Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1918-01-09

ALL SUBJECT TO INCOME TAX
REQUIRED TO SUBMIT STATE.
MENTS BY MARCH /.
HEAVY PENALTY FOR FAILURE
Returns Will Be RigidIy Checked and
Assistance Given Taxpayers by Of.
flcials in Every County-Tips
to Farmers

Washington.-An good Americans
who are making a fair living are now
called upon to pay, in the way of an
income tax, their share of the cost of
the war. Whether or not he is sub
ject to this tax is the question every
man must settle at once. In A few
words this Is the answer: Every nm
married man whose net income Ia 81.
600 or more and every married man or
head of a family whose income is 81.
600 or over must pay the tax. Before
March I, 1918, he must file his return
with the collector of internal revenue
In the district in which he lives or has
his principal place Of business.
The man who thinks to evade this
tax is making serious error. Revenue
officials will be in every county to
check returns. Failure to make a cor.
rect return within the time specified
involves heavy penalties.
met income" means gross income
less certain deductions provided for by
the act The law defines income as
profit, gain, wages, salary, commits
slons, money or its equivalent from
professions, vocations, 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 CT
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 married person or head of fam
lily and $1,000 in the case of a single
person. A married person or head of
a family is allowed an additional ex-
emption Of 5000 for each dependant
child if under eighteen years Of age
or incapable of self-support because
defective. The taxpayer is considered
to be the head of a 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 duty to support
such person is based on some moral
or legal obligation.
Debts ascertained to be worthless
and charged off within the year and
taxes paid except income taxes and
those assessed against local benefits
onH Otbnr OOiOtS
of the income tax section of the war
revenue act will be fully explained by
revenue officers who will visit every
county in the United States between
January 2 and March l to assist tax
payers in making out their returns.
Officers to Visit Every Locality.
Notice of their arrival in each local.
ity will be 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 SUD-
ject to the tax the fact that failure 10
see this official in no way relieves
them of the duty imposed by la" 10
file their returns within the time specl-
fed.
The government is not required 10
seek the taxpayer. The taxpayer Il
REQUIRED to seek the government.
The penalty for failure to make the
return on time is fine OF not less
than $40 nor more than $1,OOO' anu
in addition so per cent Of the amount
of the tax due. For making Ialss
or. fraudulent return, the penalty Is
q fine not to exceed $4,000 or not eA-
ceeding one years imprisonment y,
both, in the discretion Of the court anu
in addition 100 per cent OF the 'aA
evaded.
AS to the Farmers.
The number of farmers who VIII p"y
inAome taxes has not been eslllla'II
by the government officials, Out
certain they will form large percen
tage of the 100000 persons assessor
who never before have paid an lhcona
tax. The average farmer does nv
keep books but If he avails himseiI VI
the services Of government experts
who will be sent to aid him, 1t VIII NV
be difficult for him to ascertain 'n0
amount of his net income.
The farmer is making out his re'ulI
may deduct depreciation in the VdiuO
of property and machinery USED III INC
conduct of his farm, and loss Dy M -
storm or other casualty, or by fhelt u
not covered by insurance. EXPENSE
actually incurred in farm operatloH
NAV be deduct ed, but not family OF Nv
ing expense. Produce raised Oh tno
farm and traded for groceries, wearing
apparel, etc, is counted as hVihs
penditures and cannot be deducteu'