The Barre daily times. (Barre, Vt.) 1897-1959, 1919-02-24
People of $1,000 or
More Income, Married Peo-
pie With $4,000 or More
DELINQUENTS ARE
SUBJECT TO FINES
Must File Income Tax Re-
turn on or Before
March Is

Washington, D. C., Feb. 24--Mr Bach
elor, was your net income for 1918 81 900
or more?
Mr.. Benedict, was your net income for
1918 $1,000 or more? ....
If so, YOU are required to file an in
come tax return with the collector of in
ternal revenue for the district in which
you live on or before March 10
Congress has carefully differentiated
between the persons who fails" and the
person who "willfully refuses" to make
return and pay the tax within the time
specified by the new revenue bill. Delin-
quents of the first class are subject to a
fine of not more than $1,000. Those of
the second class are subject to a fine of
not more than $4,000, or Imprisonment
for one year, or both. For making a
fraudulent return, the penalty is a fine
of not more than $4,000 or imprison.
ment for one year, or both, and an add.
tional assessment of 80 per cent OF the
amount Of tax evaded
For failing to make the return on time,
in addition to the ST 900 fine, there is an
assessment of 25 per cent of the amount
Of tax due
Taxes may be paid in full at the time
of making the return, or in four INSTALL
ments. the first of which is due on or be-
fore March Is, the second on or before
June Is, the third on or before Sept. Is
and the fourth on or before Dec. 10.
If any installmeut is not paid when
due, the entire amount becomes due 10
days after demand therefor by the col
lector. For failing to pay the tax when
due there is a penalty of per cent of
the amount unpaid, plus interest at the
rate OF per cent a month during which
it remains unpaid.
Last year income taxes were due on or
before June IS. The bureau of internal
revenue is seeking to emphasize that this
year, to avoid penalty, the taxpayer
must pay at least onc-fourth OF his tax
on or before March Is.
With the passage of the new revenue
bill the question of how properly to
make out an income tax return for 1918
presents itself to millions Of taxpayers
The answer to this question was oh.
tanned from the bureau of internal rev
enue, the governments collection agency.
The new revenue bill, as it affects in
dividuals, differs materially from the
war revenue act OF Oct. 3, 1917 and pre-,
ceding acts. Probably the most impor-
tant change is the rate, the exemptions
of $1,000 for single persons and $1,000
for married persons and heads of fam
lilies remaining the same as under the
1917 act.
The normal rate Of tax under the act
of 1917 was per cent on the net income
of single persons in excess of 81 600 and
2 per cent on the net income of married
persons and heads OF families in excess
Of $1,000. Under the 1915 act the nor.
NAL rate of tax was per cent on the
net income of single persons in excess Of
$4,000 and per cent on the net income
Of married persons and heads of families
in excess of $4,000. Taxpayers whose
net income exceeded the amount of the
exemptions provided for by the act of
1916 were taxed under both the 1916
and 1917 acts.
This year the taxpayer has only one
act to consider. The normal rate OF tax
under the new act is per cent on the
first $4,000. of net income above the ex
emptions, and Il per cent on the remain