The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1919-03-15

nue., New Orleans, who is collecting
the Income Tax in Louisiana Collec
tor fauntieroy IS Citing without cha rye
every aid Of his office and his enlarged
field force I" help the people get their
returns in BY March 18th.
But the Income Tax men viii not
| pull your door-belt or your coat-tails,
| according t. the Collectors announce
ment. 1t A. squarcly up 10 every indf-
y.duai to figure ont his own case and
! TO get busy # he comes within the
scope Of the new Revenue law.
Did You Earn This Much?
Every unmarried person who re.
ce'ved inrolnr averaging $19.21 week
| during 1918 and every married couple
| who Jointly Received income averaging
! S3S.a0 a week should secure at once
/! from the nearest Deputy Collector or
| the nearest bank a blank Form 1910 4.
f, That form contains I'll" information he
VIII need 10 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 net income of
81 900 or oler and every married per
son whose net income was $1,000 or
over (includlug the income Of husband
or wife and the earnings of minor
children. II any) must make a return
on or before March 10Th. And this re
quiyement does not hinge on whether
the person owes tax
Taxable Incoms.
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. vocations.
business, sales or dealings IN property
Of ail 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
tributions to corporations operated for
religious, charitable, scientific or edu-
cational 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 is not allowed to de-
duet any personal, living or family ex-
pense, any amount spent for improving
property or any expense OF restoring
property or making good its exhaus-
ton for which al allowance is claimed
under depreciation
Figuring the Tax
Before figuring the normal tar the
dividends are deducted as credits from
net income, together with the personal
exemption. As In previous years, divt.
dends OF domestic corporations are ex-
SNip( &tSlu 0tliidA tuA Wien ItSclFeu
by The stakeholder.
The normal tax rates for citizens
and residents are as follows: On the
BrSt $4,000 Of net income In excess of
the credits the rate is 6 per cent; on
Jny further taxable income the rate .s
Il 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 deductibie before
computing surtax In the case Of re-
turns by husband and wife. the net in
{ ONE Of each is considered separately
in computing any surtux that may be
due. Form 1910 should be used for
inRk:ng returns of net income exceed
Ing $1,000, and the instructions on that
form will show how to figure the sur
tax.
Business House Returns.
Employers and others who paid
wages salaries, rents, interest or sim
tlnr deterIninable gains In an amount
If 81 900 or over during 1918 to any
.,cr4on nust tLe an information return
" It'll the Government Blanks may hs
~ .ire3 from the Collector.