INCOME TAX
FOR 1910 WILL
NET BIG SUM
SAN FRANCISCO, Jan. 21 <l>y Assn
dated Press i. In working out for the
first time several concrete examples
as to the extent to which corporations
and individuals will be railed upon to
help meet tin- war expenditures by
payment of taxes on income and prof j
its of the calendar year 191s untier the ,
terms of the new revenue law about |
to tie enacted. Collector of Internal
Revenue Justus S. Warden today said
that he had heretofore fully realized
the unprecedented scope of the taxes
about to he collected to bring in the
$0,000,000,000 contemplated by the
framers of the bill
Total internal revenue collections in
1917, for the entire country, reported
at th.' end of the fiscal year, June 110,
191S amounted to $3,694,703,OUP, of
which $2.S29.o83,llOO came from income
and excess profits and $855,619,000
from a multitude of miscellaneous
sou rues.
t'udcr the terms of the senate bill
the married man or head of a family
has a $2.mio exemption. A single per
son has an exemption of $1,000 only.
For each dependent chilid a married
man get . an exemption of $200.
The normal tax is 6 per cent on the
first >1.000 of income above exemp
tion l-'or a married man with no chil
dren tile rale is therefore il per cent
on any amount in • xn ss of $2,000,
and not in excess of $6,000, ii is 12
per l Cllt ill excess of $6,000.
In the case of a single person whose
exemption is $1."00. lie- tax on an in
come of $2,000 would lie $60. as against
$20 under the law of 1917; on an ill
come of $3,000 lie pays $120, as against
$40 in 1917, and oil all income of j
$:>,0tlu lie pays $21o. as against $SU in
1917
Income up to $.7.iioii is exempt from
surtax On income in excess of $5,unn
and not in excess of $6,000, the rate is
out Tile rate then advances 1 j
(,ei ceil! for each additional $2,000 up
in jiiia.i so that ii runs 2 per cent
I,-on, $,;., in $x.ooii, 3 per cent from
$9.mio in $10,000, ami so on. Above
sion.iiio the advances are irregular
hut climb rapidly.
Tabulations made with reference to
net income a,t WardeU’s office showed ,
that a person with a net Income of
will have to give up $1,088,
e;:o to fhe government, while a tax
pa>• with net income amounting to
<) im ... iiimi will !»• called upon to r«*
11:.<i 11 i 1 >7e;;.ii;:c The man with an
itu'uii 1*' nf •' ,i>o."i"i will 1"• liable to a
tax ot ’• «• . m-t im •< ..•> of > hie.
■■on i ! ; ii' -• in j. . jif-t i. .-!> v. ill pa>
$ 17 '..e .M i n i > 1" I *
' . • r : i ’. i;• ,i r. • n >! t. ■ b t .1 \»>d
t '1.11< »■ V : I- 1 , 11 .it itnli v i 1
• ml |ui In : pa> ■ \ on .11 p.irumr
•dug i . -* 1 » f 11• !i slmr«• -
.1 - . • !i " It.* It otn of h* V
O it Vi > ■ -
■ i '; > 1 mu!" . 1 '■
*1 ■ * r .. Tii
1 I t ... I 1111
ill !: ' ■ i Ml" 1. ■
> ■ , n ■ s ' mi r ;in p.irl
p.-uaft i< . ni'"
!. ■ '- r I" 1 mil
. Ii< y111111 !"i;i;i
: '1 l" i I t’!' Is ing
1 in 'i..i lax cm ter
mo- 'I . M l! I'.il"
■ 1 1 -i 11..- 11 1 i'.'.mn' 1 •
-I’i- 1 !• ■
\t" :: • I ■ ■ • 1 !. - ■ - i -
: ..p i .I *■ • 1 i-a ail ill plii ' a
1,■■ ’ " II.. \. : ..in! tin
: ' . 1 !• .“ < "HI nr C.
' !'■■ I 111 V.ar , pi nlils lax
i" ■ 1.11 i .1 I In 1 •• i jii. ipus* i| 11 for
nil. . Ill'll Will |. .jilirn 1 • \ 1. 11.1.1 ex
.ai a in iln- it rluiir in tin itx
■-rag" r.‘ dec.
"A v uni, n i . nf ||n> 1917 lax
■iitiili’. with iln- proposed applina
in n 1 1 v, nurpi.i- ii inns nf I i Kn cap
ital uni 1111 min- . ill. however, give
sum. 1 him-, a an idea of tile snip.- nf
tin- nnw law.
‘ Last Near the concern with a cap .
iial of $ I AT,0,00(1 anil a net profit of j
$375,000. with a pm-war capital aver
aging $1,(111(1,1111(1 anil with a not profit
average of $2,00o,iloo, paid (Including
tile 2 and 1 per cent taxi a total tax
of $97,817.50. I'mler the proposed
law the tax will he $183,148, about
double the tax of last year, and about
5n per cent of the net income.
"A concern with $100,000 capital
ami $25,000 net income, with pre-war
capital of $80,000, average Income $10.
000, paid $-1.88! under the old act,
while the new act imposes a tax of
$12,016 were it not for a provision
which limits tax on smaller corpora
tions and allows them to deduct
slightly, thus reducing the tax to
$10,708.
' Again, a corporation with a capital
of $00,000, income $10,000, and another
with a capital of $25,000 with the same
income and no pre-war experience,
under the old law with an S per emit
exemption, the latter concern paid no
excess profits ttix whatever, being sub
ject only to the 0 iter cent rate, at
which the tax would be only $600.
while the concern with only $25,000
paid an excess profits tax of $2,887.50
and the 0 per cent tax, $450.75, or a
total of $2,844.25 The smaller cor
Iteration's liability, computed on the
regular schedule under the new law.
would be $2,000, were it not provided
that the tax shall in no case he more
than 20 per cent of the amount of the
net income in excess of the specific
exemption of $2,000, whenever such
income is not in excess of $20,000. This
would reduce the tax to $2,000 (20 per
cent of $7,000). Adding this new in
come tax (12 per cent in excess of ex
emption of $2.()0o i. $708. makes the
total tax $2,808, which is a less amount
than paid in 1017."
A
BOLSHEVISM
IS RUINATION
OF RUSSIA
AMSTERDAM. .Ian 21 (by Associ
ated Press) The live cardinal points
of Bolshevism, according to M. Ouden
dyk. formerly Dutch minister in Pet
rograd. are as follows:
One High wages.
Two Don’t work.
Three Take other people's prop
erty .
Four No punishment.
Five No taxation.
Said Mr Oudcndyk:
• I wish to give a solemn warning
to the working classes of all nations
against the high falutin notions which
I have seen in Russia. Bolshevism. I
say without exaggeration, is the end
of civilisation. 1 have known Russia
intimately for twenty years, under the
old regime and under the new condi
tions Never have the working
classes of Russia suffered as they are
doing at tin* present moment, notwith
standing all that the present so called
ruling class's in that country choose
to fill tli« world.
'The hulk "i the workmen in Re.;
si i ar today far and away \. orse
oil i h in i In \ < ver have been, an 1 the
state ol unemployment is simply ter
libb Wli' ii l left Petl'ograd tile -it
a: ' ion .. or., ofutt er si . v 11 ion and
lie : |i* m. '• hardly knew ho limy
. ■ i • • ■ t through the follow im da •
W'h i ■ . a Ilol h* \ ism ra'e s th t;i
i i• >n ha 1«. en l-.-aten t<» pulp and is
h< i !■ Th - I Mure to me seems
hep. h «) i: • tb :ng i * ••rtain that.
. , a 1 • ■ i me. . Ru da will be in
-late of utie:- and complete ruin.
• Fart, re an at a land- till ami
11• n . . .lie 1. and. V- ilboijt lie* add
ol ! 11r. i-u . . pi’, 1. they ran i, Y* r be
• i\, | never n-mi n!' dreamt
■ i th.- ] • • ! i'; v of : well cornipt ion.
Id. : ft > on as !hen* i in Ru
via at 11." - r> :.r moment.
• i • w orRumu ow beg in
' . 11. , i ’1»e r. gime of F."I 11ev i ;a
r, o ! a jo ildy last. Tin whom
a : 1 i mu t .: ! slimil«b r t o heal
■ i"r o that ' ’it o' the ruins sonmibin.
aia \ ■ n .. it p< i onally 1 know not
wha t
♦
MEXICAN LABORERS
PAWNBROKERS’ VICTIMS
11, I’ASti, .Ian. 1M (by Associated
I’l l-' i Wliil ■ hero \\ it It General
No', "ii \. Mil" . General Anson Mills
presented to iln* city of El Paso tin
volumes of original manuscripts per
taining to tin. early history of El Paso
ami the lower Kio Grande. Included
in the gift was an original map of the
lirst survey made of El Paso by Gen
eral Millswhen he lirst left West
Point. Tlio map and manuscripts were
given into the hooping of the Univer
sity club.
CRACK POLICE
OF CANADA TO
RETURN NORTH
KKdlNA. Sank.. Jan. 21 (by Asso
ciated Press). Canada's Scarlet
Riders.” the Royal Northwest mounted
police*, who left the Dominion to fur
ther distinguish themselves on the
battlefields of France*, are to be re
organized on a pre-war basis, accord
ing to an announcement by govern
ment officials.
Squadrons of the famous rid* rs who ,
for years have* patrolled the prairies,
mountains, forests and Arctic wastes
of Canada, will be returned from over
seas and permitted to rejoin their old
force, which will 1m* recruited to a
strength of 1,200 men.
Regina will continue to be general
headquarters, and the territory policed
will extend from Port Arthur to Rrit
ish Columbia and far into tie vast
stretches of tin* No Man's Pan I of the
North District headquarters will In*
re-established at Winnipeg. Regina.
Prince Albert. Lethbridge. Fdmonton.
Vancouver and Dawson. Outposts
will he established at Marleod. Rattle
ford. Maple Creek and Peace River.
As the war progressed, members of
the famous band who had fac* d death
innumerable times by daring da-dc -
into tin* wilderness after criminal.',
one by one dropped out to join tie
overseas forces, until the organiza
lion had all hut disbanded. Official
reports have shown that the> eonfin
ued tie ir : it r« p. . « x; loits in tlie w ar
zone.
(Io\ernmc*nt officials have said that
the history of the "Scarlet Riders” is
also the* history of law and order in
the Canadian Northwest. The proud
claim is made that the horsemen have
never failed to .account for a criminal
after unci' taking the trail, it has
not always been possible to bring back
the man alive, however, and in each
of these eases a formal notation is
made telling where* the body is bur
ied.
The records at headquarter:-, which
teem with thrilling adventures, show
that on more than one occasion a sin
gle officer rode into the Northern wil
derness, used dog teams to penetrate
still farther, and then "mushed” to
his destination to arrest ax.Imlian or
Eskimo who had killed n urn tic man
or tribesman. Now and then a fugi
tive shot first, and with true aim
Rut official records show that no
criminal who murdered an offic er ev«*r “
escaped the vengeance of that offi
cer's comrades.
PRINCESS OF JAPAN
TO WED KOREAN PRINCE
T< >K H ). .Ian. J 1 i by \ -set dated ‘
I ‘I n- ■ i. The ss» ldiug >i i Tiin |
Ala al.eldest daiightei el i*; iin •
.Na.'hinn'io, \\ i i li I'hihv Vi Jr ;
younger brother and heir ihe tm
liter king of Km a. is 1.> 1. , .. . i I
vs ithin a l* s\ mouths. '1 li n.n : .
I>« l \.. - n Hi prim •> nii ■ i i ■! : . r
Kt ,« - * ■ ■ n . :» ■ ss ,i i i v
hr l in a in • < i ..i;t11 «m . n. m I*
I s. < • i. a member eu lit ■ J . >
;»• i:.l family and tin 1<
nf Km; . a m (li ■ In do...
j«!' nos*, amalgamated ; » me
h; J;: pan’ a !!!!•■ •. •
* -.ml ry. has nei it aled i. r
s ion <>r addit i «tl to th ■ .
I if imperial hou.^e law.
In oh • i van. « of :,, i. i.
eilang1 • Iti tin* lass .... .
' 'el"n the . ain't aa: • i : V
am e. in tin impel i.n v. nil*
appr» j n• .Shir/o . • : i
tin name time similar n \ser<
tiimiil ted to th-- irami >1
lie die;" -d In the J* land .1 ’ ! i.
imperial house, and tin i. ... m
tin* first emperor of Jan | ih
late Kmperor Ah iji.
The wedding c eremony 1 , be , .•!«
hrated at the Knsumiga. . m detach* I
palac e- in Tokio in pure Jap. : . style,
according to tin* timehoimid rode of
ceremonies observed in tin- Japanese
imperial court. After tin wedding
the bride and groom will proceed to
tin* imperial palace and haw audience
with the emperor and empress. The
honeymoon will be spent in Korea.
-+
Head the* Daily Times for the latest
j and most reliable world nows.
I
V
:'i
*.>
Mr. Business
Man
X;
By the recent addition of many new §
type faces and other equipment we have
made of our JOB DEPARTMENT one
of the finest in Alaska. We are now in
a position to handle your orders with |
even more neatness and dispatch than
before. How about that order for sta
tionery you were wanting right away? §
Just step to the phone and call us—
we will do the rest.
Prices? Well—, you will find them
always RIGHT.
I Rocks—Sulphurous Waters—Oils
MINING MACHINERY j MARINE - HARDWARE CANNERY SUPPLIES
Harmon machinery gimp any, inc.
CORDOVA. ALASKA