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WHAT IS YOUR INCOME TAX? i |l Following Article Tells You What ' You Will Have to Pay ami How to Pay It. The big Income Tax drive for 1919 , is now under way, and every pre- ( paration is being made to handle the ; largest collection in the history of , Income Tax. "I am not waiting for toe final passage of the new revenue ( bill by Congress," said Collector D. , C. Hey ward today, for the new regu lotions and blank forms to be issued. , To get this big tax in and get it accurate and complete, I urge that we , all begin now. ( "The Income Tax obligations im- ] posed by the old laws, as well as the ( measure now in Congress, consists of ( two distinct operations. One is, t o ( Hie return or statement of all items , f income and itemE of deductions , allowable by law. The other is, to pay , the tax, if any is due. I( "Neither of these obligationn can , be met without a careful review of ; income and expenditures for the tax ( pear. That is the big job right now, and that is why I say that Income j Tax drive is already under way. Ev- ( rywhere the pencil is busy. The Id year is done; all its fruits are leaned; and every person who fared ( Yell, or earned a good competence, ' Bust analyze his own case in cold ' figures. "When the new bill is enacted in- 1 to law, I will have the proper return ' forms distributed throughout the Dis- ' rict and everybody will be informed f the date when the sworn return 1 Bust be filed. It is my plan to send ? ut to central locations, and to have 1 them travel through the District, aid-' tog taxpayers in the preparation - of . the returns and in deciding doubt- 1 Jul points. We will go right to the 1 people >vith the Income Tax and ] with the co-operation which the j public can give the government men, the returns will be filed by everybody * who comes under the law's provisions the right taxes will be paid, and the 1 district will have done its full patrio- 1 tic duty towards the governments J support. "Meanwhile, let me say again, there " % no need of delaying the prepara- T v- tion of figures. Anything that con- e dress does now will not affect the 1 amount of a person's earnings for 1818. Let us avoid the belated throw- f . .. 2 feg together of figures that may hit . r miss. Guesses cannot be accepted . as the basis ot taxation. It is clearly the duty of every person to compile ^ correct figures and ascertain wheth- . r his income for 1918 was sufficient { to fnake a necessary a sworn return.1 "The year 1918 was a banner year, s; lor salaries and wages, and the high trar prices brought unusual profits to ^ fee average small tradesmen and to fee farmer. The opinion in Washing- r fen is that a million citizens and res- 1 Ments will make this year their first ' fecome tax returns. "All signs indicate that the income fex this year will reach nearly every . working man and woman, and nearly j very merchant, shop keeper and far- f mer. Net all will have to pay the tax but nearly all will be obliged to make * sworn statement of the years' in- ^ feme. i "I am therefore advising every unmarried person who earned a $1000 i over during the year 1918, and ^ very married person, who together With wife or husband, earned $2000, t fe sharpen his pencil and figure out fcew he stands. ;3 "He must ascertain accurately his fvoss income from all sources. There ' ft his salary or wages, including ov- 1 rtime pay and any bonus received as c additional compensation. A married lerson having children under 18 who 1 are working, should include the c earnings of such children. ' t *Y'If he Bold any property at a profit " the gain must be computed and included in gross income. If he rented my property to other persons the total rents received in the year must fee ascertained, and from that figure a deduction may be taken for taxes paid on rented property, the necessary minor repairs, fire insurance, any interest he may have paid on mortgage, and a reasonable allowance for annual wear and tear of the rented property. The balance is included in gross income for the year. "Interest on bank deposits, wheih r withdrawn or added to his bank balance^ must be included in all calculations of income. Bond interest received during tbe year mast also he included, except interest on niunfonntv nr siate bonds. Interest u United States Boiids need not be ( included by the ordinary bond holder ! who purchased small amounts. Holders of large amounts of Liberty . Bonds, however, should ask their ] bankers to write to my office for the ; mile applying to tax on such interest. . "Dividends on stock shares are in me, and must be included in the j s*) gross figures although the law does ] | ?ot impose the normal tax on distri- j butions made by domestic corpora- \ tp ftons. I' "A person buying and selling mer- 1 tiandise must find his profits for the 1 year on the following basis; First < ascertain the gross sales or total cash < sceipts. Then add together the in- i uontory at the Deginnmg 01 me yeai ? ^ and the purchases of goods for re-, Sale. From this latter sum subtract i the inventory of goods on hand at ] year's end; and the result is the < BgP-^kast of goods sold. This cost, plus l necessary expenses incurred solely h through conduct of the business, is -A to be deducted from the gross sales, h and the result is the net earnings of s the business. v "A professional man arrives at his " professional income by ascertaining is the total of fees for service and de- r ducting therefrom all expenses con- n * * ui- O nected directly and soie.y wnn ins practice. n "A farmer must figure up all in-: come derived from the sale or ex- a change of products during the year, whether such produce was raised on Ihe farm or purchased and resold. a He is allowed to deduct from this n total his expenses of the year connected with the planting, cultivation, harvesting and marketing of the crop or the care feeding and marketing e of live stock. He is not allowed to d deduct the amount expended in 1918 In purchasing stock for resale; butj when such stock iB sold its cost is to be deducted from sale price in as-|^ certaining the gain to be included in his return of income. The, costj price of stock bought prior to 19171 cannot be deducted as in the case L just cited, if such cost was included ti in the deduction made in the year t of pul-chase. i r "The farmer is not required to in- d elude in his income tax computation f' the value of farm produce consumed oy himself and family. But in cases * where he exchanges produce for * nerchandise, groceries, etc, the mar- h ket value of the articles received in S exchange must be included. a ----- - - -. - . ,. I *i "All otner items or income arisng during the year through person- -A il service business or trade, through -A ise of property or money, should be d idded into the gains for 1918. j sj "Everybody wants to know what C( ncome is exempt from tax. Very few )lums that fall to the average man d nay be legally disregarded in figur- a ng up his 1918. income. Gifts and si jequests can be eliminated; also pro- T :eeds of life insurance received by d he beneficiary- of an insured person. c( V person who cashed in an endown-j nent policy need report as income S inly that portion which exceeds the lc otal of the premiums he paid in A ill years on that policy. Annuities are C lot taxable, unless the person recelv-N id in the year payments which rep- hi esent, when added to all prior pay-[ nents on the annuity, an amount 0 rreater than the original cost of the f< innuity. Dividends of unexpired life t( nsurance policies are not taxable w ncome; but dividends on paid up D lolicies must be considered income, h Alimony is not ilcome to the recip-J ent, nor is it an allowable deduc- l ion on the part of the person who ti lays. j l "From the total of all items of in- j tc ome, there are certain deductions al- ei owable by law. All interest paid on ti tersonal indebtedness and all taxes |w >aid during the year are deductible |w ixcept Federal Income and Excess r< 'rofits taxes, inheritance taxes and f< issessments for local improvements,'d< uch as sidewalks, sewers, etc., losses' ncurred in business or trade ar al-ili owable, also losses arising from si ires, storms, shipwreck or other ca-,w lualty, or from theft, in cases where VI uch losses are not compensated for C ly insurance or othewise. Losses in- J si :urred outside of a persons regular a lusiness are allowable to the extent! if gains reported from similiar ti ransactions within the year. Debts w lue to the taxpayer actually ascer- rr ained to be worthless during the h rear are deductible. "Depreciation on property used in i profession, in business, or in farmng ig another item that may be :laimed as a deduction. The store- t] teeper may claim depreciation on his F 'ixtures, and on his delivery horses ind wagons, but not on his stock held si :or sale. The professional man may :laim similiar deduction on his in- e jtruments; and, in case of a physician; vho maintains a team or auto for a naking his cans on pauenis, reas??- ? ible depreciation may be claimed. -A The farmer may claim depreciation b >n his farm buildings, aside from his C personal residence, also on his farm 1< machinery, his work horses and farm', a wagons. The teory of depreciation, ii in connection with income tax, is that a wear and tear caused by use in earn- ti Ing income is a real expense in the ?arning of that income. The rate d is determined by the number ef rears that the property ordinarily would be useful, and the cost of the 1 property is the basis of the computa-, tion. If the property suffering depreciation was bought or acquired prior to March the 1, 191S, the mar- ^ ket value as of that date is used, in- j stead of the eost, in figuring de- ^ preciation. "Contribution! or gifts actually ^ made in 1918 to organizations operating exclusively for religious, char- ^ Itable, scientific, or educational pur- ^ poses, and to societies for the prerention of cruelty to children or ani- j. mals, may be deducted, to an amount h not exceeding 15 per cent, of the net Income computed without the bene- ^ rit of thiR deduction. 'After the total of all income is t( found, and the deductions allowable by law have been computed as an r nffset, the amount of income in ex- B ress of such deductions is the ret t] Income, which forms the basis ef the jj assessment of tax. F "If every peron in this District f] ? ill >>to 101 ft inpnmn An/) #1 will CAXI1I1I1IO lit* J. W * <* ?... VJ Ms allowable deductions, in line with a] lata that I hare given, he will know jeyond doubt whether he must fite ? is return when the blanks arrive. 1 .nd here is how he will determine is liability to file a return. If he is ingle he must file his net income < ras $1000 or more, and this require- ( lent is enforced whether or not he 1 ; the head of a family. If he is mar- ' ied, he must file his return if his '< pt incnmp including- that of his wife 1 nd minor children was $2000 or 1 lore. ' "I want to emphasise the co-oper- ' tion feature of the collection of the ' ncome Tax this year. The policy of ' tie Internal Rerenue Bureau is to 1 id taxpayers to meet the require- * lents of the law. We are going right 1 3 the people, not to swing clubs or ' a mulct the wage-earner of his sar- 1 igs, but offering every helpful gov- ' rnmental function that will assist to 1 o their duty." o j1 DISTRICT AGENTS KAHHD. ] Il Till Supervise County Home Demon-'; stration Agent*. Rock Hill, Jan. li ? Miss Edith ' I Parrott, State home demonstra-!, ton agent with headquarters at Rock j [ill, issues the following statement; egarding the appointment of three', istrict home demonstration agents ( ar South Carolina: "We are glad to announce that j rith the beginning of the your 1919! e are able to appoint three district ' ome demonstration agents for the ( tate of South Carolina. These agents ( re Miss Ruth E. Berry, Senaca; Miss ( larv B. Martin, Abeville; and Miss , .man da Edwards, Kingstree, S. C. J .11 of these are former county home j emonstration agents and have done < plendid work in their respective J aunties. "The duties of these district home , emonstration agents are to supervise nd assist the county home demon- | tration agents in every way possible. | he counties of the State have been j ivided into three groups, each group ( ansisting of fifteen counties. j| Miss Berry, with headquarters at ( eneca, will have charge of the fol-. j >wing counties: Oconee, Pickens, , nderson, Greenville, Spartanburg, j herokee, York, Union, La"Urens, ewberrry, Greenwood, Abbeville, , icCormick, Fairfield and Chester. |, Miss Martin with headquarters at , rangeburg, will have charge of the ( blowing counties: Richland, Lexing- , )n, Saluda, Edgefield, Aiken, Barn- j ell, Bamberg, Orangeburg, Calhoun, , orchester, Charleston, Colleton, , [ampton, Jasper and Beaufort. |( Miss Edwards with headquarters atj atta, will have the following coun- ( es: Dillon, Marlboro, Chesterfield, ,t ancaster, Marion, Horry, George-1( >wn, Williamsburg, Berkley, Clar- j adon, and Sumter. While these dis- , ict agents have their headquarters j ithin their respective districts, they ] ill meet at Winthrop College at a j ?gular time each month for a con-'j ?renee with all the other state home 1 emonstration agents. "At present Miss Edwards is at Co-' | imbia University taking a course of ( tudy preparatory to taking up her j ork the first of February. Misses f [artin and Berry are at Winthrop ( ollege assisting with the course of ( :udy for the home demonstration < gents. "We feel that by having these dis ict home demonstration agents that ] e will be able to serve the people mch better in the future than we ave been able to in the past." o < CITATION. The State of South Carolina, Counr of Dillon, by Joe Cabell Davis, Tobate Judge: Whereas, G. C. McDaniel has made uit to me to grant unto him letters f administration of the estate and ' ffects of John Arch Herring. These are, therefore, to cite and ( dmonish all and singular the kin-!( red and creditors of the said John .rch Herring, deceased, that they j e and appear before me, in the ourt of Probate, to be held at Dil)n on Tuesday, February 4th next, ' fter publication hereof, at 10 o'clock l the forenoon, to show cause, if 1 ny they have, why the said adminis-j^ ration should not be granted. Given under my hand this 26t.h ( ay af January, Anno Domini, 1113. ( JOE CABELL DAVIS. Judge of Probate, -2t-2t?138. Dillon County. i ATOP THAT ACHE!. Don't worry and complain about a ' ad back. Get rid of that pain and ' imeness! Use Doan's Kidney Pills, lany Dillon people have used them 1 nd know how effective they are. ' Fere's a Dillon ease. 1 Mrs. B. B. Benfield. says: "I can < onestly recommend Doan's Kidney 'ills After my experience with them. ' ibout eight years Ago, when I was < iving in Fayetterille, N. C.p I was aring an awful lot of trouble with 1 iy back and kidneys. If I stooped rer, sharp darting pains would dart ' p and down my back, causing me ' o Puffer almost beyond endurance. I ust simply eouldn't pet relief. Di?iy 1 pells came over me frequently and ' \y eyes often blurred. I suffered like his for a long time and was not re- < leved until I osed Doan's Kidney < 'ills. They brought me relief from 1 he start and soon put an end to my ' rouble. Erer since that time I kare 1 poken rery highly of them." c, at all dealers. Foster-liilburn lifers.. U offal o, N. T.?1-28-21. 1 HULLINS HAS PIX3W FACTORY. Solon 13. Lewis, the son of the jriginal inventor and manufacturer )f the "Lewis Upright" plow stock (now made by a concern in another own in thig section) has invented ind patented a wrenchless plow (vhich has many advantages over any plow of its type. There are no bolts ;o loosen, as a rachet bar or setting bar runs up through the beam and is locked by a spring bolt that fa&tens under the beam. To set your plow, release the spring bolt lock and elevate or depress your handles to the desired slot in the rachet bar, let go your bolt and you are again ready to resume your work. Thi3 can be done in from fifteen to thirty seconds. > ' | Some of the best farmers in this section are well pleased with the new plow, and many of them hare ilready placed their orders with Mr. Lewis for a number of them.adr. 1-2S?341. MASTER'S SALB. State of South Carolina, Dillon County. J. W. Dillon A Son Co., plaintiffs, rs. H. E. Ford, Defendant. In the Common Pleas. Pursuant to an order of His Honor Edward Mclver,, Judge of the 4th Judicial Circuit, bearing date the 15th day of January, 1919 the unlersigned, as Master for Dillon county, will- sell during the legal hours pf sale on the first Monday in February, same being the 3rd, before the Court House door in the town of Dillon, in the County of Dillon, in the State aforesaid, at public auction to the highest bidder for cash, the following described realestate, to tvit: 1 All tliat pprtoln niopo nnff?Al tract of land situate and being in the county and State aforesaid and n Hillsboro township containing twenty-five acres, more or less, and sounded on north by lands now or formerly of John Cook, east by lands now or formerly of D. C. Moore south by Cutchelo Bay and west by iands of Nora Odom. 2. All that certain piece, parcel ir tract of land containing twelve icres, more or less, situate in this jounty and State and in Hillsboro township and bounded north by lands sow or fermerly of John Odom; east >y lands now or formerly of Adjeiora Odom; south by Cutchelo Bay ind west by lands now or formerly >f Marshall Cook. 3. All that certain piece parcel or ! :ract of land situate in this County' ind State and in Hillsboro township sontaining fifty-two acres, more or| ess, and bounded north by lands' low or formerly of W. J. Hill; east1 jy lands now or formerly of Aaron Ford; south by lands now or formery of E. A. Thompson, and west by ands now or formerly of Aquil Hayes. Terms of sale cash; purchaser to jay for all papers. Any person bidlft?g off the said property and re using to comply with his hid tnere-, or, said property will be resold upon he same or some subsequent sales-' lay at the risk of the former pur-1 :haser. A. B. JORDAN, Master for Dillon County. >, L-ie-St?206 MASTER'S SALE. State of South Carolina, I County of Dillon. Bank of Florence, Plaintiff, vs. [rene B. O'Farrel, Defendant. In the Court of Common Pleas. Under and by virtue of an order tnd Decree of Hon. Edward Mclver, fudge of the 4th Circuit, dated the L2th day of November, 1818, in the :ase of Bank of Florence, a corporadon, Plaintiff, versus Irene B. D'Farrell, Defendant, I will offer for, sale before the Court House door at Dillon, County of Dillon, during the usual hours of sale on the first Mon- ] lay in February to the highest bid- I ier for cash the following described j property, to wit: 1 "All tbat certain piece, parcel or ! lot of land with dwelling thereon, 1 situate, lying and being in the Townt bf Dillon, County of Dillon, State of South Carolina, measuring ninety (90) feet on Third Avenue, and running back one hundred and fifty (150) feet, and bounded on the north by lot of Willie M. Muldrow and lot No. 2 hereinafter described in this mortgage: East by lot of J. W. Smith; South by lot of Mrs. James' R. Watson and George Campbell, also; one other lot five (5) feet on Hampton street and running back there-! from sixty (60) feet and bounded on j the north by Hampton street; on the | East by lot of J. W. Smith; on the J J South by first lot described in this ( leed, and on the West by lot of j Willie M. Muldrow, being the same i property conveyed to Jennie Ilrunson J Daddy by deed of date April 8, 1913, and deeded to the said Irene O'Farrel , by the said Jennie Brunson Gaddy. ; Terms of sale cash, purchaser i to pay for papers and revenue J stamps. Any person bidding off said prop- ! srty and refusing to comply with his j >r their bid the said property will < rpsnlrt nn the same or some sub- J j sequent salesd.17 at the rish of the i 'orruer purchaser. A. B. JORDAN, Master Dillon Countjr. 1 L-lf-8t881. Report of t THE FIRST ? Dillon, Hi At the Close of Busim RESi 1. Loans and discounts, those shown in b and cc) Total loans d. Notes and bills redisc (other than bank accei sold) (see item 57a $44, f. Foreign bills of exchange or sold with indorsement o bank, not shown under d, above (see item 57c) 2. Overdrafts, secured $13,7 unsecured, $1,900,03 ? a. U. S. Bonds deposited to circulation (par value g. Premium on U. S. Bonds ? a. Liberty loan bonds, 3H. ' 4 1-4 per cent, unpledge< e. Payments actually made on 4 1-4% bonds of the liberty loan owned e. Securities other than U. S. not including stocks) unpledged Total bonds, securities, other than U. S $. Stock of Federal Reserve (50 per cent of subscript! 11. Furniture and fixtures 13. Lawful reserve with I Reserve bank IB. Cash in vault and net ai due from national banks 18. Cheeky on other banks i same city or town as rej bank (other than item 17 Total of items 14, 15, II and 18, ? ? 1 9. v_vnet iv^ uit> uanao iuvuivu * of city or town reporting and other cash items 19. Redemption fund with Treasurer and due from Treasurer Total LIAE .24. Capital stock paid in 25. Surplus fund ? ? ? 26. a Undivided profit" b. Less current expenses taxes paid 29. Amount reserved for all est accrued 80. Circulating notes outstand 84. Individual deposits subj< check 3 6. Certified checks 8 7. Cashiers checks outstandii Total of demands depos 42. Certificates of deposit than for money borrowed 45. Other time deposit, saving Total of time deposit i to reserve, items 42, 41 and 45 ? ? SI. Bills payable, with Fede serve Bank Total? 57. a Liabilities for rediscour eluding those with J I Reserve bank, (see item Total contingent liability a, b, and c) State of South Carolina, Cour I, J. R. REGAN, Cashier emly swear that the above st knowledge and belief. CorrectJ. N. E. T, J. W Subscribed and sworn to 1 JOE CABE E. LILLIAM ARMSTRONG, D. O. Armstrong CHIROPI Boom 4 Ba PHONE 562 A? MARIO*. 8. a. MONDAY Ml. From 10 a. <5X5XSX5X5X5XSX2X5XaXaXS) XgXSXiSX5XaX2>SXSXSXSXS>^ I Make Y I R] | LIKE A $1 & Equip it with Hassler Shock ? sorbers. Just received a 1 ? ahinmpnt and can tako caro ? your order. Drire In and lei $ equip your Ford with tlio Ha? ? Shock Ahsorhcs 321 | & Rogers Gar a: ?CsXSK?0<??3X??C ?XS<SXs)?<5)<5X2>?C2XS><5XS^ ft he Condition of ? NATIONAL BANK, \ ' >uth Carolina. ? ess on December 31, lftlf. OURCES: (except $191,676.71 f 1 J ? fW lf.lt ounted itances A 818.SE - ' drafts /r f this item " 44,111.M 141,161.41 09.12; 15,100.16 secure 12,619.9# . 12,69.9.99 4 ant 1 6,199.99 libertf fourth 6,199.99 bonds ownel 3,499.99 , etc., v 3,499.19 Bank on) __ 769.99". 3,788.14 ^ federal 6sl,. / 14,069.71 nounts - M,068.68 n the jortinc: ) 4,928.96 5, IT, __ jutsida r . bank 1#,#57.81 U. S. U. S. 625.80 8241,719.98 ULITIE8: , ! 25,000.00 . 1,000.00 3,741.8# , and A1 ' ' 3,748.90 , inter- ? i v . > 650.00 ing __ 12.600.00 set ta ?"' &' 2 #9,271.24 ~ b 900.00 ng > 942.72 Jits __ 151,111.## (other 31,229.00 ? ; , " ? #.399.47 t J* subject t, 44, * NP? 3#,t##.#<7 ral Re^11,#78.## 8141,711.98 its, im"ederal Id __ 44,818.81 as (57 . 44,818.88 J ity of Dillon:? of the above-named bank, do solatement is true to the best of my J. R. REGAN, Cashier. Ali..l. ?iViiesL.? HARGROVE, , ELLIOTT, . McKAT, Direeters. before me this 13 day of Jan, 111#. LL DAVIS, Judge of Probate. ?? ???^?? J. D. BABQOCK, D. O. & Babcock RACTORS rringer Building FLORENCE, 8. 0S, WEDNESDAYS AND FRIDAYS m. to 0 p. m, XsXsXsXS????? A our Ford IDE 2000.00 CAR ? ee, Di//on,5. C. ^ 9? y i