The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1921-12-14
Information for Income
Taxpayers Under Ne70 Lac

net income of s., 800, or 500. plus the
amount by which his net income exceeds
5000
SurtaX Rates.
Many inquiries are received relative to
the Surtax rates.
Taxpayers in the preparation of their
returns should be careful to note that the
SurtaX rates for the calendar year 1921
remain unchanged. The surtax rates on
incomes for 1921 range from l per cent
on the amount of net income between
5000 and $4,000 to 50 per cent on the
amount of net income in excess of 81
100000. For the calendar year 1922
and each calendar year thereafter. the
surtax ranges from 1 per cent on the
amount of net income between $4,000 and
$4,000 to 30 per cent by which the a
mount of net income exceeds 100000.
Returns Required.
Returns are required of every single
person whose net income for 1921 was
$1,000 or over, every married person not
living with husband or wife whose net
income was $1,000, and every married
person living with husband or wife whose
net income was $1,000 or over Every
person whose gross income for the year
was $1,000 or over must make n return
regardless of the amount of net income
This requirement was not contained in
the revenue act of 1918. Every married
couple living together must make "A re-
turn, either separate or joint as desired
if their aggregate net income was over
81, 600 or over. or if their aggregate gross
income was $1,000 or more.
Gross income includes practically every
dollar the taxpayer received during the
year 1921. Net income is gross income
less the exemptions and deductions speci-
dcally provided for by the act.
Period for Filing Returns.
The period for filing returns is from
January l to March II, 1922 when made
on the calendar year basis. If the tax
payer makes his return on the fiscal year
basis. the return must be filed on or before
the fifteenth day of the third month fol-
lowing the close of the fiscal year. Non
resident aliens must make return on or
before the fifteenth day of the sixth month
following the close of the fiscal wear, or
if the return is made on n calendar year
basis on or before June II.
The commissioner of internal revenue
may grant reasonable extension of time
for filing returns. Except in the case of
taxpayers who are abroad. no such eX-
tension shall be for a period of more than
six months. The return must be filed
with the collector Of internal revenue for
the district i'm which the taxpayer lives
or has his principal place of business.
If tn taxpayer has no legal reSidense
the return must be filed with the COL
lector of internal revenue at Baltimore.
May Pay In InstalIments.
This year as last. the tax may be paid
in full at the time of filing the return. or
in four quarterly installments. due on or
before March II. June II, September II,
and December IL. If any installment is
not paid when due. the whole amount be
comes due and payable upon notice and
demand from the collector. The penalty
for failure to file a return or nav the tax
within the time prescribed is a fine of not
more than 1000. For ''willfuI refusal
to make return or pay the tax on time the
penalty is a fine of not more than $4,000,
or one years imprisonment. or both, to-
gether with the cost of prosecution.