The Arizona copper camp., 1919-03-01


March Is, every unmarried man or
woman who earned 1000 or more in
the calendar year 1913 and every mar
ried person whose income amounte
to $4,000 or more must make a detailed
report of his income to the federal
revenue collector of his district On
or before March Is the first INSTALL
ment of the income tax must be paid.
ope-fourth of the entire amount due,
or all of it if the tax payer chooses.
This means that millions of Ameri-
cans must get to work at once to pre-
pare their returns, for the guidance
tof tax payers, the internal revenue
bureau has issued explicit instruc-
tions covering the preparation and fill
ing of returns. This is the A B c of
the procedure:
First, get tax return form from
the revenue collectors office or from
the Gila Valley bank or the Merchant
and Miners bank There are many
kinds of these forms. If a persons in
Some was below $4,000, he should ask
for the form especially intended for
the smaller incomes 1t might be ad.
visable to get two or three of these
forms, since one may be spoiled in
the preparation. The form is a six
page printed sheet, with detailed in
structions for reporting various items
of income and for calculating the tax
due. By following this form closely
even an inexperienced person prob
ably will have little difficulty, partic-
ularly if his source of income was not
complicated or if it was in wages or
salary rather than in business trans
actions.
The tax rate for most individuals
is per cent For single person this
is imposed on the difference between
the total net income for the year and
$1,000, the so-called exempted amount.
For a married man, or for the heads
Of family, the exemption is $4,000
and the 6 per cent tax is imposed
on the difference between that and
the total income. There is provision
for an additional exemption of 5000
for each child or other dependent per-
son, under 18 years Of age or in
capable of self-support. Thus mar.
ried man with one child or an aged
parent would have an exemption of
$4,000 and would pay tax on the diff
come. A man with two children would
have an exemption of $2,40O: three
children, $4,000, and so on.
& Over $4,000
The regular or normal tax is IL
per cent on incomes of more than
Sc, 1000 in case of unmarried persons
and more than $4,000 in the case of
married persons without children. In
other words, the tax is doubled on in
comes of $4,000 more than the specific
exemption. In addition, so-called sur
taxes superimposed on the regular or
normal tax are assessed on net in
comes of more than $4,000, the ad-
ditional rate being 1 per cent for the
first $1,000 above thai sum, per cent
for the next $4,000, per cent for the
next $4,000 and 1 per cent Increase
for each additional $4,000. Both the
IL per cent rate and the surtaxes may
be ignored by persons with incomes
of less than $4,000.
When Payable
After the tax is figured, a person
must count at least on paying one1
fourth of the sum by March Is. The
second installment of one-fourth is
due June Is; the third quarter, Sep
tember Is, and the last installment.
December Is. Penalties are provided
for the failure to file on time or to
pay the tax promptly, and tax officials
welcome returns and payments before
March. Payment in full by March is
also will be welcomed on the ground
that the government needs the money.
Husband and Wife
A husband and wife whose combin-
ed net income for 1918 amounted to
$4,000 or more must file return
either separately or Jointly. If separ-
ate returns are filed, either may claim
the personal exemption of $2,O00,> or
this exemption may be divided. Earn
ings of dependent children must be
included as part Of the income of the
head of the family. If an unmarried
person supports either partially OF
wholly, a parent or some other rela-
tive or friend, not living in the same
household, this person is not con-
sidered the head of a family and is
therefore entitled only to the $1,000
exemption. If the parent is wholly de-
pendent, however, and lives in the
taxpayers household, this makes the
unmarried person the "head of the