The Hood River glacier. (Hood River, Or.) 1889-1933, 1919-03-06
THIS TELLS HOW TO
FIGURE INCOME TAX
Souarey Up TO Every Individual
to Get Busy by March IS
or Suffer Penalty

Don't wait until The final due date.
March Is, for paying your Income Tax
and making your return. Avoid the
last minute rush Asy person can hg-
ure out his liability today as well as he
can next week. and IL there is any
point on which he needs advice lie can
now get IN touch with a Revenue man
THIS word Of advice is being given
out by the Internal Revenue men who
are collecting the Income Tax IN this
state Every aid and assistance il
being given freely to the public. In
Iarged fed forces are helping the peo-
pie in every way possible TO get their
payments and their returns in by
March fifteenth
But the Income Tax men Will not
Dull your door bell or your Coat-tails,
according to the Collectors announce
ment. II is squarely up 10 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 Much?
Every unmarried person who re-
eeived income averaging sl925 week
during 1918 and every married couple
who Jointly received income averaging
$3.50 week should secure al once
from the nearest Deputy Collector or
the nearest bank blank Form 1910 A.
That form contains the Information he
will need 10 enable him 10 figure his
correct net income and any tax that he
owes the government
The law requires that every unmar-
81 ,oau or over and every married per-
son whose net income was $1,000 or
over Cncluding the income Of husband
or wife and The earnings OF minor
children if any must make 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
nai1 or from urofss.,ons vacations
business. sales or dealings In property
Of all kinds, interest, rent, dividends
or nroe,, dari,od fro,, onv sorrc.
,,.l.ato,o,. Va. s,,, i,.,,,s 20 ,noor.
oro axo,,nt
( Deductions include ordinary and nee
4 essary business expenses, interest paid
/ or accrued ON Indebtedness taxes of
all kinds except Federal income and
excess profits taxes ana assessments
/ for local benefits. losses actually sus-
taned. debts ascertaned 10 he worth
/ less and depreciation on buildings. ma
chinery. fixtures, etc, used In business
A further deduction is allowed for con
I trihutions to corporations operated for
/ religions, charitable. scientific er edu-
| cational purposes or for the prevention
! Of cruelty 10 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 amy personal, living or family eX-
pense, any amount spent for improving
property or any expense Of restoring
property or making good its cXhaus-
ton for which an allowance is claimoC
under depreciation.
FiourIno the Tax
p,,c,., e,,n,tro ~, .,.,,al t,x be
di,iaouds ar, ao1,o,,a ,. .,..li4. rro,,,
NOT income togntber win tho uersonal
oxemntion As IN nrnvions wars divi
dcrds Of domestic cornorafiops are OK
cn,nt from uorma1 tax vhau rnrejved
~ III, ,tockholder
The normal fax rates for citizen.
erd residents arc AZ follo,ys. ON IN.
first $1,000 of n.t ipconp in excess Of
tho credjts tho rate is nor cont. q,
any furtber taval,Ia inco,,a tho rota :.
II ner com
m. surtay rates. annIy tn not in
come Of each individual IN ovcess "A.
s5 ooO Tbn nersonol exanntion an,
eotpt,utipU Surtay In tho aop. nF ro