davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-01-27

pendent children (Which is permitted
to the extent Of $500 for each de-
pendent child under eighteen years Of
age), return should be made on Form
1040A. If the net income Is in excess
Of $4,000. or is in excess Of the per-
eonal exemption to which the taxpayer
Is entitled under the act of September
s, 1916, return must then be made on
Form 1040.
For instance, If q married man with
four children has an income Of $4,000
he would be entitled to an exemption
Of s4,S00 for the purpose Of the . per
cent tax under the act of September 8,
1916, and may make his return on
Form 1040A.
With two separate and distinct laws
Imposing taxes on different amounts
Of income. because Of the difference in
the amounts Of the specific exemp-
tions, the taxpayer is not unlikely to
become confused as to his exact tax
liability. In this connection it should
be noted that the difference in the
amount Of income subject to the nor
NAL tax Of per cent under the act of
September 8, 1916, and the 2 per cent
tax under the act Of October 3, 1917, is
always $4,000 unless the exemption is
pro-rated by the husband and wife in
separate returns.
New-York tribune., 1918-01-27

individuals acting in fiduciary ca
paclty, such as guardians. trustees, ex-
ecutors and administrators, must mako
returns Of the income Of the person.
trust or estate for which they act, and
be subject to all the provisions which
apply to individuals. Income received
by an estate in process of administra
ton or settlement is taxed to the es
tate for both normal and surtaxes, and
return is required when the amount
is $1,000 or over per apnum. Where
the amount paid to any one beneficiary
equals $1,000 or $4,000, according to the
marital status of the beneficiary, or
where any beneficiary is a non resi-
dent alien, q return must be filed on
Form 1041 and an individual return ON
form 1040 for each nonresident alier.
Except where there is nonresident
alien beneficiary, no tax is to be with
held by the fiduciary.
New-York tribune., 1918-01-27
Must Certify to
Ownership of Bonds

~
interest upon bonds or similar obl-
cations must file certificates of owner
ship along with their coupons, as the
paying agents are required to give the
government information concerning
payments Of such interest regardless
of amount, ard may demand this in
formation before making payment. The
Treasury Department has announced
that for the present the same GER
tificates will be used as heretofore,
except that Form 1000 should be used
with coupons from bonds that contain
n so-called tax free covenant wher ex-
emption is not claimed, as these are
the only coupons on which tn. paying
agent is required to deduct and with
hold the tax. In this connection, it is
we'll to mention that this provision for
withholding was inserted for the pur-
pose Of fixing the liability Of the
debtor corporation under the covenant
in its bonds, which usually has an In
tent or is worded as follows:
AuNIcot VIII DC p6lO W1Lhouv
deduction for any taxes which the csn-
pany may be required to withhold or
retain.
AS the company is required to with
hold the tax and pay it to the govern
ment, it does so, and under the COW
enant Of its bonds it pays the owner
his interest in full, and he thus has tho
tax paid for him. If the owner has not
taxable income he should file Form
lo0oB, which would relieve the debtor
corporation from paying tax that he
would not be required to pay.
Nonresident aliens deriving income
| from sources within the United State,
are also taxable for normal and sur
taxes under the act Of September s.
1916, but only for surtax under the
act Of October 3, 1917. If non-resi-
dent alien is not taxable for surtax he
need not file return, if every one
making payment of income to such
nonresident alien deducts and with.
holds the normal tax Of 2 per cent.
If he wishes, however, to obtain the
benefit of the deductions to which he
is entitled, as in the case Of citiyens
or residents, return must be fled, II
his income from sources within the
United States is over $1,000 it is sub
Jcct to surtax and u return must be
filed, otherwise all property belonging
TO him sha! be liable to distraint for
tho tax.
When the individual has determined
New-York tribune., 1918-01-27
| ak on
Dividends


debtedness in connection with any Sc
curities, notes, mortgages, etc, from
which he received taxable income, and
all taxes paid thereon, arc proper de-
ductions from such income.
With respect to taxing dividends on
stock of corporations, an important
change has been made in the law. The
rates OF taxes applicable to dividends
paid in 1917 depends upon when the
surplus Of the corporation paying the
dividend was accumulated. For exam
pie, il dividend is paid in 1917 out
,, Of surplus accumulated in 1917, 1916
and 1915, the portions Of such divi-
dend represented by surplus accumu-
lated in each year will be taxed at
the rates in force during the corrc-
spending year. AS the rates for years
current rates, stockholders should OBJ
tain information from issuing corpora
tions which enable them to show in
their returns from what surplus the
dividends we're paid.
In addition to deductions which the
taxpayer may be required to make from
his separate sources of income, deduc-
tions for interest on personal indebted
ness, taxes on dwelling or personal
property, losses Of property by storm
shipwreck or from theft or bad debts
charged off during the year may be
taken from income.
Income derived from partnership or
paid through a 1iduciary should be en-
tered net, giving the name of the firm
or fiduciary. Under the law, as amend
ed, partnership may make return on
the basis Of its fiscal year. In such
cases only that portion of the income
for the fiscal year which the number
Of months in the fiscal year falling
within the year 1917 bears to the whole
fiscal year will be subject to tax at
the rates effective for 1917.
A deduction for contributions made
to religious, charitable, educational and
scientific corporations and associations
is permitted under the act Of October
8, 1917. The deduction, however. is
limited to 10 per cent of the net in
come, after making deduction of the
excess profits tax, but before the de-
duction for contributions is credited.
Where deductions claimed in respect
to a particular source Of income exceed
the income the net loss may be charged
against other income, except in the case
Of profits derived from sales Of prop
erty not connected with the business Of
the taxpayer.
New-York tribune., 1918-01-27
All Bonuses Not
Subject to Tax

Subject to Tax
IL IS important in regard to bonuses
that only those which are subject to tax
are to be reported, otherwise the tax
payer will pay tax which is not prop
erly due. If bonus Is paid as COM
pensatlon for services and credit is
taken by the employer in his income re-
turn for the amount paid as an cxocnse
OF his business, such bonus is taxable
10 the employe. If, however, the
amount paid is merely gift and is not
PAID as compensation for service, it is
not taxable and the employe should
not include it as income.
professional men are required. as in
Gil other cases, to report their receipts
gross and deduct therefrom all neces-
sary expenses incurred in their bus;-
ness, including Office rent, clerk hir.
etc. II Office furniture, fixtures or
other physical property, such as surgi-
cal instruments, are used in the pro-
LESSON, an allowance for use, wear and
Tear may be made, based on the life of
tho property.
AN important change has been made
IN regard to persons engaged in mcr-
camille or manufacturing business,
They must now report as their gross
income from such business the gross
receipts from sales or production dur
ing the year. If an inventory of mer-
cAandise is kept, the taxpayer will de-
eermlne his net income from such bust
ness by deducting from his gross the
cost OF goods purchased or produced
during the year, together with all e1-
penses OF the business property. de-
probation Of buildings, machinery and
furniture, ordinary repairs, losses and
BAD debts. If the inventory value Of
goods on hand January I, 1918, is great
er than the inventory value as of jam
Arv l. 1917, the difference will be added
70 the amount determined above; il
less. the difference will be subtractcd
and the net amount thus obtained ia
the net income from the business which
Is subject to tax.
Until this year, the inventory Of
merchandise was required in all cases
10 be made at cost. BY recent rulnp
however, such inventory may be taken
either I) at cost, or (2) at market or
COST whichever is lower. provided the
taxpayers books are kept on that basis
and that such method is followed con-
tinuously.
More difficulty is experienced in as
ccrtaining the profits of mercantile
or manufacturing business in which
no books are kept and no inventory is
taken. The Treasury Department has
prescribed two ways in which such mer-
chants may report their income, u) nv
taking as cost Of goods sold the total
cost OF goods purchased during the
year. or (2) by taking as cost of goods
SOLD the actual cost OF the particular
goods, or the market value Of sueh
goods on March /, 1913, if ACQUIRED
prior to that date. 1t would seem that
the first OF these methods would not in
all cases duly reflect the income for tb.
year. and that the second would be
most difficult if no books are kent
"here no books are kept, however. it
will be difficult to follow any rule. and
an accurate return is dependent upon
the honesty Of the taxpayer.
Ihe same regulations Of the Treas.
rW
New-York tribune., 1918-01-27

vcntory merchandise at market or cost,
whichever is lower. extended the privi-
lego to dealers in securities. Only deal
crs who arc engaged in the business Of
buying and selling securities come
within the regulations, and individual
investors arc allowed to take losses
only when determined by an actual
sale,
New-York tribune., 1918-01-27

luNcStOT3 ulC ullOWcu w ldhC lVSSSo
only when determined by an actual
sale
Profits From
Isolated Transactions
Profits arising from isolated transac-
tions involving dealings in real estate,
stocks, bonds and other property not
forming a part Of the taxpayers bust
ness, constitute taxable income. Many
questions arise as to what constitutes
a sale. and it is very often difficult
to determine between sale and mere
exchange of property.
When an exchange is based on equiv
alcnt value in money, the Treasury De-
partment has held that such transac-
ton is sale. For instance. if A
agrees to purchase from piece of
real estate for $4,000 and to pay for
the same in bonds Of a corporation,
basing their value on the market value
on the day the contract is signed,
the transaction is sale. Like
wise, If corporation purchases the
assets of another corporation and gives
to the stockholders Of the absorbed
corporation shares Of stock Of the new
corporation, at definite value, for
shares in the old corporation, q sale
has been consummated which amounts
to closed transaction.
If, however,, new company is formed
to take over an existing company. the
assets of the new company being the
same, and stock in the new is given
to shareholders for stock in the old
company, the transaction is merely an
exchange and does not constitute
sale.
The profit from sales, which must
be reported, is the difference between
the cost and selling prices of the prop
crty or, if the property is acquired
prior to March l, 1918, the difference
between the market value on that date
and the selling price.
There may be credited against this
item Of income losses derived from
SlIulIdT CIduSoCllOlio, UuC IL IHS ~ OiiIo
from such dealings do not amount to
enough to offset the losses no further
deduction will be allowed against other
income. For example, if "a" has prof
its of $4,000 from the sale of stocks,
but sold his home during the year at
q loss of $1,000, he may take the loss
up to $4,000 but the additional $4,000
may not be deducted from income from
any other sources.
Rents must be reported in the re-
turn as the gross amount received
Persons owning and renting property
arc deemed to be in business, and all
expenses incident to such property, in
Guiding ordinary repairs. taxes, inter
est and depreciation, may be deducted
from gross receipts.
Tax on
New-York tribune., 1918-01-27

the taxpayer
The Barre daily times. (Barre, Vt.) 1897-1959, 1918-11-23
BIG DRIVE EXPECTED.
For Congregational Churches in Vermont
Next Month.

Reports from the association chairmen
and from the churches received at the
office of the Vermont Congregational
conference Indicate that the Every Mem
Der drive on Dec. will be the greatest
cooperative movement ever undertaken
by the Congregational churches of Yer
mont. 1t is part of a national move
ment in which it is estimated that co.
600 persons will take part as visitors and
100000 persons will be called on with
in period of about three hours, on the
afternoon Of the Sth, Every Member"
means not merely every church member,
but every church attendant, every Sun
day school scholar and every constituent
and adherent and the main object of the
drive is to enlist all of these more fully
and deeply in the fundamental work for
which the church stands. In addition
the home expenses and the missionary
budgets in each church will be raised. The
financial goal for the nation is $4,000
900; for Vermont $350,000, $4S, 900 OF
which Is for Congregational missionary
work in Vermont, America and the
world.
1t is expected that in Vermont the
number of visitors will be 1900 and the
persons who will be called on 10000. The
visitors will go in teams of two. The
state leader of the drive is Secretary
Charles C. Merrill of Burlington. The
association leaders ares Addison, Rev. L.
Nj. Isaacs, Orwell; Bennington, P. T. H.
Pierson, Bennington; Caledonia and Els.
sex, i. H. Cowes, st. Johnsbury; Chit
tenden, f W. Nash, Burlington; Frank.
lin and Grand Isle, Rev. T. w. Day,
Swanton Lamoille, G. D. Howe, Nor
risville; Orange, Rev G. Z. Goodliffe,
Randolph Center; Orange Grafton, Rev.
Donald Fraser, Wells River; Orleans,
J. G. Carpenter, Irasburg; Rutland, ]. r.
Hoadley, Rutland, and +. p. Treat.
Pittsford; Union, NJ f. Stearns, Spring
iield Washington, H. G.. Woodruff,
Montpelier; Wndham, Rev. r. H. Clapp,
Brattleboro; Windsor, Rev F. G. Alger,
Hartford.
The Barre daily times. (Barre, Vt.) 1897-1959, 1918-11-23
The Patrol Committee Of Vermont,

The patrol committee for the citizens
of the state of Vermont has issued a
folder giving in brief and simple fash
ion the story of the history and aims of
the organization. and is preparing to
mail the statement by the thousand to
voters and tax payers Of the state
Representing the spontaneous combus-
ton Of ideas at gathering Of boards Of
trade and business mems organizations
at the Hotel Equinox at Manchester, last
October this movement has grown until
il Is winning the attention of the whole
state OF Vermont, as the influx Of signed
Il Believe" cards, the creed of the move.
ment, into headquarters is indicating.
The patrol committee, says this cir
cular, is non partisan and non sectional.
1t Is essentially a campaign "to create
sufficient interest in such legislation, SO
that all Of the people will have an oppor-
tunity to express themselves to the gov.
ernor and the Legislature in some def.
mite manner on specific laws especially
drafted to meet the demand of the state
for better things.
Follows the history of the meetings
out of which the patrol committee idea
came and the folder concludes, "Supl
port the patrol committee and You
support statewide effort for a better
Vermont. This movement is Just what
1t pmports TO be--nothing more: An
effort for better laws on five issues"
The Barre daily times. (Barre, Vt.) 1897-1959, 1918-11-23
While the Going Is Good.

Whether ruler is potentate or a
criminal depends on the temper Of the
ruled. Revolution is the great reverser
of status. The hero Of yesterday is the
culprit of to-day.
There was bellicose newspaper in
Germany which went by the name of the
Taglische Rundschau In its column.
Count Ernst Reventlow ceased not Ia
breathe out imperialistic threatening
and slaughter. He out Heroded Junker.
dom.
The German revolution no sooner be.
gan to boil than Count Won Reventlow
crossed the Danish frontier in three leaps
and a bound. As he sped past he was
heard to cry, at will be a lot worse
when the troops get home"
This grim comedy is being repeated by
numerous ex-digntaries, from the kaiser
to Admiral Won Tirpitz, who is report
ed as having fled to Switzerland. Gen.
Won Falkenhayn has disappeared. Crown
Prince Rupprecht of Bavaria has sped
to Holland. Grand Duke Ferdinand of
Mecklenburg- Sclfwern has abdicated and
taken refuge in Denmark Prince Eitel
Fritz is in Louvania, guarded by 100 10y.
alist soldiers. King Ludwig of Bavaria
hit the Swiss frontier, crossed Lake Con.
stance, and when last seen was heading
for the tall mountains. Something seems
to tell these people that the fatherland
il not now health resort for such as
they.
Mr. Gerard, former ambassador to Ger.
many, has predicted that the German
people will take vengeance on its rul.
ers to make the French revolution look
like Sunday school picnic. Prussia
has schooled them for it. They have been
drilled to murder and cruelty. Once their
rulers pointed out whom they should
kill. Now they realize that their enc
mics have all along been not the people
of neighboring countries, but the rulers
of their own. The conclusion is all too
Globe.
The Barre daily times. (Barre, Vt.) 1897-1959, 1918-11-23
Raymond S. Walker.

The funeral services of RAYMOND S
| Walker, who died on Friday last, after
lingering illness of four months, were
held at the home Of his parents, Mr.. and
Mrs. Joseph Z. Walker, at St Johnsbury
Monday afternoon at 2 O'Clock. Rev
George A. Martin officiating. The inter.
ment was in Mount Pleasant cemetery
Besides his parents he leaves two sisters
the Misses Della and Hazel Walker.
Out of respect for the modest charac-
ter Of the deceased, the services were
simple, although that fact did not pre.
vent host of friends and relatives from
coming to pay a last tribute to the mem.
ory Of one whose admirers were legion.
The masses of flowers that came from
st. Johnsbury and surrounding towns
Were mute testimony to the universal
popularity that young Mr.. Walker com
manded.
Raymond Walker was born in st.
Johnsbury and was 20 years of age at
the time of his death. He was a graduate
Of the St Johnsbury public schools and
had had year of training in the bust
ness courses of the academy. Upon leay-
ing school, he was connected for some
years past with several firms in town,
winning the commentator of his en-
pioyers for his genial tact and the intelli.
gent response he made to his duties.
BY the death of Raymond Walker. st
Johnsbury loses model young citizen
one who gave promise of increasing use
fulness in the larger civic life. To the
many who knew his unassuming ways,
his unselfsh character, his genial and
contagious smile, his death has come as
a shock, For his own part, and to his
last conscious moment, Raymond Walk
er's sole regret was that the necessary
supreme sacrifice could not be made for
his country's sake.
The Barre daily times. (Barre, Vt.) 1897-1959, 1918-11-23
A TASK OF PEACE.
To Stamp Out venereal Diseases in the
United States.


"The task of combating the spread o.
venereal disease among the civil com
munities of the United States is a task
that has taken. on tremendously added
| Importance with the coming Of peace, ,
declares Surgeon General Rupert Blue OF
the y. S. public health service.
Fortunately, Congress enabled us tc
organize our division of venereal diseases
sufficient time ahead of the coming Of
peace to enable us to make appreciablg
Roadway in the task of securing clean
communities to which our returning sol.
diers may come And, while the Job OF
lighting vice diseases is first, last and all
the time, a civilian job, it must not be
forgotten that it was the vast amount
OF yenereal disease that was creeping
INTO our military service from civil life
that first awakened us to the need of the
work. The estimates of some of the
military authorities We're to the effect
that no less than fve-sixths of all the
vice disease in the army was brought
there from civil life"
Statistics dealing specifically with We.
nereal disease among the men entering
the training camps have Just been issued.
These figures deal with one million men,
a quota from every state in the union.
These figures show that the state send.
ing the least proportion of men afflicted
with vice diseases was Oregon with so
per cent. The largest percentage of in.
fected men was furnished by Florida,
with so per cent.
Statistics dealing with this subject
since Congress placed the whole matter
in charge Of che U. S. public health serv.
ice are now being compiled, and il is ex
pected that they win show marked i'm.
provement. The figures to date are as
follows.
The Barre daily times. (Barre, Vt.) 1897-1959, 1918-11-23
OBSERVATION-DISCLOSURES
A CIRCUS CUPID
BY GRACE SCOTT.
ACKNOWLEDGEMENTS
lSAc, Dy MCCLURE
SyndIcate.)

| Syndicatel
Betty Harlequin uttered little cry
OF childish delight. A circus had come
to town. She stood before the big,
CANDY poster for long time studying
the ludicrous features of the clowns.
Then, with lingering glance, she
went on her way TO the Office. Betty
loved circuses. Every time they came
to town she was sure to go. Even now
she held her breath when the beautl-
full painted ladies walked the tight
rope or perched on tiptoe on the big
white stations.
When she reached home that night
she told her family, which consisted of
an older sister and her mother, the
wonderful news. The elder sister
laughed at her sisters childishness,
but the little mother only smiled enow-
ingly and said she might go If she were
home early. Betty promised, and was
soon seated In the car on the way TO
the circus. Already the tent was ablaze
with lights, and the brass band was
sending forth a welcome to the peo-
pie. She took her place at the end of
the long line at the ticket booth and
ehatted with some small boys. Soon
she was in the big tent, watching with
eager eyes'the stunts In the ring. She
laughed merrily at the clowns and
clapped wildly at the strong man. Aft
ter while she walked down by the
animal cages and was enjoying herself
hugely, when suddenly the long arm of
a monkey shot out between the bars
Of his cage and grasped firmly the
crown Of Betty's best hat. She gave
little cry Of mingled pain and ter
ror and tried In vain to wrench herself
free. II was then that a tall figure In
Khaki came to her rescue, and with a
little difficulty managed to get her
free, but the monkey had pulled the
crown from the rim Of the hat, leaving
only the rim on her head.
He bounded away in his cage with
the crown and the flowers, and plucked
at them in high glee. Betty's hair had
received a vigorous pull. and clasplng
her hands TO her tortured head she
gazed at her rescuer, the tall soldier.
That young mans face was trying In
vain to keep sober, and at length Betty
laughed, too. "Oh, say" cried the
soldier, when his mirth had subsidized,
"that was a shamew
Yes, my poor hiatt mourned Betty,
gazing ruefully at the remains of a
once pretty hat Whatever shall I
wear home" Then, Just because they
were both young, they laughed merrily,
and continued to see the animals.
"oh, dear, / must hurry home 1t is
quite late" They parted at the car sta
ton, and all the young soldier knew
about his charming companion was |
that her name was Betty. That young
The Barre daily times. (Barre, Vt.) 1897-1959, 1918-11-23
opics of the
Home and
Household.
Three Meals for FAN.

The season often determines what food
shall 60 upon our tables, though in the
city markets there is little change. Here
are three meals suggested by the United
States fod administration:
observation-disclosures, scrambled eggs
johnny cake.
Dinner-Creamed fish, baked potatoes,
baked onions, chocolate pudding.
Supper-Cream pea soup, fried corn.
meal mush, maple syrup, baked apple
stuffed with nuts.
Chocolate Pudding quart milk, Q
ounces chocolate, cup light syrup, 4
cups cornstarch, 2 eggs, teaspoon va.
nilla Heat milk in double boiler. Add
chocolate and syrup. Moisten corn starch
with a little cold milk and add to hot
mixture. Stir constantly until thick.
Add slightly beaten eggs and vanilla and
remove from heat Turn in molds and
chill.