The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1919-02-24

Washington, D. c.. Feb. a Mr..
Bachelor, was your net income Tor
1918 $1,000 or more? 81. :
Mr. Benedict, was your net income
for 1918 $4,000 or more? r., .
- II so you, are, required to. file an
income tax return with the collector
of internal revenue for the district IN
which you live on or before March IS.
Congress has carefully Different
ated between the person who "tailS
and the person who "wilfully refnsos
to maker return and pay the tax
within the time, specified by the new
revenue bill. Delinquents of the first,
class are subject to a fine of not more
than $4,000, or Imprisonment for one
year, or both. For making fraudu'
lent return, the penalty is fine Of
not more than $4,000 or imprison-
ment for one year, or both, and an ad-
ditional assessment of so per cent Of
the amount of tax eyaded. fs e.
f. .ss For Failure. -
For failing to make the return on
time, in addition to the $1,000 fine.
there Is an assessment. Of Is per cent
of the amount Of tax due. ~ -
Taxes may be paid in full at the
time of making the return, or in four
instalments, the first of which is due
on or before March Is, the second 81,
or before June Is, the third on or, be-
fore September Is and the fourth on
or before December Is. .- ,..,-
If any installment is not paid on
time, the entire amount becomes due
ten days after demand therefor by
the collected. For falling to pay the
tax when due there is a penalty of $
per cent of the amount unpaid, plu;
interest at the rate of \. per cent a
month during which it remains un-
paid. ..... f.. ... b..
Last year income taxes were due
on or before, June is. The bureau OF
internal revenue j Is seeking to en-
phasize that this year, to avoid pen.
atty. the taxpayer must pay at least
one fourth of his tax on or before
March ! s.
With the passage of this new reve-
nue. bill the question of how properly
to make out an income tax return for
1918 presents itself to millions OF
taxpayers. The answer to this ques-
ton was obtained from the bureau Of
internal revenue, the government s
collection agency.
E. The New Bill.
The new revenue bill, as 1t affects
individuals, differs materially from
the war revenue act Of October ,,
1917, and preceding acts. Probably
the most important change is the rate.
the exemptions of $1,000 for single
persons and $1,000 for married per-
sons and heads OF families remaining
the same as under the 1917 act.
The normal rate of tax under the
act Of 1917 was per cent on the net
income of single persons In excess OF
81 900, and per cent on the net in
come of married persons and heads
Of families in excess of $4,000. I'm
der the 1916 act the normal rate OF
tax was per cent on the income OF
single persons in excess of $4,000 and
2 per cent on the net income OF mar
ried persons and heads Of families In
excess of $4,000. Taxpayers whose net
income. exceeded the amount OF the
exemption provided for by the Act OF
1916 were taxed under both the 1916
and 1917 acts.
This year the taxpayer has only one
act to consider The normal rate OF
tax under the new act is s per cent
on the 4irst 1900 Of net income
above the exemptions, and II per
cent ON the remaining net income.
This apple tso citizens and residents
Of the United states. Income from
property in the United States owned
BY nonresident aliens is subject to
the full normal tax of IL per cent.
1 w.