The evening herald. (Klamath Falls, Or.) 1906-1942, 1919-03-03
THIS TELLS HOW TO
FIGURE INCOME TAX
Squarely Up TO Every Individual
to Get Busy by March IS
or Suffer Penalty.


and innklng your return. hNold the
last minute rush. Any person can ilg.
ur. out his liability today Ms well ns IL.
can next week. and II there IL any
point on which he needs n'lvlc. he cnn
now get IN touch with Il Revenue mnn." D"
This word of advice ~ being given
out by the Internal Revenue men who
mr." collecting III. iucoin" Tax IN this
| state. Every MD mud assistance "
being given freely To the public. En-.
iargcd ilrid forces nrr helping the p"o.
plr IN every way possible to yet their
payments Rnd their returns IN by
March fifteenth.
Eut the Income Tax men win not
puli Your door.b"il or your coni.lnilS,
according To the Collectors announce.
meDt, II is sHunrcly up to every indi.
yiduni To figure ont his own rnsc nnd
to get busy " hr comes within the
scope ~ the new Revenue law.
Old You Earn This Mueh7
Every unmarried person who re-
c"iy-d income averaging so - II week
"""s '"'' "'' '''S "'"''"" '""l"'
Mno I"'"''s RECEIVE" 'h'"h" h'fhE'hS
s3sp u week should secure nt one,
from The nearest Deputy Collector or
The nearest hank blnnk Form 1910 A.
That form contains III. Information he
viii need io enable him IL figure his
correct net incom. aud amy inS thnt he
owes the government
la,
ihr w" requires 'h"' every uhi"hr'
Ifo person WI" h"" net ih'"'h" OF
$''"" or over anu every married per
"a" "n"s' hc' income va" S-"" or
over Nh''u"lhs the h'"'h" "i huShhhh
:" w"e hh" w" 'h'h'hHN "' hh'"r
'nN"r"h' " ANY, ihuet h'hk" return
u" vi "''"'' "h''" i"'"' Hh' '''S re-
q"'r'""h' "''s ho' h'hg' on whether
'"e i"'s"h OWES 'hN'
Taxable Income.
An individual must Include under
gross Income all gains, profits aud IN
come derived from salaries, wages or
compensation for personal service ~
whatever kind and In whatever form
paid ar frum professions, yocn,luns,
business, sales ar dealings In property
~ MI kinds, Interest. rent, dividends
ar profits derived from any source
whatever Very few Items Of income
ar" exempt
'""n''""s 'n''""' "'"'''"'S "'' "'''
esr"'s business 'Np'hS's' INTEREST i"'"
OF a'''u'" u" '"n"','"n'ss' '"N'S u,
u" N'h"s 'N''p' ''"'r"' '"'"'' ""o
eN''ss p'""'S '"N"S "'"' "s>'>NV''"'N
i"r 'o'"i n'"h'S' i"SsrN n''"n''N NuN
ih'h"u' d'h's "N''''a h'u 10 pc N"'h
less MI" d"pr"'i"''"h "n "ul'"ihes' ma
chlh-i!' hN,nf's' "''.' use" W business
turth'f oehu.i'"' " "''"""u i"r 'ph'
r,p"'iohs !" corporations "ir'"'eo i"'
re,s'"uS' c'"'''no'e' sc''''''"' VI T'"'
caeonni purposes OF Tor the prevention
OF cruelty !" '"iiur'h OF "h''hu's l" ~,
amount not eNr""u'hR ID per ''"' u,
Tue "NPa!'r ne, income Us 'o'ip",e"
w'tHout 'he "eheh' o' Tue coh'''nu''oh
'rdn'uoh'
The taxpayer Is not h''oweu 10 ne
"u't any pt's""h'' 'N'hs "' ,"''''s va
pehsr' any "'h"un' sP'ht tor "'pr"''nR
property or any expense "i restoring
properly or n'"hihs goo" ''s 'Nn""s
lion Tor which M allowance Is ''i'i'eu
"o"'' "'Pr'''"''o''
Figuring the Tax.
Before figuring the normal tax The
dividends are deducted ns credits from
net income, together with the personal
exemption. As In previous years. divi'
dends OF domestic corporations ARE eN'
smpt from normal tax when received
by III, stockholdcr.
The normal tax rates for citizens
ana residents ARE ~ follows: TN the
first $4,000 of net Income Ia excess OF
the credits the rate is u per cent; Oh
any further taxable Income the rate Ia
~ per cent.
The surinN rates apply 10 net In