South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-12-31
FAX RETURNS NEXT
THING ON PROGRAM
Blanks Must be Filled Out Be-
tween New Year and
IdeS of March.
BY louis LUDLOW.


WASHINGTON. Dec. s1.-Get
ready for the income tax collector
In these days Of the high cost Of
government it IS just one blankety
thing after another. and the next
thing in order IS the filling out Of
the income tax retur1s
Income tax forms that must be
filled out and filed between Jan. 1
and March 10 have been sent 20
the internal revenue collectors In
Indiana and the other states for
immediate distribution. The rule
with respect TO payment OF tho tax.
which provides that the amount due
the government may be paid in one
installment or split mp into four in
stallments. remains unchanged. IL
the tax - paid in quarterly install
ments one-fourth of the amount
must accompany the filing of the
return.
Rate is Reduced.
There is just one CLEAN of cheer
FOR the taxpayer i'm the fact that the
for a reduction i'm the rate of taxa
tion on the first $4,000 above the
exemptions from six 20 four per
cent. This Is a reduction OF 80 ID
per cent The exemptions are the
same as they were last year. II
the taxpayer is single, he IS entitled
TO an exemption of $1,000 and II
married 10 $4,000 There is also an
exemption Of $500 for each dcpen-
dent child under is years Of age in
O family.
According to the view of the i'm
ternal revenue bureau the four per
cent tax on all incomes OF more
than $1,000 i'm case OF an unmarried
person and OF $4,000 i'm case Of a
married person Will be almost uni
versal tax this year. The bureaus
information is that as a result OF
the increase I'm wages ia all lines of
industry during the calendar year.
wage workers as "a rule viii contrib
ute 10 the income tax.
Everybody Il Tit
Tho old thought was that an in
Fome tax should reach people of
arge means only Now it is point
- ont by the internal revenue bu-
eau that Sc has come 20 be under
TODD tina; IL is a tax 90 which near
81 everybody must and should con
|trsbute. If n person is so fortunate
as TO be receiving AN income in eN-
cess Of $4,000 above The exemption
10 which he is entitled. ne viii he
glad 20 pay eight per cent of the
amount in excess of $4,000.
IL is settled, according to the best
Judgment i'm congress. that the in
come tax is here TO stay. Congress
hopes that before another year, be-
fore the returns are made out i'm
A1s21 for the calendar year 1920. 1t
o1Hi be possible TO make still FUR
her reduction Six per cent the
ax collected i'm 1919 ON the mod
| rate incomes of 1919. was regarded
full war tax. The four per
ent. which is 90 be collected dur
ng the calendar wear 1920 ON the
ncomcs of 1919. is looked upon as
reconstruction tax The men IN
Fcongress who are q alins with the
subject 90 taxation believe that by
another year 81 VIII be possible 10
cut the rate on so-called normal in
/, comes from four per cent TO three
&pcr cent i'm any event The general
.xpectation is That peace taxation
Mon it shall be finally enacted 10y
kngress will provide for rate of
h per cent ON so-Called normal
mes
Tax May Bc Revised.
ways and means committee
f.. ff
'nitteo that initiates taxation
Station. is planning 90 go over
war tax legislation carefully
hin the next few months with
view 10 revising the legislation
this session Nothing that CON
80 will do. or can do. viii affect
The income taxes now due. The re-
turns that are TO be made between
Jan. I and March ] 5 are. as is pref
tv generally understood for the cal
cudar year 1919. Whatever changes
congress may make I'm the taxation
laws during this session viii affect
the tax for 1920 that viii bc paid
iu 1921
The forms for filing income tax
returns went out earlier this year
than ever before. Many business
men suggested To the bureau Of i'm
formal revenue that III they have the
forms promptly or Jan. they
could make out the returns imme-
diately on the closing of their books
for the year 1919 when accurate
knowledge Of their accounts was
fresh in mind This appeared 20 the
revenue bureau 90 be an excellent
suggestion and the effort was made
20 have the blanks available every
where on Jan T.
Open house &C Y. NJ. q. A. an day
Nou- wears Spe-t,fl1 dinner served