New Britain Herald Newspaper, December 31, 1917, Page 5

OIN CLASSES Open Saturday Evenings from 7 to 9 - ATHERING TAX BI’EINS 3 TOMORROW n, Dec. 81.—The 'great thering income tax end ex- 0 returns will begin v{ith m Year tomorrow. . unmarried person earning tl.n $1,000 during the last year anhd person or head of made mors than $2,000, 'eard even es are d I” he ad- - in his art ;‘td disappoint b not see- is truly picture. UR _CHRlSTMAS - SAVINGS $ .50 per week for 50 weeks totals $ 25.00 plus interest 1.00 per week for 50 weeks totals must file with the Internal revenue collector of his district a report any time between tomorrow and March 1. He will be notified before June 1 of the tax due, and ‘plym!nt wil} be due by June 15. The government expects ta receive $1,201,000,000 from income taxes be- fore July 1, Including $666,000,000 from individuals and $535,000,000 from corporations. This is more than one-third of the $3,400,000,000 esti- mated receipts under the war revenue act passed By Congress at the last session, From excess profits taxes, the gove ernment expects to realize about $1,- 220,000,000 before July 1. The rate of tax for & married man or the head of & family is 2 per cent. on the amount of his net income ex- ceeding $2,000, but less than $4,000, and 4 per cent. on the amount of his net income above $4,000 but less than | $5,000. An unmarried person not the head of a family will pay 2 per cent. on the amount of net income above $1,000 but less than $3,000, and 4 per cent. on the net income above $3,000 but Jeas than $5,000. An extra levy, or surtax, in additien to the normal tax, Is imposed on in- comes above $5,000, so that the nt of income between $5,000 and 37,500 is subject to a total income tax, including beth normal and extra, of 5 per cent; and between $7,500 and $10,000, 6 per cent. The surtax turther increases with higher incomes, so that amounts of $1,000,000 are tax- able at 65 per cent, with one per cent. additional for each half million up to two milion dollars. All' in- comes over the latter amount are tax- ‘| able at 87 per cemt. i ., Typical income tax levies on heads of tamilies as follows: Income of $2,500, tax $10; income of $3,000, tax i $30; income of $3,600, tax is $80; income of $4,000, tax is $40; In- come of $4,500, tax is $80; income of 36,000, is $80. . Unmakried persons would pay in this way: Income of $1,500 tax is $10; income of $2,000, tax is $£0, In- come of $3,500,"tax is $30; Income of $3,000, tax Is $40; income of $3,500, tax is $60; income of $4,000, tax is $80; income of $4,500, tax is $100; income of 5,000, tax is $130. Taxes may be paid in four install- ments between now and June 18, if this arrangement is preferred, but the ‘Treasury will open a determined cam- palgn soon to encourage persons to pay thelr tax in full immediately, and receive interest on thé advance pay- ment. A small trmy of acoountants, es- pecfally trained for the work In schools conducted by district collect- ore for the past two weeks, will go into the fleld deginning Wednesday to assist persons in filing their returns, and will travel on pre-arranged itin- eraries for a month or more. In addi- tion, federal agricultural agents and representatives of state and county councils of national defense have en- listed 'in the campeign of education. By this extensive campaign of educa- tion, Internal Revenue C¢mmissioner Roper hopes to eliminate the chances of failufe to file a return through iz- norance of the requirements. In, fact, officlals in charge of the ASK FOR and GET Horllck’ Malted Mllk Substitutes Cost YOU Same Price. tax-gathering machine expect to elim- inete the usua] grudging spirit of tax- payers. They ® called this a “Lib- erty Tax" because its proceeds go to the same war cause as the Liberty Bond issues, and every effort will be made to encourage the spirit of will- ing giving among those on whom the tax falls. , About 7,000,000 persons will pay income taxes, it is estimated, and most will be subject to a direct fed- eral tax for the first time, for less than 600,000 paild income taxes last year under the old law. Tax return®forms slmple as possible, of less than $3,000 being especially free from technical features or inquisitorial items. Corporations will pay income taxes also, but on a different basis. Their net income is subject to a tax of 6 per cent. under the new war revenue act, and certain techgical deductions are allowed. Corporfition returns are due between January 1 and March 1 for the calendar year 1917, and companies operating on & fiscal year basis must -report within 60 days after the end of the fiacal year. Beginning tomorrow, also, excess profits returns for the year 1917 will be recelved from corporations, part- nerships and individuals., The last date for the flling of these is March 1, the same as on incame returns, and payment must be made also before June 15, except under the flacal year arrangement. ; Individuals making ‘more than $6,000 during the year alyo are subject to an 8 per cent. tax on their income above that amount, independent of the regular ir:come taxes. This 8 per cent. levy is imposed on individuals with no capital, or with only naminal capital, sucH as professional men with money invested in books, dentists’ and physi- clans’ instruments, or other equip- ment. Another kind ot tax is laid on ex- cess profits of business having invest- ed capital. On this basls, taxes on net incomes or profits in excess of certain deductions are at the rate of 20 per cent of the amount of net income in excess of the deduction and not in ex- cess of 15 per cent. on the invested capital: 25 per oent. on the amount in excess of 15 per cent. and mnot in eXxcess of 20 per cent.; 35 per cent. on the amount in oxcess of 20 per cent. and not in excess of 25 per cent.; 40 per cent. on the amount in excess of 25 per cent. and not in excess of 33 per cent, and 60 per cent. on the amount in excess of 33 per cent. Before a tax is levied on excess profits for 1917, a business is per- mitted to make the same percentage af profit on its invested capital that it mede on ith invested capital during 1911, 1812 and 1918, the so-called “pre-war"” period, providing this is not more than nine per cent., and $8,000 additional for a corporation or $6,000 for a partnership or individual. These are the deductions which are not tax- able. Definitions of terms, particularly the items making up “invested capi- tal,” have been made in a number of recent regulations issued by Commis- sioner Roper. Fixcess profits taxes and income taxes may be imposed on the ‘same earnings, if they ara sufficiently high. The law specifies, however, that the amount of tax payable under the ex- cens profits provision may be deducted from gross income before determining the net income on which income taxes are paid. MAPLE HILL WOMAN’S OLUB. |' There will be a meeting of the ‘Woman's Literary club of Maple Hill, ‘Wednesday afternoon, at the home of Mrs. J. T. Hart on Thompson street. Miss Annte Goodsell will read a paper on the early history of Russia. Mrs. S. B. Bassett will read a paper on English poets. Mrs, Hart will be as- sisted by Mrs. L. L. Clark and Mrs. G. E. Root. A large attendance is ex- pected. Scout Executive Dwight E. 8kinner has announced that another Boy Scout troop will be formed in this city. Theé total number of troops is now 18. It {s thought that the new troop will be one formed amowg the pupils of the Sacred Heart Roman Catholic school. Happy New Year Ne've had a good year and hope you have. Ws hoping the next will be better. We want to thank you— our customers—who made it are dissatisfied with any But whether you have or ible for us to enjoy such a good made here during the last LL US, that we may make things ‘want to begm the New Year Squ;re With Everygody 50.00 plus interest S —— CLUB $2.00 per week for 50 weeks totals $100.00 plus int 5.00 per week for 50 weeks totals 250.00 plus. intés OURS IS THE ONLY CLUB IN NEW BRITAIN THAT PAYS INTEREST Assets $1,000,000.00 THE COMMERCIAL TRUST COMPANY LAYING THE FIRST KEEL IN A NEW GOVERNMENT SHlPYARD Scene during the laying of the first keel in the big new xovernment ship- yard at Port Newark on Newark bay. There are to be 28 shipways there and at the south end will be docks where e the vessels when bullt will be moored while they are being equipped with il machinery. FIGHT, OR COME HOME’--ENGLAND Eovoy Arrives in America to Complete Drait Agreement New York, Dec. 81.—One of the most interesting questions that has engaged the attention of Great Brit- ain and the United Stgtes since the latter country entered the war is the reciprocal draft. Public attention is once more focused on this subject by the arrival in the United States of Bir Frederick Edwin S8mith, the at- torney general of Great Britain, who is here to put the finishing touches on the tentative agreement between the two countries before it is submit- ted to congress for approval. “Great Britain,” saild Sir Frederick, ‘“has made arrangements with prac- | tically all of her allies, whereby Brit- ish subjects of military age may be ESTHER CLEVELAND TO WED BRITISH OFFICER e The engagement <~ =ather Cleve- | land, daughter of ferller President Cleveland, to Capt. Bosanwet of the Coldstream Guards, has been an- nounced in London. Captain Bosan- quet is & son of Sir Albert Bosanquet and has been decorated with the &« - tinguished service order. Miss Cleves tund went to London in June, 1816, after having qualified as a nurse and instruetor of the blind and took up work as 8 volunteer a St. Dustan’; Homie for Blinded Soldiers. i returned to their own country, with the exception of thoso who have al- reldy volynteered for military serv- ie s the hope of the British gov- xrnn\ent to mako a similar arrange- wment with the United States so the United States who is in good physical condition and of military age may serve his country. The people worth while in Great Britain are determined to seo ;this war through to a victorious conclusion, and there is no reason why every Brit- isher and Canadian in the United States should not do' his part, pro- vided he is able to do so.” U. 8. May Conscript British. The proposed draft convention be- tween the United States and Great Britaln does not give England the power to conscript her own subjects in this country, but it permits the Amer- ican government to conscript British subjects of war age, that is, from 18 to 41, provided they do not volun- tarily enlist in the British or Can- adlan armies. As soon as the draft convention is ratified by congress— and apparently it has to be thus rati- fled—notice will be given to all Brit- ish subjects through the press, etc., that they will have sixty days in which to enlist in the British or Canadian armies, and if they fail to do so they will immediately become subject to draft into the American army. If they desire to claim exemption, they must appear before the British and Canadian Recruiting Mission, or elso take their case to the British ambas- sador in Washington. If the ambas- sador exempts them, they will be ex- empted under the proposed act from conscription in the American army. Mission Has Names of Eligibles. The British and Canadian Recruit- ing mission has the names of all Britishers &nd Canadians of American draft gge, but still lacks the namgs of those between 18 and 21, and between 80 and 41. “If the act of congress em- powering the president to draft Brit- ¢shers between those ages be passed, there will be no immediate way of reaching them except by public.notice in the press. However, the mission | has considerable information on this | subject not possessed by the federal government. ' This information been secured from various states which have a war census under which Tegistrants between the ages of 18 and 50 have been campelled to give com- plete information concerning them- selves. Furthermore, the mission, through its numerous branch recruit- ing offices in the various parts of the United States, has been able to secure many local lists of Britishers between 18 and 45. A well-knowa Britisher | who has spent many years in the United States, and who requested that his name be withheld, said that he did | not belleve congress would send to | Great Britain or Canada Britishers or Canadians who would decline to vol- [unteer for military service. However, if they are of American draft age, they will be compelled to go into the American Army {¢ they do not enter i the army of Great Brital! 1~ wmajust that Britishers between 18 and 21 and 30 afid 41 should be draft- 1 ed into the American Army ' when there 18 no c ulsion for Americans of those ages, it must be remem- bered that in: and every man be- tween ‘18 and ‘41 is conscripted and has only exempted for physical unfitness or because he is required for an essen- tial industry. Therefore, the British- ers in this country will certalnly be no worse off than the Brlu!hefl in, England.” A separate convention will be made probably by Canada, because the con- scription age is differeiat in Canada and only runs from 20 to 34. The draft of Britishers between 18 and 41 only applies to Englishmen, Scotch- men and Irishmen. CITY ITEMS Goldenblum’s 1st anniversary ulo to start Thursday, 9 a. m., Jan. 3. Come early. Tremendous bargains. advt. Fritz Klambt has been nrdarad to Newport where he is stationed with the Naval Reserve. Last chance to join New Britain National Bank | Christmas Club to- night. Open 7 to 9 p. m.—Advt. REGISTER GERMANS WEEK OF FEB. 4 Half Million Must Give Up Copies of .Finger Prints & ‘Washington, Dec. 31.—The week of Feb, 4 has been set aside by the De- partment of Justice or registration of the half million unnaturalized Ger- mans in the continental United States | by police and: postmasters, in pur- suance of President Wilson’s enemy alien proclamation directing this ac- tion as a means of imizing the | ways of danger from enemy pathigers in the United States. ° Tarlier plans for holding the. ratll- 27 MAIN ST tration in the gradually extel country were avold registration’] trict to district. Registration ering of. detdiled ing the business of every German, § photograph and fis registering, he mu card, and may not ¢ residence without lice or Postmanter. regulations will b ternment for , The ord distinct value to officlals down enemy plots and ' pi and in discovering what bear closs watdhing. | The be great in cities wherp th population {s large, and new and citizens will be asked Reglstration plans will be er for the Philippines, -Ha: Panama Canal Zone, Ala Islands, Guam and Samoa. million registration bianks ani forms are being prepared by partment” of Justice and willy tributed within the next: fe' . The registration ig under the. tion of John Lord O'Brian, ‘s assistant to Attorney General ory, and a staff of lawyers Lo for war work, CLIP THIS AND PIN . ON WIFE'S DRES ) ——— 7 ause style decrees that and buckle up their d in high heel footwear they auffer. corns, then they cut and trim at i painful pests which merely m corn grow hard. This sulo m may cause lockjaw and wo! warned to stop it. A few drops of a drug calle one applied airectly upon a gives quick rellef and gpoon corn, root and all, lfts m* pain. Ask the drus stors quarter of an ounce of 1 casts very little but is Noient Wi move every hard or soft mn from one's feet. 4 This drug {8 gummy Dut 2 a moment and simply’ corn without inflaming or aves tating the lurmundln‘ give yu tion, but what's the nse! It you more than & jar of Re shouldn's be noarly as sure ey that time [ bave Med"'zt have always come hek n Anow that Rk generally heals the eruptios contains ‘which could skin, Yonelnuuhrum ‘“Na doubt, some pevple will think