The times. [volume] (Richmond, Va.) 1890-1903, 1893-12-29
PROPOSED INCOME TAX.
INDICATIONS Are THAT THE con-
MfTTEE WILL, dDOPT THE PLAN.
Mr.. Turner VIII, II Il Thought, Cast the
Deciding Vote In Its Fayor-An In
teresting statement.

WASHINGTON, ID. c., Dec 2S.- On
Monday evening next the Democratic
members Of the Ways and Means Com
mittee will meet at the Treasury Depart
nent to settle definitely the form and
scope OF the proposed income tax. The
members Of tine committee have had no
meeting since the adjournment of Con-
gress. Mesers. Breckinrdge and Bynum
are spending few days in Maryland;
Messrs. Turner. Tarsney. Stevens, and
Cochran are at their homes; and Chair
man Wilson is busily engaged upon his
tariff speech, and denying himself 10 all
visitors. The remaining members OF the
majority. Mcssrs. BlcAlillln. Bryan, and
Montgomery are in the city. but their
functions as a subcommittee on the in-
tefnal reyenue schedules arc ended.
They ended in fact a fortnight ago,
when their reconunenations regarding the
general subject Of internal taxation were
laid before the fun Democratic majority.
An divfdus Income
There is still a probability Of an indi-
vidual income tax, but the majority Of the
committee incline more favorabiy 70
Secretary Carlisle's recommendation. that
the tax be placed only on the dividends
resulting from investments I'm bonds,
stocks, and other securities. If a tax
on individual incomes be adopted an
effort will be made 10 graduate IL in such
a way that IL will fall lesc heavily upon
the heads Of families than upon those
who have only themselves TO support.
In other words a man of a Family VIII
pay a smaller tax on a given income ac-
cording TO the number Of those depen-
dent upon him, than single man VINO
has no family responsibilities.
At A meeting next Monday evening the
majority of the committee will be able
to determine. from the data a hand the
amount Of revenue that may be expected
10 accrue from every form OF laN. III
as IS now believed no more than I3'Vo'VOO
win be needed from that source, II WIZ
be shown that this sum can be Ihsed
from investments alone, thus rendering
unnecessary any individual income TAX
Mr.. turner Held the Kew.
The divisions among the Democratic
members on the general 81 'lect Oh IN
come taxation is clearly defined. Nhsoh,
Rreckinrldee. Cochran. Montgomery ana
stevens are disposed to follow Secretary
Carlfsle's recommendation. Five mem
bers-McMflin, Tarsney. Whiting, Bryan
and Bynum-are staunch supporters Of the
proposition TO tax individual incomes.
This gives Turner, Of Georgia, the de-
Gliding vote. Turner'S inclinatons are
believed 10 be more I'm line with those of
the gentlemen last named than those Of
the other members Of the committee
How far he may be Influenced by the
fact that not more than Sij,0000o0 will be
needed from an income tax IS not known.
He does not appear to have taken any
positive stand as yet, and none ot his
associates assume 10 speak for him.
An Interestips statement.
Chairman Wilson, Of the Ways and
Means Committee has had prepared
statement showing the quantities and
values of imported merchandise for 1872
and 1893. also the rates Of duty and du-
ties paid for these years. together with
The rates proposed by his bill. and thc
estimated revenues under his bill, based
upon like importauons. The duty re-
ceived under the Mckinley bill Tor the
year 1892 was Sl730aSt71 The duty es-
timated under the Wilson bin for like
period woud have been $l0I IG9Ol70, maxi
ing an estimated decrease per annum
Of $50, 1880
The whole duty received under the
Mckinley law for 1892 was SOS. SO. 452. The
duty estimated under the Wilson bill Tor
like period would be Sl22. J,6jS, an
estimated decrease Of S7j.7077@.