The Keota news. (Keota, Weld County, Colo.) 1911-1922, 1918-01-04
HEAVY PENALTY FOR FAILURE
Returns viii % RloIdiy Checked and
Assistance Given Taxpayers BY OF.
neials In Every cevnty-Tips
70 earmero.

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 few
words this IL the answer: Every I'm.
married man whose net income Is 81.
600 or more and every married man or
head Of family whose income Is g..
OOO or over must pay the tax. Before
March l. 1913. 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 IL making a serious error. Revenue
officials will be in every county to
check returns. Failure to make cor.
Involves heavy penalties.
met income" means gross income
less certain deductions provided for by
the act. The law defines income AZ
profit. gain. wages. salary. commits
siOns. money or Its equivalent from
professions. vacations. 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 rs guardian. trustee Or
executor; from dividends. pensions.
royalties, or patents, or oil and gas
wells. coal land. ETC., are taxable.
Normal Rate 10 Per Cent.
The normal rate Of tax Is 2 per cent
on net incomes above the amount Of
exemptions, which 10 $1,000 In the case
Of q married person or head Of q fam
lily and $1,000 in the case Of single
person. A married person or head Of
. family Is allowed an additional ex-
emption Of 500 for each dependant
child II under eighteen years Of age
or Incapable Of self-support because
defective. The taxpayer Is considered
actually supporting one or more per
sons closely connected with him by
blood relationship or relationship By
marriage. or II his duty to support
such person IL based on some moral
or legal obligation.
Debts ascertained to be worthless
and charged of within the year and
taxes paid except income taxes and
those assessed against local BENEFITS
are deductble. These and other points
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 to assist tax.
payers in making out their returns.
ofl'esrs 70 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 10
seeking to impress upon persons sub
ject to the tax the fact that failure to
see this onicial in no way relieves
them Of the duty imposed by law to
Ole their returns within the time speci.
aed.
The government Is not required to
seek the taxpayer. The taxpayer 10
required to seek the government.
The penalty for failure to make the
return on time 10 fine Of not less
than $50 nor more than $1,000, and
in addition 80 per cent Of the amount
Of the tax due. ~.