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TIME TO TACKLE i^ 

 i»?? INCOME TAXES 



Failure to file an income tax return on or before Wednesday, March 

 1, is punishable by a fine of from $20 to $1,000. All florists who had net 

 incomes of $3,000 or more from any source during the year 1915 must file 

 the return. Have you started yours f 



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mtmi 



OUR Uncle Samuel, who 

 ""^^^ typifies the government at 

 ^^f Washington, has noted 



J I^ that the number of indi- 



l -fc viduals who filed income 

 l\^_^^ tax returns last year was 

 only a little over 350,000, 

 while the records of the 

 Automobile Chamber of 

 Commerce show 812,000 

 cars sold in 1915. Official count of li- 



married man has $4,000 exemption, but 

 he must file the return if his income 

 is as much as $3,000 and not so much 

 as $4,000. 



Keep a Running Record. 



When A. F. Lorist first was called 

 on to file an income tax return he 

 found it an almost hopeless task to fill 

 the blanks exactly, as he had no record 

 outside his store accounts. Next year, 

 however, he obtained a ;book from 

 his bank, distributed free as an ad, in 

 which he made entries as the trans- 

 actions occurred, so that now, blank 

 in hand, it is only a moment's work 

 to fill in the figures with accuracy. 



Page 1 of the blank is a summary. 

 The place to begin is at the top of 

 page 2. 



This florist is something of a literary 

 person. In the year he wrote several 

 articles for The Review, for which he 



received $60; also two articles for a 

 gardening paper which paid him $30. 

 The total he enters on line 12, column 

 B. It would as well go on line 13, one 

 or the other remaining blank. His 

 wife spends part of each day in the 

 store and draws $15 per week for her 

 personal use. As it is charged on the 

 store's pay roll, it must here be en- 

 tered as a part of their joint income. 

 He doesn't allow himself any salary. 



A. F. Lorist runs a retail flower 

 store in a city of some size and refer- 

 ence to his books shows its total re- 

 ceipts for the year to have been $18,- 

 657.87, for business was not quite so 

 good as in 1914. It goes on line 14, 

 column B. 



A Flier in Stocks. 



Wwm IMO (Rwlaad). 



NKIUBini 



INCOME TAX. 



censes issued shows 2,400,000 cars in 

 use in the United States. There is 

 good authority for saying your Uncle 

 Samuel regards it as interesting, not to 

 say suspicious, that there should have 

 been three cars sold last year for every 

 man who has an income of as much as 

 $3,000; that there are seven times as 

 many men who own autos as there are 

 who admit they are subject to the in- 

 come tax. 



Which is just another way of saying 

 the authorities may be ex- 

 pected to check up more closely nKiuamtwicM. 

 this year and make a public „,„„„., i,,,^.^ 

 example here and there if 

 evasions are found. It would 

 be extremely unpleasant to be 

 an example, don't you think f 

 Besides, it would be costly. "Ezr-iS.—st'; 



Excuses Futile. 



Of course no florist would 

 willfully evade the tax, but it 

 must be rememTbered neither 



Ignorance nor neglect will couplets akswirs should u oiywi to ths tollowdio quistioiis. 



stand as an excuse. me only DiJyout«ndeT«i«»nioluicoinoloclhept«»Ui^y«uT^(<«!«,ll».i^whUIoKni»lR«vmaeDi«rictw»itliled7.. ..? 



course for a man to take who ""-rr n" niiirii nr rn»Ti«f»iiii infii « iiiijiinii ihiM ,\iv, mrtjiitM n. ninn jmiiiimiiiiii iiii rriiiim iiiriiiiiirriiiiiiii< somc acre property adioinintr 



had a net income as much as iini«i«i,8i».wiia<..o(wu.o,b».b.«d ;i^»*»»!«<. /<^«»«^^-^Mr^^ the greenhouses in which thn 



$3,000 in 1915 is to file his tax B«)rourwileorhurt«lidmcoiii.fi<joi«>iircoii«l«l»iUBto<)rour<iwiit. 

 «p^|.^v| VkA^^OTP l^ArCh 1 H«v« jroQ included your wife'* or buibftiidvijKocu io Uuintura? . 



When the income tax was 



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rM itMMH n lAVi inn •nun m 

 m Wkimi or rat cauiaoc or 



■TtXUI. HVDU ON M iUOM 

 MAIKO I IS (JO TO KOOO. 



(•Kl tMOTMUCrmM* OM mM« . ) 



UNITED STATES INTERNAL REVENUE. 



mPORTAlTT. 



Road this iofU tlinti^h carofiUl,. 



rill ia MM 2 ud i b«far« maUaf 



«rlM OB flnt paf*. 



RETURN OF ANNUAL NET INCOME OF INDIVIDUALS 



(Aj pfoTtdid br Aot .f CMcna, Mrfwrid Orutem t, UU-) 



mCO MK RI CPVED DUROf O TEE TIAR IROED DECEMBER 3LJ9W 

 rd l,,(„lm)...C2!'.,..<:A...^C*1^^1^. ,^...lL-i../^>»f 4^,- 



<^Sr f^?^:^;:;^;..^ 



COMPLETE AKSWIRS SHOULD BE OIVEII TO TH 



Being a venturesome person who 

 heard much talk of war stocks, Febru- 

 ary 8, 1915, this taxpayer bought 100 

 shares of "Steel common," at 

 nniNu. 41) his first venture in the 



«.#» stock market. Having surplus 



AiKiiMb, funds from a real estate trans- 

 action closed a few weeks be- 

 fore, he paid for the stock and 

 had it taken out in his wife's 

 name. They held it until No- 

 vember 1, 1915, when they 

 sold at 82, doubling their 

 money. The net profit, $4,071 

 we will credit to Friend Wife' 

 on the line under the store's 

 receipts. This money now has 

 gone into the purchase of 



. - - — which the 



taxpayer is interested and a 



„ record is made of the cost, to 



1. Obom Ikcomi (brought trom liD* 21).. 



3- Nrr Ncome.. 



SfMlflc dvdiKtioaB asd i 



ckos tllMrsd lo rampuHaf imal tu «l t ftr i 



i. 0p«etfic ezaaiptioD o( 9S,000, or |4,000, h tbfl cam nay b« . 



Ntyra— IfMp*ntor«tunii«iiiMlebjrbiMt)«adorvif««ad«s«Bp-, 

 tMaupnntad,M»t«ftBiOttiit cUiBiad b]r: IWU*' 



-7. Total dHuctiiMM and mmptio— (Inm 4, >, —J %) 



8. Taxaui Incohi on vbicb the ncnnal Uz of 1 par r«ot if to b* calcvhtad . 



new The Review published an , o....^D.»ucn„..(brou.H,..,«ii«M, 



article that showed how a 



member of the trade handled 



the tax return. So many 



readers commented on it as be- J ^i^^^'i;^^T^^^liii-^v^„^v,i„,M.xd^ 

 ing just what they needed as «««. «»<»*.« i~.ii». a. o.i«-»a) 



a guide in making up their 

 own returns that the blank 

 for 1916 is reproduced here- 

 with, filled in to show the 

 financial operations of A. F. 

 Lorist , and his wife for 1915. 

 As this taxpayer filed a re- 

 turn last year, the Collector 

 of Internal Revenue in his 

 district sent him a blank some 

 weeks ago 



for a man to do who has not 

 received the blank, but whose 

 net income was as much as 

 $3,000 last year, is to send to 

 the Collector for a blank. A 



i « p. 



i;ti<"x ^hich expenses of purchkse. 





rji-^i 



NOTB.— WhMl the act Ineona ahMn thvn oa Um 1 «ic«*4a $20,000 dw additlaMl lu ^mmb w> W calcvlalad aa par ackadola kriaw. 



Ods inr c«Bt OD amoiiat ov«r |2D,000 and not axcMdific |SO,000 



Two par cant on amount over $50,000 and not exc«adin( $75,000. . . . 

 Three per cent on unount over $75,000 ajtd not exceeding $100,000. . 

 TllG first tllill&r *'*"" P«'<^o* <"*»"»<"»* <'v«'*l**'*'*W"d not exceeding $250,000.. 



Five per cent on amount over $250,000 and not exceeding $500,000 

 Six per cent on amount over $600,000. 



9. Total additional or auper lax 



10. Total normal tax (I par cent o( amount entered oiiUa*$). 



II Total Ux to be paid 



betterments and sale will be 

 added in due course, for the 

 purpose of figuring taxable 

 profit when the property is 

 sold. Thus far the investment 

 has produced no income. Nor 

 did the war stocks pay a divi- 

 dend; had they done so while 

 j^p^^^ , f ^* ^<^"J^ have been in- 

 Vp6^f;t j'/uaed m the sum entered on 



From the rooms over the 

 store A. F. Lorist last year re- 

 ceived $330 rent, the premises 

 having been vacant one month. 

 It goes on line 15. 



\i.f 



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Miscellaneous Income. 

 As interest on notes he re- 

 ^■^ ceived $30; on mortgages, $75, 

 j^-^ and on his bank balance $47. 

 make a total of $152. It goes 



