Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1918-02-22
Two and a Half Billion Dollars
win Be Collected Under War
Revenue Act.
IS CALLED THE LIBERTY TAX
Every Married Man or Head Of a Fam
lily Having an income of $4,000 a
Year and Every Single Man
Having an Income Of ST.
600 Must File Return.

Westinghouse million taxpay-
ers will contribute this year, in pro-
portion to their income. to the cost of
the war. The estimated revenue to be
collected under the war revenue act of
October 3, 1917, is 2,5O0,0O0,000. Of
which $666,000.0O0 is in individual in
come taxes. More than 6.000,000 per-
sons who never before have paid an
income tax will be assessed.
Liberty tax is the designation Civ
en- the levy by Daniel c. Roper, COM
missioner of internal revenue. The
title is an apt one, for the revenue 10
be derived under the war revenue act
and the proceeds from the sale of the
Liberty bonds are to be used for the
same purpose, to feed, clothe and fur
nish with ammunition the American
armies. The owner of Liberty bond
is entitled TO feel a pride also In the
possession of an income tax receipt
Many persons shared in the prosper
ity of 1917. Merchants, farmers. bush
ness and professional men and en-
RAOSNC1 WHY ~ knEul q
a continuance of prosperity each must
assume n share of the common bur-
den-a burden so distributed that
every man is assessed according to his
income. Better for the American peo-
pie to pay to their own government a
Liberty tax of $500, 0O0, 900 than war
indemnity to Germany of many times
that amount.
Who Must File Returns.
Now is the time to file your income
tax return.
Income tax forms may be had from
collectors of internal revenue. These
have been prepared in the simplest
form possible and with a little care
and attention taxpayers should be able
to fill them out to the satisfaction Of
themselves and the government.
If married or the head of family,
and your net income for 1917 was ST.
co or more, you are required to file
with the collector of internal revenue
in the district in which you live re-
turn of your income for the calendar
year. If single and your income was
$1,000 or more you are required to
make such return. These returns
must be in the hands of collectors not
later than March /, 1918
The normal rate Of tax under the
war revenue act of October 3. 1917, is
2 per cent on incomes above the
amount of exemption, which is $1,000
in the case Of married persons or heads
of families and $1,000 in the case Of
single persons The old income tax
under the act of 1916 still is in effect,
so that the total OF your tax will be
the sum Of these taxes added together.
Under the act of 1916 the normal rate
of tax is 2 per cent on incomes of mar
ried persons in excess of $1,000 and
on incomes of single persons In excess
of $1,000
For example, If you are married and
your net income for 1917 was $1,000
you win be taxed $50. This Is 2 per
cent on the amount above the exemp-
ton Of $1,000 under the act of 1917 and
2 per cent on the amount above the
exemption Of $4,000 under the act Of
1916.
Exemption for Children.
II married or the head Of a FAMILY
you are allowed an additional exemp-
fion Of 500 for each dependent child.
Il under eighteen years Of age or In