Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1919-01-30
WISCONSIN INCOME TAXES
Directions Prepared for The DEM
ocrat by n. r. Briggs, Assessor

Directions Prepared for The DEM
ocrat by n. r. Briggs, Assessor.
There are two separate income tax
laws in operation in Wisconsin, the
state income tax and the federal income
tax law, both of which require separate
reports. These articles deal with the
state income tax law
Who Should Report
Under the Wisconsin law, all single
persons who receive So 0 above neces-
sary expenses, and all married persons
who receive over $1,000, should report to
the Assessor of Incomes. In determin-
ing whether or not one should make
report, no personal expenses should be
considered. First one should total all
the income from all sources received
during the year, and then from this
total, subtract the necessary costs of
obtaining this dncome If $500 or $1,000
is left, as the case may be. {. report
should be made to the State Assessor of
Incomes for your district. All persons
who make this amount should file a
report whether they receive blank
from the office of the Assessor of
Incomes or not. All persons who re-
ceive blanks from the Office must re-
turn them properly filled out.
Time of Reporting
All reports must be in the Office of
the Assessor of Incomes by March first.
1t should be understood that any indi-
vidual who refuses or neglects to make
a return may be required to pay tax
at double the original rates. If neces-
sary, the income may be estimated, and
the tax computed at twice the original
rate. There is also penalty of fine
not to exceed $500 or Imprisonment not
to exceed one year, or BOTH for failure
to correctly report. income within the
time and in the manner prescribed.
The Wisconsin Income Tax Law has
now been in operation eight years. 1t
ought to be fairly we'll understood, and
there should be but few excuses for not
getting in a return on time. Every
person will have plenty of time for fill
ing out his blank, and it will be possible
for every one to send it in before March.
If returns are not received by this time,
the penalties imposed by the law will
have to be enforced Most of the office
work in connection with the income tax
has to be done before May, as the real
property assessment begins then. With
900 blanks to look over and check up,
and tax rolls for II districts to be made,
even when returns are all in by March
first, it is difficult to examine them
carefully and it makes it much harder
if returns come in late.
What is Income
Under income is included all rent of
real estate, all dividends and all inter
est received, all wages, salaries OF fees,
all profits from transaction of business,
all profits from sale of real estate, all
royalties received and "all other gains,
profits or income derived from any
source" Rent or royalties received
from property outside of Wisconsin
need not be reported but non resident
should report rents or royalties from
property located in Wisconsin. A re-
turn should include all the income re-
ceived by a family, including articles
taken from merchants stock, produce
of farm used by a family, room rent,
and all income received by wife and
children under eighteen.
Other articles will deal with inven-
tories, depreciation, losses, depletion,
and other matters. The office Of the
Assessor of Incomes is always glad to
answer any questions in regard to the
| income tax work