The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1918-02-07
MUST YOU PAY TAX
ON YOUR INCOME?
Matter That Every American Is
Called On to Determine
Without Delay.
MARCH | LIMIT FOR RETURNS
Failure to File Them Involves Severe
Penaltie-TaEpayers viii Be As.
sisted by Treasury officials In
Every County.

FOR every American subject to the In
come tax division Of the war revenue
net 10 figure up his income and file
his return. II he Is unmarried and
has II net income Of $1,000 or more. or
" he Is married or the head Of n fam.
lily and his net income IS $1,000 or
more, he must pay the tax. His re.
turn must he in the hands Of the col.
l"ctor Of Internal revenue In the dis.
trlct In which tho taxpayer lives or
has his principal place Of business be.
fore March |, 1918.
Tho man who thinks 10 evnde this
tax Is making II serious error. Revenue
officials will be in every county to
check returns. Failure TO make n cor.
rect return within the time specified
involves heavy penalties.
Net income" means gross income
less certain deductions provided for by
the net. The law defines income ms
profit. gain, wages. salary, commits
slons, money or Its equivalent from
professions, vocatlons. commerce.
trade, rents, sales and dealings In prop
erty. real and personal. and interest
from Investments except interest from
government bonds, or state, municipal
township or county bonds. Incomes
from service as guardian, trustee or
executor; from dividends, pensions,
royalties. or patents, or oil and gas
wells, coal land, etc, are taxable.
Normal Rate Is 2 Per Cent
The normal rate Of tax Is . per cent
on net Incomes above the amount OF
exemptions, which Is $1,000 In the case
Of II married person or head OF II fam
lily and 81 900 In the case of II single
person. A married person or head Of
n family Is allowed an additional ex-
cmptlon OF 5000 for each dependant
child if under eighteen years OF age
or Incapable OF scli-support because
defective. The taxpayer is considered
10 be the head OF II family If he Is
actually supporting one or more per
sons closely connected with him by
blood relationship or relationship by
marriage. or If his GIty 10 support
such person Is based on some moral
or legal obligation.
Debts asccrtalned 10 be worthless
and charged of within the year and
taxes pnid except income taxes and
those assessed against local benefits
are ~dcductihle. These and other points
OF the Income tax section Of the war
revenue act will he fully explained by
revenue officers who will visit every
county In the United States between
January . and March | 10 assist tax.
payers In making out their returns.
officers to Visit Every Locality.
Notice OF their arrival In each local.
lty will he given in advance through
the press, banks and post offices. They
Will be supplied with income tax forms
copies of which may be obtained also
from collectors Of internal revenue.
The bureau Of internal revenue Is
seeking TO Impress upon persons sub
see this official In no way relieves
them OF the duty imposed by law 10
Me their returns within the time specl-
fed
The penalty for failure 10 make tho
return on time Is Il fine OF not less
than 500 nor more than $1,000, and
In addition ~ per cent 81 the amount
~ the tax due. For making n false
or fraudulent return, III" penalty IL
n fine not 10 exceed $1,000 or not ex-
rpplInv onp Vpor'S iiupri comment or
both. In the discretion of the court. and
In addition 100 per cent Of the tax
evadcd.