Pine Bluff daily graphic., 1918-01-10
VILL. EXPLAIN
 INCOME TAX Al
 MELTING YONIGB1
Deputy Collector Solmson to Address Industrial Elm
 ployes at Courthouse.

!he workings of the federal income tax law Will be explained by Deputy 1 lollcctor Meyer Solmson at meeting to be helG in the circuit courtroom of the courthouse at o'clock tonight 1 ihe meeting has been called by Mr. 1 Sollns0n 10r tie purpose of en9hlinr the road and shop employees of the cotton Belt and the employees of all the other industrial plants in inc citv 10 learn what is required of them by the new law. The greater portion of llese men are reached by the income tax regulations, 2s all single men mak- 1 Ing Sl,o00 year OF oyer and all mar fled men making $2,000 year or over come under the provisions of the law. [ AS theSe men have no opportunity to call at MT, SolmSOns office in the posi- o11lce building during the day. the col lecIof has taken this method of in- torinlng them on the intricate work ings of the new law. While the meeting is to he held Dri 1
 narlly i'll the interest of the industrial employ@s, the public at large is in 1 vited to attend. Mir solmson is plan ming to holt a meeting for the sales people and office employees of the city at some later date. County Officials Asked to Aid, l Jack Walker, internal revenue col lector, has sent out a circular letter. l to Inc county tax collectors and other l local officials appealing to their patri- Ctisln Tn assisting the internal revenue department to acquaint the people in the rural communities with their ob- legations in regard to the income tax. ard thus prevent those subject to tho 1 tax from becoming liable to the penal 1 tics imposed on those failing to make i their returns. The letter made clear the application of the income tax toI the small incomes involved. 1 The letter; in part, said "The idea prevails in rural sections that the income tax does not apply to 1 i small business men and farmers. This l is mistake. It applies to every single. person who has a net income of $l,-, 600 or more, and every married per son who has a net income of 2,0GO or more for the year 1917. You will see, therefore, that it applies to most of your neighbors. Now. if they don't | pay the income tax when it is due they will be violators of the law, subject 10 penalties of 90 per cent of the tax, fine ranging from $20 to $1 .o00 and | Imprisonment Ill case of fraud.
 of the income tax collector who was sent to the county seat of your cOuD- tv is no longer there, the people who did not see hi mshould then at once write to the collector of internal rev !, enuc. Little Rock, and request blank | ! felan upon which to prepare their re- turn Of net income This should be done in order that their returns of | net income may be filed With the col lcctor of internal revenue before March 1, 1918.
 'The shortest way to determine if a person is subject to the income 1aX is to add all the money GOT it's equiv alont--notes, ctcD which he receives from every source during the calendar year 19l1--from January 1 to Decem- Der 31 Then subtract from this amount the total of his expenses and !, other authorized deductions. EX- pcnseS. however, do not include per sonal, living or family expenses: neither do they include cost of new machinery, new buildings, new silo, new fences. drainage or ditching. Ex- penses do not include any expenditure for anything of the nature of perna- nent improvements or bettclments. or anything which adds to the value of the farms. Expenses include only what is actually paid for labor tex cept t0 ones own male children un- der 21 and female children unGer 1S), toCls that wear out in a year or two, repairs for machinery used on the farm fertilizer, spraying material for orchards, ginning, tlresllins. gasoline for poN~cr on the farm, seed for plant ing, tWine, grease, oil and suta Ike expenses actually incurred in produc- ing the years crop. State and county taxes are also to be deducted, but taxes paid for drainage and improve ment districts cannot be dcGucted.