The El Campo Citizen (El Campo, Tex.), Vol. 18, No. 51, Ed. 1 Friday, February 14, 1919 Page: 4 of 10
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THE EL CAMPO CITIZEN, FEBRUARY 14, 1919
CERNING INCOME TAX
Continued from page 1
ately his gross income from
all sources. There’s his salary
or wages includirig overtime
pay and any bonus received
as additional compensation. A i only ' t feat portion which ex-
married person having child-j ceeds ; the total, of .the pre-
ren under 18 who are work- miums he paid in alky ears on
gaily disregarded -in figuring
up his 1918 income. Gifts and ♦ />vmvrvni* _ ----------
1 CITIZEN - LINER - P,
bequests: can be eliminated;
also proceeds of life insurance
received by the beneficiary of
an insured person, A person
who cashed in an endowment
policy need report, as income
CITIZEN LINERS PAY
anyd *"* 'noVtter "PAX?th* nice■'
fctthe peace table Germany’s part is to * wait until the
. • »r !.> -
¥f actirkit* ceased with the war but
m the job.
the Red Cross
' ‘ • A '
i *> 4[ j •
Belgian and French statesmen are inclined to
a Huh, always a Hun.” ;
mmmmmI— ■' ■ ■■
|f ffrrt Tffltimrnllrrn person does not come , to trial it
to take the trial to him.
jwe the Gerncian navy to Switzerland on con-
ita activities be confined to Swiss waters?
he interesting t> know just how many of those
victim*" were scared to death.
A compulsory work law for new born European
to keep ex*royal persons* out of mischief?
it looks like the doctor is the only person in
MHHisty who hasn’t got a sure cure for
Hm problems of reconstruction will be getting
hi the nary and long trousers on the army
the Activities of Victor Berger, it has not been
to atod an American Ar&y.of occupation
repttbfccs in Europe should be sure their "de-
OR straight*1 before beginning to find fault with
ing should include the earn-
ings of such children.
If he sold any property at
a profit, the gain must be'com-
puted and included in gross, in-
come. If he rented any pro-
perty to other persons, the to-
tal remits received ,in the year
must be1 ascertained, and from
that figure a deduction may
be taken for • faxes paid on
rented property, the necessarv
miner repairs, fire insurance,
any interest he may have paid
on mortgage, and a reasonable
allowance for annual -wear arid
tear of- the rented property.
The balance is included in
gross incorrte for the year.
“Interest on bank deposits,
whether withdrawn or added
to his bank balances, must be
included in all calculations of
income. Bond interest receiv-
ed during the year must also
be included, except interest
on municipal, county or state
bonds. Interest on United
States Bonds need not be in-
cluded by the ordinary bond
holder who purchased small
amounts. Holders of large
amounts of. Liberty Bonds,
however, should ask their
bankers to write my office for
the rule applying to tax on
such interest. • «
“Dividends on stock shares
are income, and must be in-
cluded in the gross figures, al-
though the law does not im-
pose the normal tax on distri-
butions made by domestic cor-
“A person buying and sell-
ing merchandise must first find
his profits for the year on the
following basis: First ascer-
tain the gross sales or total
cash receipts. Thkn add to-
gether the inventory at the
beginning of the year and the
purchase of goods for resale.
From this latter sum subtract
the inventory of goods an hand
at the years end, and the re-
sult is the cost of goods sold.
This cost plus necessary ex-
or close. Will pay rent in ad-
vance.. Reply to the Citizen
office: S. R. Roades. 49tf
FOR SALE—Full blooded
White Leghorn chickens. Mrs.
.J. A. Wright. 49tf.
* * ■ - v ■—' - - «• -- . \ —_ ■ _ : -- - i
When in El Campo patron-
ize the City Bakery and Cafe.
Fresh bread, cakes and pies
always on hand. Short .or-,
ders a specialty at Cafe. G.
L. Casey. Prop. . - 49tf
Small improved farm want-
ed. State lowest price and
best terms. State particulars.
Box 3&2 Richmond, Tex. 49-52
Sheltex, the new fram
iSggs j ifor /^hatching
thoroughbred Brown Leghorns j ha^ teem in "variety*
75c & setting of 15. ~J. P. Tsai- igrtjL Optometrist
ser. V U . 50-51
tit tie would be republics become separate
ike map of Europe will bear a remarkable like-
to a patchwork quilt.
to tell William Hohenzollern that, tho
ppt Rifted io Holland, it is pleasanter there than in
tflmjioce* where be is wanted.
Germaof will be a wizard of finance if she can foot the
ijfcfor imdrmoity and reconstruction which will be brought
to her attention*
tPir certain]) miss our “guide”, philosopher and friend,
Hooter, But we trust that he will soon be home
abroad with nice new food regulations.
? -r ■ + « /
fjretaattftmg the former Kaiser as a pirate, the allies
If the heroes of, our youth. Pirates had at least a:
bm**4 settee of honor and considerable immoral courage.
that policy. Annuities ar$ not Wanted to rent a house by
taxable, unless the person re-j the month either in El Campo
ceived in the year payments
which represent,? when added
to all prior payments on the
annuity, an amount greater
than the original. cost of the
annuity. Dividends of unex-
pired -life insurance ‘policies
are not taxable incom^ but
dividend^ on paid-up policies
must be considered> income.
Alimony is not income to the
recipient, nor is it an< allowab-
le deduction on the part of the
person who pays...
“From the total, of all items
of .income, there are certain
deductions allowable bv law.
All interest paid qnj personal
indebtedness and' all taxes
paid?during the year are de-
ductable, except Federal In-
come ; Excess Profits taxes, in-
heritance taxes and assess-
ments for local improvements,
such as sidewalks, sewers, etc.
Losses incurred in^business or
trade are allowable, also loss-
es, arising from firt
shipwreck - or other - casualty,
or from theft, in cases where
such losses are not compen-
sated for by insurance or oth-
erwise. .Lossds incurred out-
side of a person’s regular bus-
iness are allowable to the ex-
tent of' gains reported from
similar transactions within the
year. Debts due to the tax-
payer actually ascertained to
be worthless during the year
are deductible. .
“Depreciation bn 'property
used in a profession, in bus-
iness, or in farming is another
item that may be claimed as
a deduction. The storekeeper
may claim depreciation on his
fixtures and on his delivery
horses arid wagons, but not on
his -stock held for sale: The
professional man may claim
similar deduction on his instru-
ments: and, in the, case of a
physician who maintains a
team or auto for making his
calls on patients, reasonable
For Sale—Vendor Lien Noi
benring 7 and 8 per cent if
Go to W. G. Rudder
buying anything in the
$100,000,000,00 to Tend, on
as Farms by the Federal
Bank of Houston. Long
low interest, easy payments* ,
Let me tell you about 1
W. Duson, Sec’y-Treas.
FOR SALE—A 25
gasoline engine and a
Gray pump with pit. A]
good running order,
penses incurred.solely through depreciation may be claimed,
conduct; of the business, is to The farmer may claim depre-
ciation on his farm buildings,
aside from his personal'' resi-
dence* also on his farm ma-
chinery, his work horses apd
farm wagons. The theory of
depreciation, t in connection
wfth the income tax, is that
wear an dtear caused by use
in earning income is a real ex-
pense in the earning of that
income. The rate is determin-
ed by the number of years
that the property ordinarily
would be useful, and.the cost
be deuficted from the gro^s
sales, and the result is the-
net earnings of the business.
“A professional man arrives
at his professional income by
ascertaining the total of fees
for, services and deducting
therefrom all .expenses con-
nected directly and solely
with his practice.
“A fanner must figure up.
all income detivcd from the
sale or exchange of products
during the year, whether such
produce was raised on the
For Sale-^-Some gobd books
book case and a bran new
Ford car. B. F. Geiger.
One : Smith Premier type-
writer, No. 2, in splendid con-
dition, $17.50. One $30.00
cheek protector, good as new,
$12.50. T. G. O’Brien, the
On account of being over-
stocked, I will sell about 20
head of 3 months old pigs.
For Sale—A 5 passenger
Ford and several other cars.
Automobile accessories, very
reasonable. | 50tf
» J. A. Bloom.
FOR RENT—5 room cottage
near' High School, $T0.00 per
month.; W. W. Duson 50tf
For Sale—A 3y2 H. P. W.
C. Electric Motor;\bran new.
Address P. O. Box 566, El
Campo, Texas. . fiOtf
for stock and chicken feed.
For sale by El Campo Rice
Milling Cd. * 5L-2
a ianj, Hefner Bldg
dern house and 3
in. G. W. Truett.
big bone Poland
9 months oJd,
J. C. Smith, Louise,
Several good ;ri£$g^
tions and gdod h
I have some fin
Northern farms for
for Wharton County
Johnson farm, l
ling heifer brand*
left hip. Reward foi
tion leading to recw
Eggs for hi
sale at $1.50 per
Seed Rice For Sale
. Early prolific and Blue Rose ___
early threshings* from / sod FOR SALE—
land., 51-2 j with all ctmwmd
R. B. Wallace. Wilbur Webb,
Fox7 Sale—1 4-bottom 14- Well improved
inch engipe plow W. E. Rob- farm for sale, close
inson. - 51-2 Owen.
For Sale—Eggs for hatching STRAYS—1 ji
from thoroughbred S. C. B* 2-year old red
Leghorns. 75c per 1*5 51tf| white face and 1
J. O. Pruntv. i at my place 2
: Wanted to Rent-5 -or west of E1 C*u,
room house, with barn and c^n recover
garage. Call, T. C. Butler, ^
Phone 40. * _
Found—A pocket book con-
We are now pi
taining a nice sum of money.
Owner can recover by proving &a*,on pu*»P*.
propertv and paving for this the
lad - sotfof thc year
can get the
done also now
4/hmpp Clark win bt abie do plenty of champing as
NMMMWftyleader :a next Congros. the election having r.c-
IttmmA a wdmer toogue long.quiet^'.in the Speakers chair. *
jfLmtmpt jpmt NOW reaembles one of those dissected pictures
'N fear years ago: It can be put together again.
^ .. , . of the property is the basis of
farm or purchased and resold, the computation. If the pro-
He is allowed to deduct froml perty ? suffering , depreciation
this total his expenses oi the j was bought or acquired prior
^ year connected with the plant.! to March 1, 19,13. the market
ing, cultivation, "harvesting value as of that date is used
and marketing of the crop, or instead ot the cost,, fn,figuring
the care, feeding and market- depreciation,
ing of live stock. He isnot.aj- “(/ontributions ur .gift* :.e-
lowed to deduct the fimoun; Uuallv made in 1 !M s'tu orgaui-
expended in 1918 in purchas- zations operating extiusiv^y
ing stock tor resale# but when for religious, charitable, scien.; lj- l u d •
such stock is sold its cost is*toftjfit: lor educational purposes,)^?? the Hl&hest Caah Fncc. plants 25c per hut.
be deducted from sale price and to societies .for ;he piv-1 1 have -'.some bargains in red Plymouth Rock
in ascertaining the gain to b,* - emion of ■ cruelt\ to chiidr oi ('il v homes. , 18tt per setting,
included in his return of in-Ur animak incy b»‘ deducted. Jack'Grimes. Ed M
M-orne. 1 ht* cost price ot stock to an aniount not exceeding*■" " • ;
bought prior to 1917 cannot l r, , of ’the .net iiiconi^ fcbm- f whetWer or not he is the .head
Mattress Factory ___
On 2nd floor Opera House (trouble. ^ . %
Bldg.' We work over and- r< D. M. SUncliff
new old mattresses, or make Eggs "For Sale
new ones. Worth the money p;eds $1 50 for 15:
m preser\ing health. Mill 30 Thoroughbred t
Rader,- prop., El ( anrpo, Tex- cockerel for sal*
a‘s* Oscar Anderson, PI
. . Bring your hides to
Sanitary Meat Market. ,We
C om mission er
been a regular
, r un i iiivMiiiy vwin*t ” •_— —r. ’------
reelin' ah dcirm- of stwdv -m.l |l,,‘ a' *" ,h'' -Viih..;rt thj;. cf -f a i'anwly. If h». is nwrri^.l.
*W r»iOtnsir iiwoite ncKrtc m>tmlx *»n<l jcitc.), if such .-..st vVas inCl««l,*.| itn- he most |te Kife retuAi. if bia
in the deduction made in thv-: .“After'' the t<*tal* «•:' all ii.- && income, including that of! S. W. Harper hi
yar -ft purchase, \ cbf>ix is found, and they-di- I
i fctate>fHeu ar<- ti.cu-mg each other of being* “The farmer-Is* not required dux,tiy»nMf * allowable- -by lawj^*** ----- , -----
mpt- e for the war. It not the first time that-I inHud«f In- hi- incnme Ux have ■. beeh. computed ‘aNcan;' "I want to emphasize the ; tonio, to visit his son.
v Jpih *
S. W. Harper
^*«,.,**, ..... wife and ' minqK children,] his ranch, sold
Ban feta*•--men ar«* accusing each other of living * “The farmer-i,s hob required dnetions^ jallowajble- -by lav ]M*as 82000 or more. » t ^property and gone
- b;e for the war. If \< not-the first time that ■ *** hichdle; in Ms- income fax have' beeh, computed Sas^-an “I ward to emphasize the
remark- uim t \ • " - f i (.eomptitatiPfi Hie value bf t'a'rm o.Tser. thd amount'“*of inconm » ■' i-'ration feature of the Col-: Fred Ranthum
J * - u - 11 1 ( :*prodi rrmul by li in me If as an excess such <leduc* - lection cl the Income Tax this j residence prope
iaf.o '.to i: ? in casts wh*;re: i«om i- tlie nef‘ iiieonfe; -whirih 'year. The )iolicy <d the In-»Bishkin and is ha
* :t "r woolen good- c»t raihc»a*l , fare
ii bit decreed tha it he ad r a next shall come,
mt tbr Ultimate coiifeumer. How sati^faictorv that*
far d you and I didn't .happen to
NJStocBobik: club has pledged itself to buy
Nkgoodft for ieveo years. We ourselves are
j&Btain from all German-made goods for
tbat tr9st . that we shall
• induing H'qd'ire'for fner- .forms: the ba^is .-the ermtl Revenue * Bureau is to
i % . t *v . to. : tax. t ; did taxpayer! to meet the re-
• 'o.* »%•■* Vvilue «•! i he tjirtich -* “It every pe.j'sdn if. thi" -’ent»s . the law. We
• ret hang n . ’ }i/ di lc % >wll! examine his4 « v. ?, are goin^ right 16 the people
ini'hnled. . situs'income ai . .. not lo swing club« or to mulct
be the ultimate “A H- ot 1»« r yN*o-.> '.4,i' .mr'.toe, ut dnetinixy, in line’ .v it.h dat t the wage-earner o'f his savings
doising: daring the; year thru, .that I ha-vg given, 'he ;will imt offering every-helpful gov.
persona! service*, bu>ine-.- ■/,)■ khpu: boyemd doubt whether ernnu-ntal function1 that wi.l
trade, through use of pr»>pert--y he -must file his Return, when assist people to do their duty:’’
or money, should be added iij- t the blanks arrive. ; Ami hep - -v.. • '■ c
to the gains of 1918. : .is how fie will determi; g , New Candies, Fruits apd
“Everybody wants to’ know';liability to file * I’efhrr/ f G»:oceries at Traylpr'* .
what .income is exempt from rs single h- r ^ Lorice Baker left
tax. Very few plums that fall | income is > in » . > r, . ,,r San An’
to the average man may be le-|this requirement h. ^ v- i!f alt
>f his household
He and family *vill
few days for San
where a new home
Mrs. Will Seydl
relatives in B<
Mrs. G. E. Wi
Here’s what’s next.
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Ballew, W. L. The El Campo Citizen (El Campo, Tex.), Vol. 18, No. 51, Ed. 1 Friday, February 14, 1919, newspaper, February 14, 1919; El Campo, Texas. (https://texashistory.unt.edu/ark:/67531/metapth902709/m1/4/: accessed March 24, 2019), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Wharton County Library.