Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1919-03-05
THIS TELLS How TO
FIGURE INCOME TAX
Squarely Up to Every individual
10 Get Busy by March y
OF Suffer Penalty.

aDon's wait until the final due data
March 18TH, FOR paying your Income
| Tax and making your return. Avoid
the last minute rush Any person can
agure out his liability today as wen 90
re can next week. and II there II any
point. Oh which be needs advice he can
now get La touch with Revenue man.
This word OF advice Is from Joshua
w. Miles, Collector Of Internal Reeve
nue., Baltimore. who Is collecting the
Income Tax III MARYLAND and Della
ware. Collector Miles Is giving with
| our charge every aid OF his Office and
his enlarged field force 10 help the
people get their payments and their
| returns In BY March 18th
But the Income Tax men Will not
pull your door-belI or POUR coat-taiis
according to the Collectors announce
mens II ii squarely up to every indi-
yidual to figure out his own case and
10 get busy ii he comes within the
scope Of the new Revenue law.
bid You Earn This Muehf
Every unmarried person who re-
ceived income averaging S19.25 q week
during 1913 and every married couple
who Jointly received income averaging
$3.50 d week should secure at once
from the nearest Deputy Collector or
the nearest bank blank Form 1910 A
That form contains the information be
| viii need to enable him To hgure his
correct net income and any tax that he
owes the Government
The law requires that every unnar-
1 ried person who had net income Of
/ $1,000 or over and every married per
son whose net income was $2.0O0 or
over (ineludIng the income Of husband
or wife and the earnings Of Minor
children, II anyl must make return
On Or before March 18th And this re.
qulrernent does NOT hinge on whether
the person owes tax
Taxable income.
An individual must include under
gross income all gains, profits and In
come derived from salaries, wages or
compensation for personal service Of
whatever kind and In whatever form
paid OF from professions, vacations,
business, sales or dealings In property
OF all kinds, interest, rent, dividends
or profits derived from any source
whatever. Very few items Of income
are exempt
j Deductions include ordinary and nee
essary business expenses, interest paid
or accrued on indebtedness, taxes Of
iii kinds except Federal income and
excess profits taxes and assessments
for local BENEFITS, losses actually sus-
/ tained, debts ascertained to be worth
less and depreciation on buildings, ma
j chlnery, fixtures, etc, used lii business.
"A further deduction Is allowed for con-
tributions to corporations operated FOR
religious, charitable, scientific or edu-
catlonal purposes or for the prevention
| OF cruelty to children or animals to an
amount not exceeding Is per cent Of
the taxpayers net income as computed
without the benefit Of the contribution
deduction.
The taxpayer IL not allowed to de-
duct any personal, living or family ex
pense, any amount spent for improving
property or making good Its exhaus-
tion FOR which an allowance Is claimed
under depreciation.
Figuring ths Tax
Before figuring the normal tax the
dividends are deducted as credits from.
net income. together with the personal
exemption AS ii previous years, diyi.
dends OF domestic corporations are ex.
empt from normal tax when received
By the stakeholder
The normal tax rates for citizens
and residents are as follows: On the
first 81, Loo of net income In excess Of
the credits the rate IS 9 per cent on
any further taxable income the rate Ii
II per cent.
The surtax rates apply to net In
come OF each individual In excess Of
i $1,000 The personal exemption and
the dividends are not dednctible before
computing surfax In the case OF re-
turns by husband and wife, the net
income OF each is considered separate
u In computing any surtax that may
be due. Form 1910 should be used for
making returns Of net income exceed
ing $1,000, and the inst actions on that
form win show how to figure the sur
tax
Bualneas House ReSurna
Employers and others who paid
wages salaries, rents, interest or Sim
ilar determinab;e gains In an amount
Of $1,000 or over during 1913 to any
person must file an information return
with the Government Blanks may be
secured from the Collector
Every partnership must fie return
showing It's income and deductions and
the name and address Of each partner,
i with his share Of the profits or losses
daring the past year. Personal service
corporations viii Ole similar Informs
ton Tor 1918
IMARYLANDERS NOT
SUPERSTITIOUS BUT
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