The Kadoka press and Kadoka reporter. [volume] (Kadoka, S.D.) 1910-1923, 1918-01-04
MUST FILE RETURN
ALL SUBJECT TO INCOME TAN
REQUIRED TO SUBMIT STATE.
MENTS BY MARCH I.
HEAVY PENALTY FOR FAIL URE
Returns Will Be Rioidly Checked and
Assistance Given Taxpayers by or.
feis's in Every county-Tips
TO Farmers.

Washlngton.-All good Americans
who are making 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 q few
words this Is the answer: Every un
married man whose net income Is 81
ooo or more and every married man or
head OF family whose income is 81.
wv or over must pay the tax Before
March i, 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 eyade this
tax Is making serious error. Revenue
othclals will be in every county to
check returns. Failure to make cor.
rect return within the time specified
involves heavy penalties,
Net income" means gross income
less certain deductions provided for by
the act. The law defines income as
pr"ht' gain, wages, salary, commits
Sl0ns, 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 OF
executor; from dividends, pensions,
royalties, or patents, or oil and gal
wells, coal land, etc, are taxable.
Normal Rate Is Per Cent.
The normal rate OF tax is . per cent
on net incomes above the amount of
of a married person or heaG of a fam.
lily and 81 900 in the case of single
person. A married person or head of
a family is allowed an additional ex-
cmptiOn 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 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 ascertaiLed to be worthless
and charged off within tie year and
taxes paid except income taxes and
those assessed against local benefits
are deductible. These and other points
Of the income tax section of the war
revenue act vii, be fully explained by
revenue officers who will visit every
county I'm the United States between
January 2 and March to assist tax
payers In making out their returns.
Officers to Visit Every Locality.
Notice of their arrival In each local T!
ity will be given I'm advance through .
the press. banks and post Offices. They I
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 sub
ject Ia the tax the fact that failure t"
see this official In no way relieves |
them Of the duty imposed by law tc
file their returns within the time specl
fed.
The government is not required to
seek the taxpayer. The taxpayer Is
required TO seek Tie government.
The penalty for failure 10 make the
return on time is Il fine of not less
than $40 nor more than 1900. and
in addition 30 per cent Of the amount
of the tax due For making a false
or fraudulent return, the penalty is
n fine not to exceed $1,000 or not eX-
reeding one years imprisonment, or
both. in the discretion of the court, and
in addition 100 per cent of the tax
evaded.
As to the Farmers.
The number Of farmers who will pay
ncOme taxes has not been estimated
~ the government officials. but 1t is
certain they will form 4 large percen-
age OF the G000,O00 persons assessed
Who never before have paid an income
AK The average farmer does not
Keep books but iT he availS himself OF
he services of government experts
Who will he sent to aid him. il will not
'e difficult for him 20 ascertain the
mount of his net income.
The farmer Is making out his return
nay deduct depreciation in the value
f property and machinery used in the
onduct of his farm, and loss by fire.
torn or other casualty. or by theft II
ot covered by Insurance. Expenses
ctrally incurred in farm operation
lay be deducted, hut not family or liv.
lg expense. Produce raised on the
arm ana traded for groceries. wearing
iIparel, etc. is counted as living ex.
L l. Il