Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-14
INCOME TAX GAIN
LOVER ESTIMATES
| TOTALS S45,ODO,0)0
Eleventh. Hour Returns, How
j ever, May Leave Ex-
cess Small.
THREATENED DEFICIT
MAY BE WIPED OUT
Washingtonian File Into Office of
Deputy Collector in Pushing
Crowd as Dead Line Nears.

While Secretary of the Treasury Mel
ION predicted this morning that the
food of income taxes pouring into Uncle
Sans Golfers throughout the Nation was
in excess of estimates, and would prob
ably wipe out threatened Federal
deficit, Washingtonians filed into the
office of the deputy collector of internal
revenue, 1922 Pennsylvania avenue, in
a pushing crowd. to get their returns in
before the deadline tomorrow midnight.
Up to today, Secretary Mellon pointed
out, reports from returns over the coun-
try were running about S45 900 900 more
than the estimates. But he warned that
this surplus over the estimates might
at any time for an unexplained reason
suddenly turn on the last day or two,
and leave the actual results equal to or
even below the estimates.
The income tax returns now being
made as of March Is are for the entire
calendar year 1928, and are usually
accompanied in the case of large tax
payers by one-Quarter of the tax, or in
the case of small taxpayers by the entire
tax
q curious twist of Government admins
tTation, through Baltimore, where is
located the office of the collector of in
ternal revenue for this city. Local tax
payers may make their returns at 1922
Pennsylvania avenue, at several banks.
trust companies and department stores,
where internal revenue experts are sta
toned, or may mail them to Baltimore,
care Of the collector OF internal reve-
nue..
The local Office at 1892 Pennsylvania
avenue will close shortly after o'clock
this afternoon. but tomorrow evening
will be open up to midnight.
Penalties Attached.
Severe penalties attach to failure to
make a return and pay al least one
fourth of the tax.
The threatened deficit for the Fed
eral Government by the end of the
fiscal year, June 80, has been hanging
over the financial officers for months.
The budget has taken leaps over and
under the surpluS-deflcit line more than
bnce during the year and the last time,
according to announcement of Director
Lord of the Bureau of the Budget
changed a prospective surplus of S37.-
000,0 600 into deficit of the same size.
While Secretary of the Treasury Mel
lon could not safely predict that this
deficit would be wiped out, he thought
that if the rate of increase in returns
continued it would be likely to do away
with the deficit. There was no pro<
poets, however, he pointed out, for any
sizeable surplus If the deficit should
be wiped out.
An income tax return must be filed,
according to law, by every citizen OF
rr-t,a o
home or abroad. and every person re-
siding in the United States, though not
citizen thereof, having a gross income
for the calendar year 1928 of $4,000, or
over, or net income for the same pc
Rod of 81 500 or over. ii single. or II
married and not living with husband
or wife, or So, 500 or over II married
and living with husband or wife, or re-
gardlesS of amount il the net income
exceeds the personal exemption"
To offer additional facilities to the
public. number Of income tax experts
Of the Bureau of Internal Revenue are
stationed at number OF banks ana
stores, where they will be available
during the Office hours OF the place
they are stationed, both today and to-
morrow. These places are: Riggs
National Bank, Farmers &, Mechanics
National Bank. National Metropolitan
Bank. Lincoln National Bank and
branch Office, 170l H street: Federal
American National Bank, Munsey
Trust Co.. Merchants Bank & Trust
Co. Union Trust Co. Continental
Trust Co, District National Bank, CO.
lumbia National Bank, Commercial Ma
tionsl Bank. Potomac Savings Bank,
woodward & Lothrop, Lansburgh o.
Bro. and the Hecht Co.