The Lee County journal. (Leesburg, Ga.) 1904-19??, 1919-03-14
THIS TELLS HOW TO
FIGURE income TAX
SquareIy Up to Every Individual
TO Get Busy by March 10
or Suffer Penalty.

"Don't walt until the final due date,
March Is, for paying your Income Tax
and making your return. Avoid the
last minute rush Any person can ng-
ure ont his liability ;oday as well as no
can next week, and II there is any
point on which he needs advice he can
now get IN touch with Revenue man.
This word Of advice Is from Aaron
O. Blnlock, Collector of Internal ReNe-
nue., Atlanta, who IS collecting the IN
come Tax IN Georgia Collector bia-
lock Is Giving without charge every
aid of his office and his enlarged held
force 10 help the people get their pay
mcnts ana their returns in by Aarch
18TH
But the Income Tax men will not
pull your door-bcl or your coat-tails,
according to tile Collectors announce
ment. 1t is squarely up 70 every indi-
vidual to figure out his own case ana
10 get bus~ If he comes within the
scope Of the new Revenue law.
Did You Earn This Mueh7
Every unmarried person who re-
ceiyed income averaging 1925 a week
during 1918 and every married couple
who Jointly received income averaging
$3.50 a week should secure at once
from the nearest Deputy Collector or
the nearest bank blank Form 1910 A.
That form contains the information he
will need to enable him TO figure his
correct net income and any tax that he
owes the government
The law requires that every unmar-
ried person who had a net income OF
81 900 or over and every married per-
son whose net income was $1,000 or
over (ncludng 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 a 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
paid or from professions, NocationS,
business, sales or dealings in property
of all kinds, interttt, rent, dividends
or profits derived from any source
whatever. Very few items Of income
are exempt
Deductions include ordinary and nee
essary business expenses, interest paid
or accrued on Indebtedness, taxes of
all kinds except Federal income ana
excess profits taxes and assessments
for local benefits, losses actually SuS-
tanned, debts ascertained to be worth
less and depreciation on buildings, ma
chlnery, fixtures, etc, used i'll business.
A further deduction is allowed for con-
tributions to corporations operated for
religious, charitable, scientific or edu
cational purposes or for the prevention
of cruelty to children or animals 10 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-
duct any personal living or family eX-
pense, any amount spent for improving
property or any expense of restoring
property or making good its exhaus
ton for which an allowance is claimed
under depreciation.
Figuring the Tax.
Before figuring the normal tax the
dividends are deducted as credits from
net income, together with the personal
exemption. AS in previous years, dlvi-
dends of domestic corporations are eX-
empt from normal tax when received
by the stakeholder.
The normal tax rates for citizens
ana residents are as follows: On the
first $4,000 of net income in excess of
the credits the rate is 6 per cent; on
any further taxable income the rate is
l. per cent.
The surtax rates apply to net in
come of each individual in excess of
$4,000. The personal exemption and