Historical Newspapers of South Carolina

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<mrr If . J.JUllll1 INCOME TAX DRIVE NOW IS UNDER WAY People Are Advised to Sharpen a Pencil and Figure How He Stands SERIES OF STORIES TO EXPLAIN THE LAW What Must Be Accounted For as Income?What Allowed as Deductions. The big Income Tax drive for 1019 is now under way, and every preparation is being: made to handle the largest collection in the history of Income Tax. "I am not waiting for ti?e final passage of the new Revenue, bill by Congress," said Collector I). C. Heyward today, "nor for the new regulations and blank forms to be issued, to get this big tax in and get it accurate and complete, 1 urge that we all begin now. "The Income tax obligations imposed by the old laws, as well as the measure now in Congress, consist of two distinct operations. One is, to file return or statement of all items of ipeo?no and times of deductions allowable by law, and to do this within the period named in luw. The other is, to pay the tux, if any is due. '<#> ^'Neither of these obligations can be met without a careful, review of iiiortni/* 1M(! i^Yhn;'re for tlio tii" year. That is the big job right now. and that is why I say that Income Tux drive is already under way. Everywhere the pencil is busy. The old year is done; all its fruits are gleneci; and every person who fared veil, or earned a good competence nvust analfze his own case in col:' figures. ""When the new bill is enacted intc law, I will have the proper return forms distributed throughout the District, and everybody will be informed of the date when the sworr return must be filed. It is my plav to send my return out to central locations, and to have them travel through the District, aiding taxpayers in the preparation of the return: and in deciding doubtful points. Wr " - ?t- A. 1 ~ i 1 ^.,1 ^ *1, Will go rigllt ui'J puvjjiv >viui hiIiicome Tax, and with the co-opcra tion which the public can give th? government men, the returns will bfiled by everybody who comes undo1 the law's provisions, the. right taxe will be paid, and the District wil have done its full patriotic duty towards the governments' support. "Meanwhile, let me say again, there is no need of delaying the prep aration of figures. Anything that Congress does mow will not affect the amount of a person's earnings for 1918. Let us avoid the belate? throwing together of figures tha* may hit or miss. Guesses cannot baccepted as the basis of taxaton. I is clearly the duty of every persoi to compile correct figures and ascer tain whether his income for 1918 wa sufficient to make necessary a swon return. "The year 1918 was :x banner yea for salaries and wages, and the big war prices brought unusual profit to the average small tradesman an to the farmer. The opinion in wasl ington is that a million citizens ar residents wlil make this year the fiist income tax returns. "All signs indicate that the i come lax this voar will reach near every working man and woman, ai nearly every merchant, shop keep and farmer. Not all will have pay the tax, but nearly all will obliged to make a sworn statemc of the years' income. "I am therefore advising ev( unmarried person who earned Sf 000 or over during the year 1018, a every married person, who togetl with wife or husband, earned $2,0 to sharpen his pencil and figure how nc stands. "He must ascertain accurately gross income from all sour* There's his salary o? wages, incl ing overtime pay and any bonus coived as additional compensation married person having children der 18 who are working, should elude the earnings of such childr* "If he sold any property at a p it, the gain must be computed included in gross income. If he r< ad any property to iher pers< the total rents received in the j must be ascertained, and from I figure a deduction may be taken taxes paid on rented property, necessary minor repairs, fire ins * WW?? Hardly a Drugstore That Does Not J a On the Market Half a Century. ? ?? a When you are in perfect health, J and are enjoying a strong and vigor- 7 ous vitality, it is then that your blood ? is free from all impurities. * You should be very careful and , give heed to the slightest indication . of impure blood. A sluggish circula- 1 tion is often indicated by an impaired ? anee, any interest he may have paid s on mortgage, and a reasonable allow- ] ance for annuaDwear and tear of the I rented property. The balance is in- < eluded in gross income for the year. < "Interest on bank deposits, wheth- t or withdrawn or added to his bank i balances, must be included in all j calculations of income. Bend inter- 1 est received during the year must i also be included, except interest on < municipal county or State bonds. 1 Interest on United States Bonds need '< not be included by the ordinary bond ' holder who purchased small amounts. < Holders of large amounts of Liberty 1 Bonds, however, should ask their ] bankers to write to my office, for the rule applying to tax on such inter- < est. i "Dividends on stock shares arc in- < nn/1 mncf Kn i> a < > 1 : i < 1. w 1 in f j t I gross figures, although the law dues (< not impose the normal tax on din- J tributions made by domestic corpor-j 1 at ions. j 1 "A person buying and selling mer- ] < ehandise must find his profits for i( the year on the following basis; J First, ascertain the gross sales or ^ total cash receipts. Then add to- 1 gether the inventory at the begin- 1 ning of the year and the purchasers < of goods for resale. From this latter < sum subtract the inventory of goods i o" hand at the year's end, and the 1 result is the cost of goods sold. This A cost, plus necessary expenses in- t curred solely through conduct of tho 1 business, is to be deducted from the < gross sales, and the result is the net earnings of the business. ! "A professional man arrives at his 1 professional income by ascertaining ? the total of fees for services and de- 1 ducting therefrom all expenses connected directly and solely with his ; practice. "A farmer must figure up all income derived from the sale or exchange of products during the year, whether such produce was raised on ho farm or nuwhnHod and resold. I He is allowed to deduct from this total his expenses of the year connected with the planting, cultivation, harvesting and marketing of the crop, or the care, feeding and marketing of live stock. He is not allowed to deduct the amount expended in 1C1S in purchasing stock for resale; but when such stock is sold its cost is to he deducted from sale price in ascertaining the gain to he included in his return of income. The cost price, of stock bought prior to 1917 cannot be deducted as in the case just cited if such cost was included in the deduction made in the year of purchase. "The farmer is not required to inj elude in his income tax cems putation the value of farm produce for merchandise, groceries, etc., the market value of the articles received in exchange must be included. "All other items of income arising during the year through personal service, business or trade, through use of property or money, should b< added into the gains for 101X. j "Everybody wants to know what I income is exempt from tax. Verj few plums that fa'l to the average " man may be legally disregarded ii figuring up his 1918 income. Gift: and bequests can be eliminated; als< II proceeds of life insurance received b; the beneficiary of an insured poi n ;;;.j > i'i 9R !* ? * m !? m % r her W k /J. I.nnlrine their f oul I ^ - The St tea. * U(j_ It Ih health, robust health, girl's good looks. If she gets sicl !?* of health, she knows that person . A worry. They aro hers. That is un- I1'10 H{ory ?* Hattie Ham ton, 817 Myrtle Avenue, Laton! m- Kentucky, Is typical. She says: have never In all my life, until r " cently, weighed Over 102 poun< rof- Finully, I began to take Pcrur and My weight now is 120., While didn't really need It, 1 have start ent- on the third bottle. ' l'cruna h certainly done me a great deal ons, good and 1 recdtnmehd It to t rdar l'rlends. Several are taking it.' It is surprising the amount of < that i.x*ndence placed by women evoi * where upon Dr. Hartman's Woi ior Famous l'cruna. For forty-f the years it has been a household re edy for coughs, colds, catarrh a sur- all catarrhal inflammation whctl THE HORRY HXRA1 , , .. . .Jii' .1.-. . in the Land Sell This Remedy ppetite, a feeling of lassitude and a ;eneral weakening of the system. It 9 then that you should promptly take few bottles of S. S. S., the great lood purifier and strengthener. It brill cleanse the blood thoroughly and uild up and strengthen the whole ystem. S. S. S. is sold by all druggists. Valuable information about the lood supply can be had free by writng to the Swift Specific Co., 2t >wift Laboratory, Atlanta, Ga. <011 who cashed in an endowment policy need report as income only that portion which exceeds the total jf the premiums he paid in all years >n that policy. Annuities* are not taxable, unless the person received in the year payments which represent, when added to all prior payments on the annuity, an -.amount greater than the original cost of the annuity. Dividends of unexepired life insurance policies are not tax- 1 able income; but dividends on paid up policies must be considered . income to the recipient, nor is it an allowable deduction on the part of the person, who pays. "From the-total of all items of income, there are certain deductions allowable by law. All interest paid an personal indebtedness and all taxes paid during the year are de- | ;luc. table, except Federal Income and ! Excess Profits taxes, inheritance | axes and assessments for local im- ' provements, such as sidewalks, sew- j ?is, etc. Losses incurred in business ?r trade are allowable, also losses irising from fires, storms, shipwreck or other casualty, or from | heft, in cases where such losses arc j lot compensated for by insurance or j Iiavuml'a T Acene 1 nnn ruit eL l<> / I. I 1 V I UVPOV/O 1I1VU1 JL VV4 VU | I )i' a persons' regular business arc [I illowable to the extent of gains reported from similar transactions rvithin the year. Debts due to the axpayer actually ascertained to be I verthlc^s during the year are de- j luctable. "Depreciation on property used in i profession, in business, or in. farming is another item that may be claimed as a deduction. The store- i keeper may claim depreciation on his fixtures, and on his delivery horses anci wagons, but not on his stock held for sale. The professional man ; may claim similar deducton on his instruments; and, in case of a physician who maintains a team or auto fov making his calls on patients, re usonaoio depreciation may ut cianncu The farmer may claim depreciation on his farm buildings, aside from his personal residence, also on his farm machinery, his work horses and farm wagons. The theory depreciation, in connection with income j tax, is that wear and tear caused by use in earning income is a real expense in the earnings of that income. The rate is determined by the number of years that the property ordinarily would be useful, and the cost of the property is the basis ol the computation. If the property suffering depreciation was bought or acquired prior to March the 1, 15)13, the market value as of that date is used, instead of the cost, in figuring depreciation. "Contributions or gifts actually made in 1918 to organizations operating exclusively for religious, charti ihle, scientific, or educational pur'>n<l lr\ <-. rw/->: ot ir>v.- Cr>l* t VlO nt'P volition of cruelty to children or animals, may be deducted, to an am<fum not exceeding 15 per cent, of the nei income computed without the benefit ? of this deduction. r "After the total of all incomes h ' found, and the deductions allowable i 1 y law have been computed as ai h; offset, the amount of income in ex [> cess of such deductions is the no y income, which forms the basis of th - assessment of the tax. ctioe (d (est all the Time is the Chief Business of the Blue Grass Belles. icret of Their Beauty that is responsible for the Kentucky K, she proceeds to get well. Possessed lal charm and attractiveness need not the secret. il- of (ho respiratory system, stomach la, ?r other organ or part of the body. f The recjrd of Peruna for nearly a half century is a startling one. 5" Thousands have discovered and to8? ls* tlfy to Its marvelous merit. Peruna (a sold everywhere. May he purI chased In either liquid or tablet ed form. Your dealer has it. Ask for ias Or. Hnrtman's well-known Peruna of Tonic. Do not accept a substitute ny or "something Just as good." insist upon Peruna. le- If you are sick and suffering from "y- any cause whatever, write The Pcrld runa Company, Dept. 7f?. Columbus, ive Ohio, for Dr. Hnrtman's Health m- Hook. The book Is free and may md help you. Ask your dealer for a ?cr Peruna Almanac. J>, OONWAY, 8. O. ii i J q-gg?g1 Who Ma] Is he a man If you wov three yeai ment of Sc RQ I Order Early F. S. HO Norfolk, Va. Richmor ton, N. C. Columbia, Columbus, Ga. "If every person in this District s will examine his 1918 income and his > allowable deductions, in line with ] dr.ta that 1 have given, he will know j beyond doubt whether he must file i his return when the blanks arrive, j And here is how he will determine ] j his liability to file a return. If he is < j single he must file if his net income ] was $1,000 or more, and this require- < j ment is enforced whether or not he is ] the head of a family. If he is mar- | ried, he must file his return if his net income, including that of his wife and minor children was $2,000 or more. I "I want to emphasize the coopeva- | tion feature of the collection of the Income Tax this year. The policy of the Internal Revenue Bureau is to aid taxpayers to meet the requirements of the law. We are going right to the people, not to swing clubs or j : to mulct the wage-earner of his savings, but offering every helpful govpcople to do their duty." ernmental function that will assist NOTICE. t Under and by virtue of a Decretal Order made by his Honor, John S. s Wilson, Presiding Judge, in the case Jof Conway Savings Bank against 1 Barney A. Hemmingway and others, and dated November 1st, 3917, the f' undersigned will offer for sale before r. the Court House door at Conway, S. jC., within legal saie hours, on the I first Monday in February, 1019: -! ALL AND SINGULAR those cerJ lain, pieces, parcels or tracts of land lying and being in Conway Township, County of Horry, State of South Carolina, containing in the aggregate, Thirty-two (112) acres, more or less, to wit: Tract No. 1: Containing Twentyfive (25) acres, more or less, lying on the West side of Pauley Swamp Road, bounded North by land (formerly) S. A. Causey; East by T. W Davis tract; South by (formerly) j Mrs. M. II. Beaty tract, afterwarcb | owned by one Proctor; West by iht IT. W. Davis land. The said tract be i?ift o e\f urhflf. i? lenown fl; HfS w v v* ? -- "Wilson Hill tract" and is the identi cal tract of land convoyed to Barnej A. Hemifigway by S. A. Causey, b: his deed of date .Tan. 1st, 1901, re ccrded in book LLL-page 121, Offici R. M. C. Horry County. Tract No. 2: "Containing Seven (7 acres, more or less, lying on the Pau lo*? Swamp Road about three (3 miles from Conway, and bounde North and North-east by lands c Presley Hemmingway; and on th East, South and West, by land known as the Ella J. Dusenbury lane 4 % kes Your Fe: who has spent his JOB? ild like the benefit s devoted to the >uthern Crops and i YSTER ITILIZ trade MARK -tiSbr REGISTERED. ' and Avoid Disap YSTEH OVA: id, Va. Tarboro, N. 0. Charlol S. C. Spartanburg, S C. Atk Montgomery, Ala. Baltimore, h ;aid tract being the southern or south ! western portion of a tract of I*resley Hemingway, and is where the house ind plantation of Bamey A. Hemming ,vay is located. The premises being all the land owned by said Barney A. Hemingway at the time of the exertion of the morigage, made by liim to Plaintiff in the pending I :ase, and his interest in the estate lands of Presley Hemmir.gway." Terms of sale, cash. Purchaser to pay for papers. J. A. LEWIS, Sheriff. ROBT. B. SCARBOROUGH, Plaintiff's Attorney. January 2, 1919. 3t o Baby. (A Twentieth Century Version.) Where did you come from, baby dear? I Straight from th' dressin' room into I here. Where did you get those eyes so blue? Them I was born with in ninety-two. What makes the light in them sparI kle and spin ? i Orange juice with a dash of gin. Where did you get that little tear? That's only sweat?does it make a smear ? 1 What makes your forehead so smooth and high? It's now cold cream I know whore to buy. What makes your cheek like a warm , white rose ? , My make-up box?but it seldom shows. ; Whence that three-cornered smile of i bliss? * I've been waitin' a month for a fec< like this. i * Where did you get those arms am V ) r- t i JIUIIUJ . - I wrap 'em up at night with tape? * and bands. / ' Feet, whence did you come, darlint / things ? - They grew that way dancin' bucl e an' wings. ) How did they all just come to be you' i- Soy, I'm not givin' no interview! ) d But why did you come to us, yoi if . dear? e You^vientioned "supper" an' so I'r Is here. I; ?New York Tribune. * \ rtilizer? i life at the 1 1 ^ . % V of thirty * lmprove3oils, use \ E I pointment. I NO CO. I f tte, N. C. Washing- I mta, Ga. Macon, Ga. I Hd. Toledo, 0 I NATIONAL GUARD DID GREAT WORK , I Y yi .'' it , General Heavey Praises Militia Performance of Our Men. Washington.?Hrig. Gon. John W. Ikavcy, acting chief of the militia bureau, recommended to the house military affairs committee that a rider be included in the army appropriation bill authorizing the secretary of war to turn over to the National Guard from the surplus supplies of the regular army equipment valued at $185,000,000. General Hcavcy said the general staff was in favor of transferring the supplies, but was without authority. He urged that the National Guard be maintained in the same form as it was before the United States entered the w.ar and that the increases in its strength authorized by the act' of June 3, 191G, be carried out. "The value to the country dining the war of the National Guardsmen J: can not be over estimated," he said. "At the time men were needed most the National Guard provided a force of 367,000 men ,and 12,123 officer^, They have done magnificent worlc, comparing most favorably with the ' forces of any other nation. The efficiency of the officers was proven by i the fact that of the entire number only 852 were discharged for inefficiency. "The militia bureau strongly ad- ' . vocates universal military training but believes it should be carried out . in connection with the National Guard." I rpL A. _ U T o -4SV4S1 ? ? i ne uci, or June .i, mm, provided I for 16 divisions of a total strength ot' 400,864, General Heavey said, but ^ because of the war the terms of the act were not carried out. r Piles Cured In 6 to 14 Days Druggists refund money if PAZO OINTMENT fails to cure Itching, Blind, Bleeding or Protruding Pile* < Instantly relieves Itching Piles, and yon can get restful sleep after the first application. Price Wc. ? The State warehouse system had by far the greatest year in its history. i? Congressman Lever has entered a vigorous protest to Secretary Baker 11 against the order of the war depart. ment prohibiting further promotions in the army..