Payette enterprise. (Payette, Canyon Co., Idaho) 1909-1935, 1919-03-06
this TELLS HOW TO
FIGURE INCOME TAX
SquareIy Up to Every Individual
to Get Busy by March 10
or Suffer Penalty.


March Is, for paying your Income Tai
and making your return. Avoid thu
last minute rush. Any person can fig
ure out his liability today as well as he
can next week, and If there is any
point on which he needs advice he car
now get In touch with Revenue man.
This word of advice is from William
@. Whaley, Collector of Internal Reve
nue., Helena, Mont, who is collecting
the Income Tax In Montana, Idaho ant
Utah Collector Whaley is giving with
out charge every aid of his office anc
, his enlarged field force to help the PEG
pie get their payments and their re
turns in by March 18th.
But the Income Tax men will not
pull your door-bell or your coat-tails,
according to the Collectors announce
:. ment. 1t is squarely up to every indi-
yidual to figure out his own case and
to get busy If he comes within the
scope OF the new Revenue law.
Did You Earn This Much7
Every unmarried person who re-
celved income averaging $19.25 a week
! during 1918 and every married couple
who jointly received income averaging
$3.50 week should secure at once
| from the nearest Deputy Collector or
| the nearest bank 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
81 900 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 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, vQcations,
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 ascertalned TO be worth,
less and depreciation on buildings, ma
chinery, fixtures, etc, used ia business,
A further deduction is allowed for con-
tributions to corporations operated for
religions, charitable, scientific or edu-
.ational purposes or Top the prevention
IF cruelty to children or animals to an
amount not exceeding 10 per cent of
he taxpayers net income as computed
without the benefit OF the contribution
deduction.
The taxpayer is not allowed to de-
luct any personal, living or family ex-
)ense any amount spent for improving
property or any expense of restoring
property or making good its exhaus-
ion for which an allowance Is claimed
nder depreciation.
Figuring the Tax.
Before figuring the normal tax the
lvidends are deducted as credits from
ct income, together with the personal
xemption. AS in previous years, diyi.
ends of domestic corporations are ex-
rhpt from normal tax when received ,,
y the stakeholder.
The normal tax rates for citizens
nd residents are as follows: On the
rst $1,000 Of net income In excess Of
he credits the rate is per cent; on
ny further taxable income the rate is
, per cent.
The surtaX rates apply to net in
ofle Of each individual in excess of :
1o09. The personal exemption and s
ne dividends are not deductible before :
surtax. In the case of re- I
rms by husband and wife, the net in
ome of each is considered separately
computing any surtax that may be
ne. Form 1910 should be used for
ak'ng returns of net income exceed
e $4,000, and the Instructions on that
,rm will show how to figure the sur
*. '
Business House Returns. t
Employers and others who paid
ages, salaries, rents, interest or sim
ir determinable gains In an amount |,
$1,000 or over during 1918 to any
'rson must file an information return
lth the Government. Blanks may be
cured from the Collector
Every partnership must file return c
owing its income and deductions and
e name and address Of each partner,
Ith his share of the profits or losses
ring the past year Personal service
operations VIII file similar infoSsaa
IN for 1913 4.