The copper era and Morenci leader., 1918-01-18
INCOME TAX EXPERT G|VESINFORMAT|ON
 0N QUESTIONS
G. N. Dernier, Deputy Collector, Tells Era Readers Some Needed Facts Regarding Tax Now Being Gener- ally Assessed.

cOll6CCOT anu lOCdIeu III DISDce tOhi pCrarily, has given the Era the fol- lowing facts about his mission:
 When you visit the collector, you should have a statement with you bearing on your income.
 If a wage earner, you should have written down the exact amount of wages received in 1917 and name of employer; salaried men the same.
 If you received wages from two or more employers, the name of each employer and exact amount received from each should be noted down.
 Amount of any interest received or credited to you for money in deposit in banks should be shown. Also amount Of any interest received from moneys loaned out; amount Of div1- depds received from stocks; profits from partnerships or other businesses If any property of any character | was sold at a profit in 1917, report amount of such profit, also cost and selling price.
 Note down rents received from property you own, together with am- | ount of fire insurance, any loss by | fire or storm, interest paid out, local l taxes and cost of such property. | (Repairs or depreciation on property are cerdited to you depending on the cost of the property.) Report amounts donated to Red Cross, or any Religious, Charitable or Scientific organization.
 A married man should bring an ad- ditional itemized statement concern | ing his wife's income. General rules regarding the income tax as applying to individuals are as l follows:
 Redemption for Personal Expenses
 Exemption of 100000 is allowed a
 single man. So if he makes anything
 over $1 100000, the amount in excess
 of $1,OOO. .OO is taxable.
 Exemption of $2,000.00 is allowed
 a married man, and $20 additional
 for each dependent child under IS l years of age. A return has to be filed | if his income is $2,000.00 or-over.
 If man is single, yet is the sole
 support of a dependent relative, he
 automatically becomes the head of a family, and his exemption is $2,000
 the same as a married man.
 Women must pay tax the same as
 men.
 Single women are allowed $1,O0C exemption.
 Married women may include their
 returns with their husbands, or file
 separate returns if they wish.
 All aliens residing in the United
 States are subject to tax the same as
 citizens, provided they have received
 income from sources within the Unit ed States.
 Income from estates is taxable an( : the judiciary in charge is accountable for the filing of the return and pay
 ment of the tax.
 No exemption is allowed for house rent, food stuffs, life insurance, cloth
 ing, schooling, doctoring or medi , cines, pleasure automobiles dr flor , any such expenses whatsoever, or ex penses on tax payers personal resi-
 dence property, except to the amour , of the personal exemption of $1 ,00' or s2,0OO.
 2-Amount of Tax. l A tax of percent is charged ol the first S2,00O of the taxable amour in excess of the exemption amount o
 S1 900 or S2,000 as the case may be For instance, a single man would pay percent on $2,000 of net in come of s3,000, or $40. A married man would pay 2 percen | on S1 ,0O0 of a net income of g., 1000, O s20, additional exemption being al lowed for dependents under IS year . of age. :, Entire amount over the first taxable
 amount of $2,OO0 is subject to 4 pc s cent tax.
 Any net income in excess of $500 , is always subject to one more specia I tax known as the 'surtaX' and it ma, 3 be subject still further to third tax 1xro hn t 3-To, Ascertain Net Income am t Amount Subject to Tax , This is done in the case of a wag earner, by reckonng what he has re ceived for labor during entire year o
 1917. If he hasn't proper record o $ wages received, he should inquire o his employer. If he has received wag s es from more than one employer, tn amount received from and name c
 each employer must be shown. Board and room given for service = should be reported in addition to wa 5 eS.
 e If he is married and his wife has a if income too, it should be added to hi = own income.
 Amounts received from all othe sources are also liable to the ta2 l. such as rents from properties, interes y on loans, interest on bank deposits n sale of stocks and profits from bus
 ness. Dividends from stocks are nc taxed unless when added to other il u come they bring the total net incom Il up over $5,000.
 IS Against such amounts are credits ( s certain local taxes, insurance, inte NY est on borrowed money, depreciatio y repairs on rental property or an l. other legitimate business expense