The Raymer enterprise. (New Raymer, Weld County, Colo.) 1910-19??, 1918-01-03
MUST YOU PAY TAX
. ON YOUR INCOME?
Matter That Every American Is
Called On to Determine
Without Delay.
MARCH | LIMIT FOR RETURNS
Failure to File Them Involves Severe
Penalties-Taxpayers Will Be A.
sisted BY Treasury Officials In
Every County.

FeHaiuet-iaApdyer VIII BE A.
sisted BY Treasury Officials in
Every County.
WashlngtOn.-The time has arrived
for every American subject to the in
come tax division Of the war revenue
act to figure up his income and fils
his return. II he is unmarried ant
has net income of 81 600 or more, oil
II he Is married or the head OF fam
lily and his net income Is 5000 OIL
more, he must pay the tax. His re
turn must be In the hands Of the col
lector Of Internal revenue In the dis
trict In which the taxpayer lives Of
has his principal place Of business be
fore March ]. 1918.
The man who thinks to evade this
tax Is making a serious error. Revenue
officials will be In every county to
check returns Failure to make a cor
rect return within the time specified
involves heavy penalties.
Net income" means gross income
less certain deductions provided for by
the act.' The law defines income as
profit, gain. wages, salary, commits
sions, money or its equivalent from
professions. yocations, commerce.
trade, rents. sales and dealings In prop
erty, real and personal. and interest
from Investments except Interest from
government bonds. or state, municipal
township or county bonds. Incomes
from service as guardian. trustee or
executor, from dividends. pensions,
royalties. or patents. or oil and gas
wells, coal land. etc. are taxable.
Normal Rate 10 2 Per Cent.
The normal rate OF tax Is per cent
on net incomes above the amount OF
exemptions, which Is 81 coo In the case
Of married person or head of a fam.
lily and 81. 900 in the case Of single
person. A married person or head Of
family Is allowed an additional ex-
emption Of 500 for each dependant
child II under eighteen years Of age
or incapable Of self-support because
defective. The taxpayer Is considered
to be the head Of a family II he Is
actually supporting one or more per.
sons closely connected with him by
blood relationship or relationship by
marriage, or II his duty to support
such person Is based on some moral
or legal obligation.
Debts ascertalned to be worthless
and charged of within the year and
taxes paid except income taxes and
those assessed against local benefits
are deductible These and other points
Of the income tax section of the war
revenue act will he fully explained by
revenue officers who will visit every
county In the United States between
January and March to assist tax
payers In making out their returns.
Officers to Visit Every Locality.
Notice Of their arrival In each local
lily will he given In advance through
the press, banks and post Offices. They
will be supplied with income tax forms
copies Of which may be obtained also
from collectors OF internal revenue.
The bureau of internal revenue IL
seeking to Impress upon persons sub
ject to the tax the fact that failure TO
see this official In no way relieves
them OF the duty imposed by law to
file their returns within the time speci-
fed.
The penalty for failure TO make the
return on time Is fine Of not less
than $50 nor more than $1,000. and
In addition 30 per cent OF the amount
OF the tax due. For making false
or fraudulent return. the penalty Is
fine not to exceed $1,000 or not ex-
eeeding one years Imprisonment. or
both, in the discretion OF the court, and
In addition 100 per cent OF the tax
evaded.
A. to the Farmers.
The number of farmers who will pay
income taxes has not been estimated
by the government officials. but II Is
certain they will form large percen-
tage OF the 100000 persons assessed
who never before have paid an income
tax. The average farmer does not
keep books but II he nvails himself OF
the services of government experts
who will he sent TO aid him. 1t will not
be difficult for him TO ascertain the
amount OF his net income.
The farmer Is making out his return
may deduct depreciation In the value
of property and machinery used In the
conduct Of his farm. and loss by fire,
storm or other casualty. or by theft II
not covered by insurance. Expenses
actually Incurred in farm operation
may be deducted. but not family or lv.
ing expense. Produce raised on the
farm and traded for groceries. wearing
apparel. etc. Is counted ms living ex.
pendltures and cannot be deducted.
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