Bemidji Daily Pioneer Newspaper, January 22, 1920, Page 7

£ THURSDAY EVENING, JANUARY 22, 1920, TAX YOU MUST PAY ON 1919 INCOME _ This Schedule of Rates Is for an Individual Entitled to the $2,000 Exemption—Heavy Penalties for Those Who Fail to File Returns, Rates pet. Lecrease Net Nor- Sur- ‘Total Pct.of From mal Tax Tax Income 1918 ...... e Ce e - P ek e I HH erNeRAWNN (1111 ] (L E R LR L L T T Y T T Y T Y o T N N N N N N N N T O N S O S O NP O - ¥ R8STTRALARBV2BRLTRRUBATURNRNRYYNY a 1 g 1000000 2 63030 083 1000 The first $4,000 of net income in excess of the exemption of $2,000 is sub- Joct to & normal tax of only 4 per cent, but all net income in excess of $6,000 is subject to a normal tax of 8 per cent. After the net income passes the figure of $5,000_ the graduated er surtaxes set in, and in the case of an indi- vidual with a.net income of $6,000 he is entitled to an exemption of $2,000, " Jeaving $4,000 which is taxable. He pays a rormal income tax of 4 per cent om $4,000, or $160, and as $6,000 exceeds $5,000 by $1,000 he is also obliged a tetal tax due the government of $170, 0019 F ‘0086 4 THE BEMIDJI DAILY PIONEEP REAL ESTATE REYNOLDS & WINTER 212 Beltrami Avenue Phone 144 B. A.. KOLBE GROCERIES The Best That Money Can Buy Corner Eleventh and Doud . Phone 657 FIRE INSURANCE PAGE SEVEN Bemidji Lodge No. 119, L 0. F., Beltrami Ave. and 4th St., meets every Friday evening. at 8 o’clock. THIS WEEK REGULAR BUSINESS C. J. Winter, N. G., Tel. 362J R. A. Hannah, Rec. Sec., Tel 719W e ————————————————————— | { | | il i DRY CLEANING Clothes Cleaners for Men, Women and Chilavem ¥ DRY CLEANING MO ¥ HOGANSIN GR Bo Day and Night Security Every hour of the day your records are safe if they are Ll GF Allsteel Safe also Pipes. each trust a sacred obligation. We fulfil our duties in an able, lignified manner. Our record for fair dealing is well known. Fairness in everything is the motto of this or- ganization. A. Brose TOBACCONIST 400 Minnesota Avenue Keeps the best stock of Tobacco in the Northwest, We do Pipe Re- GF Allsteel Safes protect ufitimt loss. That is their spe<' u 77 cific duty. Notonly fire, but pilfering and carelessness are prevented. . The interior of a GF Allstes] Safe can be with any of the For your Livery Gar || 2 s sy i s 8 Bl s usiness. Service and Courtesy Our Motto Ward Bros. Auto Livery GF Allsteel Safes are approved by the Underwritess’ Laburatories. Phone us your office furniture requiremeats. - = i Gl PIONEER STATIONERY HOUSE Bemidji, Minnesota Subscribe for The Ploneer. THE GREAT UNREST it is aggrevated and increased when you feel that your life is at the mercy of circumstances. The surest means of settling it is by carrying plenty of INSURANCE When your life is covered by a liberal policy, you feel as secure as a man can feel in this world of chance. Don’t put it off a DAY longer. . Come and let me show you some most attractive policies in one of the best companies. DWIGHT D. MILLER Northern National Bank Bldg. Office Phone 131 Res. Phone 457J Getting up into_the range of higher salaries, take for example, an indi- vidual with s met income eof $26,532.80. The tax on &u income of this ameunt comes in between the tax on a net income of $26,000 and $28,000. Mew, the schedule gives the tax on a net income of $26,000 as being $3,070. fPhe amount in question exceeds $26,000 by $532.80, and this amount is sub- Jeet to a total tax of 20 per cent (normal tax of 8 per cent and surtax of 12 per ceat), or $106.56. This $106.56 added to the $3,070 tax on $26,000 makes the individual in questien subject to a total tax of $3,176.56. For a single man (whose exemption is only $1,000), whose salary ranges between $2,000 and $5,000, an addition of $40 must be made to the total tax Q shown im the above table. i \ For each child under eighteen years a deduction of $8 must be made from the total tax shown above for iacemes ranging above $2,200 and up to $6,000. Frem $6,000 upward $16 must be deducted for each child under eighteen years. : Heavy penalties are imposed for those who fail to flle their returns be- | tween January 1 and March 15. The full tax may be pald in full at the time T of fling the return, or if it is desired to make the payments in four install- ments the first must be pald by March 15, the second by June 15, the third by September 15, and the fourth by December 15. The period for which the in- ecome tax is assessed Is the calendar year of 1019. Every person whose inceme equaled or exceeded $1,000 for single per- sens or $2,000 for those who are married must flle a return regardless of whether the income is large enough to require the payment of the tax. Taking the Chase Out of Purchase Advertising benefits the man who buys as well as the. man who sells. It is part of the Golden Rule of Busi- \ BABY'S CRIES SAVED SEVEN Lead te Discovery eof Broken Gas Main in Street In Ontarie Town. Napanee, Ont—Billy Towling, aged six months, helped to prevent asphyx- fatien of sevem older townsfolk, six of whem had been overcome in three houses flcoded by gas escaping frem s frost-fractured maia. Osies which came frem Billy’s erib ot 8 . m. reused his father, whe de- teeted a smell of gas and found that s wife and anether child had been evercome. Hurrying across the street for & physicias, be found the docter, Wi wife and their maid also uncem- MERENSKY NOW IN ‘BEANERY’ Forwsor Russian Leader Said to Be Werking In London Res- faurant. Gregery Zilboorg, whe says he was Kerensky's secretary of labor and who spoke here last night at the intercol- legiate socialist convention. “The poor fellow is down at the heel,” he added. “He 18 in the same boat as I am.” - ——— MARY’S THIRST EXCITES CITY New York Firemen, Police and Pa. trol Rushed to Spot Where She Awaits Whisky. New York.—Two hook and ladder companies, three engine companies, four deputy and battalion fire chiefs, R’ wagonload of police reserves and an insurance patrol were sent dashing through the streets of the upper west side, all because Mary Behn, aged forty, wanted a drink ef whisky. Mary explained that she paid $5 to a bootlegger for a quart amd thst he failed to produce it. She could not find a policeman, so she decided to ring for one, but pulled the fire alarm box by mistake. Sho was given a drink of water in the po- Hee station and a charge of diserderty eomduct was lodged agaimst her. 94,334 Restored te Womaa. Sharon, Pa.—Police one aftesmesn receatly recovered $4,594 lsst a week 8go by Mrs, George Drzarmiak of Sharpsville street. It was seported that a ten-year-old girl had picked wp. a package near the place where Mrs. Drurniak had been standing when she lost the money. The police today questioned a girl, who admitted hav- ing picked up the money. it was foumd in a coal house hidden im a box ef apples. The child said that her par- ents did not know that she had it. The money was restored to the ewnee. 4,900 o e 13, 73,000, . 000, . 98,000 50,000.. . 200,000. . the duated er surtax of 1 per cent on this amount, or $10, making orsd o as shown by the schedule. ness and it works both ways. Don't miss the advertisements in this newspaper. Many of them are interesting just because of their news and educational value alone. But more than thét: Advertisements take the‘ chase out of purchase and make every penny do its full duty. This last statement is one particularly to be remembered when common-sense economy is not only a national duty, but an individual necessity. DON'T MISS The ADVERTISEMENTS