New-York tribune., 1918-01-01
Government Expects to Re-
ceive ST. ,421, 900, 900 This
Year From Two Levies
Reports Due March /
Two Months Allowed for
Filing of Earnings With
Revenue Collector

tssS OF gathering income tax and ex-
cess profiss returns viii begin TODAY.
Every unmarried person earninr
more than $1,000 during the last wear.
Snd every married person or head of a
'an''iy VINO made more than $4,000.
must file with the internal revenue
collector OF his district a report any
time between to-day and March /. He
VIII be notified before June OF the
tax due, and payment will be due W
June IL.
ne government expects to receive
S.2o1 100000 from income taxes before
July |, including $500 900, 900 from in
dividuals and $685. ,OGo 900 from corpor-
atoms This is more than one-third of
the S3,400 100000 estimated receipts
under the war revenue act passed by
Congress at the last session.
From excess profits taxes the gov
ernment expects to realize about ST.
.oo,oo0,000 before July l.
$4,000. Gets Extra Levy
The rate of tax for married man
OF the head OF u family is per cent
on the amount of his net income ex-
ceeding $4,000 but less than $4,000, and
4 per cent on the amount of his net
income above $4,000 but less than
$1,000 An unmarried person not the
head Of family will pay per cent
on the amount Of ne; income above
$1,000 but less than $4,000. and per
cent on the net income above $4,000
but less than $1,000.
An extra levy, or surtax- in addition
to the normal tax. is imposed on in
comes above $4,000, SO that the amount
Of income between $4,000 and $500 is
subject 10 j total income tax, including
both normal and extra. OF per cent;
ard between $500 and $4,000, 6 per
cent. The surtaX further increases
with higher incomes, SO that amounts
o- S1.e0o.0n0 are taxable at Go per
cent. with l per cent additional for
each haifmillion up to S2,oo0,ooo. All
incomes over the latter amount are
taxable At 61 per cent
Typical income taX Ievies on heads
O. families are as follows: Income OF
s2.500. tax is $l0; income OF $4,000,
tax is $50; income OF So 800, tax is $50;
income OF $4,000 tax is $40; income of
$4,000. tax Is $50; income Of $4,000,
tax is $50
May Pay in Instalments
Unmarried persons would pay in this
way. Income OF $500, tax is $40; in
come Of $1,000, tax is $50; income Of
$4,000. tax is S30 income of $4,000. tax
is sac; income Of SO $500, tax is $50; in
come Of $4,000. tax IS $50; income Of
$500, TAX is sl0O, income Of $1,000,
AK Is SIC
Taxes may be paid in four install
nents between now and June IS. T. this
arrangement is preferred but the
Treasury viii open determined cam
raign soon to encourage persons to pay
their tax in full Immediately. and re-
oeiVe interest on the advance payment
Seven Million viii Pay Tax
About 100000 persons will pay in
come taxes, i is estimated, and most
viii be subject to & direct Federal tax
for the first time, for less than 100000
paid income taxes last year under the
old law Tx return forms have been
made as simple as possible, those for
Incomes Of less than $4,000 being espe
c.aly free from technical features or
inquisitorlal items.
Corporations Will pay income taxes,
also. but or different basis Their
ret income is subject to a tax Of per
cent under the new war revenue act,
and certain technical deductions are
allowed. Corporation returns are due
between January and March I for
he calendar year 1917, and companies
operating on ascal year basis must
report within sixty days after the end
Of the fiscal year.
Beginning today, also, excess profits
returns for the wear 1917 will be re-
oe'Ved from corporations. partnerships
and individuals. The last date for
the fling Of these is March l, the
same as on income returns. and pay
nent must be made also before June
-. except under the fiscal year ar
rargcment.
Individuals making more than $4,000
during the year also are subject to an
pc, cent tax On their income above
that amount. Independent of the regu-
lar Noon taxes. This pe- cent levy
Is imposed on individuals with no CAPT
tai or with only nominal capital such
IS professional men with money in
Vesea in books, dentists and physi
ciana II strlluentS or other eGninment