The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1919-02-01
SATURDAY, FEBRUARY |. 1919
INCOME TAX EDUCATIONAL SERIES.
(Story No. H.

srstion is being made to handle the
largest collection IN the history OF
Income Tax. 81 am not waiting for
the final passage Of the new Revenue
bill by Congress-" said Collector j. Y.
Psuntlsroy today, "nor for the new
regulations and blank forms to be
issued. To get this big tax in and
get It accurate and complete, ] urge
that We oil begin now"
1.-THE income tax obligations i'm
posed by the old laws, as well as the
measure now in Congress, consist OF
two distinct operations. One is, to
ale return or statement Of all items OF
income and items OF deductions al
lowed by law, and to do this within
the period named In the law. The
other 10 to pay the tax, IL any is due.
"Neither OF these obligations can be
met without Q careful review of in
come and expenditure for the tax
year. That is the big job right now,
and that Is why say the Income Tax
drive 10 already under way. Every
where the pencil 10 busy. The old
year IL done; al Its fruits are CLEANED;
and every person who Jared well, or
earned . good competence, must an
slyss his own case In cold figures.
"When the new bill is enacted into
law, vill have the proper return
forms distributed throughout the Dis
trict, and everybody will be informed
of the date when the sworn return
must b nled. 1t 10 my plan to send
my men out to central locations, and
to have them travel through the Dis
trict, aiding taxpayers in the prep
aration of the returns and In deciding
doubtful points. We will 90 right to
the people with the Income Tax, and
with the cooperation which the pub
lie can give the government men,
the returns will be filed by everybody
who comes under the laws pro-
visions, the right taxes will be paid,
and the District will have done it's
full patriotic duty toward the gov
srnmsnt's support.
"Mesnwhile, let me say again,
there is no need OF delaying the prep
srstion figures. Anything that Con-
gress does now will not affect the
amount OF Q PERSONS earnings for
1918. Let us avoid the belated throw
Ing together OF figures that may hit
or miss. Guesses cannot be accepted
- the basis OF taxation. IL Is clear
iy the duty Of every person to COM
pile correct figures and ascertain
whether his income for 1918 was suf-
ncient to make necessary q sworn
return.
"The year 1918 was . banner year
Cor salaries and wages, and the high
war prices brought unusual profits to
h average small tradesmen and to
the farmer. The opinion in Wash /
ington h that . million citizens and
residents viii make this year their
nrst income tax returns.
"All signs indicate that the income
tex this year will reach nearly every |
working man and woman, and nearly
every merchant, shop.keeper and
1srmsr. Not I'll viii pay the tax, but
nearly I'll win BE- obliged to make Q
sworn statement OF the years income.
~ en- therefore advising every un-
married person who earned $1,000, or
,vss during the year 1913, and every
narFied psrson, who together with
Mia OF husband, earned $4,000, to
'hsspeu he pencil and figure out how
u otnS,ds.
"Ho must ascertain accurately his
|roas income from all sources.
FhessS Me salAry or wages, including
'ver(ins pay end any bonus received
> e1111Ioual compensation. A mar
I'd pogsea having children under IS
ITO ~ vosklng should include the
oEn1oos q such children. T.
''Ie ~ so)d any property st al,
root, Ne gaia nnst b computed
"a lncladsd b gross income. II he
Dnood ony property 10 other persons,
70 toonl ronts resolved In the year
lust - ssoortainsd, and from that
guro oodoetion may BE- taken for
'xes pa o. renesd property, the
Dooornzy nlnoe repairs, Ore i'm
lznRoe, any iaeossst he may have .
ID o. u.ortgaGo, and . reasonable :
loUonoo foe ooooal wesr and tear '
ne rentod property. The balance o
IneDuood b gsoss income for the
'sIntoposf o. hank dsposits, whether ~
>k1.ouu e Nod 70 bic bank bal. O.
~, mnce ~ included in ell cal :
In11nGo g lDoooe. Bond interest ~
i11vo1 1nr1ng ~ pear most also be M
|ou111 oDooDt intsrsst on municipal ~
~ - con16 bonds. Interest on
~ 1o11o Donds need not b. In. III
~ II ~ osdinaSy bond-hoIder -
> 011onood small smounts. M
NJ - ners snoouts OF Liberty ~
1ouoeor, shooid ask their pr
49, - ~ once for the ~
~ - ~ ~ seeb lstsrest. ~
11n = - o&arna ase n. -