Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1918-01-01
INCOME TAX LAW
HITS EVERYBODY
BETTER READ ITS PROVISIONS
CAREFULLY AND SEE HOW YOU
ARE AFFECTED-RETURNS DUE
SHORTLY.

task of gathering income tax and ex-
cess profits will begin with the new
year tomorrow.
Every unmarried person earning
more than $1,000 during the last year,
and every married person or head of
family who made more than $4,000
must file with the internal revenue
collector of his district a report any
time between tomorrow and March
]. He will be notified before June
] of the tax due. and payment will
be due by June Is.
The government expects to receive
81 ,201 100000 from income taxes be-
fore July1, including 1896, 100000 from
individuals and $685., 100000 from
corporations. This Is more than one
third Of the $1,000, 100000 estimated
receipts under the war revenue act
passed by Congress at the last, ses-
sion.
From excess profits taxes, the gov
eminent expects to realize about ST.
220,000,00o before July /.
The tax rate for the married man
or the head of family is 2 per cent
on the amount of his net income
exceeding $1,000, but less than $4,000,
and four per cent on the amount Of
his net income above $4,000 but less
than $4,000. An unmarried person not
the head of family will pay two per
cent on the amount net income above
$1,000 but less than $4,000, and four
per cent on the net income above
$1,000 but less than $4,000.
An extra levy of surtax in addition
to the normal tax, is imposed on in
comes above $4,000, so that Z the
amount income between $4,000 and
$500 is subject to total income tax.
including both normal and extra, of
$10,000,5 per cent; and between $1,000
and$10,00o, 6 per cent. The surtax
farther increases with hibher incomes,
SC that amounts OF 100000 are tax.
able at IS per cent with per cent ad-
ditional for each half million Up to
two million dollars. ALI incomes over
the latter amount are taxable at 81
per cent.
Typical income tax levies on heads
OF families are as follows: Income
of $500, tax is $40; income of $500,
tax is $40; income of $500. tax is
$50: income of $4,000, tax is 40; in
e g 81 s4,gSS &C. tax f $50; income OF
$1,000, tax is $50.
Unmarried persons &ould pay In
this way: In come of $1,000, tax is
$40; income of $4,000, tax is W. IN
some of $500. tax is $50: income OF
$4,000, tax Is $40; income of $3,50V'
tax is $40; income of $500, tax is
SEQ; income Of $4,000. tax is $50; In
come of $4,000, tax is 500; income Of
5000, tax is $3.50.
Taxes may be paid in four install
ments between now and June Is, IL
this arrangement is preferred but
the treasury will open a determined
campaign soon to encourage persons
te pay their tax in full Immediately,
and receive interest on the advance
payment.
A small army of accountants, cspe-
eially trained for the work In schools
conducted by district collectors for the
past two weeks, will go into the field
beginning Wednesday to assist per-
sons. in filing their returnes, and will
travel on pre-arranged itineraries Tor
a month or more. In addition, federal
federal agricultural agents. and repre-
sentatives of state and county councils
OF national defense, have enlisted in
the campaign of education. By this
ext nsive campaign of education, In
ternsl Revenue Commissioner Roper
to eliminate the chances of failure
to file a return through ignorance
of the requirements.
In fact, off ials in charge of the tax
gathering MAJ dne except to entirely
eliminate tP Usual grudging spirit of
taxpayers. hey have called this a
Liberty Tax because it's proceeds
go to the same war cause as the
Liberty Bond issues, and every ef-
fort will be made to encourage the
spirit Of willing giving among those
on whom the tax fallss.
About seven million persons will
pay in come taxes, it Is estimated,
and most will be subject to a direct
federal tax for the first time, for less
than 100000 paid income taxes last
year, under the old law Tax return
forms have been made as simple as
possible, those for incomes of less
than $4,000 being especially free from
tSohnf0oI f,,roa -