Greenbrier independent. [volume] (Lewisburg, Va. [W. Va.]) 1859-1980, 1919-03-14
this TELLS HOW TO
FIGURE INCOME TAX
SGuarely Up to Every individual
to Get Busy by March IS
or Suffer Penalty.

March 10Th. for paying your Income
Tax and making your return. Avoid
the last minute rush. Any person Gun
figure out his liability today as we'll as
he can next week. and II there Is any
point OH which lie needs advice he can
now get In touch with Revenue man. -
This word of advice Is from Samuel
A. Hays. Collector OF Internal REEVE
nue.. ParIersburg, who Is collecting tn.
Income Tax In West Virginia. Collcc
tor Hays Is giving without charge ev
cry aid OF his office and his enlarged
field force to help the people get their
payments and their returns in by
March 18th
Bur 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-
vidual to figure out his own case and
to get busy il he comes within the
scope of the new Revenue law
Did You Earn This Much7
Every unmarried person who re-
ccivcd income averaging $1925 a week
during 1918 and every married couple
who Jointly received income averaging
$3.50 week should secure mt once
from the nearest Deputy Collector or
the nearest bank blank Form 1910 A.
That form contains the informa ton he
will need to enable him to figure his
correct net income and any tax that ne
owes the Government.
The law requires that every unmar-
ried person who had net income OF
$1,000 or over and every married per-
son whose net income was $1,000 or
over (including the income Of husband
or wife and the earnings of minor
children, II 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, vocations,
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.
tained, 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.
cntiOnal purposes or for the prevention
Of cruelty TO children or animals to an
amount not exceeding IL per cent OF
the taxpayers net income as computed
without the benefit OF the contribution
deduction
Tho taxpayer is not allowed to de.
duct any personal, living or family ex,
pense, any amount spent for improving
ton 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 the personal
exemption. As in previous years, divi
dends Of domestic corporations are ex
empt from normal tax when received
by the stakeholder
The normal tax rates for citizens
and residents are as follows: On the
first $4,000 OF net income in excess OF
the credits the rate Is per cent or
any further taxable income the rate Is
T. 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 sepnrat g
~ In computing any Surtax that may
be due. Form 1910 should be used 10,
making returns Of net income exceed
ing $1,000, and the instructions Oh thai
form Will show how to figure the sur
tax. .....
Business House Returns.
Employers and others who pale
wages. salaries. rents. interest or sim
liar dcterminnble gains in an amour,
OF $1,000 or over during 1918 to an,
person must file m information return
with the Government. Blanks may bs
secured from the Collector.
Every partnership must file return
showing its income and deductions ant
the name and address Of each partner
with his share Of the profits or losse,
during the past year. Personal service
corporations will file similar informa
ton for 1918
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