The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1894-01-19
THE INCOME TAX PLAN
The Full Text of the Measure
Has Been Agreed Upon.
MAY Be SUBMITTED TODAY
Synopsis of Its Essential Features
Incomes Over $4,000 to Bear
Two Percent.
Associated Press.

Washington, Jan. 1S.-The full text
of the internal revenue bill, including
the income tax, has been agreed upon
by the democratic members of the ways
and means committee. 1t is probable
the measure will be submitted to the
house tomorrow. AS yet the details Of
the income tax have not been made
public. The Associated Press is able,
however, to give very complete sum-
mary of the essential features Of the
tax as 1t will be submitted to the
house. The bill provides that the in
come tax shall go into effect January
1, 1895. and the first collection on in
comes be made July /, 1895. All classes
of incomes are included In the measure,
and a uniform rate of per cent on
incomes over $4,000 is fixed, and II is
made obligatory on all persons receiv-
ing individual incomes Of over $500
to make a return to the local collector
of internal revenue. These returns are
gone over by the revenue collector and
the tax list is made up Of those whose
incomes exceed $4,000. No tax is to be
levied on those making a return of
above SO, 500 and under $4,000, but the
committee deemed it expedient to leave
a margin of $500 below the exemption
point, in order that the returns might
be sure, and all be subject to the tax.
In. case person having an income
over $500 fails to make return, it'll
becomes the duty Of the revenue as
SCISSOR to make inquiry about the
amount of the persons income. If an
examination discloses that hts income
is above $4,000, the INCOME is subject
to twice the ordinary tax, and the
party failing to make return deemed
guilty of the original offense and made
subject 10 Imprisonment. The main
purpose In framing the above provis-
ions has been to avoid inquisitorial OPP
Grafton of the law. The committee be>
lleve It will do away with the neces-
sity Of having assessors prying into the
private business of people unless the
latter have taxable income and try
to evade the law. 1t Is estimated that
not more than $4,000 persons will be
subject to this tax, so that the great
majority Of the citizens will not have
to make returns. A provision is also
made by which no information can be
made public as to the details of the
incomes reported by citizens. Any pub
lie or private person who divulgcs any
part of the information concerning in
comes, is made subject to a criminal
with heavy fine and pen,
atty. Particular provision is made for
the collection of the income tax due on
salaries not only of officials, but the
salaries OF individuals received from
business firms, corporations. etc. An
individual receiving a salary does not
pay the tax. but It is made the duty
Of every government state, county and
disbursing officer to retain
Q per cent Of all salaries over the tax
able amount This per cent is to be
taken out in bulk at the last payment
Of salary for the year The tax upon
corporations includes every phase Of
corporate stock. Severe penalties are
for failure to make the proper
reduction from the dividends Of share
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