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THE BRATTLEBORO DAILY REFOItMElj; WEDNESDAY,- DECEMBER 14,: 1921.
Information for Income Taxpayers Under New Law Exemptions Allowed, Re turns Required, Time for ; Filing and Payment of Taxes To what extent will the average tax-Ia-r be benefited by changes in revenue and deductions under the revenue act of l"gilationV What are his exemptions 1021 compared with the revenue act of 1!1X? Hundreds of such questions are reaching the bureau of internal revenue. The purpose of this article is to answer l hose most frequently presented. Later, by direction of Commissioner of Internal Kevenue, lhivid II. Itlair, there will be prepared for the press a series of informa tive articles telling the taxpayer in de tail how to make out his income tax re lurn for 1!21. Probably the most important change :'ff-fir.sr the man of moderate income is in the exemptions. T'nder the li21 act a married man with a net income of (( and less is entitled to an exemption of .2."i( M I. I'nder the revenue act of 1!)1S this exemption vis limited to S2.(M0. The revenue act of 1H21 also provides for each person dependent upon the taxpayer if such per-on is under IS years of age or incapable of self support because ment ally or physically, defective an exemp iiou of S4(i. The exemption under the revenue act of 1H1S was .$200 for each such dependent. Thus, a married man with two dependents whose income for 1!21 was .$r.0M) will pay this year a tax .f .i;s. compared with'H)4 on the same income for 112. 1021 Exemptions. The exemptions of .S2.."i00 applies also in the head of a family whose net income for 1H21 was .$.. MIO or less, an increase if .'."(M compared with the litis act. A head of a family, as defined by present treasury regulations, is "a person who actually supports and maintains in one household one or more individuals who arV closely, connected with him by blood relationship, relationship by marriage, or by adoption, or whose right to exercise family control and provide for those de pendents is based upon some moral or lesj.il obligai ion. The normal r:.te of tax, 1 per cent on the first .SUKKl df net income above the exemptions, and S per cent on the remain ing net income, remains unchanged. This applies to citiens and residents of the I'nited Slates. Alien non-residents are t.ie( to the full S per cent on income re leived from sources within the I'nited States. Non-resident aliens are allowed only a single personal exemption of $1, (too. To overcome the disparity in the amount, of normal exen ption, the other being just within the higher .S2,."0 ex empt ion the act provides that the reduc tion of the personal exemption from !2. .". to S'2.000 shall not operate to in crease the tax. which would be payable if the exemption were $2,.r00. by more than the net income in excess of S.j.OlM). For example, a married man or head of a family has a net income for 1121 of '."i.OK. ' Assuming that he has no depen dants, his tax. if he were allowed only the .2.(Ml exemption, would be .$120.40. T'nder the benefits of the above provision however, his tax is 110, 4 per cent t he amount of his taxable income of $2,000. o- .Slot), plus the amount by which, his .$100. plus the income exceeds TOWNSIIEND net income of .S2.."o0, or amount bv which his net S.j.OOO. Surtav Kiites. Many inquiries are received relative to the surtax rates. ' Taxpayers in the preparation of their returns should be careful to note that the surtax rates for the calendar year 1121 remain unchanged. The surtax rates on incomes for 1H21 range from 1 per cent on the amount of net income between $r,.(MAI and .SO.00O to v per cent on the amount of net income in excess of .Sl. OiKMNHt. 1 For the calendar year 1122 and each calendar year thereafter, the surtax ranges from 1 per cent on the amount of net income between $t".0OO and $10,000 to ,"0 per cent by which the a moiiiit of 'net income exceeds .S2O0.000. Ke turns Required. Returns are required of every single person whose net income for 1121 was ijtl.OOO or over, every married person not living' with husband or wife whose net income was .Sl.OOO, 'and every married person living with husband or wife whose net income was ;2.00) or over. Every person whose gross income tor the year was .S.".onO or over must make a return regardless of the amount of net income. This requirement was not contained in the revenue act of 1D1S. Every married couple living together must make .a re turn, either separate or joint as desired, if their aggregate net income was over .S2.00U or over, or if their aggregate gross income was MH) or more. (Iross income includes practically every dollar the taxpayer received during the year 1121. Net- income is gross income less the exemptions and deductions speci fically provided for by the act. Period for Filing Returns. The period for tiling returns is from January 1 to March 1122 when made on the calendar year basis. If the tax payer ma-kes his return on the fiscal year basis, the return must be tiled on or before the fifteenth day of the third month fol lowing the 'close of the fiscal year. Non resident aliens must make return on or before the fifteenth day of the sixth month following the close of the fiscal year, or. if the return is made on a calendar year basis on or before June ir. The commissioner of internal revenue may grant a reasonable extension of time for filing returns. Except in the case of taxpayers who are abroad, no such ex tension shall In- for a period of more than six months. The return must be tiled with the collector of internal revenue for the district in which the taxpayer lives or has his principal place of business. If th1 taxpayer has no legal residense, the return must le filed with the col lector of internal revenue at Ealtimore. May Pay In Installments. This year as last, the tax may be paid in full at the time of filing the return, or in four quarterly installments, due on or before March 1. June ., September l.", and le-einber 1.1. If any installment is not paid when due. the whole amount be comes ilue and payable upon notice and demand from the collector. The penalty for failure to tile a return or pay the tax within the time prescribed is a fine of not more than Sl.OOO. For "willful refusal" to make return or pay the tax on time the ptnalty is a tine of not more than .SI 0.000, or one year's imprisonment, or both, to gether with the cost of prosecution. FINED FOR WORKING MARCH IT. New York Plasterers Union Assessed Foreigners Who Did So $19 Each. NEW YORK. Dee. 14. A story of h.tw a plasterers' tinion .fined a group of its Jewish. Italian and German' members Slf each for working on St. Patrick's day last year was unfolded yesterday be fore the Eockwood legislative committee investigating housing conditions. "Why should Italians. Jews and Ger mans be fined for working on St. Pat rick's day." Michael P. Gallagher, record ing secretary of the union, was asked by Samuel T'ntermyer. committee counsel. There was no answer. "Do you think it is a very American plan for a labor organization comprising in its membership men of all natiolaities and creeds to pick out such a day as St. Patrick's, which is not a legal holiday, to tine members for working on that day?" The witness said he had never given the matter a thought. The list of those fined was then read and Mr. Fntermyer commented: "There, is not a single Irishman in the whole list." "No. that is why the others worked," Gallagher said. PREDICTS BONUS'BILL SOON. Commander MacXider Gets Assurances from Congressional Leaders. IN'DIANAFOLIS, Dec. 14. Enact ment of the veterans' adjustment coin pen satioti bill will be completed by congress within 10 days, according to information given to llanford MacXider, national commander of the American Legion, by Senator McCumber, author of the bill in the senate, and Representative Fordney of Michigan. Commander MacXider wired Lemuel Iiolles, national adjutant of the legion, this information at the national head quarters here yesterday. "Leaders in the house and senate as sured me." said MacNider's telegram, "that congress believes in the adjusted compensation measure and realizes that immediate action is necessary on account of the present financial condition of many ex-service men and women." day to attend the annual meeting of the Vermont State Grange. Jed Yancor of Saxtons River is board ing at Jiert Houghton's while working for Mr. Tavlor. Rev. Walter Curtis officiated at the marriage of Miss Gee and Mr. Ross in Putney Saturday evening. Many of the farmers are now busy killing pi"s and cattle for their winter's supply of pork and beef. Ernest Bemis, who .has been coniintr weekly with a meat cart will not come any more for the present. Cards have been received here an nouncing the marriage Saturday, Dee. 3, of Irene Lillian Sullivan of Detroit, Midi., and Fred Earl Wilcox of Spring field. Mass. Mr. Wilcox is a son of Mr. and Mrs. Fred Wilcox and has nianv rel atives and friends in Westminster West, who extend best wishes. Cat her in Chase Dies at 23. The news of the death of Catherine Addie Chase, 2., at Ler home Sunday eve ning saddened the community, though her many friends have realized for some time that the girl's tay would probably be brief. She was taken ill a little more than a year ago atid except for a few rides in the summer had been confined to the house and her room since. ' Catherine Chase was born in South Windham Sept 13, lsjS. the youngest danshter of Mr. and Mrs. Irving K. Chase. She came to this village with her narents at an early age' and had lived here since. She attended the village school and was a graduate of Leland and Crav Seminary, in the class of 1117. She worked during her spare time as clerk in her father's store while in school, and dtiriiiK her father's long illness and after his death, which occurred Jan. 21. 1120, she ami her younger brother, Merton Chase, had entire charge of the store, showing remarkable business ability for such young people. She was a girl of cheerful and pleasant disposition, a favorite with older people as well as among her younger friends. She was able during the summer to at tend a reunion of her Seminary class mates, the occasion giving her great plea sure. The deceptive nature of her dis ease, pulmonary tuberculosis, gave rise to the hope of a slight improvement this fall but a turn for the worse came Satur day night and she died about 1 o'Hock Sunday evening. She leaves besides her mother, two sisters. Mrs. Merle Willis of Waterbury and .Mrs. Perlie P." AHbee of this village, also one brother, Merton ('base. Another brother was drowned when a lad. The funeral will be helj at the house this afternoon at 2 o'clock and will be private. Miss Mary Lewis lias been teaching music in Toledo for .1.1 years. n .- .-'' v. .aj' "Cat ?-.a; s. The Greatest Com forter A Woman Could Have Herc'a a -wonderful, new Auto Boot (or women the latcct ad dition to the famous Top Notch line of rubber footvear. It's an aristocratic-looking, hi;h-hcclod protector apainst snow, slush, sleet and winter's cold. Wl'ifci fleece-lined to its top it keeps the feet and legs warm as toast. Shapely and very durable. 9 TOP NOTCH BEACON it; FALLS RUBBER FOOTWEAR 1 Whether it's rubbers, arctics or boots 1 op Notch rubber footwear will save money for you. It's the best-looking, finest fitting, and the longest-lasting line made. Top Notch rubbers are "balanced" rubbersthe patented heel lasts as long as the sols. Baldwins Boot' .Shop Fred F. Clark. Prop. No. 1 20 TO 25 YEARS IMPRISONMENT Three Bravas Sentenced For Assault On Miss Ilutler. JUP.XSTAttLE, Mass., Dec. 14 Judge Ln minus in the I'arnstahle court yester day sentenced the three bravas who were eoiivicted of assault on Miss Gertrude Ilutler to from 20 to 2o years in state prison at Chariest own. the first day of which is to be solitary confinement. The prisoners sentenced are John Dies. Benjamin Comes and Joseph Andrews f Onset, convicted Dec. 9 of assaulting Mis Butler. They will be held at the County jail in Barnstable for 30 days, durinp which time their counsel will be permitted to tile excent ions. A motion for a new trial on the al legation that one of the jurors was in tovieated the day before the trial started was denied. at to fake for OTIPATlfflM IT6 a 2od dose of Carter's Little Liver Pills CARTER'S ITTLE IVER SPILLS -then take 2 or 3 for a few nights after. They cleanse your system of all waste matter and Regulate Your Bowels. Mild as easy to take as sugar. Genuine bear - , Small Pill: Small Dose: Small Price Signature Sie? Brattleboro's Department Store i Fji;rc'iiM!Hiiir!i;!!i:i!!i:i!!!i!i:!Ni:::!i!iinia Hll!IIUIi;illWinillllMKIIim!!ll!im!.!l!!!lli!:iW Going ! Going ! Gone ! WESTMINSTER WEST. Mrs. John L. Ormshy is ill. Dr. F. L. istiood of Saxtons' River is attending her. . . ' Miss Nettie Butterfield went to Brat tlehoro Sunday to work for Mrs. Wy man. . Cleason Brothers are busv with their i. 'ow sawing outfit, sawing wood for the, farmers. - f .Mr. and Mrs. Seyrr.otir Minard and Carlton TToldcn went to Rutland Mo?i- The opportunity to secure a GOOD EIGHT PER CENT INVESTMENT is now practically a thing of the past. The year 1922 will, in'all probability, find such an opportunity entirely gone, leaving only the memory of the won derful investment bargains that existed in 1521. We now offer the public the unsold balance ot our $100,000 Issue of 8 Per Cent Cumulative Preferred Stock at par, $100 per share. Exempt from local and noimcl Federal income taxes. You have never had an opportunity to buy PREERRED STOCK of the VERMONT LOAN AND TRUST COMPANY before',' and such an opportunity may never come to you again. The business has been established for thirty Eve years with a highly successful record. . All legal matters pertaining to this issue hav been passed on by Harvey, Maurice & Fitt3, Attorneys, of Brattleboro, Vt., and Lawrence H. Brown, Attoruey,' of Spokane, Wash. Only 1,000 shares of this Preferred Stock were authorized and issued and a large portion has already been subscribed. Prompt action is imperative if you wish to take advantage of this swiftly passing opportunity. Subscriptions fcr one or more shares will be allotted in the order received as long as the stock lasts. Interest at eight per cent allowed on all subscriptions received before January 1st, 1922. Special circular on application. I Vermont Loan & Trust Company F. B. rUTNAM, Sales Manager. BRATTLEBORO, VERMONT 1 iinrcnifflninniinuiunnfflmninimn Christmas ing ls an Easy-Ma tier IN OUR POPULAR DOWNSTAIRS STORE - s. . rrr The very fact that our Popular Downstairs Dry Goods Store specializes the year 'round in just the things that women want is ample evidence of its ability to serve at Christmas time. To choose your gifts here bespeaks your good taste and discrimination, ana" the recipient will compliment you, too, on your good judgment. Here are Big Values. Prices are One-Quarter to OnerHalf below those of last Christ mas season. . .t:!U-!t;iM;iiit'!u:iN:ii"'..iinm!:M''Ui:ffl!!;i:i;!iiu Christmas Stationery j We are showing the finest assort- I ment this year of only the best Stationery, put up in boxes, at pop- ular prices. One Lot, Very Much Underprice, I 25 and 39r box Big Assortment 75c Stationery, white and different tints, 50 I Our $1.00 Assortment of Fine Qual- ity Stationery Ln many tints, at I ' 75? and 85 Our Sample Assortment, finer than S ever, single and large boxes, at J 1K $1.25, $1.50 to $3.00 i Christmas Handkerchiefs Thousands of Handkerchiefs to Select From for Gifts Women's 25c Pure Linen Initial Handker chiefs, hand-made letter, good quality, 19 each Christmas Linens I Linens in great assortment here I for Christmas gifts. Table Linen by I the yard, Pattern Table - Cloths, I Napkins, Novelty Linens for Christ- mas. - s Hemstitched Linen Tea Napkins, I 12-inch. Now ........ $5.00 dpz. I Hemstitched Linen Tea Napkins, I 15-inch. Now ....... $6.00 dec. S Hemstitched Linen Damask Lunch 1 ' Cloths, heavy quality, 36x36. Now I $2.75 iiiii;Mi;"i':rai:''ii Christmas Jewelry Only the Dependable Kind Sold Here. I Special Lot of Fine Initial Handkerchiefs from j I an early purchase, nicely made; letter,' put I up 6 in a box, for 59 box j I Women's Solid Colored Pure Linen Handker- J I chiefs, with hand-embroidered corners, now Beauty Pins, Bar Pins, Baby Pins, j oniy : 35 "each Brooches and Hair Pins, at prices 1 ., B ranging from 6 women s uc rine neroswuicu noiiuftd- ScV 50e, 75, S1.00 up I chiefs- with dainty fine lace edge n at. t I Hemstitched Linen Lunch Cloths, 29? each 4Jv4; JoW S4.TS Vanity Cases, fine assortment, "at 75, $1, J $7.50 each 75, $1, $2.25, $2.98 up to j Another Assortment of Women's Handker- J g trimmed Now $1.25 swear s chiefs, different from those of other years, with dainty colored embroidery, at 35 and 5Qr j Linen Tray. Cloths, hemstitched. I , . . I Now 95-$1.45 I Women's Pure Linen Handkerchiefs of fine j quality, all fine hand-embroidered. You, can't pure Linen Scarfs, natural. Now I 'help but make a selection in this lot, $1.75, $1.98, $2.25 1 25C, 39, 50C up to $1.00 each g I One Lot 75c Fine Linen Huck Tow 1 Women's Pure Linen Handkerchiefs, in this ejs 50C each I assortment at nearly 1-3 off. Hand made cor- j i ners of fine lace, at 1 One Lot $i.00 Fine Linen Huck I 59S 69, $1.00, $1.25 to $2.00 each Towels 75 each I Special Lot Women's Handkerchiefs, all white j Other Fine Damask and Huck Tow- 1 and made of fine sheer material. Neatly em- els . $1.19, $1.45, $1.75 I broidered. Your choice' at . . . 10 each t i Pure Linen Guest Towels, at 1 J 75, 85, $1.00 each 1 Women's Handkerchiefs in Boxes J . n i Hemstitched Jap Table Covers, dif- i Women's 3Sc Embroidered ' Handkerchiefs, ferent than the ones usually sold. Just now this is a busy department f two in box, for 25c Now $2.25, $3.50 in our Great Down-Stairs Store, j Womcn.s Handkerchiefs, finely embroidered. :::bW Women's Fine Fiber Silk Hose. 1 . 2 in box, for 29 g WAN R VVLTEri) J Christmas Hosiery A11 Put Up In Christmas Boxes. some with fine ribbed lisle top, at j Womens Beautiful Embroidered Handker- Wash Goods and Silks 50C-75 pair 1 Women's Silk Faced and Thread I chiefs, 3 in box, for 50C Wash Goods, Ginghams, Silks for Silk Hose, at $1 and $1.25 pair I Another Fine Assortment of Boxed Handker- waist and dresses, all put in Christ- chiefs, 3 and 4 in a box, at I .mas boxes-rany selection you make. 75, $1.00, $1.25 box Men's 25c Fine Initial Handkerchiefs, now at 15 each Other Big Values in Thread Silk Hose $1.50-$1.9S i The Celebrated Van Raalte Full Fashioned, Pure Silk Hose, now $2.25, $2.9S, $3.25 Men's 39c Fine Hemstitched Handkerchiefs, Women's Wool Hose, special lot, at J corded border and with initial, now 25 eachr j Men's 75c Fine Irish Linen Initial Handker- I Women's Silk and Wool Hose, at chiefs, stylish letter. Ask to see them, $1.50 1 45 each I Women's Fancy Clocked Hose, at i 1 m t i 1 ni 1 $1 50 1 wKKii2miiiiiittuiiiii:iai.Ti 1 Christmas lowets and viankets Other Fancy Silk and Wool Clocked I r f 9 r T A 3 Hose, at $1.9S, $2.25, $3.25 j LctdieS -DAUdplE tapS I "too. f..Jf: ??. Sc Another Assortment Fancy Bath Towels 49c Attractive Item for Christmas Gifts. I One Lot of These Caps, silk, lace trimmed, at $1.00 Fancy Bath Towels, in colors, I . 50c (9? 75C I $1.00 Boudoir Caps, made of colored satin and j One, Lot Bath Towels, big size, blue I lace trimmed. Dip assortment for . 75c). i 'border - 35c? lace trimmed. Big assortment for , , . C1. I Another, Lot Stylish Boudoir Caps, assortment ! Guest Towel Sets, now; 95?-$1.50 ChriStmaS, blipperS of all pretty light shades of, satin; at $1 1 B Robe Blankets nice c61orJf Women's Fancy Felt Slippers, in -all j Assortment of About Fifty Boudoir Caps, .in ' $3.98-$5.00 the pretty colors, at. . . . . $1.98 this sample lot, made of. colored satin and wpol Blankets in white or grayj all One Soecial Lot Fancv Too Slip-1 lace, in pretty aesigns, at - double and big size. pers, at . V. . . $1.49 $1.00, $1.25 and $1.50 each $5.98, $7.50,. $9.00 k ib s h y if nraiueooro s ooanow, rearson a nunt Department store 5 as f53