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ARTICLE |

"PHYSICIANS' EXEMPTIONS FOR INCOME TAX"

E. S. Pomeroy, M.D.
JAMA. 1919;72(11):817-818. doi:10.1001/jama.1919.02610110049023.
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ABSTRACT

To the Editor:  —Your comments on "Physicians' Exemptions for Income Tax" (The Journal, Feb. 22, 1919, p. 576) were very instructive—in my own case, a great deal more so than you could have imagined when you published the editorial.What did it teach me? First, of course, that I have been paying needlessly money as a tax on things that were exempt. But after I had worked out my tax papers and scanned them at leisure, it taught me this much more: I had imagined that I had about a 7,000 dollar practice, being a "true physician, and a poor bookkeeper." On seeing the actual figures, I found that it ran about $5,300 total collections. After deducting actual business running expenses, I was shocked to find my "7,000 dollar practice" dwindle to a paltry $3,400.On further observation, I have been shocked at the items of expense. My automobile upkeep

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