The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1918-01-09
INCOME TAX RETURNS.
WHO is LIABLE AND AMOUNT OF
TAX.
i:etruns Must BE Made Between Jan.
uary 1st and March 1st.

Washington, Jan. 2.-The great
ask Of gathering income tax ano
excess profits returns began with the
new year.
Every unmarried person earnin,
more than $1,000 during the last year
and every married person or head o
/, family who made more than $4,000
must file with the internal revenu.
-ollector of his district a report any
lime between Jan. 1 and March l.
tIe will be notified before June /. o.
he tax due, and payment will b.
iue by June Is.
The governmC"t expects to re-
,eive $1,201, 100000 from income
axes before July l. including $685.
100000 from individuals and $685.
100000 from corporations. This i.
nore than e-third of the $780,
100000 estimated receipts under tn,
war revenue act passed by congress
It the last session.
From excess profits taxes, the gov
ernment expects to realize about ST.
| 100000 before July 1.
The rate of tax for a married
| nan or the head Of family is pei
| cent on the amount Of, his net in
ONE exceeding $4,000, but less thai
! $4,000 and per cent on the amount
| If his net income above $4,000 but
.ess than $1,000. An unmarried per-
1 son not the head of family will
pay per cent on the amount Of net
! income above $1,000 but less thar
and per cent on the net in
/ ome above $4,000 but less than s5,-
1000.
/ An extra levy, or surtaX, in addi
ion to the normal tax, is imposed OF.
Incomes above $1,000, SO that the
mount of income between $500,
md $500 is subject to total in
come tax, including both normal anc
,xtra, Of per cent; and between ST.
100 and $4,000, 6 per cent. The sur
AK further increases with higher in.
comes, so that amounts of $1,000, ,0Ot
re taxable at 65 per cent with one
)er cent. additional for each hall
million up to two million dollars. Ali
Incomes over the latter amount ar
taxable at 81 per cent.
Typical income tax levies on head.
)f families are as follows: Income O..
$500, tax is sic; income Of $4,000
AK is $40; income Of $3,500, tax il
$50; income Of $4,000, tax is $40; in.
.ome Of $4,000, tax is SEQ; income
5000. tax is $50.
Unmarried persons would pay il
his way: Income Of $1,000, tax il
80; income of $4,000. tax is $40;
ncome OF $2,500, tax is $50; incomc
II $4,000, tax is $40; income OF 49,.
90, tax is $50; income Of $4,000, tax
j $50; income Of $4,000. tax is $1OU
ncome Of $4,000, tax is $12O.
Taxes may be paid in four install
'ents between now and juno Is. il
| his arrangement is preferred, bu
he treasury will open a determined
'ampaign soon to encourage person.:
pay their tax in full Immediately
and receive interest on the advanc,
payment.
A small army of accountants es
| 'ecially trained for the work H.
chools conducted by district collec-
ors for the past two weeks, will gt
nto the field beginning Wednesday to
assist persons in filing their returns
nd will travel on pre-arranged timer
aries for a month or more. In ad.
ition. federal agricultural agents.
md representatives Of State and
'opnty Councils Of National Defense
| have enlisted in the campaign of ed
'cation BY this extensive campaign
IT education. Internal Revenue Com
missioner Roper hopes to eliminate
the chances of failure to file return
/ through ignorance Of the require
ments.
In fact. officials in charge of the
ak gathering machine expect t.
eliminate the usual grudging spirit
)f taxpayers They have called this.
Liberty Tax" because it's pro-
leeds go to the same war cause as the
liberty Bond issues, and every effort
VIII be made to encourage the spirit
II willing giving among those on
whom the tax falls.
About 100000 persons will pay
income taxes, it is estimated. and mos
Will be subject to a direct federal tax