The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-01-23
FULL TEXT OF
INCOME BILL
Finally Reported 10 the Full House Commit
tee and Made Public.
Vain efforts TO Cause DELAY
Quorum Was Obtained just in Time
to Defeat Cockran-lncomes Above
Four Thousand Dollars Are Taxed.
The Glasses of Incomes Exempted
Are Comparatively Insignificant and
the Tax on Spirits Is Raised.
WASHINGTON, Jan. 90.

GPHE internal revenue bill, inolud-
ing the income tax. was sub
mitted to the full ways and
u means committee this morning
and then made public.
Representative Cochran eudsavored
to secnrs delay. He raised the point of
no quorum. The Republicans of the
committee di not vote. Cochran and
Stevens also refraiued from voting
The other Democrats voted to make
the quorum, but they numbered only
eight. one short of the necessary
quorum. A hurried search was made
for Representative Bryan. vino hap
pened to be- absent. He came in, and
this gave the necessary nine to do bus
mess.
CoCKRAN's AMENDMENT.
Mr.. Cochran offered an amendment
to the first section Of the bill, but pend
ing the consideration of it the commit
tee took recess and ordered the bill
given to the public.
The title of the bill gives its essential
purpose: "a bill to impose a tax on
corporate aud individual incomes. to
increase the tax on distilled spirits,
and for other purposes. g."
The first section provides:
That from aud after Jan. l, 1895, there
shall be levied, collected and paid annually
upon the gains. profits and incomes Of
every person residing in the United States,
or any citizen of the United States reSid.
iug abroad derived in each preceding cal
rndar year. whether derived from any
kind of property rents, interest, dividends
or salaries, or from any profession, trade,
employment or vocation carried on
in the United States or elsewhere,
tax of 2 per centum on the
amount so derived over and above a. 000,
and like tax shall be levied, collected and
paid annually upon the gains, profits and
ihcome from all property aud OF every
business, trade OF profession carried on in
the United States by persons residing with
out the United States and not citizens
thereof and the tax shall be assessed and
paid upon the gains, profits and incomes
for the year ending the 3lst day of Decem-
ber next, preceding the time for levying,
collecting and paying said tax.
The definition of profits Is specified
very broadly 80 as to cover all incomes
from notes. bonds (other than United
Stntes bonde), real estate. sales of live
stock, pork, sugar, wool and other pro.
ductions,
Except that portion of the salary or pay
received for services in the civil, military.
naval or other service of the United States,
including senators, representatives AMI
delegates in congress, from which the tax
has been deducted, and except that por-
tion of any salary upon which the EN-
ployer is required by law to, and does,
withhold the tax and pays the same to the
officer authorized to receive it,
Provision iS made for dsducting
losses by shipwreck and by trad de.
pres5ons from the aggregate of profits
Section 3 makes it the duty Of all
persons having an income of over
$8 500 to render a return. All guar
dians, trustees, etc. must make simi-
lar returns for their charges The re-
turn is to be made to the deputy COL
lsctor of internal revenue for the
district, who is specially charged with
levying the tax The return is to be
verified by oath or affirmation. The
bill further provides:
And in case any person having taxable
income shall neglect or refuse to make and
render such list and return, or shall render
false or fraudulent list or return, it shall
be the duty Of the deputy collector to
make such list, according to the best in.
formation he can obtain by the eXamina-
ton Of such person, or his books or ac-
counts or any other evidence, and to add
80 per cent. as penalty to the amount of
the tax due on such list in all cases of will
full neglect or refusal to make and render
list or return: and in all cases of false
or fraudulent list or return having been
rendered, to add 100 per cent. as q penalty
to the amount of tax ascertained to be due.
Appeal from the decision of the
deputy collector is provided. The tax
is payable July /, annually. and after
that 10 per cent. is Immediately added
on sums in arrears over ten days, and
also 1 per cent. per month while the
tax remains in arrears.