Show indro TAX FACTS YOU SHOULD KNOW frequent inquires are received by collectors of internal revenue from store keepers and other business men as to whether the taxpayer in business tor for himself may deduct from his gross earnings an amount of salary paid to himself wages or salary drawn by a taxpayer from his own business are more in the nature of a charge out ot of profits than a charge against profits it deductible they would merely be added to his income and the effect would be to take money out of one pocket and put it in another therefore claims for such deductions are not allowable salaries paid to minor children employed in the conduct ot of a taxpayers taxpayer business are not allowable deductions it if however a son or laughter daughter has attained majority or Is allowed free use of their earnings without restriction a reasonable amount paid as compensation for their services may be claimed A farmer who eni employs ploys a man to assist in the operation rt pt his farm may deduct from gross income the amount amodia paid tor for tuch such services likewise it if jie he employs a woman whose entire time is occupied in taking care of 0 the milk milka cream butter and churns or it herl her services are devoted entirely to the preparation and serving of meals furnished farm laborers laborers and in caring tor for their rooms the compensation paid her is an allowable however she Is employed solely in caring for the fa farmers tar mers own household no deduction can call be made in arriving at net income upon which the tax is assessed deductions may be made for ordinary and necessary business expenses the revenue act specifically prohibits the deduction ot of personal family or living expenses such eap exp expenses anses include rent for a home wages ot of servants cost of food and clothing for the family education ot of children and all items connected with the maintenance well being and pleasure of the taxpayer and h his family |