The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1918-03-08
YOUR INCOME ].
TAX AND HOW
ITW0RKS0UT'
If Your Revenue for 1917 Was
Three Million, You Pay
Uncle Sam S1,8OO,1S0
THE CASE OF JOHN SMITH
Ordinary S2,500-the-Y Year Eel
lows Can Pike Along OF
!, kick-in Of Ten Bones

Washington, D. c., March S.-John
N. Goldbonds---the name is fictional
! but there are quite few John Ms
in the United States-this year will
pay an income tax of $1,S00,1S0. John
Ms income for 1917 was $3,O00,0O0.
John D. Simpkins-also fictional-
will pay $40. Simpkins' income for
1917 was $4,000. Both are married
This is an illustration of the opera
ton OF the income tax provisions OF
the War Revenue Act of October 3,
J 917 and the act of September s, 1916
which preceded it and which remains
in force.
The normal rate Of tax under the act
of 1917 is per cent on the net income
of unmarried persons in excess of
81 600 and on the net income of mar
ried persons in excess Of $4,000. I'm
der the 1916 act the normal rate is
2 per cent on the net income Of unmar-
ried persons in excess of $4,000. An
extra levy or surtax ranging from
per cent on incomes between $4,000
and $500 to so per cent on incomes
in excess of $1,O00,00O is imposed by
he act of 1917 The act Of 1916, in
addition to the normal tax, imposes
a }surtax ranging from 1, per cent
on incomes between 100000 and $780,
zoe to l3 per cent on incomes in eX
cess of 100000. John nj. will pay
per cent on his income in excess OF
$2,000,t2 per cent on his income in
excess of $4,000, 80 per cent on his
nf
13 per cent on his income in excess
of $4,000, 600. Simpkins will pay per
cent on his income in excess Of $4,000.
The income tax as thus shown, is
no longer a. rich mans tax but a
levy SO graduated that every person
is assessed according to his income
LAST year 100000 persons paid an in
come tax. This year the number will
be more than 100000.
The estimated revenue to be col
'ected under the war revenue act of
1917 is 100000, of which $780,.
100000 is in Individual income taxes
Every unmarried person who made
0 a week or more and every married
person who made $40 week or more
is assessed. Returns are required OF
Unmarried persons whose net income
for the calendar year .19lz,Nas $1,000
or more and f.married persons whose
net income was $4,000 or more.
The commissioner Of internal rev.
enue, with the approval Of the secre
tary Of the treasury, has extended the
ime for filing returns from March !
to April !, 1918. This affords the
taxpayer ample opportunity, 'but to de
lay until April 2 renders the delin
nuent subject to d fine of not less than
$50 nor more than 81 900 and an add 4
tional assessment Of so per cent OF
the amount Of tax due. I
Blank forms may be obtained from
collectors of internal revenue or from
revenue officers who are visiting ev-
cry county in the United States to
'ssist taxpayers in making out their
returns. The services OF these ex.
oerts are offered without cost. The
location Of their offices may be OBJ
tanned on inquiry from collectors,
banks or postmasters. The return
must be filed with the collector of in
tcrnal revenue Of the district in which
the taxpayer lives or has his place
of business
Payment must be made on or before
Tune Is, 1918. The penalty for fail
ing to pay tax when due is an assess
ment of 5 per cent of the amount I'M
paid, plus interest at the rate of /
per cent month during which it re-
mains unpaid. For making a false or