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Story October 19, 1917

The Winslow Mail

Winslow, Navajo County, Arizona

What is this article about?

Article detailing the 1917 War Income Tax: exemptions for singles under $1000 and married under $2000; 4% on excess; returns due Jan 1, 1918; payments by June 15, 1918; penalties for non-compliance.

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OCR Quality

98% Excellent

Full Text

The Income Tax.

It is now given out that returns on the war income tax will not have to be made to the Internal Revenue collector until January 1st. There seems to be considerable doubt in the minds of the public as to the exact operation of the law. Its provisions state that a single man must make return of his income if it is $1000 or over, and a married man makes a return if his income is $2000 or over. If his income does not exceed these amounts he will have no income tax to pay, but if it is over the amounts he will have to pay four per cent on all over the exempted amount.

Payments will not be required under the law until June 15th, 1918, and payments can be made on the installment plan, although the Secretary of the Treasury reserves the right to demand the payments in full as soon as returns are made. The responsibility of making a correct return of your income rests wholly with the individual, and neglect to make a return or the filing of a false statement will visit on the offender the stringent penalties provided in the law. After the expiration of the date when returns should be filed the government will then start a campaign to uncover the slacker who has failed in his duty, so it behooves everybody to get their returns ready for filing.

What sub-type of article is it?

Informational Article Tax Law Explanation

What keywords are associated?

Income Tax War Tax Tax Returns Exemptions Penalties

Story Details

Event Date

1918

Story Details

Explanation of war income tax provisions: single men return income over $1000, married over $2000; 4% tax on excess; returns by January 1, 1918; payments by June 15, 1918, possibly installments; penalties for false returns or neglect.

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