Show UTAH UTAH- PER PERSONAL ONAL INCOME TAXES ARE EXPLAINED Requirements Listed for First Time Forms to Be Sent Out in January The personal income tax blanks will be placed in the ma malls ls early in January giving the citizens of ot the state more than two months to prepare prepare pre pre- pare their returns Personal income tax returns are due March 15 and the tax must be paid paid- in full at that time Instalment Instalment ment paying is permitted in the corporation corporation corporation cor cor- franchise tax but not In Inthe Inthe the personal Income tax Two forms will wUI be sent to each taxpayer but only one will be filled out The small form Is is' for those persons persons' whose Income is less than a year and is derived mainly from salaries wages and from stocks The larger arger form fonn is for those whose Income exceeds a year and is derived from business including farming rentals and sales FILING FEE REQUIRED The filing Wing fee of ot 1 SI must be paid by every adult in the state stat except housewives who have no Independent income students and the infirm If It a person pays no Income tax but neglects to pay the filing f fee the payment will wUl not be filed and the tax will be considered delinquent The tax commission will have a astaff astaff astaff staff of ot persons who understand the Continued Pare Faze Thirteen on S. S UTAH PERS PERSONAL NAL INC INCOME ME TAXES ARE EXPLAINED Continued from Pate Page Nine law available for those who need advice ad vice on making out the returns As a further check on incomes of or orthe the state the tax commission has prepared Information forms which are mailed to employers of the state These forms when returned will show the names of those persons who received more than per year from any employer Employers are required to present this information to W the tax commission offices by February Feb 15 The corporation tax forms lorms have been prepared and have been en mailed to those concerns whose fiscal year has closed The bulk of the Utah corporations cor cor- have a a. business year which corresponds with the calendar year carThus car Thus while about corporations will be expected to make their return on January 2 1932 1032 the big part of the corporation tax will be due March 15 Personal income tax returns must be made for the calendar year A single man is allowed a net earning of 1000 before he must pay an income in in- income come tax A married man is allowed a net earning g of 2000 and for each dependent The The net income Is figured after deductions are made for taxes interest inter inter- interest est cst donations to church or charity The charity donation deduction cannot cannot can can- not exceed 15 per cent of or the total in in- come Thus a a. single man who has a net Det Income of an even 1000 makes a are re return return re- re turn but pays no tax except the filing fee If It his net Det income is 2000 he pays a tax of 1 l per cent on 1000 or 10 plus the filing fee If It his net income is the first 1000 is un un- taxable the second calls for a tax of ot 1 I per cent and the third for a tax of one and quarter one per cent Inthe In Inthe Inthe the latter case the thee the tax would be 22 2250 50 plus the filing flUng fee For each additional 1000 there Is ont one fourth fourth of 1 per cent added to the rate on that thousand until 2 per cent is reached From 2 to 4 per cent the Jump is by half per cents Four Pour per percent percent percent cent is the maximum Once the tax is computed the payer is then allowed a a. certain credit for any property tax he has paid This credit however cannot exceed one one- third the income tax calculated The tax commission stresses one point The filing fee is due from every person perron in the state over 21 years old except a few exempted and this filing fee must be paid regardless regardless regard regard- less of the size of the income tax pay pay- ment mente S |