The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-01-01
WILL COLLECT OVER BILLION
IN NEW j. s. INCOME TAXES

WASHINGTON. Dec. 3l.-The grea'
task OF gathering income tax anu en-
cess profits returns Will begin WIN
the new year tomorrow.
Every unmarried person earning
more than $1,000 during the last year
and every married person or neao Oh d
family who made more than SZ'ooe'
must file with the Internal revenue
collector OF his district a report any
time between tomorrow and March l.
He will be notified before June l o.
the tax due. and payment WILL De
due BY June 10.
The government expects to receive
s1,201, 100000 from income taxes De
fore July /, including S666.ooo'ooC
from individuals and $685. 100000 from
corporations. This Is more than one
third OF OF the s3.400.00O.00O estimat
ed receipts under me war revenue ac'
passed my Congress at the last 'Ses
sion.
From excess profits taxes. the gov
ernment expects to realize about ~
220, 0O0 900 before July l.
The rate Of tax for married man OF
the head or a family is percent "
the amount OF his net income e1ceeo
Ing $4,000, but less than $4,000, and
percent on the amount OF his net N
come above $4,000 but less than 80,
OO0. An unmarried person not the heae
OF a family will pay : percent on INK
amount of net income above 81, 600 pu
less than $4,000, and percent on tne
net income above $4,000 but less thar
So, 900.
An extra levy, or su1tax, in ADDITION
to the normal tax, Is imposed on IN
comes above $1,000, so that the
amount OF income between $4,000 ant
$500 Is subject to total income tax
including both normal and extra. OF
percent; and between $500 and Slu.
900 6 percent. The surtaS further IN
creases with higher incomes, 50 tina
amounts OF s1,00l000 are taxable
s. percent with one percent addition
al for each half million up to two mil
lion dollars. All incomes over the lat
ter amount are taxable at 81 per
cent
Typical income tar levies on heads
OF families are as follows: Income o
1850, tar is SO; income OF $1,000. ta'
is $50; income Of $500. tax IL $50
income OF $4,000. tax 10 $40; income
Of s4,500, tax Is $50; income OF $4,000
tax is $50!
Unmarried persons would pay II
this way: Income of $500. tax IS $40
income OF $4,000. tax Is $50; income
Of $4,000. tax is $50; income Of $4,000
tax Is $40; income Of $500. tax IS S6u
income Of $4,000, tax Is $50; income o.
$4,000. tax is 500; income OF 5000
tax is $40.
Taxes may be paid in four install
ments between now and June 10, /
this arrangement Is preferred, but the
Treasury will open determined cam
palgn soon to encourage persons Il
pay their tax In full Immediately, ant
receive interest on the advance pay
ment.
A small army Of accountants. Cd
pecially trained for the work II
schools conducted by district collec
tors for the past two weeks. will 81
into the field beginning "Wednesday
to assist persons In filing their re
turns, and will travel on pre-arranget
itineraries for a month or more. II
addition, federal agricultural agents
and representatives OF state and coun
ty councils OF national defense, have
enlisted In the campaign Of educa
ton. By this extensive campaign 0,
education, Internal Revenue Commits
stoner Roper hopes to eliminate the
chances OF failure to file a return
through ignorance Of the require
ments.