The Grangeville globe. [volume] (Grangeville, Idaho) 1907-1922, 1922-01-26

mas Deen reduced from SIX TO Tour
pages two of which are devoted to in
structions which should be carefully
read by the taxpayer before filling In
the blanks. A study of these instruc-
tions will greatly lessen difficulties
heretofore encountered In correctly
making out the returns.
On page L, under the head OF I'm
come" are spaces for reporting the fol-
lowing items: salaries, wages, commits
sions, etc. income from partnerships,
fiduciaries etc, rents and royalties
profit Tor loss from business or pro-
tcssion; profit (or loss) from sale of
real estate; profit Tor loss) from sale
OF stocks, bonds, etc, and other In
come. Beneath are spaces for enter
ing deductions, such as interest and
taxes paid during the year; losses by
fire storm, shipwreck, or other casulty
ar by theft, contributions, bad debts,
etc.
On page 2, are spaces for entering
explanations of the various items; l.
e. the total amout of income from
business or procession, with descrip-
ton ("grocery," retail clothing"
drug store" laundry" doctor"
lawyer" 'farmer") from rents, and
royalties, sale of property, etc.
Returns are required of every single
person and every married person not
living with husband or wife, whose net
income for 1921 was 100000 or more,
and of every narried person living
with husband or wife whose net In
come was $200000 or more If the
combined net income of husband wife
and dependent minor children equalled
or exceeded 100000, or If the COM
bined gross income of husband, wife
and dependent minor children eQualled
or exceeded $4,000 all such income must
be reported on a joint return or In
separate returns of husband and wife
If single and the net income including
that of dependent minors. If any,
equalled or ex x.eeded $1,000 or if the
gross income equalled or exceeded
$1,000, "a return must be filed. A minor
however, having a net income of $1,000
or $1,000 according to martial status
or gross income of $4,000 must file
return. The requirements to file
return of gross income, regardless of
the amount of net income, upon which
the tax Is assessed, is new provision
met income is gross income less
certain deductions which are explained
on the form.
Under each of the above conditions.
return must be filed even though
no tax is due. The exemptioss are $1,000
for single persons and married per
sons not living with husband or wife.
1880 for married persons Living with
husband or wife whose net income for
1921 was $4,000 or less and $1,000 for
persons whose net income was moro
than $4,000. The exemptions for depen
dents, "a person under eighteen years
OF age or mentally or physically de-
fective" has been increased from $500
to $40O
A head of a family-a person who
actually supports i'm one household one
on more persons closely related to him
Tor herr by blood. marriage or adop-
ton. is granted the same exemptions
allowed a married person.
The normal tax rates are unchanged
Tour per cent on the first $4,000 Of net
income above the exemptions and eight
per cent on the remaining net income.
The tax this year, as last, may be paid
in full at the time of filing the return
or in four equal installments. due on
or before March 18th. June 18th. Sep
tember 18th and December 18th.
Heavy penalties are provided by the
new Revenue Act of 1922 for failure
to file a return and pay the tax on
time
Special for All Soda Fountains.
A concentrated syrup that is ordi-
narily combined one part of syrup to
approximately three parts Of simple
syrup to make a fountain syrup is sub.
iect to tax as fountain syrup. The
completed product is taxable as fin
ished syrup and the person making
such finished syrup by this process
must register as a manufacturer and
pay the tax on his product In paying
such tax he may take credit for any
tax on the concentrated syrup which
he has reimbursed to the manufac.
turer thereof. Simple syrup, that is
sugar and water. is not subject to tax
unless it is used In the manufacturing
compounding or mixing of drinks as
distinguished from the use in manu-.
! featuring finished or fountain syrups