The Arizona copper camp., 1918-02-02
EMENTS
!: INCOME TAX
AREISET FORTH

In view of the fact that a deputy
collector of internal revenue will be
in Ray Feb. 8 to 16 for the purpose
of receiving returns from all persons
in this district whose net incomes for
the year 1917 require them to render
TO the government, the Copper Camp
this week undertakes to furnish some
information as to who is required to
make return and the method in which
this matter is determined. These re-
turns must be filed with the collec-
tor of internal revenue or his depu-
ty on or before March 1, 1918. Fail
ure to make return on time is pun
ishable by penalty of not less than
$40 fine and not more than $1,000,
and i'm addition so per cent of the
amount of tax due.
Who Must Make Return
If you are citizen or resident OF
the United States and your net in
come for 1917 equalled or exceeded
$4,000 if you are married and live
with your wife or husband, or if your
net income for 1917 equally or ex-
ceeded $1,000 if you are not married,
or do not live with your wife or
husband, you must make a return.
In other words, all unmarried per-
sons must make return if the net in
come for 1917 equals or exceeds ST.
900. If you are married, no return
is required unless you net income,
including that of your husband or
wife, equals or exceeds $4,000. If you
are married and live with your wife
or husband, or are head of a family
you are entitled to personal exemp-
ton of $4,000 plus 5000 for each de-
pendent child under Is Cor mentally
or physically incapacitated for self
support.) If husband and wife make
separate returns, this exemption may
be claimed by either, but not b.
both, or may be divided between
them.
If you are not married or do not
live with wife or husband, or are
not head of family, you are entitled
to personal exemption of $1,000 only
A "head of a family is a person who
in accordance with some moral ol
legal obligation actually supports and
maintains one or more individuals
closely related to him or her by blood
marriage or adoption.
How Net Income is Determined
First take your gross income fol
1917, including all income from sal
aries, wages, commissions bonuses
and pensions, income from business
farm or profession, profit from sale
of land, buildings, or other property
real or personal, income from rents
and royalties, in short, all the income
you have received from all sources
except as otherwise noted under ex
emptions. From this you are allowed
to deduct all interest you have paid
on indebtedness, and all taxes paid
either state, county or municipal
taxes. You are also allowed to de
duct from your gross income contrl
buttons made by you within the veal
to organizations operated exclusively
for religious, charitable, scientific, ol
educational purposes, such as the Rec
Cross, Y. M. G. A. etc., or to societies
for the prevention of cruelty to chill
dren or animals You are required tx
give the names of these organizations
and the amount so contributed. Nov
you have your net income. From the
income now remaining, you are al
lowed to deduct your personal exemp
tion, amounting to $1,000 if you are
single, or $4,000 if you are married
or $4,000 if you are the head of {
family and have one dependent child
or $2,400 if you have two dependent
children under 18, and so on. Bu
your personal exemption is included
in your net income and the fact thai
deducting your personal exemption
leaves less than $1,000 or $4,000 does
not relieve you from making re
turn. The balance remaining is tax
able at per cent under the Wal
Revenue Act.
Most of the above information may
be gathered from Form 1040-A, same
being the individual income tax re
turn blank for net incomes Of not
more than $4,000. If your net income
is over $4,000, obtain form 1040 from
the U. S. Internal Revenue collector
Exemptions
In addition to the above noted ex
emptions, the following items are ex
empt and need not be included in the
computation of your income:
(a) Proceeds of life insurance poll
cies paid to individual benefciaries
upon the death of the insured.
O The amount received by the in
sured as return of premium Or pre-
miums paid by him under life insur
ance, endowment or annuity con