The Lynden tribune. [volume] (Lynden, Wash.) 1908-current, 1922-01-12

.,-.....,.. a. Accounting b. ~ ~
- .,,a. No Uniform method o. &C
,.o,,ftins car ~ prescribed lOi al LaN
,,..,..rs and tie law contemplate liz
-, rarusvef shall adopt sueh iOfhif
= ,,,5st.n,s OF accounting a. are II.
-. ,,,,,ruaeuf pes suited 10 ms pus
-. zach taxpaysr As required hN
tsx T. make return o. ms hu@ ~
cam. n. must therefore nialhiaih
y,,et .eeounting records a. WI -as-
abr. MN 10 dc SC.
pav,,-r. o. -ax ~ individuals.
xo-uai Tax That II lieu o. u.
a., ir,nassd rs section I2e o. tnH re-
.sn,,e act Of 1915 there snail D@ i'sFi-ssa.
collected and pare fOr each TAXA
vaar uDol tins net income o. ever Ii
dividua1 : normal tax Of per teiilun-
NJ tb4 amount OF the nst rneon. IL
sveass a the credits provided IL set :
tion 20 Provided tnat II tht cas-
nj Z citizen o. resident OF tn United
etata. tn4 rat. up0n the frs $zsou
nj euct excess amount snail u Pc
cenrun
Exemptions.
IL tn. cas- Of q single person q
psrsOnaI exemption Of s. 10000 o. u
ta.. cas- OF the heat OF : IamiiF o. Z
married person living with nusDalto
Or wife a persona exemption O.
& 800 % unless ti4e ne income Is II
excess o. Sc. aa0. &c IL which case ttle
persona exemption sinai fse S-.0oo.et
> husband and wife living together
snail receive but one persona sxsniI'
ton TIL. amount OF such persona
sxanlntlou snal a. S2.5a0.9n unless the
aggregate ne income o. such husband
and Wit A. II excess o. S5.0e0.0o II
which case tn anlount O. such per
soma exemption snail ~ s. 0ee. az L
suef husband ana wife MAKE separate
returns. the personal exemption MAJ
H. taken by either uT divided betweel
them
Gross Income Defined
Gross income fo- the purpose O. TIM
title includes Gains profits and II
come derived from salaries. wages. o,
whatever kline ana IL whatever forn
paid o. from professions vacations
trades businesses commerce Or sales
~ dealings IL property whether rea
o. personal growing ou5 OF ownership
u nse N a. interest IL suel urop
erty also from interest. rent divs
denGs securities. o. the transaction
Of any business carried or for gam O,
profit o. gains o. proiits. and mcunas
derived from any source whatever
Me- Income Defined
;sss1 -.-..its -r7lsf Il ssyssIvz u Ia
the term net income means tn.
gross incnme rs herein defined hes
deductions allowed
SSen1ptinns r~nr, Taxation
Preceet> from life insurance noli
cies
Premiums returned under life in
surance endowment n, annuity ron.
tracts
= The value a. property ACQUIRED
by gift Request. devise or deScen
hui income from such property shall
he included ir gross incomel.
Interest anon obligations al ,
b state, territory. o. any rnlitjcal suna.
vision thereof. securities issued ur
de- PROVISIONS 81 the federal farm ,os,
oct obligations az the United State,
q IT. Possessions. bonds iSsuas ,,v III
war finance corporation IT, the nss,
ot obligations Of che United States Is
sued after Sentemher ]. 1917 fosha
D thah postal sas'ing> certificates 81 he
{ nesitl and IN the case a. bonds sssuA,
{ hN the war finance corrnratinn. tn,
1 interest shall Nc EXEMPT nnlv " an,
u ire extent provided n the ~esnAe
p tiVe scts authorizing The issue tha-an
b rs amended and supplemented an,
shall he eNclpaed tom gross inson,,
/, ONLY K and to the ex,ert n Is who'll,
j exempt to the taxpayer From ir>on,i
z VA profits ard excess p1ofits taxes
B / SelsteS to incomes al foreign ece
, ernnents received from f,vaSt,,, a,t >,
v HENnrHSoN Sam wy ~,
Manufactures sn6 Nes,erS ~
HsNNFSs AMI LEATHER {>>ons
, Nssf,sa,'nV Ns.af, ~