The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1894-02-01
THE new INCOME TAX BILL.
ATAx OF TWO PER CENT.
To Be Levied on the Incomes of All
individuals. Both civil and
Military.

summary Of the new national revenue
bill. of which the income tax bill forms the
principle feature, is as follows:
The bill provides that the income tax is
70 go into effect January l. 1895 and that the
ntst CORRECTION OF incomes IL to be made on
jury ], 1910. All classes OF incomes are in
ciuded III the measure aud the uniform rate
OF per cent tax on incomes over 5000 is
fixed.
The most important detail Of the bill Is
The metnod proyld- q for the levy and COL
lection OF taxes. Ii il made obligatory on
All persons receiving individual incomes OF
over Sj,5lJ To maze a return to the local
collector OF Internal Revenue. These re-
turns are gone over by the Revenue Col
rector and ataxaole list is made up OF those
whose incomes exceed 81 OOD. No tax il
levied on those making n return of about
s",NO and unoer $1,000. but the committee
deemed u eNpei.eni 10 leave this marlin of
900 below Tie exception point IN order that
the returns might Le sure to show ali who
are suhieCt tu the tax
IN Chst Oi person havinga income OF
over ~ 'nu iniis TO make return IL becomes
the du Oi The revenue assessor to make
inquiry as to tle amount OF the persons in
come.
IL this examination disclo,es that the in.
come j. above sluUO the income Is subject
Ell 10 twice the ordinary tax under the law,
'.-'H Wv f'lN idillHL lO make his return IL
deehitd guilty oi criminal ofIense, and is
hai" 'ltujcCt To hne and imprisonment.
me mann pun O,e III framing the above
|r)'Isi II mas been To ayo Il an inqlisitor-
laI oIefhtiun vi the law. The committee
believe that IL vi do away with the neces-
'tN ol having assessors pry into the priv.
ale Lu, nrss oi people unless the latter have
ihAatie income aud try to evade the law,
u - esliinnied that not more than 5000
lcis H. VIII be subject to tbis tax so that n
goat majority OF citizens will not have to
take returns.
revision Is also made by which no in
formation can be made public as To the de.
TAI OF the income reported by citizens. III
'uch "details become puplic they might in
yure The credit ul a firm or individual For
lbat reason any public or private person
VINO dINuigeS any part of this information
concerning incomes is made subject 70
criminal prosecution with heavy line and
penalty.
Iarncular revision is made for the co.,
ltclloh ol the income tax due on salaries,
not oniN OFT lal salaries, but the salaries of
individuals recei ed from business firms
corporations dc. lne individual receiving
'he salary doe, not pay the tax. but IL Is
IhAue The duty OF every Government. State
county aud municipal disbursiug officer to
retain per cent. ol all salaries over taxable
amount Ihis per cent N To be taken ont
oi III" salaies IN bulk ~ the last payment
oi salaries 'or the year. The tax upon cor
rorntions includes every phase of corpora
ION STOCK. his TAX j. general and IL with
oui Tue siOOO exemption allowed TO indiyi-
iial incomes It Is provided that IN col
i'c.inE the Tax on corporate stock. the cor
I"rai ON shall pay the tax and deduct the
amount from the dividends OF the stock
holders. IL ~ made the duty OF each cor
portion TO take per cent. OF each annual
corp rate income from the amount set
.lIhrt for each Sfnnk hnI,tar
iual lo the Internal Re,enue Collector OF
The .ocaiity. severe penalties are provided
Tor iailtue tu make the proper reduction
from the DIVIDENDS OF stock holders. or for
"A iailsre - make the return TO the Revenue
Collector.
Then follows the balance of the internal
revenue bill, consisting OF "A tax on whisky.
playing carus, etc
section 10 provides that after blank date
e two cpr'-