The Lancaster news. (Lancaster, S.C.) 1905-current, January 24, 1919, Page PAGE THREE, Image 3
FRIDAY, JAN. 24, 1919.
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A. J. & W.'
HEYWARD URGES
TAX RETURNS WHILE FI
Waiting for New Law to He Enacted Hy
Earnings for Past Year and "Hit
Should He Avoided in Mukir
Hotter Now Than La
(This is the first of a series of ex- ers In th<
planatory stories relative to the in- and in de
come tax returns which must he filed will go r
by nil single persons earning more income t;
than $1,000 annually and all mar- tion whh
ried persons earning more than $2,- governtne
000. This is an educational series filed by <
of stories designed to acquaint the tie- law's
public with what is expected by the will he
government.) have don
? wards th<
The big Income tax drive for 1910 "Mean
is now under way, and every pre- there is r
paration is being made to handle paration
the largest collection in the history congress
of income tax. "I am not waiting for amount
the final passage of the new revenue 1918. I.
bill by congress." said Collector D. throwing
Heyward. "nor for the new regit- may hit i
hit ions and blank forms to be issued. accept<>d
To get this big tax in and get it ac- is clearly
curate and complete, 1 urge that we t,> compii
all begin now. tain win
"The Income tax obligations Im- was sit Ml
posed by the old laws, as well as the sworn re
measure now in congress, consist of "The y
iwii uisimri operations i inr is. I r? mi s;ii;iri
flip return or statement of all items war pric
of income and Items of deductions to the n\
allowable by law, and to do this to the fi
within the period named In law The Washing!
other Is, to pay the tax. if any is /ens aprl
due. year the!
"Neither of these obligations ran "All si
be met without a careful review of tax this i
income end expenditure for the tax working
year. That is the big job right now, Iv every
and that Is why I say that Income tax farmer,
drive is already under way. Kvery- lex, but i
where the pencil Is busy The old make a
year Is done; all its fruits are years' ln<
gleaned: and every person who far- "F am
cd well, or earned a good comp> - unmarrle
tence. must analvi/e his own case in $t one of
co'd figures. nrd ever
"When the new bill Is enacted into geth< r w
law. I will have the proper return ed $2.00<
forms distributed throughout the figure on
nistrirt, and everyDodv will he In- "Mo ni
formed of tho date when iho sworn gross Ir
rofnrn must ho filed. It Is my plan The-e's I
to send my men out to central loon- iny overt
tlons, and to have thorn travel n? addIM
through the district, aiding tax pay- rled per?
i
THE LA
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r. GREGORY
ITIONINCOME
GURES IN MIND ?ZZr"J
and included in j
entod any prof
Congress Will Not Alter <>n<. the total n
and Miss" Figures "ar mu8, hv :,S(
hat tipuro a dcd
III Hetlirns. for taxes nald i
ter. I the necessary mi
surance, any int
paid on mortgng
? preparation of the returns allowance for an
riding doubtful points \\ . f the re-ted pro
ight to the people witn tin is included in gi
;ix, and with the co-opera year
'h the public can give thr "Interest on
uit tnen, the returns will be whether withdra
veryhody who conies under bank balance, mu
provisions, the right taxes calculations of
paid, and the district will terest received d<
e its full patriotic duty to also be included
e> governments' support. i municipal, court
while, let me say again. Interest on Unite
10 need of delaying the pre ' not be included
of figures. Anything that bond holder wt
does now will not affect the) amounts. Holde
of a person's earnings fori of Liberty bond
et us avoid the belated ask their bnake
together of figures that office for the rt
r>r miss, finesses cannot be'on such interest,
as tht basis of taxation it1 "Dividends on
' the duty of every person (income, and inus
le correct figures and as er gross figures, a't
uhtr his income for 1 ' l R ?_
ident to make necessary a.
turn.
ear 1'J 1 X was a banner year;
les ;tn<l vanes and the hi 'h ^
es brought unusual profits! ?
forage small tradesman and rfsSL
firmer. The opi'Ion In! Ml
Ion Is that a million citi- ' jj.^ -'?
I residents will make th s j '|j ||
r first Income tax returns *>
gns indicate that the Income!
ft W
. ear will reach nearly every ? i_* "
man and woman, and near- \ %
merchant, shop keeper nnd
Not all will have to pay the' '
nearlv all will be obliged to "?
. .. It is hea
sworn statement of the K(>n(I ,m
nme. of health, she
therefore adv'sine every) worry. They
> . , The story c
d pet son who earned a |f)* 817 ?jyr
over dtitini; the year I * R Kentucky, ts
, . have never In
V married person, who to-. ^tly, wolgh
Ith wife or husband, earn Finally, I be
I to Sharpen bis pencial and dirt n't* really i
t how he stands. I ori ,h<\ third
certainly don.
ttsf ascertain accurately h's K<>od and I
tconte front all sources friends.^Seve
mm niiiwrv or \\n'Ti><*, inr'MO 1 penaence pin<
where upon
ln?> nay and nontm roro'von j Famous i'eri
una? compensation A raar- J5yr"for rout--'
on havinK children under IS *11 catarrhal
NCASTER NEWS. LANCASTER, S. C.
V
if, Jr., Dealers,
, should include the not impose the normal tax on <i s
children. In.;;..lis made by domestic oorp<
any property at a tions.
must he computed "A person buying ami seliini' n
:ross income. Jf he chandlse must find his profits for
mrty to other per- year on the following has s: Fi
?nts received in the >s. eitam the gross saies or total ?
pertained, and from receipts. Then add together the
action may lie taken ventor> :>t the beginning of the y
in rented property and the purchases of goods foi
inn repairs, nre in- sale. from tills latter <nm sunt,
erest he may have th?* inventory of goods on hand
e. and a reasonable the. vear's e d, a; d tin result 's
nual wear and tear cost of goods sold. This cost, f
ipertv. The balance neeessary expenses incurred so
ross income for the thiough eo* uiiet of the business
to be deducted from the gross sa
bank deposits, and the result is the net earningi
wn or added to his the business.
st be included in all professional man arrives at
income. Hond in- professional Income by ascertain
urinp the year nius* total of fees for services and
. except interest on ducting therefrom all expenses c
v or state bonds, pec ted directly and solely with
d States bonds M ??d i.met ice.
by the ordinary "a farmer must figure up ad
10 purchased small come de. ived from the sale or
rs of Isrge amounts change of products during the y<
Is, however, should whether stub produce was raised
rs to write to my ,jie farm or purehased and res
lie applying to tax jje jH allowed to deduct from
total his expenses of the year ?
stock shares i " nected w ith the planting cultivat
: lie included iti th harvesting and marketing of
hon?:h the 'aw b ? crop, or tin- are feeding and n
V(gT>iucku =5^1
Ibertorot? (jfc U.
iAttraciioe Woven
Looking their Best all the Time is the Chief Bminer
of the Blue Grass Belles.
The Secret of Their Beauty
Ith, robust health, that Is responsible for the Kentuck;
iks. If she Rets Hick, she proceeds to pet well. l'osaesfloi
knows that personal charm and attractiveness need no
are hers. That is the secret.
>f Mrs, flattie Hamtl- of the respiratory system, stomael
tie Avenue, Latonlu, or other ortrnn or part of the t>o?t>
tvnleil She sivs' 'I The record of I'eruna for iiearl
all mv life until re- ?* ' nlartll..* nnt
an my inc. untu r. - Tho,hliv,. .ilsoovered ami tes
eel over 102 pounds. 11fy to its marvelous merit. I'erun
nan to take I cruna. ts mild everywhere. May he pur
ow Is 120. While I chased In either )l<|tit<l or talile
teed It, I have started form Your doulor has tt. Ask to
bottle. I'eruna has i >r Ifartrnan's well-known I'erun
recommend it to my or "somefhlnK just as nood." Insi
r.il arc taking It.' upon I'erun*.
ilnjr the amount of de- If you are nick and suffering fror
eed hy women every- any cause whatever, write The I'e
l>r. Hartman'e World runa Company, Dept. 76. Columhu
una. For forty-five Ohio, for I >r Hartman's Healt
>een a household rem- Hook. The Pook Is free and ma
hs. colds, catarrh and help you Ask your dealer for
Inflammation whether I'eruna Almanac.
J MM ?I ~ jujlffl
M%AI
$985.00 F. 0. B.
Lane
*ri? ki:i^ ol 1 iv?* stock He iv not
>r:i- lowed to deduct the amount ? \p
ed in 1!H8 in purchasing sto k
i resale; but when such stock is
tin its cost is to be deducted from
-o price in ascertaining the gain ti
ash included in his return of inei
in The cost price of stoc k bought ;
ear to 1 !t 1 7 cannot be deducted as in
JU.-~l IIII'U, II SUCH CllSt Will
art eluded in the deduction made in
at year of purchase.
"The farmer is net reiiuired t?
)",s elude in his ineotne t;?\ entnputr
lelv .J,,, value- of farm produce const]
,s hy himself and family. Hut in <
where lie exchanges produce
1 merchandise, grncer'es. et<- . the
ket value of the articles receive
his exchange nuist he included.
I!,u' "All other items of income at
during the year through pers
<>,l~ s-:v:?-e, business or trade, thri
I Is
us" of property or more) shoul
added into tlie gain for 1!U8.
in
"Kvervbodv wants to know 1
ex
n. oine is exempt from tax.
ear.
few plums that ft'l to the nve
or
. . man may he legally disregarde
old.
figuring up his lvlk Income. i
and t.(-quests ran he elintinated;
>otiproceeds
or life insuranee rem
tori
> hv the heretic ary of an insured
s'-n \ person who cashed in at
i:i t
ilovvme'<t policy need report a?
come oniy that portion which
cpt'iis the total of the premium
paid in all year* on that policy
nnities are not taxable, unless
>e v,?e. r< e veil it) the year paym
hi eh represent, when added t(
prior payments on the annuity
, in unt greater than the orli
st r>f the annn'ty. Dividend
a-exn'red life ic-urnm-p polbies
" t taxable income; but dividend
[ nntd up policies mast tie dm d
income Mitnony is not incoin
''the recitdent. nor is it an allow
deduction on the part of the pe
w ho pays.
1 "From the total of all itene o
* ci me. there are certain deduc
h allowatde ?iv law \ 11 interest
on personal indetitedness an
t ixes paid during the year are
a ' dneflhle excent federal income
t i-mi ^ proms liixrs, inneril
r ' t-i\oK and *?ssi ??mcnls for local
n provomcnts. such as sidewalks.
il rs. etc , losses incurred In busl
n "T trade are allowable, also It
, arising frc?m fires. storms,
h wreck or other casualty, or I
theft. <n cases where such losses
'riot compensated for by insurant
X AAV X JL *
Model 90?
A Car Sh
One car may be selected
cylinders, another for its body
price?
And so It goes until you c<
you discover this important 1
100.000 now sold:
Model 90 has been purchas
five of these essentials for com]
Appearance, performance,
True, in many cases its q
tylish design, and distinctiv
Influenced purchasers.
Again, in many, many cas<
Model 90 that makes it first cl
performance is its major virtu<
A large number of Model 1
reason for their choice have
Five adults can ride without ci
and deep!
Service is not listed among
by service we do not mean the
but the service the dealer and
ever ready and able to give.
In making a survey of the
of the Model 90 car, seldom h
mentioned first?And today, ;
be economically efficient.
PAGE THREE
irift Car
Just What
ould Be
because of its number of
design, another for its low
>me to Model 90 and then
fact hack of its more than
ed because it combines all
plete satisfaction:?
comfort, service and price.
ualitv appearance, big-car
e color scheme primarily
?s it is the performance of
loice. As a matter of fact,
a.
90 owners when asked the
mentioned comfort first,
amping, the seats are wide
, a car's specifications, and
service the car gi\es alone,
factory behind the car are
reasons for the popularity
as its moderate price been
above all else, a car must
Toledo, Ohio
aster, S. C.
PNEUMONIA fij
First, cull a physician.
Immediately commfirt (W btV
the "emergency" tn&t'
'' v"1'011 rfiodN^u-'i 'v;
"" VMM IKTO vTTli iTISgJl
NEW PRICES ? 30c, 60s U-20
otherwise Losses incurred outside
the
of a persons regular 1 u dness are allowable
to the extent of gains re'
ported from similar transactions
within the year. I>ebts due to the
111 '' taxpaper actually ascertained to he
as'-s . .
worthless during the year are dafor
ductihle.
' i "Depreciation on pro' erty used la
(1 ' a profession, in business, or in farmling
is another item that may he
isine claimed as a deduction. The store<?na
keeper may claim depreciation on his
>ugh fixtures, and on his delvery horses
and wagons, but not on his stock
held for soie. The professional man
ivhnt maj claim similar deduction on his
Very instruments; and. in case of a phyrage
sician who maintains a team or auto
d in for ma1 ti" his < ills on patients,
fIifts reasonable depredation may be
also claimed The farnu" may claim
>ived (tj.p-e inhnn o" h - f "i buildings,
per side f-oni his personal residerco.
i en also on It's farm machine-v. his work
i in horses and farm wagons. The the
ox - s
he (( . n t i u 1 < '' I'll to Six.)
A n
th" 22555S52225525!!giiI2iiK!!!22IS'S
it'll! ??? t?K.*w
1 ,M Break Up That Cold;
inn' Avoid Influenza
Yom can"I iSor.J |t<> triflr with a
Hr' cold. It m.ir 1?\m1 to ini\urnf.i or
|s nr. other ?^iou? trout Or . St-^rt h^hzinn
it at oner * rt t J J
orot*
MOTHEPfSJOY
Su\L\TE
g Apt>li?-d nrt'rmlly to ?h#?
. I throat and rh n it qaiikly .
prn^trKtrs to tli (Kftt of the lo- MM
I n inni.ili r lir- u* congn- M^w
11 ' tiding to MM
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