The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-02-16
TAX
FORMS TO
BE HAD
COLLECTOR BEFORE
MARCH 4

Income tax forms are now In
Goldfield and may be obtained al
the postoffice or at the office oil
Harry Ruhl, who has a large sup.
ply that he obtained from the in
ternal revenue collector at Sar
Francisco.
Plans for the collection of in.
come taxes shave been under way
for some time here, but it was not
until this morning that a clear in.
depreciation of the new law could
he obtained.
The new income tax law is mere.
ly the old one extended to lower
incomes of individuals, partner
ships and corporations, and Harry
Ruhl, who has handled these affairs
for local individuals and corpora.
tions in the past, has extensive in
formation on the subject and from
information in his hands and from
the income tax blanks the follow
ing has been learned as to the exact
meaning of the law and persons to
whom 1t applies:
If q person Is a citizen or resi-
dent of the United States, with a
net income in 1917 that equalled or
exceeded $4,000, If married and liv-
ing with a wife. or $1,000 If not mar
ried, or not living with a wife, then
a statement must be made on the
forms provided.
This Is the broadest interpreta-
ton Of the law and covers COM
pletely those who must make a
statement. 1t is evident that 1t
covers every single man whose net
income for 1917 averaged $50 a
month and every married man
whose net income was $3.50 month
ly or over.
By met income" is meant total
income from which has been de-
Quoted certain we'll defined things,
such as indebtedness, contributions
up to Is per cent, taxes and inter
est paid. For instance If a single
man pays board In a restaurant or
hotel and buys clothes and shoes,
such expenses cannot be deducted
in figuring net income. On the
other hand, If he bought stock in
1917 and sold 1t in 1917 with such
a loss as to bring his net income
under $1,000 If he is single, then
he would not have to pay a tax,
but he would have to fill out a
blank. He would have to pay If
the stock were bought in 1916 and
sold in 1917. If he were buying
a house on which he was paying in
stallments at such a rate that his
ircome would be reduced below
$1,000, he would not have to pay a
ak, but he would have to fill out
a blank.
The tax rate is Q per cent on net
incomes up to $4,000.
School teachers. state and county
officials or employees are exempt,
except in cases where they have
sources of income other than from
their labor.
Following are four typical ex-
amples of persons who would or
would not have to pay an income
tax:
No. John Smith is single,
with a net income of less than
$1,000.
Answer-He is not required even
to file a return.
No. 2.-William Jones is mar
ried, with a net income of less than
$4,000.
Answer-He is not even required
to file a return.
No. 3.-Peter Brown Is single,
with no one dependent on him for
support and with a net income OF
$500.
Answer-He is required to file
a return and pay a tax OF 2 per
cent on $500.
No. Arthur Burns is single
with a net income of $500, but
his aged mother is dependent on
him for support.
Answer-He is the head of a
family. He should file return. but
in 1t claim exemption of $4,000 and
thus have no tax to pay.
After the forms have been filled
out and sworn to they must be
sent to Justus S. Wardell, collector
of internal revenue for this dis
trict, at San Francisco.
Many of the blanks that have
been received here are confusing In
+ha hottom iS Drint0d: This