The daily times., 1921-12-31
ONCE MORE The
INCOME TAX IS
WITH THE FOLKS
BLANKS ARE OUT
BLANKS ARE OUT
Single People Must Render
Tax to the Government on
All Their Income Over
1000, While the Married
Man is Allowed $4,000 to
Spend Un,nolested by Taxes.
(By Max Abernethy.)

(By Max Abernethy.)
Raleigh, Dec. 31.-The State De-
partment of Revenue has about com
pleted it's work of mailing out more !
than sixty thousand individual in
come tax return blanks which are to
be returned to the Raleigh Office be-
tween January 1 and March Is, 1922,
with check or money order covering
taxes due for the calendar year end
ing December 81, 1921.
Instructions are included as a part
Iof the blank form which calls for an
affidavit regarding the amount of
income that has been earned during
the last twelve months, deductions on
dividends not taxable by the State
and income from business outside of
North Carolina included in the Fed
eral return. The income tax is based
upon the following calculation:
"One percent on the first $4,000,
or fraction thereof, of net taxable in
come; one and one-half percent on
second $4,000, or fraction thereof,
ION third $4,000, or fraction thereof,
of net taxable income; two and one
half percent on fourth $4,000, or
fraction thereof, of net taxable in
come, and three percent on all above
$4,000" The following instructions
are given as guide to filling out
the tax returns:
Every resident or nonresident
having a net income during the in
come year taxable in this State of
ISL, 900 and over, if single, or, if mar
ried and not living with husband or
wife, or every resident or non-resi-
dent having net income for the in
come year Of $4,000 or over, if mar
ried and living with husbands or wife,
shall make return.
| eff a husband and wife living to-
gfiether having an aggregate net in
come of $4,000 or over, each shall
make such a return, unless the in
come of each is included in single
Joint return. If separate return is
made by each (husband and wife)
the exemptino shall be $1,000 for
leach.
''The status on the last day of the
Income year shall determine the
fright to exemptions provided in this
lsection: Provided, that a taxpayer
shall be entitled to such exemptions
flor husband or wife or dependent
who has died during the income year.
"All returns should be made be-
tween January 1 and March Is, 1922.
Each return together with the check
Towering tax should be mailed to the
: commissioner of revenue, Raleigh, or
handed to the deputy commissioner
of the State Department of Revenue.
eff any taxpayer fails to file a
return of income or pay the tax, ii
due, within so days of the time re-
: lquired under the provisions of the
revenue act, the tax shall be doubled
: and such double tax shall be in
2 lcreased by one percent for each
3 the time the tax was originally due
to the date of the payment.
e 'The words gross income includes
gains, profits and income derived
: from salaries, values or compensation
? tof personal service whatever kinG
e and in whatever form paid, or from
r professions, vocations, trades, bust
ness, commerce or sales or dealings
in property, whether real or per
Isonal, growing out of the ownership
s or use of or interest in such property
i also from interest, rent, derived, Sc
l. curities, or the transactions of an.
J. business carried on for gain or pro
O fit, or gains or profits and income de
l. rived from any source whatever"
Gross income does not include tn
it following which is exempted unde
,r the State act:
vi The proceeds of life insurance Pc
CONTINUED on Page Six.)