Evening journal., 1918-01-21


B. The value OF property acquired by
gift bequest, devise or descent
4. Interest upon the obligations OF a
state or any political subdivision
thereof or upon the obligations OF the
United states or It's possessions.
The salary Of the present Cover
nor during the term for which he has
been elected and the compensation Of
other public officers Of this state, now
in office, during their present terms
Of office respectively.
G. Rentals OF real estate and gains
or profits derived from agricultural
operations
z. Tie. sum Of one thousand dollars
out OF the income Of each taxable.
Deductions.
4. The necessary expenses actually
/ paid by the taxable In carrying on any
/ business or trade, not including per-
sonal, living or family expenses, and
not Including expenses Of agricultural
operations.
2. All interest paid by the taxable
within the year on his indebtedness.
3. Taxes paid by the taxable within
the year imposed by the authority Of
the United States, or its territories, or
possessions, or any foreign country, or
under the authority OF any State, cOun-
w. school district, municipality. or
other taxing subdivision Of any state
/. Losses actually sustained by the
taxable during the year. Incurred in his
business or trade, or other dealings. or
arising from fires, storms, sh pwreck,
or other casualty, and from theft, when
such losses are not compensated for by
Insurance or otherwise not including |
losses resulting from agricultural Gper- |
ations
For the purpose Of ascertainlng the |
gain or loss resulting ON the sale o.
other disposition n p operty acquired
bcfo e January 1, 1917. the fair market
price OF value Of such property as Of
said date shall be the basis Tor deter
mining the amount of such gain or
loss
Debts due TO the taxable actually
ascertained TO be worthless and charged
on within the year
6. A reasonable allowance for the ex-
haustion, wear and tear OF property |
arising out Of It's use or employment |
In the business or trade Of the taxable. |
Refusal or Neglect TO Pay Tax.
II the taxable refuses or neglects to
pay the tax after notice OF the assess
ment, the amount OF the assessment,
together with the interest, penalties ana
costs, becomes a lien upon all property,
and rights 10 property belonging to
the taxable In The State Of Delaware
For the collection OF this lien the
State Treasurer Is authorized, and II is |
made his duty, TO bring suit and realize |
on the judgment. II is further provided |
that no property, wages. salaries or
other income OF any taxable shall be /
exempt f,om execution or attachment
process.
InquisitOrigl Powers.
Under the provisions Of the Act, the
Stale Treasurer, Income Tax Clerk, the
COLLECTOR oL>Siate Revenue and the
Special Collector OF State Revenue ara
given broad lnqulsitUrlal powers, in or
der TO determine whether any taxable
has failed, refused or neglected to make
a return. or has made an erroneous.
fraudulent or false return
The taxable can be summoned TO APP
pear for the purpose Of examination.
hAAA YOU nN ANNMAANN W HANuAAi sum
books, documents, etc that contain any
information respecting his income Snch
examination shall be under oath. but
the taxable cannot be required to in
criminate himself Refusal to obey the
summons or produce The required
books etc, or 10 answer quest ons
asked by the proper officers is made
punishable by a fine not exceeding i've
hundred dollars, or by Imprisonment
not exceeding six months, or both, and
false swearing is made perjury.
Protection OF Taxable.
In order TO protect the taxable against
the disclosure Of his private affairs, II
is made unlawful for any officer. or
clerk employed by HIM to dlvulgc or
make known the amount or source Of
the income, profits, losses, expenditures,
or any detail thereof as shown by the
return Of the taxable The oifense IS
made a misdemeanOr, punishable With
a fine not exceeding one thousand dol
lars, or by Imprisonment not exceeding
one year, or both, with forfeiture Of
office.