The daily banner. (Cambridge, Md.) 1897-2008, 1918-03-06
YOUR INCOME TAX
More Than 100000 People Will
Pay an Income Tax This Year,
Which Greatly Exceeds The Num-
Der Last Year.

Washington, y. c., Mar. John
II. Goldbonds-the name is tcuonai,
but there are quite a few John Ms
in the United States-thiS year will
pay an income tax Of $500. lSV.
John Ms income for 1917 was So
100000.
john y. Smuhkins-also tiCtionai
will pay $40. Smithkin's income
fer 1917 was $4,000. Both are
married.
This is an Illustration of the OPP
Grafton of the income tax provisions
of the War Revenue Act OF October
s, 1917, and the acts OF September
s. 1916, which preceded ii ana
which remains in force.
The normal rate of tax under the
act Of 1917 is per cent. on the net
income OF unmarried persons in eX-
cess of $4,000. Under the 1916 act
the normal rate is per cent. on the
net income of unmarried persons in
excess of SO 900 and on the net in
come of married persons in excess OF |
$4,000 An extra levy or SurtaA !
ranging from | per cent. on incomes !
between $4,000 and $500 to so
per cent on incomes in excess OF
100000 is imposed by the act of |
1917. The act of 1916, in addition |
to the normal tax, imposes a SurtaN !
ranging from l per cent. on incomes !
between $4,000 and $4,000 to Is |
per cent on incomes in excess of ST. I,
100000. John NJ. will pay per |
cent on his income in excess of So
600, , per cent. on his income in eX-
cess of 81, 900, so per cent. on his |
income in excess of 81 100000, and |
Is per cent on his income in excess
of S2.000,000. Smithkins will pay , |
per cent on his income in excess of |
$4,000.
The income tax, as thus shown, is |
no longer a rich mans tax, but q
levy so graduated that every person |
is assessed according to his income. |
Last year 500, 900 persons paid an
income tax.
This year the number will be more
than 100000.
The estimated revenue to be col
lected under the War Revenue Act
of 1917 is $2,500.000, of which
$3.50, 900 is in individual in
come taxes. Every unmarried per-
son who made $40 a week or more
and every married person who made
$40 a week or more is assessed. Re
turns are required of unmarried per-
sons whose net income for the cal
endar year 1917 was $1,000 or more
and of married persons whose net
income was $4,000 or more.
The Commissioner OF Internal
Revenue, with the approval of the
Secretary of the Treasury, has eX-
tended the time for filing returns
from March 1 to April 1, 1918. This
affords the taxpayer ample oppor
tunity, but to delay until April 2,
renders the delinquent subject TO a
fine of not less than $40 nor more
than $1,000 and an additional as
sessment of so per cent. of the
amount of tax due.
Blank forms may be obtained
from collectors of internal revenue
or from revenue officers who are
visiting every county in the United
States to assist taxpayers in making
out their returns. The services of
these experts are offered without
cost The location of their offices
may be obtained on inquiry from
collectors, banks or postmasters. The |
return must be filed with the collec- +!
tor of internal revenue of the dis |
trict in which the taxpayer lives or ,
has his place of business.
Payment must be made on or be- |
fore June Is, 1918. The penalty for /
failing to pay tax when due is an |
--sassseSsssf Of S -s-sr- cent Of 4he
amount unpaid, plus interest at the
rate of l per cent. month during
which it reamins unpaid. For MAX |
ing false or fraudulent return, the /
penalty is a fine not exceeding 81,
600 or not exceeding one years i'm |
prisonment, or both, in the discre- ,
ton of the court, and, in addition, |
100 per cent. of the tax evaded.
The man who thinks to evade the |!
income tax is storing up for himself |
trial and tribulation. Ignorance of !
the law cannot be accepted as an ex-
cuse. To the tax dodger' who de- |
Hberately seeks to evade his just |
share of the war burden no consid- |
Grafton will be given. Whether you !
are a Goldbonds or a Smithkins, re-
member that in paying your income |
tax you are helping to crush forever |
the fear of German dominion and to
confer upon the world theboon of a /
lasting DPacp