The Laclede blade., March 07, 1919, Image 2

About The Laclede blade. (Laclede, Mo.) 1890-1945

Image provided by: State Historical Society of Missouri; Columbia, MO

                
HE LACLEDE BLADE
THE LACLEDE BLADE
Entered at the postoflice at Laclede. Mo.,
for transmission through the mail as second
class matter. I
A. J. CAY WOOD.
FRIDAY, MARCH 7. 1919.
That storm of last Friday was
sent along just to show us what
we missed in January.
After spending a few days at
his old home in Washington,
Woodrow Wilson returned to his
castle in Paris, France, Wednesday.
EVERYBODY IS
NOW FIGURING
IKCONE TAX
A metropolitan daily paper that
is supporting President Wilson
tooth and toenail, says the chance
for democratic success at the poll
in 3920 are 100 per cent helow
Par.
Gov. Gardner has announced
all bills appro-
ln Order to Be Helpful to Public,
Internal Revenue Bureau
Has Every Available
Officer in Field.
SEVERE PENALTIES IF YOU
DELAY BEYOND MARCH 15
that he will veto
priating money in excess of the
state's revenue receipts. He can
use his pruning knife to good ad
vantage on all salary increase
bills.
A news item tells us that Kaiser
Wilhelm expects to be recalled to
the German throne. The ex-kaiser
may get a call but it is more likely
to be to face a firing squad or to
ascend the gallows rather than the
throne.
In his row with a democratic
congress, President Wilson de
clares his, fighting blood is up.
Isn't this a rather peculiar state
ment to come from a man who
"kept us out of war" because he
was "too proud to fight."
If Victor Berger were in socialist
Russia, and found guilty of rppos
ing the government, he would be
given nTt twenty years in the pen
itentiary but twenty minutes tc
prepare for the firing squad. Vic
ought to thank God, therefore, that
he lives in a "capitalist" and not
a socialist country.
After reading many of his speech
es, many pages of the Congress
ional Record and many newspaper
comments, we have come to the
conclusion that Senator Reed of
Missouri is not entirely in accord
with President Wilson's attempt
to make the United States a party
to an ttie devilment started in
Europe hereafter.
The? name of "Pershing Trans
port Route" that has been given to
the transcontinental automobile
road throught Laclede, ought to
stick. It has been accepted by
uenerai I'ersuing in honor or tuc
Missouri soldiers, has been recorded
by the federal road commission at
Washington and now the Missouri
legislature has resoluted it into the
records cf the present assembly.
Opposition is rapidly developing
throughout the country as well as
in the national house and senate to
the proposed constitution of the
world binding the United States in
a league of nations, as advocated
by President Wilson. The op
position is based upon the patriot
ic ground that its acceptance would
With the due date for Income Taxes
only a few weeks away, the collection
of this far-reaching tax on 191 S In
comes has started off with a bang.
Everybody is figuring income tax.
Payments and sworn statements of
income must reach Internal Revenue
offices on or before March 15, and there
are severe penal l ies for delinquency.
Residents of Missouri are required
to make their returns and pay their
taxes to George Moore, St. Louis, or to
George F. Crurchley, Kansas City, col
lectors of Internal Revenue, who are
now doing free advisory work on In
come Tax.
"Pay your Income Tax by March
13," is the slogan of the Internal Rev
enue Bureau, which lias sent every
available officer into the field to help
the public to understand the require
ments and to prepare the returns.
Who Must Make Return.
It is estimnted that many thousands
of single and married persons in this
section of the United States who have
never before made annual, returns are
required to do so this year.
Income tax returns must he made
between now and March 15 by persons
who come under the following classifi
cations :
Any unmarried person whose 191S
net income was $1,KX or over. Wid
ows and widowers, divorcees and mar
ried persons who are living apart from
their husbands or wives, are for the
purposes of the Income Tax classed as
unmarried.
Any married person living with wife
or husband whose I'.JIS net income was
$2,000 or over. The income of both
husband and wife must be considered,
together with the earnings of minor
children, if any.
Revenue Bureau Offers Aid,
Each person in the United States
n-ho is in either of these classifications
must get busy at once if penalties are
to be avoided. He should secure a
blank Form 1040 A for reporting net
income up to $i),000, or Form 1010 if
his net income exceeded that amount.
Forms are being distributed by Collec
tors and their Deputies, also by hanks
By following the instructions on the
forms a correct return can be prepared
at home. If a person needs advice or
lid, the Deputy Collectors in the field
will furnish this without charge,
The new Revenue law places the In
come Tax duty on citizens and res!
dents. The Internal Revenue Hureau
is sending its men to work right will
the public to get the tax and the re
turns in. ith active co-operation
every tax due March 15 will be paid
and every return required by law will
he in the Revenue offices on time,
Exemptions Are Allowed.
A single person is allowed a personal
exemption of $1,000. If lie is support
ing in his household relatives who are
dependent upon him he may claim the
status of the head of a family who has
the same exemption as if married.
A married person who lives with
wife or husband is allowed a personal
exempt ion of 2,000. The head of a
family is entitled to claim a similar
personal exemption
An additional exemption of 200 Is
xllowed for each person under eight
een or incapable of self support who
was dependent upon and received his
chief support from the taxpayer,
A husband and wife living together
are entitled to hut one personal ex
emption of $2,000.- If they make sep
arate returns the exemption may be
claimed by cither or divided.
Accuracy Required.
Absolute accuracy is necessary In
making up income figures. Any per-
Every nld of their offices and field
forces is being given freely to the
public.
But the Income Tax men will not
pull your door-bell or your coat-tails,
according to the Collector's announce
ment. It is squarely up to every indi
vidual to figure out his own case and
to get busy if he comes within the
scope of the new Revenue law. j
Did You Earn This Much? j
Every unmarried person who re- ;
calved income averaging $19.23 a week '
during 1918 and every married couple
who Jointly received income averaging '
$38.50 a week should secure at once
from the nearest Deputy Collector or .
the nearest hank a blank Form 1010 A.
That form contains the information lie
Will need to enable him to figure his
correct net income and any tax that he
owes the Government.
The law requires that every unmar
ried person who had a net Income of
$1,000 or over and every married per
son whose net income was $2,000 or
over (including the income of husband
or wife nnd the earnings of minor
children, if any) must make a return
on or before March 15th. And this re
quirement does not hinge on whether
the person owes a tax.
Taxable Income.
An individual must include under
gross Income all gains, profits and in
come derived from salaries, wages or
compensation for personal service of
whatever kind and in whatever form
paid or from professions, vocations,
business, sales or dealings in property
of all kinds, interest, rent, dividends
or profits derived from any source
whatever. Very few items of income
are exempt.
Deductions include ordinary and nec
essary business expenses, interest paid
or accrued on Indebtedness, taxes of
all kinds except Federal Income and
excess profits taxes and assessments
for local benefits, losses actually sus
tained, debts ascertained to be worth
less and depreciation on buildings, ma
chinery, fixtures, etc., used in business.
A further deduction Is allowed for con
trihutions to corporations operated for
religious, charitable, scientific or edu
cational purposes or for the prevention
of cruelty to children or animals to an
amount not exceeding 15 per cent of
the taxpayer's net income as computed
without the benefit of the contribution
deduction.
The taxpayer is not allowed to de
duct any personal, living or family ex
pense, any amount spent for improvin
property or making good its exhaus
tion for which an allowance is claimed
under depreciation.
Figuring the Tax.
Before .figuring the normal tax the
dividends are deducted as credits from
net Income, together with the personal
exemption. As In previous years, divi
dends of domestic corporations are ex
empt from normal tax when received
by the stockholder.
The normal tax rates for citizens
and residents are as follows: On the
first $4,000 of net income In excess of
the credits the rate is 0 per cent; on
any further taxable income the rate Is
12 per cent. '
The surtax rates apply to net In
come of each Individual In excess of
$5,000. The personal exemption and
the dividends are not deductible before
computing surtax. In the case of re
turns by husband and wife, the net
Income of each is considered separate
ly In computing any surtax that mav
be due. Form 1040 should be used for
making returns of net income exceed
ing $5,000, and the Instructions on that
form will show how to figure the sur
tax.
Business House Returns.
Employers and others who paid
wages, salaries, rents, Interest or sim
liar determinable gains In an amoun
of $1,000 or over during 1913 to an
person must file an information return
with the Government. Blanks may be
secured from the Collector.
Every partnership must file a return
showing its Income and deductions and
the name and address of each partner,
with his share of the profits or losses
during the past year. Personal sen-ice
corporations will file similur informa
tion for 1913.
C PUBLIC SALE!
Having sold the farm and Avill quit farming, we will
sell at public auction 2 1-2 miles east of Meadville
and 3 1-2 miles west of. Laclede on what is known as
the Goodwine ranch, on
Thursday, March 13, 1919,
55 Head of Stock, 55
consisting of 18 head of horses and mules and
37 head of cattle
1500 bushels "cf corn, 4 ricks of clover hay, some baled oat
straw, 10 dozen!hens,rfarm machinery, household and kitchen
furniture,
Sale at 10 o'clock. Lunch on the grounds.
Watch for large bills as this will be a big sale and one you can't
afford to miss.
McCoy . Lig'htner.
Col. J. B. Fleming, Auctioneer. Brennan Bros,, Clerks.
impair American sovereignty and
guarantee the maintenance of thelPon who Is working for wages should
o(,(,, ;i.,.i: ,i, nu out exactly now mucn ne receivea
. " I during the whole year 1018. Fees,
lal integrity of all existing empires, bank interest, bond Interest, dividends,
rents received and all other Items
Those good Americans who are! must be reported correctly. Mere
advocating restrictive leo-islation guesses are not accepted, for they are
I unifier ulil-A f 4nv-.nrsia nrA iUn
m . , . - uiiju.li nunc vj oic iuaujvi u u
vu lu-ogu laj.mgiatiuu ouiu uu Government and defeat the proper ad-
well to get their laws on the stat- ministration of the law.
INCOME TAX PAYS
FOR PUBLIC BENEFITS
ute books before the constitution
of the league of nations becomes
effective. After that time eight
other nations will have a voice in
determining what restriction we
shall place upon the movements of
citizens of other lands. There are
several nations harboring carriers
of red banners whom they would be
glad to see emigrating to this land
of the free and home of the brave.
Don't wait until the final due date,
March 15th, for paying your Income
Tax and making your return. Avoid
the last minute rush. Any person can
figure out his liability today as well as
he can next week, and If there Is any
point on which he needs advice he can
now get In touch with a Revenue man."
This word of advice Is being given
out by Internal Kevenue men. Re
turns and payments are being col
lected In Missouri by the following
Collectors of Internal Revenue:
George Moore.
George F. Crutchley.
"Viewed In Its largest and
truest sense, the payment of
tales Is payment for benefits
received or expected. Only from
a narrow and essentially selfish
and shortsighted viewpoint can
the Individual propose to him
self the evasion of tax liability
as a desirable course of action."
Daniel C. Roper, Commission
er of Internal Revenue.
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H.C. LOW AX, President
1918
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DEALERS IN
LUMBER
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LACLEDE, MISSOURI