St. Johns review. (Saint Johns, Or.) 1904-current, 1919-03-07
THIS TELLS HOW TO
FIGURE INCOME TAX
SquareIy Up to Every Individual
10 Get Busy by March IS
or Suffer Penalty.

Don't wait until the final due date,
March 18th, for paying your Income
Tux aud making your return. Avoid
the last minute rush. Any person can
figure out his liability today as we'll as
he can next week, and II there Is any
point on which he needs advice he can
now get IN touch with n 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 g.
being given freely 90 the public. En-
largpd field 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 viii not
pull your door.boll or your cout-tnils,
according to the Collector announce
ment. II Is suunrrly up to every iudi-
vidunl to figure out his own cusc ana
10 get busy II he comes within the
scope " the new Revenue law.
Did You Earn This Mueh1
Every unmarried person who recelv.
cd Income averaging SiO21 q week
during 1918 and every married couple
who Jointly received income averaging
$3.50 week should secure at once
from the nearest Deputy Collector or
the nearest bnnk blank Form 1910 A.
That form contains the information lac
will need 10 enable him 10 figure his
correct not Income and any tax that he
owes the Government
The law requires that every unmur.
rlcd person who had n net Income OF
1000 or over and every married per.
son whose net income was $1,000 or
over tlncludlng the income of husband
or wife, nnd the earnings ~ minor
children, N nny) must make a return
IN or before March 18th. And this re-
uuirrmcnt does not hinge on whether
the person owes tax
Taxable income.
An individual must Include under
gross income nll gulns, profits ana In.
come derived from snlnrics. wages, or
compensation for personal service Of
whatever Kind ana IN whntcycr form
paid. or from professions, yocntlons.
business, sales or dealings IN property
Of nll kinds. Interest. rent, dividends.
or profits derived from any source
whatever Very few items OF Income
nre exempt
Dcduciluas include ordinary und ncc.
cssnry business expenses. interest paid
ar accrued ON Indebtedness, iuNrs ~
MI kinds except Federal Income aud
excess, profits taxes aud assessments
for lorul benefits. LOSSES actually sus.
nlncd. debts usccriulncd lo be- worth.
less. und depreciation ON buildings, ma.
chinury, fixtures, etc, used la business
a further deduction is allowed FOR con.
lrlhutions to corporations operated Tor
religious. charitable, scientific ur cdu
catiuuul purposes ar Tor the prevention
of cruelty to children or animals to am
amount not exceeding ~ per cent ot
the taxpayers net Income ms computed
without the benefit of The contribution
deduction.
The taxpayer is not allowed To de-
duet any personal. living or family oX-
prnse, amy amount spent for improving
property ar amy expense of restoring
property or making good ils cNhnus'
lion for which nm allowance is claimed
under depreciation
Figuring the Tax.
Before iigurlug the normal tax the
dividends are deducted ns credits from
net income, together with the personal
exemption. A. Ia previous years, diVl.
dcnds ~ domestic corporations are cN,
empt from normal tax when received
by the stakeholder
The normal tax rates for citizens
nnd residents are as follows; ON the
first $4,000 of net Income Ia excess of
the credits the rate is d per cent; on
nny further taxable income the rate II
- per cent
The surtaX rates apply to net la
come of each individual in excess of
SaON The personal exemption and
the dividends are not deductihle before
computing suriaX. In the ease of re-
turns by husband and wife, thr net
income ~ each Is considered separate.
ly In computing any surtaN that may
be due Form l0t0 should be used for
making returns Of net Income exceed.
ing SAOOO. and the instructions ON that
form viii show how to figure the sur
tax.
Business House Returns.
Employers ana others who paid .
wages, salaries rents. interest or sim
liar determinahle gains IN an amount .
~ Sl,oOO or over during 1918 10 amy T.
person must file an Information return I
with the Government Blanks may be- .
secured from the Collector
Every partnership must hle return .
showing its income and deductions aud .
the name and address of each partner. /
with his share of the profits or losses F.
during the past wear Personal service /
will tle similar informa. I
lion for 1918
tttkt tttESt tttttttt
4 INCOME TAX PAYS
a FOR PUBLIC BENEFITS. =
4 "Niewed In It's largest ana =
4 truest sense, the payment of =
4 taxes Is payment for benefits 4