u report any time between to
morrow and March |. He will be notified
before June | of the tax due, and pay
ment will be due by June 10.
The government expects TO receive 81,
POI 100000 from income taxes before
July /, including S666,000,000 from indi-
viduals and $685. 100000 from corpora.
tions. This is more than one-third of the
$3,400,000,000 estimated receipts under
the war revenue act passed by Congress
at the last session.
From excess profits taxes, the govern
ment expects to realize about 81 220 000,.
600 before July /.
| The rate of tax for a married man or
the head of family is two per cent. on
the amount of his net income exceeding
50 600, but less than $4,000. and four
pr cent. on the amount OF his net in
9 ne about $4,000 but less than $1,000,
An unmarried person not the head OF a
family will pay two per cent. on the
amount of net income above 81 900 but
less than $1,000 and four per cent. on
the net income above $4,000 but less
than 5000.
An extra levy, or surtaN, ia addition
to the normal tax, is imposed on incomes
above $1,000, so that the amount of in
come between $1,000 and 81 500 Is sub
ject to a total income tax, including both
normal and extra, OF five per cent; and
between $500 and $4,000, six per cent
The surtaX further increases with higher
incomes, so that amounts OF 81 100000
are taxable at 50 per cent. with one per
cent additional for each half million up
to two million dollars. All incomes over
the latter amount are taxable at 81 per
cent.
Typical income tax levies on heads OF
families are a. follows; Income of 81
500 tax is $40; income of $4,000, tax is
$40; income Of 50 500, tax is $50; income
of $4,000 tax is $40; income Of $1,000,
tax is $50: income of $1,000 tax is $50
Unmarried persons would pay in this
way Income of S 500, taS is $40; in
come OF SZUbb, TAX Is SZU. income OF
81 500, tax is $780, income of $4,000, tax
is $40; income Of $500 tax is $50; in
come of $4,000, tax is $50; income OF |
81 800, tax is 800; income OF 5000, tax |
is Si20
Taxes may be paid in four install |
ments between now and June -, if this I
is preferred, but the treas
ury viii open determined campaign 1
soon to encourage persons TO pay their
tax in full Immediately, and receive in
Lerest on the advance payment.
A small army of accountants especial
" trained for the work in schools con,
iucted by district collectors for the past
.wo weeks, will 90 into the field begin
hing Wednesday TO assist persons in FL
ng their returns, and will travel on pre-
arranged itineraries for month or'more.
n addition, federal agricultural agents,
md representatives Of state and county
ouncils of national defense, have enlist.
d in the campaign OF education. BY this
extensive campaign of education, Inter
al Revenue Commissioner Roper hopes
o eliminate the chances OF failure to
lie a return through ignorance OF the
equirements.
In fact officials in charge Of the tax