The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1919-03-04
THIS TELLS HOW To
FIGURE INCOME TAX
SquareIy Up to Every Individual
to Get Busy by March Is
or Suffer Penalty.

Don val until iue hhSi " 81
March 18th. for paying your Income
Tax and making your return Avoid
the last minute rush. Any person can
figure out his liability today as well as
he can next week, and il there is any
pojnt on which he needs advice he can
now get in touch with a Revenue man
This word of advice is from Justus
Wardell, Collector of Internal ReVe-
nue.. San Francisco, Cal, who is col
Iecfing the Income Tax In Nevada.
Collector Wardell is giving without
charge every aid of his office and his
enlarged field force to help the people
get their payments and their returns
in by March 18th.
But the Income Tax men VIII mol
null your door-bell or your coat-tails,
according to the Collectors
ment. 1t is squarely up to every u d
yidual. TO figure out his W case and
to get busy If he m within the
scope of the new Revenue law.
Did You Earn This Much7
Every unmarried person who receiv-
ed income averaging S19.25 a week
during 1918 and every married couple
who Jointly received income averaging
$3.50 a week should secure at once
from the nearest Deputy Collector or
the nearest bank a blank Form 1910 A.
That form contains the information he
will need TO enable him to figure his
correct net income and any tax that he
owes the Government.
The law requires that every unmar
ried person who had a net income of
$1,000 or over and every married per
son whose net income was $1,000 or
over Gncluding the income of husband
or wife, and the earnings of minor
children, if any must make a return
on or before March 18th. And this re
quirement does not hinge on whether
the person owes a 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, or 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.
Deductions include ordinary and nee
essary business expenses. interest paid
or accrued on Indebtedness, taxes of
all kinds except Federal income and
excess profits taxes and assessments
for local benefits, losses actually sus
tanned. debts ascertained to be worth
less. and depreciation on buildings, ma
chinery, fixtures, etc, used in business.
A further deduction is allowed for con
iributions to corporations operated fol
religious, charitable, scientific or edu
cational purposes or for the prevention
Of cruelty to children or animals to an
amount not exceeding 10 per cent of
the taxpayers ~netincome as computed
without the benefit Of the contribution
deduction.
The taxpayer Is not allowed TO de-
duct any personal, living or family ex
pense, any moun spent for improving
property, or any expense of restoring
property or making good its exhaus
lion for which an allowance is claimed
under depreciation.
Figuring the Tax.
Before figuring the normal tax the
dividends are deducted as credits from
net income, together with tie personal
exemption. As in previous years, diyi-
dends of domestic corporations are ex-
ernpt from normal tax when received
by the stakeholder.
The normal tax rates for citizens
and residents are as follows: On the
first $1,000 of net income in excess of
the credits the rate is 6 per cent OF
any further taxable income the rate Is
- per cent.
The surtax rates apply to net in
come Of each individual in excess of
$1,000. The personal exemption and
the dividends are not deductible before
computing surtax. In the case of re-
turns by husband and wife, the net
income of each is considered separate
~ in computing any surtax that may
he due. Form 1910 should be used for
making returns of net income exceed
ing $1,000, and the instructions on thai
form will show how to figure the sur
Ltax.
Business House Returns.
Employers and others who paid
wages, salaries, rents, interest or sim
liar determinable gains in an amount
Of 81 900 or over during 1918 TO any