Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1919-03-13
THIS TELLS HOW. TO
FIGURE INCOME TAX
Squarely Up to Every individual
to Get Busy by March IS
or Suffer Penalty.

o0u Waat until tne unhi uue uat@.
March 18th. for paying. your Income
Tax and making your return. Avoid
the last minute rush. Any person ear
figure out his liability today as well as
he can next week. and IL there In ans
point on which he needs advice he can
now get In touch with Revenue man"
This word OF advice is from Joshua
w. Miles. Collector Of Internal Aseve-
nue. Baltimore. who ls collecting the
Income Tax In Maryland and Della.
ware. Collector Miles is giving with
out 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 win not
pull your door-beil or your coat-taiIs,
according 20 the Collectors announce
ment IL In squnrely up TO every i'm.
yidual 20 figure out his own case and
to get busy II he comes within the
scope of the new Revenue law.
Did You Earn This Muehf
Every unmarried person who re-
ceived income averaging SI9.25 week
during 1918 and every. married coupla
who jointly received income averaging
1855 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 10 figure his
correct net income and any tax ihut
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 irceine was 5000 or
over (including the income of husband
or wife and the earnings OF minor
children. IL any) must make n return
ON or before March 18th. And this re
qulrement does not hinge on WINS"
the person owes a tRA.
Taxable 1peore.
An individual must include rnder
gross income. all galns, profits and I'm.
come derived from Salaries, wages or
compensation for personal service Of
whatever Kind and la whatever form
paid or from professions, vocetiOns.
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 nec@
essary business expenses. interest paid
or accrued on indebtedness, taxes OF
an kinds except Federal income and
excess profits taxes and assessments
for local benefits. losses actually sus-
.tained. debts ascertained 10 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 10 children or animals to an
amount not exceeding i6 per cent OF
the taxpayers net income as computed
without the benefat Of the contribution
deduction.
The taxpayer is not allowed to de-
dyct any personal. living or family ex-
pense, any amount spent for improving
property or making good Its exhaus-
ton for which an allowance Is claimed
under depreciation.
:: Figuring the Tax. w.
Before figuring .the normal tax the
dividends are ideductee % credits from
net income. together with the personal
exefnfaion. AZ In pfey Ious years. divi-
dersds Of domestic corporaflons are ex-
efnpf from normal taa when received
N.asf ftzx.H 90 ~ ek.salEI
The normal tax rates for citizens
and residents are as follows: On the
nrst 5000 Of net income In excess of
the credits the rate Is 6Sper cent !. ON
sny further taxable income the rate In
II per cent
The surtax rates apply TO net In
come OF each individual In excess Of
5000 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 Ia considered separate
ly in computing any surtax that may
be due. Form 1910 should be used for
making returns OF net income exceed
ing e, 5,60o, and the.lnstructlons on that
form win show. how 20 figure the sur
fnx. = -. -: o..
BUSINESS House, Rsturns.
D Employers and others who patti
wages, salaries. rents interest or sim
liar deteruhnable gains In an amount
sf 81 O0Q or. over durfng 1918 10 any
Iefson sfpust nle nm Information return
.slflf the Goyernn1esa Blanks may be
secured from the Collector.
.. Every partnershsp JIusi flea, return
showing Its income and deductioIls and
the name and address of each primer.
with his share OF the profits or losses
during the past year. Personal service
corporations will file similar informa-
tion for 1913