The Dillon herald. (Dillon, S.C.) 1894-????, February 07, 1918, Page Page Two, Image 2
FVABMBM DfOOBOB TAX
AM Who Are Uahl? Mm> Make lletun*
bjr Ruck 1.
unmarried person having a
I^PIR Income or 91,00# or more, and
0017 married person having a net im>
! x come of 12.000 or more In 1#17. mast
report before March 1. If IS. to the
collector of internal revenue for the
district in which the taxpayer resides,
ft is necessary that you And out
S whether you hav? an income that will
make yen taxable under the new law.
80 yon had. better get out your pencil
and do some figuring.
The law defines income as profit,
gain, wages, salary, commissions,
money or its equivalent from professions,
vocations, business, commerce.
tmdfr-fSBtRjviiea or dealings in prop
. ^ n?1 an<l *? " **
_ ?> ^ v m ...? vi imwwt
from investment except Interest from
government bonds or any (Kfei'mHF
tolpal, township or county bonds. Income
from service as guardian, trustee
or executor; from dividends, penalone.
royalties, or patents, or oil and
sea wells, coal land, etc., and income
from all sources are taxable under the
law. If the net income from all souri
eea come to the sums named.
.. It is going to be quite a task for a
r" farmer to find out what his Income
was. Few keep books, especially of
the smaller items bought and sold.
It is counted as a sale if one takes but
ter, eggs, apples, potatoes or any product
raised to the store and "trades
it oufVfor groceries, wearing apparel.
or what not. Living expenses can
not he deducted, so you must figure
the value of the farm products traded
for something, as though you sold th0
products for cash. It is nothing to
the tax collector whether you got cash
or sugar for the product.
The same is true of real estate. If
you sold part or all of the farm th^.
figure as profit or iacome the difference
between the cash value March 1,
p: pi 1913 and the price for which it sold,
or the difference between, its cost and
selling price if acquired on or after
March 1, 1913. Rents are considered |
whether paid tn cash or In
Ogden, of Shinnston,
farms hog-ton
^ ^^^H^B^^^Brnedicine hai
weigh 360 pounds, one
100 pounds heavier
and feed."
the a
hundreds and hunletters
on file at the
II Farms Company's
Hm nearly every state
Hion, all telling of big
^ftent in hogs ana
^R/rofits through the
^ -Tone, the scientifiH.'ed
Hog Conditionand
Worm ReHg-Tone
is sold on
T COSTS YOU
A 60 DAYS'
FATTENEN. CON
|A) R ALL Y<
- FOR &A
Hdr(/G
Bi
part of Um crop or otherwise.
Of ooorse there ere exemptions.'
The single person who is supporting
dependent children or dependent parents
or crippled relstlTes who can
not help support themselves is considered
the head of a family and has the
same exemption?$2,000 as a mar
nea person, unmarried persons with
incomes or loss than $1,000 and no
dependents are exempt from the tax. ,
Where husband and wife both base
Incomes they can report separately,
and divide the one exemption be-,
tween them. In case they ere divorced
or living apart, the one caring for
the children can claim full exemption'
and the other only $1,000. I1
There is an exemption to the ex-,
tent of $100 for each dependent child j
under 18 years of age. Suppose your|<
net Income figured up to $8,800 and <
you have four dependent children un-. I
der 18 years, you would be allowed I
5SC&-4eduetioh for -them. <
There is a certain depreciation In 1
the value of property which, is ex- I
ernpt. It runs as follows: Five per <
cent on frame buildings and two and
one-half per cent a year on brick or I
stone buildings: 10 per cent on the i
cost of farm machinery and imple- 1
ments. But this deduction must be <
based upon actual depreciation I
thrnnvh nu -a??* Al " -
o- ?"V ? tFBiuai inguuvuoo. II I
its value is the same as the year pre- <
vious, there is no deduction. t
In case of loss by lire, theft, or i
storms, not covered by insurance, you
can deduct the fair market value of 1
the property. This applies also to l
machinery, implements and farm '
buildings. You can deduct losses In I
trade or business provided the loss <
was actually suffered. But you can't <
deduct for hogs lost from cholera or 1
cattle from sickness unless you had 1
bought them, and then only in the ?
amount you paid for them. Neither t
6an you deuuct for loss of any stock <
or grain feed that you have produced
because you are not required to re- 1
port on these until sold. 1
All salaries or compensation paid
by the state or political subdivisions
of the state are exempt. That is, if :
you are a county supervisor or someI
W. Va., says: "I have used^B
E 56 days and I think it is the
re two pigs 4 months and 3 days
? pounds heavier than the other.
than my neighbor's 2 of the
60 days' Free
Trial under
a n absolute ^
money-back
guarantee. Come in the store
and tell us how many hogs
you have in your herd and we
will give you enough Hog-Tone
to treat all of them 60 days.
You don't have to pay for it
unless you are absolutely satisfied.
The decision is left entirely
to you.
NOTHING NOW TO TRY
TREATMENT OF
AS HOG-TONE
MTIONER AND WORM REMOVER ?
OUR HOGS
LE BYCO.,
DILLON, S. C.
Who May |
erested |
Automobile C
eputation (
tnce that I have &
Dillon County
[upmobile.'' You %
ss "R" 1918 Model, (j
and I would be a
u call and look M
a atranger to a
was told a few m
uan who used one C
said he had never (
le shop. See me M
ad todemonstrate .
par to you . K
Iky truly, m
LIZZARD I
a 5.
^.rlboro V
IIIIMB???^"-g?
ttiif whtwfcy rot ntkpir H?i#r
alary, this doaa nothare to bo wnted
ia the Income tax report.
Your living up?mm are not to be
deducted from tht total. And ybu
can not deduct any charge for any
personal service rendered In the business.
or for any member of the family
working at home. You can't allow
for u salary to yourself. But you et n
deduct for cash paid hired help ah a
part of the running expenses of the
farm. Even where eons or daughters
work for the parents at a wage, the
wage must be paid la cash as *U>
strangers and then this expense may
be deducted. If this Is done to avoid
the tax, there is severe penalty. .
"All necessary expenses actually
paid within the calendar year la
carrying on the business" may he
exempt from taxation. The question
Is: What is necessary expense? The
family and personal expenses are net
considered. Your groceries, fuoi,
light, clothing, things like a piano
for the home, are personal or family
expense and not deductible.
But you can deduct tuxes, except
Income taxes and those asserted
igainst local benefits. Deduct interest
paid on your indebtedness; insurance
jxcept on your dwelling, seed and
!eed purchased; stock bought for re-|
?le; cash paid for hired help but you
:an not- deduct as part of the wage
:he value of their board, lodging or
vashlng.
You can deduct for the necessary
-epairs, but not for permanent Improvements,
nor for new machinery,
ifou can deduct for small tools, and
'or the cost of running your machine!
such as tractor, threshing machine,
itc. However, you can not deduct for |
the cost of running your family auto
If used as a pleasure car. If used
anly as a part of the farm machinery
to run about on business its cost of
operation can be deducted.
Lh brief, this is a new income tax
law. It is up to you to see the income
tax man. Don't think the tax does
not apply tfc you. Find out by talking
with him, and when you go to
Bee him have all figures ready showing
what you took in and what you
paid out.
The government is going to send
its income tax men out where it will
be easy for you to get to them. An
income tax man is going to be In
every county in every state in the
TTnitaH Qioto. 1?* ? *
x/ I^VMVVO ouiitc iiiiic ucfc n cell *1 ftXl"
uary 2 and March 1. Watch the local
newspapers or ask your banker or
postmaster when he'll be there, or
near your place, and then go to see
him. He will have a tax form for
you, help you make it, out, answer all
your questions, and won't charge anything
for this service.
Don't neglect the income tax, because
if you do you'll regret it later
when the government finds you out,
as it will, and makes you pay the
penalty for failure to obey the law.
Following are the penalties: For
failure to file income report before
March 1, 1918, not less than $20, nor
more than $1,000 and in addition 60
per cent of the amount of the tax due.
For failure to pay tax before June 15,
1918, 5 per cent of the amount of tax
due, and 1 per cent interest for each
month tax remains unpaid. For making
false report, not exceeding $100,
or not exceeding one year in Jail, or
both.
A Negro Dies of Injuries
Mullins Enterprise:
Dr. J. Hagood Smith was called
to Fork one day last week to render
aid to a darkey, Lunden Burden by
name, whose critical condition was
the result of very singular circumstances.
Reports reaching here
were that the negroes of Fork society,
were conereeaterl In thoir t
Hall one night last week for the
purpose of initiating into the ranks
of the order the candidate, Lunden
Burden. The best available information
of what might be the facts
in the case is gathered by the physician
culled to attend the wounded
man, in effect that the candidate
was being given what is termed a
"side" degree, known in some fraternities
as the "sky-scraper" degree.
It is evident that those in charge of
the initiation were not careful as to
the manner in which the candidate
was handled, but to the contrary
to break a man's neck in showing
him into the secret work of the order
is indeed very rough handling.
Such was the price paid by Lunden
Burden for his bravery. His death
occurred as a direct result of a dislocation
of the neck.
o
Clio Company Closed
Washington, Jan. 30.?The license
nf t ho flin Oil o "?
? W..W uiiu X' CI llllACl VjUIIl"
pany of Clio; South Carolina, has been
revoked and the concern ordered to
close up its business not later than
February 6th, the Food Administration
anounced today.
"Speculating In and hoarding cotton
seed" Is the reason given with the
order, and it was announced that as
all of the company's products are
manufactured from cotton seed which
is under license, it will be unable to
operate even as a fertilizer manufacturer.
The company had on hand 3,092,000
pounds of cotton seed and has
been operated only two and one-half
days in the past year, according to
statistics brought out at a hearing before
the Federal Food Administration
^^^l^^jfc^&rolina. This, it was anamount
above reasnouoceA.^^
f#r a reasonable length
iotvabte jgi was taken as "clear
\ot tth1? ^^^seeu was being hoard\proof
purposes."
tW
V
Notice la hereby glean that I. &
Thompson and J. K. Roftni ancnton
of the estate and electa of A. J. Oottlngham
deeeaaed haa thla day mads
application unto me for a final diecharge
aa such executors, and that
the 15 day of February ltit at my
office at tea o'clock a. m. haa been appointed
for the hearing of said petition.
JOB CABILL DAY18,
Judge of Probate Dillon Ccnnty.
1-14-41
BOeOKEE'8 GERMAN 8TBVTP.
Why use ordinary cough remedies,
when Boaehee'i Genua Synp has
boon used so successfully tor llfty-ons
years in all parte of the United States
for coughs, bronchitis, colds settled
In the throat, especially long troubles.
It glree the patient a good night's
rent, free from coughing, with easy
expectoration in the morning, gives
nature a chance to soothe the Inflamed
parte, throw off the disease, helping
the patient to regain his health.
15 and 75 cent bottles. Sold by Carol
ichael Drag Company, Dillon, 8. C.
?Ex. 11-18-17?e-o-w. ^
.?HhAAAAAAAAAAA<
' 'WW vwwVVW V
Pianos ~
i JL n xr n?
& r>uy i our nan
Y The Siegling Music I
i Piano House in i
| We Hi
? i
Y Acknowledge
X Kranich & Bach, Ive
Victrolas and Pic
Y a house of establi
\ SIE
i fi?
y Write the House a
t
/g i
HORSE
f
at the old Dillon
Can also fun
Only fifty tons ol
I
Having loca
sell my friends g
[ young Mules an<
! aaaL ^ ? J ? ? ?
mi tfla 11 ui ^uuu iieg
f?i?SS5&
I ' -J
I ' TAX RETURN FOR l?lt ^ 1
I do* tax are to be made at County Am- ' 1
[8 dit?r*a oSm, hutiilai
}8 lanwy t to lilimi| at, ltlt
(1 All retaru ato be made by aches!
districts. 1
I Your failure to make returns ealls
for 50 per cent, penalty as prescribed
I bylaw. j
| . Do not watt until the last day to
make your return. 4
|| JNO. W. GADDY, County Auditor.
I * '
sTeo'Z wo* 'uiAtrniflVl
est Music House in America || ||j |j|uU T
os From an Old Established House
louse of Charleston and Florence is the
the United States, in business since 1819
indie Only Reliable Makes ?
he STEINWA Y ? J
d as the Greatest Piano in the World. 6
rs & Pond, Shoninger, Huntington, Stodart f
iyer Pianos. The above pianos backed by X
shed reputation and undisputed reliability X
^ 1 IMP Oldest Music Houm jt
^ in America
orence and Charleston ?
t Florence, or G. W. Johnson, local agent, 9
Nichols or Mullins - J
_____
==h
S AND HOLES
'OR SALE
"'J
HHBHH
,
ted at Dillon I am now prepared to
iood Tennessee and Virginia raised
I
1 Horses at reasonable prices for
Sotiable papers. You will find me
Live Stock Stand.
nish you Fertilizers at right prices,
f cotton seed meal at present to offer.
I ^
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