The Tribune-Progress (Mountain View, Okla.), Vol. 20, No. 38, Ed. 1 Friday, January 24, 1919 Page: 1 of 8
This newspaper is part of the collection entitled: Mountain View Times and Tribune Progress and was provided to The Gateway to Oklahoma History by the Oklahoma Historical Society.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
THE TRIBUNE-PROGRESS
Volume 20. Number 38
Mountain View, Oklahoma, Friday, January 24,1919
$1.50 Per Year
INCOME TAX DRIVE
FOR 1919 STARTED
Under the Contemplated Gath-
ering of Income Tax it la Cal-
culated a Million Citizens will
Pay Such a Tax for Fir»t Time
The big income tax drive of
1919 is now under way and every
preparation is being made to
handle the largest collection in
the history of income tax. I ain
not waiting for the final passage
of the revenue bill by congress,”
said Collector Hubert L. Bolen,
“nor for the new regulations and
blank forms to be issued. To
get this big tax in and get it ac-
curate and complete, I urge that
we all begin now. •
"The income tax , obligations
imposed by the old laws, as well
as the measure now in congress,
Consist of two distinct operations.
One is to file return or statement
of all items of "income and itejns
of deductions allowable by law,
and to do this within the period
named bv ibe law. The other is
to pay the tax if any is due.
Neither of these obligations
can be met without a careful re-
view of income and expenditure
for the tax year. That is the big
job right now, and that is why I
say the income tax drive is al-
ready under way. Everywhere
the pencil is busy. The old year
is done; all its fruits are gleaned,
and every person who fared well
or earned a good competence
must analyze his own case in cold
figures.
"When the new bill is enacted
into law, I l ill have the proper
return forms distributed through-
out the district and everybody
will be informed of the date when
the sworn return must be filed.
It is iny plan to send my men out
to central locations and to have
them travel through the district
aiding taxpayers in the prepara-
tion of the returns and in decid-
ing doubtful points.. We will go
right to the people with the in-
come tax, and with the co opera-
tion which the public can give
the government men the returns
will be filed by everyone who
comes under the law's provisions,
the right taxes will be paid and
the district will have done its
full patriotic duty toward the
government's support.
“Meanwhile let us say again,
there is no need of delaying the
preparation of figures. Guesses
cannot be accepted as the basis
of taxation. It is clearly the duty
of every person to compile cor-
rect figures and ascertain whetner
his income for 1918 was sufficient
to make necessary a sworn re-
turn.
“The year 1918 was a banner
year for salaries and wages and
the high war prices brought un-
usual profits to the average small
tradesman and to the farmer.
The opinion in Washington is
that a million citizens and resi-
dents will make this year their
fir>i income tax returns.^
“All signs indicate that the in-
come tax this year will reach
nearly every working mao and
woman, and nearly every mer
chant, shop keeper and farmer.
Not all will have to pay the tax,
but nearly all will be obliged to
make a sworn statement of the
year's income.
“l am, therefore, advising every
unmarried person who earned
$1000 or over daring the year
1918, and every person who to-
gether with wife or husband
earned $2000, to sharpen pencil
and figure out how be or she
s*ands.
"He must ascertain accurately
his gross income from all sources
—his salary or wages, including
overtime pay and any bonus re-
ceived as additional compensa-
tion. A married person having
children under 16 who are woik
ing should include the earnings
of the children.
“If he sold any property at a
profit the gain must be computed
and included in gross income. If
he rented any property to other
persons the total rents received
in the year must be ascertained,
and from that figure a deduction
nfay be taken for taxes paid on
rented property, the necessary
minor repairs, fire insurance, any
interest he may haye paid on
mortgage, and a reasonable allow
ance for annual wear and tear of
the rented property. The hal
ance is included in gross income
for the year.
Interest on bank deposits, with
drawn or added to his bank bal
ance, must be included in calcula
tions of income. Bond interest
received during the year must
also be included, except interest
on municipal, county or state
bonds. Interest on U. S. bonds
need not be included by the or-
dinary bond holder who pur-
chased small amounts. Holders
of large amounts of Liberty bonds
should ask their bankers to write
to my office for tire rule applying
to tax on such interest.
“Dividends on stock shares ai e
income and must be included in
the gross figures, although the law
does not impose the normal tax
on distributions made by domes-
tic corporations.
/
“A person buying aud selling
merchandise must find his profits
for the year on the following
basis: First, ascertain the gross
sales or total cash receipts, then
add together the inventory at the
beginning of the year and the
purchases of goods for resale.
From this latter'sum abstract the
inventory of goods on hand at
year’s end and the result is the
cost of goods sold. This cost,
plus necessary expenses incurred
solely through conduct of the
business, is to be deducted from
the gross sales and the result is
the net earnings of the business.
“A professional man arrives at
his professional income by ascer-
taining the total of fees for serv-
ices and deducting therefrom all
expenses connected directly and
solely with his practice.
“A farmer must figure up all
income derived from the sale or
exchange of products during the
year, whether such produce was
raised on the farm or purchased
and resold. He is allowed to de-
duct from this total his expenses
of the year connected with the
planting, cultivation, harvesting
and marketing of the crop, or the
care, feeding and marketing of
live stock. He is not allowed to
deduct the amount expended in
1918 in purchasing stock for re-
sale, but when such stock is sold
its cost is to be deducted from
the sale price in ascertaining the
gain to be included in his return
of income. The cost price of
stock bought prior to 1917 cannot
be deducted as in the case just
cited if such cost was included in
the deduction made in the year
of purchase.
“The farmer is not required to
include in his income tax compu-
tation the value of farm produce
consumed by himself and family,
but in cases where he changes
produce for merchandise, grocer
ies, etc., the market value of the
articles received in exchange are
to be included.
“All other items of income
during the vear through personal
service, business or trade, thru
the use of property or money,
should be added into the gains
for 1918.
“Everybody wants to know
what income is exempt from tax.
Very few plums that fall to the
average man may be legallv dis-
regarded in figuring up his 1918
income. Gifts and bequests can
be eliminated; also proceeds of
life insurance received by the
beneficiary of an insured person.
A person who cashed in an en-
dowment policy need report as
income only that portion which
exceeds the total of the premiums
he had paid. Annuities are not
taxable, unless the person re-
ceived in the yeai payments
which represent, when added to
all prior payments on the annu
ity, an amount greater than the
original cost oi the annuity. Div-
idends on unexpired life insur-
ance policies are not taxable in-
come, but dividends on paid-up
policies must be considered in-
come. Alimony is not an income
to recipient nor is it aD allowa-
ble deduction on the part of the
«
person who pays.
‘From the total of all items of
income there are certain deduc-
tions allowable by law. All in-
terest paid on personal indebted-
ness and all taxes paid during
the year are deductible, except
federal income and excess profits
taxes, inheritance taxes and as-
sessments for local improvements
—sidewalks, sewers, etc. Losses
o
incurred in business or trade arc
allowable; also losses arising
from fires, storms, shipwreck or
other casualty, or from theft, in
cases where such losses are not
compensated for by insurance or
otherwise. Losses incurred out
side of a person’s regular busi;
ness are allowable to the extent
of gains reported from similar
transactions within the year.
Debts due to the taxpayer actually
ascertuined to be worthless dur-
ing the year are deductible.
"Depreciation on property used
in a profession, in business or in
farming is another item that may
he claimed as a deduction. The
storekeeper may claim deprecia-
tion on his fixtures and on his
delivery horses and wagons, but
not on his stock held for sale.
The professional man may claim
similar deduction on bis instru
meats, and in the case of a phy
sician who maintains a team or
auto for making his calls on pa
tients, reasonable depreciation
mav be claimed. The farmer
may claim depreciation on his
farm buildings aside from his
personal residence, also on his
farm machinery, his work horses
and farm wagons. The theory
of depreciation in connection
with the income tax is that wear
and tear caused by use in earning
income is a real expense in the
earning of that income. The rate
is determined by the number ol
years that the property ordina
rily would be useful aud the cost
of the property is the basis of the
computation. If the property suf
fering depreciation was bought
or acquired prior to March 1,
1913, the market value as of that
date is used, instead of the cost,
in figuring depreciation.
"Contributions or gifts actually
made in 1918 to organizations
operating exclusively for relig-
ious, charitable, scientific or edu-
cational purposes, and to socie-
ties for the prevention of cruelty
to children or animals, may be
deducted to an amount not ex-
ceeding IS per cent of the income
computed without the benefit of
this deduction.
“After the total of all income is
found and the deductions allow-
able by law have been computed
as an offset, the amount of income
in excess of such deductions is
the net income, which forms the
basis of the assessment of tax.
when the blanks arrive. And
here is how he will determine
his liability to file a return. If
he is single he must file if his net
income w is $1000 or more, and
this requirement is enforced
whether or not he is the head of
a family. If he is married he
he must sutely file his return
if his net income, including that
of his wife and children, was
$2000 or more.
“I want to emphasize the co
operation feature of the collec-
tion of the income (ax this year.
The policy of Internal Revenue
Bureau *s to aid taxpayers to
meet the requirements of the lawj
We are going right to the people,
not to swing clubs or to mulct
the wage earner of his savings,
but offering cvei y helpful govern-
mental function that will assist
people to do therr duty."
BASKET BALL
Estray Stock Notice
Mountain View Wins and Lose*
. a Game . •
In two closely contested games
the Mangum H. S.’and Mtn.View
H. S. teams broke even, the local
girls' team losing 30-12 and the
boys winning 18 11, on the local
court last Friday night.
The Mangum girls excelled in
team work, ability to cover the
floor and in goal shooting, their
forwards, Tierce Mathis and Be-
atrice Hall, being especially good.
The score at the end of the first
half was 18 8 in favor of the vis-
itors and during the latter half
added 12 more points to their
total. Capt. Hester Tracy starred
for the local team with five bas-
kets for 10 of Mtn. View’s 12
4
points, Gladys Cox getting the
other basket for 2 points. Jewell
Fariss and Elma VanDevenler
were strong, ,a.t- centers for Mtn.
View.
Our boys’ team easily out-
classed the visitors iu team w6rk
and goal tossing and the soore at
the end of the first half was 14 7
in favor of the locals, each team
making 4 points in the last half.
Maurice Kobs starred in getting
points for Mtn. View with 5 bas-
kets and 2 free throws for 12
points, Shaw getting the remain-
ing 6 points by 2 baskets and the
same number of free throws.
Both centers played exception-
ally rough during the game and
neither one scored a point. Both
Young aDd Shelton were espe-
cially strong on defensive, as was
also Captain McAllister for Man-
gum.
A reception was given for the
visiting teams immediately after
the game which all enjoyed.
We return the game at Man-
gum Feb. 7, at which time it is
hoped to bring back a double
victory report.
Both Mtn. View teams play
Cordell H. S. at Cordell this
Friday night, and Ft. Cobb boys’
team will be here Jan. 31.
Epworth League Program
Song 279.
Prayer by Rev. Shelton.
Song 253.
Scripture lesson, Luke 10:25-39.
Reading, Mabry Hoover.
Special music.
Reading, Roslyn Dyer.
Reading, Jonnie Lee Coker.
Song—Benediction.
One bay horse, weight 800 lbs,;
one iron gray horse, weight 800;
one bay mare, weight 800; ages
about 5 to 8 years. Stock at the
Highsmith place, 6 miles south of
Mtn. View. Owner can get them
by paying keep and other
pense. J. PHIPPS,
36-3t Mtn. View, Route 4,
ex-
Notice
All bag worms must be re-
moved from trees in the town of
Mountain View on or before
March 15, 1919, or the city will
have it done and charged as
taxes against the property.
By order City Council
J. P. Tidmore, Marshal.
Notice
Property owners of Mountain
View are hereby notified to re-
move all rubbish about premises
to adjoining alley at once, so it
can be hauled away. Wagon
will start hauling Monday, Jan.
If every person in this dis- 27. Get busy and have yours
trict will examine his own 1918 ready. J. P. Tidmore, Marshal.
income and his allowable deduc- ---
tions in liDe with data that I have Let an A. E. F. discharged sol-
given, he will know beyond doubt dier do your painting and paper
whether he must hie his return hanging. Thomas J. Gordon.
No Change in Prices oi Ford Cars
The policy of the Ford Motor Company to sell its
cars for the lowest possible price consistent with de-
pendable quality is too well known to require com-
ment. Therefore, because of present conditions, there
can be no change in the prices on Ford Cars.
Runabout.....................$500.00
Tourist Car.................... 525.00
Coupelet...................... 650.00
Sedan....... .............. 775.00
Truck Chassis............■»,...... 550.00
These prices f. o. b. Detroit
Zellner Motor Co.
0 o
Mountain View, Okla.
Farmers Mill & Grain Co.
Under New Management
WE HAVE FOR SALE—
^^B3est grade McAlester Coal
Corn Chops, Barley Chops,
Cotton Seed Cake,
Oats, Barley and Hay.
We will buy your grain, either in large or small
amounts, at all times. We solicit your trade.
J. N. KROKER, Manager
Successor to Mtn. View Grain Co.
Mill*
Mill*
•HIM
•IIIM
■HIM
»ll**tl«
| Immortalize Your Name In |
| The Rock Everlasting |
s
I
s
s
I
You whose sole aim in life has been to insure your
family against anxiety now and in the days to come,
should appreciate the value of that memorial, which
shall honor your name and the coming generations.
Whether you plan for an impressive architectural
effect, a single shaft or a simple marker, nothing will so
fittingly perpetuate your memory as the Rock Everlasting.
S
s
I
s
s
I
] Hobart Marble & Granite Works!
I * i
I
s
1
handle the best granite and marble. A card will bring
them in person with photos, etc., to select from. Save
the agent's commission; or call at their yard. Two cars
in lately and three more coming. The price is right.
Underdown & Shepherd, Props,
Hobart, Oklahoma
s
s
1
s
I
▼
l
•UIM
•UIM
•HIM
•ll-MM
•11-MI*
MAKE 1919
A RECORD BREAKER
If you have something to sell advertise it
If you want something advertise for it in
THE TRIBUNE-PROGRESS
Upcoming Pages
Here’s what’s next.
Search Inside
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Newspaper.
Romans, G. L. The Tribune-Progress (Mountain View, Okla.), Vol. 20, No. 38, Ed. 1 Friday, January 24, 1919, newspaper, January 24, 1919; (https://gateway.okhistory.org/ark:/67531/metadc914794/m1/1/: accessed April 25, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.