Newspaper Page Text
(Continued from page One)
unflagging to get such a statute on
The resolution by Senator Chris
tensen for a joint committee from
the two houses to study the state tax
problems and needed legislation and
to report back next session with rec
ommended measures was passed af
ter considerable debate in the house
Saturday. Expenses are limited to
$1,000. The president of the senate
appointed on this committee: Sena
tor Christensen of Beaufort, Senator
Laney of Chesterfield and Senator
Marion of Chester. House members
are: Berry of Orangeburg, J. B. At
kinson of Spartanburg, Lide of Mar
ion and Buckingham of Aiken. The
following are the provisions of the
Christensen resolution :
"Whereas, it has been found neces
sary, in order to meet the legitimate
needs of the state under present
economic conditions, large to in
crease the tax levy for general pur
poses, and in addition thereto to levy
a special tax for road purposes; and,
"Whereas, these increases tend to
accentuate and aggravate existing in
equalities in the assessment of prop
erty for taxation as between individ
uals, thereby adding heavily to the
burdens of the honesty taxpayers;
Some Escaping Taxation.
"Whereas, it is a matter of com
mon knowledge that a considerable
proportion of the taxable property
of the state is now escaping taxation
and, that methods and sources of
raising revenue now generally re
sorted to by other states are not in
use in this state; and,
"Whereas, it is believed that wisely
considered changes in our laws that
would tend to rectify these condi
tions are of vital importance to the
people of this state; therefore,
"Be it further resolved, That a
joint committee, composed of three
members of the senate, to be desig
nated by the president of the sen
ate, and four members of the house
of representatives to be designated
by the speaker of the house, be ap
pointed for the purpose of making a
thorough investigation and study of
the subject of taxation in South Caro
lina and of suggesting and recom
mending for the consideration of the
general assembly at its next session
such changes in laws and such legis
lative measures as in the judgement
of said committee will best serve to
correct existing evils and to equalize
and lighten the burdens of taxation
in this state.
"Be it further resolved, That said
committee be authorized and directed
to call in consultation members of
the tax commission of South Caro
lina, and that said tax commission
he and is hereby authorized and di
rected to place at the disposal of said
commissioner's office and to cooper
ate with and assist said committee in
the performance of its duties.
"Resolved further, That the report
of said joint committee be published
and mailed to each member of the
general assembly 30 days in advance
of the next meeting of the general
assembly. The expenses incurred by
this committee shall be paid out of
the state contingent fund and shall
include actual expenses of the mem
bers of this committee while engaged
in their investigation and such steno
graphic work and other expenses as
may be hy this committee deemed
Just prior to adjournment yester
day Governor Cooper sent the follow
ing message to the two houses, in
which he thanked the members, for
their cooperation in the legislative
program, his gratification over the
character of legislation enacted, and
?.extended his best wishes for happi
ness and success at home:
"I have the honor to inform you
that I have signed the general appro
priation act and I have no further
messages for your honorable bodies.
"In this final crmmunication to the
-general assembly jf 1920, permit me
to express my gratification at the
character of legislation enacted by
you. The numerous educational acts,
increases in the pay of county super
s intendents of education in various
. counties, the roads legislation and
mieasures of other nature indicate
state progress of the most wholesome
kind. You have engaged in construc
tive labor, and the result is such that
the session now closing will be long
and favorably remembered.
"For each of you I wish much suc
cess and happiness."-The State
McCravy Brothers Again.
. The Furman Quartette, headed by
the McCravy boys, will jrive an en
tertainment under the auspices of
the Baraca Class in the Opera House,
Thursday night, March ll. beginning
ai o o'clock. Give us a full house.
Not only will you be highly enter
tained, but you will have the satis
faction of knowing that the proceeds
v : ! v-e appropriated to a good cause.
Every Person Who Had Income
in 1919 Must Determine
MARCH 15 LAST FILING DATE.
Surest Way ls to Follow Form 1040A.
Free Advice in Doubtful Cases.
Severe Penalties in
Nobody ls exempt from Income Tax.
An obligation is laid directly on the
shoulders of each citizen and resident
to consider his own case and to get his
return in on time if one is due.
I With each return showing a tax due
a payment must accompany the return
in the full amount of the tax or at
least one-quarter of the tax.
All returns for 1919 nfust be ."d on
or before March 15.
Must Show True Figures.
In figuring up his earnings'for In
come tax purposes a person must take
into consideration all items of taxable
income, and each Item itself must be
accurate in amount. Guesses and es
timates must be avoided, for the re
turn is made under oath.
Everybody who had an income dur
ing 1919 must now determine whether
his or her net income was sufficient in
amount to require an Income Tax re
turn. The best way to find out is to
get a Form 1040A and follow the in
structions printed on it. That form
will serve ns u reminder of every item
of income; and if a return is due, it
tells how to prepare and file it.
One of the important points to keep
in mind is that a person's net income
is found by a computation prescribed
in the law, and that each item of in
come from every source must he con
sidered, unless .specifically exempted.
Another thing to remember is that
rh?, personal exemption allowed tax
payers by law has no relation whatever
to the requirement to file return. This
exemption Is not to he considered until
a person has figured out his net in
come and determined whether it was
sufficient to require fcim to file a re
turn. Then, if a return must he tiled,
he should read carefully the instruc
tions for claiming exemption, and com
plete his return.
If in doubt on any point as to Income
or deductions, .a person may secure
frpr advice and aid from the nearest
Internal Revenue office. Many banks
and trust companies are also furnish
ing similar service during banking
Heavy Penalties in Law.
For failing to make a return on time
the penalty is a fine of not more thnn
$1,000 and an addition of 25 per cent
td'the tax, if any. For making a false
or fraudulent return the penalty ls a
fine of not more than $10,000 or im
prisonment not exceeding one year, or
both ; and. In addition, 50 per cent of
the tax. There are other penalties for
failing to pay tax when due and for
understatement of the tax through
Many Sources of Income.
Aside from what one may earn by
his services, there are many other
sources of income. If he sold any
property during 1919 he L ist figure
out the gain realized. If he rented
buildings, land, apartments or rooms
such rents must be considered taxa
able, and he may claijn deductions for
necessary expenses incidental to rents.
Bank interest is a common source
of income and is taxable whether with
drawn or not. Any amount of interest
credited to a depositor is income to
Interest on mortgages and notes ls
taxable; also bond Interest received
A taxpayer who cashed his Insur
ance during 1919 must report as in
come any excess received over the to
tal of premiums paid.
Members of partnerships or personal
service corporations or beneficiaries of
an estate or trust must report their
shares of income distributable to them
whether or not actually withdrawn.
Dividends of domestic corporations
must be reported. Many other forms
of income are taxable, unless specific
INCOME TAX IS
DUE MARCH 15
Penalties for Delay and Failure
to Make Returns-Early
All Income tax returns covering the
year 1919 must bo filed by Monday,
March 15. Each taxable return must
be accompanied by check or money or
der for the full amount or at least one
quarter of the amount of tax due.
Cash payments are accepted only at
the collector's main office; if sent by
mail, they are at the sender's risk.
Residents of South Carolina should
file their returns with, and make pay
ments*of Income Tax to, Duncan C.
Heyward, Collector of Internal Rev
Those who must file returns but
have not done s<> are warned that the
revenue law Imposes heavy penalties
for failure to get returns in on time or
to make payment? on time.
Early filing and early payments are
urged, ic order to relieve the Internal
revenue offices as much as possible of
an overload on the final day, March 1&
CvpyfttfUC lVuv, by c. b. Zimmerman vu. No. .5
NO true happiness can ever
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this can only be done by means of a bank account.
You should acquire one, and once started you will be
surprised how easily and rapidly it grows.
BANK OF EDGEFIELD
OFFICERS: J..C. Sheppard, President: A. S. Tompkins, vice-President
E. J. Mima, Cashier; J. H. Allen. Assistant Cashier.
DIRECTORS : J. C. Sheppard, Thos. H. Rainsford. John Rainsford. M. C.
Parker, A. S. Tompkins. B. B. Bouknight. E. J. Mirna. J. H. Allen
BEST FOR HOME SHINES
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The Bank of Trenton, S. C. ?
LARGE STOCK OF
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We invite our Edgefitld friends to visit our Btore when in Au
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show you through our ntock. Every department is constantly re
plenished with the newent designs.
We call mention to our repairing department, which has every
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A. J. HENEL
980 BROAD ST. AUGUSTA, C
Try One Brunswick
The best way to know for yourself the superiority of the
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That is, if the very name of Brunswick isn't sufficient proof
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Atlanta Headquarters: 38 Luckie St.
Sold On An Unlimited Mileage
Guarantee Basis .
J. D. HOLSTON, Jr./:Edgefield, S. C.
RELIABLE MOTOR & SALES COMPANY
JOHNSON, S. C.
Merchants' Trade Week
March 22 to 27
POSITIVELY'the greatest Gala Week in Colum
bia's history. Twenty thousand dollars worth
of feature attractions free to everybody, including
nine big free concerts by
THE WORLD FAMOUS
ARTHUR PRY0RS BAND
Big Street Parades Daily. A Wonderful Fashion
Show. Mammouth Canvas Auditorium.
Auto Exhibits, Trade Exhibits. As
sembly of American Legion.
Big Home Coming Week.
Thousands Will Meet Here
For particulars write Secretary Columbia Chamber of
Commerce, or Secretary Columbia Automotive Association