Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1919-02-23

" For failing TO make the return on
dine in addition to the 1000 fine,
here is an assessment OF rs per cent
az the amount OF tax due.
Taxes may be paid in fun at the
limo OF making the return. or In
,o,r lnstallments. the first OF which
4, due on or before March Is. the
second on or before June l5, the
tblrd on or before September lJ and
,he fourth on or before December IS.
II any installment is not paid when
due. the entire amount becomes due
10 DAYS after demand therefor by the
collector. ror failing TO pay the tax
vheii doc There Is "A penalty OF pee
cent OF The amount unpaid. plus in
tercst at the rate of | per cent a
month during which 1t remains un-
Payment Due March 15.
Last year income taxes were due
on or before June Is. The bureau
of Internal revenue is seeking to en-
phasize that this year, to avoid PEN
atty, the taxpayer must pay at least
one fourth OF his tax on or before
March l5.
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 exemptions, and 2 per
cent on the remaining net income.
Ths applies to citizens and residents
OF the United States. Income from
property In the United States owned
by n-residcnt aliens is subject to
the full normal tax OF l2 per cent.
For 1919 and subsequent years the
rates are fixed at 4 and 3 per cent.
respectively. The surtaX rates have
been changed, ranging from ] per
cent OF the amount OF the net In
come between $4,000 and 5000 to
65 per cent OF the amount by which
the net income exceeds SI000,000.
The single man with "A net income
for 1918 OF $4,000 will pay this year
a tax OF $50, the man with an, in
come OF $4,000 will pay 3l20, the
$4,000 man Will pay $3.50 and the
$1,000 man will pay s240, all at the
rate of per cent on his net income
above his personal exemption OF
ST 900. The single man with an in
come for 1918 OF $1,000 will pay
1870 He Ia taxed at the rate of 6
per cent on his first $4,000 above
the exemption and at Io per- cent on
the remaining 1900. "A total OF $3.50.
in addition lac pays "A surtax of $40.
per cent OF the amount Of his in
come between $1,000 and $4,000.
The married man will pay $40 on
net Income OF $500 in excess OF
his personal exemption, $50 on
$4,000 income, $40 on n $4,000 In
come, $50 on n $4,000 income and
$3.50 on Il 5000 incline, which in
cluder his surtax n $40.
The Matter OF Dependents.
These figures are based on the In
come OF taxpayers without depend
ents, other than husband or wife.
The taxpayer is allowed. In addition
10 his personal exemption of 5000
for each person dependent upon for
chief support, II such person IL
under IS years OF age or incapable
OF self-support. Under the 1917 act
the 5000 exemption was allowed only
for each dependent child" OF the
person asking the return. or. in the
case OF a head of n family, for each
dependent child OF the family. A
head of a family--one who supports
one or more persons closely con-
nected wltA him by blood relation
ship. relationship by marriage. or by
adoption--Is entitled to all the ex-
emptions granted n married person.
In his return the taxpayer is re-
Qulred TO state specifically each item
OF gross income. Gross income is
defined as gains. profits and income
derived from salaries, wages or COM
pensa'ion for personal service OF
whatever kind and in whatever form
paid. or from professions. vocatiors
trade, business commerce, or sales