Historical Newspapers of South Carolina

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

■ 4 J Rf s?- $ i’ i-v . •v. 'I '*v. PAY AND FILE INCOME TAX BEFOREMAR. 15 U. S. Internal Revenue Bureau Gives Warning That Severe Penalties Will Be Enforced. WOMEN WITHIN LAW’S SCOPE; THIS FIGURE INCOME TAX ■ . n ' —— Squarely Up to Every Individual to Get "Busy by March 15 or Suffer Penalty. *< i; ■* V tJhf’ ir-i > Tlio Income Tax drive comes to a ch)se on Satui‘<lay niaht, Man h lo. All luiyTyents anil returns dm* on tl a't date under the provisions (ti tho new Iteven.ie Law must he in tho hards of local Internal Uevemie Collec tors before their otliees close that nijlht. The Income Tax is hein^ collectetl to .Meet the wap expenses. Kvery person who shouted and.tooted his horn on Armistice I>ay is now called upon to eoiitrihnte his share of the cost of win- nintr the war. The laitjrnrds'and the dodders will fare severe lines and Jail sentences. The Internal Revenue Bureau an nounces that its othceps will check us all up to see that every person who comes within ^he scope of the Income Tax inw dpi hjs share. Where to Pay and File. Residents of South Carolina are re- quired to make their returns and pay their taxes to Imnean C. Heyward, Collector iif Internal Re\a*nue, Colum bia. S. C.. or to any liis deputy collectors who are now doing free ad visory work dti Income Tax. 1 •lyments sent hy mall, should be at tached to the returns and should he in the form of check, money order or draft. Cash payments by mail are sent at the taxpayer's risk of loss. If you are unable to make your jre- turn personally because of Illness, aB- Hence or incapacity an agent or legal representative may make your return. If there are any doubtful points as to your Items of Income or allowable deductions you should get In touch at once with a Revenue officer or a bank er for advice. Women Pay Tax. Women are subject to all the require ments of the Income Tax. Whether single or married, a woman’s income from all sources must he considered. If unmarried or if living apart from tier husband she must make her return for 1918 if her net Income was $1.0U<) < r over. If married and living with her hus band her income must be considered with the husband's in determining the linbillj^ for a return. Their joint in (ome, less the credits allowed by law, is subject to normal tax. The wife's net income is considered separately in computing any surtax that may he due. Husband and wife file Jointly, as a rule. If the husband does not include his wife's Income in his return tha wife must file a separate return. Severe Penalties. The new Revenue Law places severe penalties oh a person who fails to make return on time, refuses to make return or renders a fraudulent return. For failure to make return and pay tax on time a fine of hot more than $1,00C Is named and 2. r > per cent of the tax due is added to the assessment. For refusing wilfully to make return 01 for making a false or fraudulent re turn there is a fine of not exceeding $10,000 and imprisonment of not ex ceeding one year, or both. Farmers’ Income Taxable. Every farmer and ranchman who had a.fair nr a g<»od year In 1918 must heed the Income Tax this. year. He must consider all his Income as tax able. He is entitled to deduct from his gross Income all amounts expended In carrying on his farm. The cost of farm machinery, farm..buildings and Improvements cannot be deducted. The cost of live stock, either for re sale or for breeding purposes, Is also regarded as investment. Overtime and Bonuses Taxed. Salary and wage earners must con- rider as taxable every Item received from employers and from other sources. Bonuses and overtime pay are to be reported as well as the regu lar payments. Allowances for Losses. Losses sustained In 1918 and not covered by Insurance are deductible ’ Items if Incurred in the taxpayer's business or mule, iti any transaction undertakenL_for profit or arising from fire, storm, shipwreck or other casu alty or from theft. “Don't wait until the final due date, March loth, for paying your Income Tax and making your return. Avoid the last minute rush. Any person can- figure out his liability today as well as he can next week, and it there is any olnt on which he needs advice he can now get in tou'cli wirTTa Revenue man.'"' ► This word of advice is from Duncan C. Heyward, Collector of Internal Revenue, Columbia, who is collecting the Income Tax in South Carolina. Collector Heyward is giving without charge every aid of his office and his enlarged field force to help tho people get their payments and their returns In by March 15th. ■R»U the Income Tax men will not pull your door-hell or your coat-tails, according' to the Collector's announce ment. It Is squfirely up to every - indi vidual to figure out his own case and to get busy if he comes within the scope of the new Revenue law. Did You Earn This Much? Every unmarried person who re ceived Income averaging $19.25 a week during 1918 and every married couple who jointly received Iqpome averaging $38.50 a week should secure at once from the nearest Deputy Collector or the nearest hank a blank Form 1040 A. That form contains the information he will need to enable him to figure his correct net income and any tax that he owes the Government. The law requires that every unmar ried person who had a net income of $1,000 or over and every married per son whose net income was $2,000 or over (including the Income of husband or wife and the earnings of minor children," If any) must make a return on or before March 15th. And this re quirement does not hinge on whether the person owes a tax. Taxable Income. An Individual must Include under gross income all gains, profits and in come derived from salaries,* wages or compensation for personal service of whatever kind and In whatever form paid or from professions, vocations, business, sales or dealings in property of all kinds, Interest, rent, dividends or profits derived from T any sourer whatever. Very few Items of income are exempt. Deductions include ordinary and nec essary business expen'Ses.Tn'terest paid or accrued on indebtedness, taxes of all kinds except Federal income/arid excess profits taxes and assessments for local benefits, losses actually sus tained, debts ascertained to he worth less and depreciation on buildings, ma chinery, fixtures, etc., used In business. A further deduction Is allowed for con tributions to corporations operated for religious, charitable, scientific or edu cational purposes or for the prevention of cruelty to children or animals to an amount not exceeding; 15 per cent of the taxpayer’s net income as computed without the benefit of the contribution deduction. --- ~ '■ —= CITY ORDINANCE. ♦ At ^ special, meeting ol City CounciT called by tho Mayor Monday night, Feb ruary 10th, tho following ordinance was passed in compliance with request from Local-Board of Health: The Estate of South Carolina, County fo Laurens, Town of Clinton. An Ordinance Relating to the Public Health. Whfrreas, the keeping of hogs in the Town of Clinton, except as is hereafter provided, i^>detrimental to the health of tho community; Now, therefore, Be it ordained by the Town Coum.i of the Town of Clinton; Section One. That on and after the adoption of this ordinance, it shall be unlawful for any person, firm or corpora tion to keep live hogs or pigs in the TV-u oF'ITihIoTi "d'hVnigmT'riTttrtvnir fff April, May, June, July, August and September; provided', however, this ordinance shall not prevent regular li censed slaughter bouses, conducted under the rules and regulations of the Town Board of Health of the Town of Clinton, from keeping hogs for slaughter for a period of not more.than five days previous to slaughter and not less than (iv^ hundred yards from the residence of the person residing nearest the place %t keeping. Rectum Two. Any person convi/led oT.tt violation of this ordinance sliail Be punished by a fine of-not more than fifty dollars and not less than two dol lars, or by imprisonment at hard labor for not more, than thirty days. Done and ratified by the Town Coun cil of the Town of Clinton in Council nsiunibled this the 10th day of Febru ary, A. D. 1919, and the corporate 0oal of the Town of Clinton hreeto affixed. J: R. COPELAND, DORCAS MASON, Mayor. Clerk aiub Treasurer. iseked and plump round fonn- tblc. * Every one .w ill notice the Council has ' ■ -led the time for getting the hogs ■ •' town to March 31st. So please, everybody,' act accordingly and avoid trouble. Sa^rPtio^ftarermk'rTteaulfr ful Women.and Strong, Healthy, Vigorous, Robust Men. Physicians all over the world are pre scribing phosphates to build up run down enemic conditions and those who have treated their patients with Argo-Phosphate are changing thin, anemic women with toneless tissues, flabby flesh, into the most beautiful Atlanta, GaK Dr. Jacobson said in-a roRjeut intervitNv that 90 per cent, of anemia comes yrom nervous breakdown which can oniy be corrected by supply ing the iiecetwary phosphates to the nervous system that is lacking in tho food -you eat, -pnd 4his can beeqirickly suppliod by taWing one or two 5-grain Argo-.I’hosphate tablet* after each meal, and at bed tiineJvHT^iU in many cases make a pale scrawney face the picture of health in a few-days/T have seen women that I expected would have to be kept under treatment for months restored to perfect health in one or two weeks’ time. ’ SPECIAL NOTICE. The Argo-Phos- phate recommended by Dr. F. II. Jacob son contains phosphates such as are | proscribed 1-y leading physicians j tlirbeghout the AVorl-l, aim it will be | found the most effective from for treat ing patients with Nervous Dyspepsia, Stomkeh trottbka. Brain Fag, and New- [ Otis Prostration. It will renew youth ful vim and vigor, and build up the whole body. Argo-l'hdsphate is dis- jieuscd by .Sadler-Owens Pharmacy. ^ Colds Cause Grip and Influenza LAXATIVE BROMO QUININE Tablets remove the cauie. There is only one “Bromo Quinine.” E. W. GROVE'S signature on the box. 30c. The Strong Withstand the Whiter CoIdBetter Than the Weak You must hate Health. Strength end En durance to fight Colds, Grip and Influenza, When your blood la not in n healthy condition and doee not circulate properly, your system Is unable to withstand the winter cold. GROVE’S TASTELESS Chill TONIC * Fortifies the System Against Colds. Grip and Influenza by Purifying and Enriching the Blood. It contains the well-known tonic prop- cities of Quinine and Iron In g form acceptable to the most delicate stomach, and ie pleasadt to take. You can soon ferf Invigorating Effect. 60c. its DON’T FORGET US When you need any thing in the line o! neat and attractive Printing. are m more your own Home-Stop Paying Rent. Series “J” of ★ , ★ SQUARE DEAL FOR EVERY INCOME TAX PAYER. ******* * * * * * * * * * * Washington, D. C., — “Tho rights of all persona now filing Inoomo Tax returns are amply protected by provisions for abatements, refunds and ap peals,” says Commissioner' Dan iel' C. Roper. “Evriry person can he sure of a square deal. No person is ex pected to pay more than bis share of tax. His share Is de termined solely hy the amount and nature of his net Income for ★ 1918. as defined In the law. The taxpayer is not allowed to de duct any personal, living or family ex pense, any amount spent for improving property of making good its exhaus tion for which an allowance is claimed under depreciation. * Figuring the Tax. Before figuring the normal tax the dividends are deducted ns credits from net Income, together with the persona 1 exemption. As in previous years, divi dends of domestic corporations are ex empt from normal tax when received by the stockholder. The normal' tax rrtfes for citizens and residents are as follows; On the first of net Income in excess of the credits the rate is 6 per cent; on any further taxable income the rate Is 12 per cent The surtax rates apply to net In come of each Individual In excess of $5,000. The personal exemption and the dividends are not deductible before computing surtax. In the case of re turns by husband and wife, the net Income of each is considered separate ly In computing any surtax that may be due. Form 1040 should be used for making returns of net Income exceed ing $5,000, and the Instructions on that form will s1m>w how to figure the sur> tax. Businecs House Returns. Employers and others who paid wages, salaries, rents. Interest or sim ilar determinable gains in an amount of $T,000 or over during 1918 to any- person must file an Information return with the Government, Blanks may be secured from the Collector. '’ ' ""' Every partnership must file a return showing its Income and deduction* and the name and address of each partner, with Ids share of the profits or losses during the past year. Personal service corporations will file similar informa tion for 1918. is now open to prospective investors We now to subscribers One Thousand Shares with maturity value of $100,000. All Stock payable $1.00 per month for each share and as soon as the value of a share is $100.00, the amount is returned in cash to the stockholders. - Any stockholder desiring a loan can borrow $100 for each share owned, the said loan to be secured by real estate. Series “I” is about matured and $29,600 will be paid to the stockholdersi by March 15, 1919, which will make a total of $95,400.00 paid to our stockholders. “Abatement petitions are dealt with open-mlndedly. Refunds will he made In every case where too much tax 1* errone- ouriy collected. “The Income Tax Is ‘on the le.el all the way through.’* INCOME TAX PAYS FOR PUBLIC BENEFITS. ★★★★★★★★★★A****** ★ * ★ ★ ★ ★ * ★ ★ ★ ★ * ★ * * * “yieWed in Its largest and truest sense, the payment of taxes Is payment for benefit* received or expected. Only from a narrow and essentially selfish and shortsighted viewpoint can the individual propose to him self the evasion of tax liability as n desirable course of action." —Daniel C. Roper, Commlsslon- ei o? internal Revenue. ***************** r "Lift. -V.*..- %*»«> .