Arizona republican., 1894-01-19

At this point the house took recess
until O'Clock tonight.
At the night session Sibley, Democrat
of Pennsylvania created something of a
sensation by little speech against the
Wilson bill He said he did not believe
that the tariff made or unmade prosper
ity. He would support, he declared,
revenue tariff bill such as was demand
ed by the Chicago platform, but he
would never vote for this bill, which
was hybrid, half free trade and half
protection, with the vices of both and
thelvirtues of neither.
Other speakers were McKeighan, Re-
publican, of Nebraka, De- Forrest,
Democrat, of Connecticut, and Russell,
Repu blican, OF Connecticut.
The Income Tax Agreed Upon.
WASHINGTON. Jan. 1S.-The full text
Of the internal revenue bill including
the income tax has been agreed upon
by the Democratic mem mbers of the WAYS
and means committee. 1t is proba BILE
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 it will be submitted to the house.
The bill provides that the income tax
shall 60 into effect on January l, 1895,
and the first collection on incomes will
be made on July l, 1895. All classes of
incomes are included in the measure
and uniform rate of two per cent tax
on incomes over $4,000 is fixed. 1t is
made obligatory on all persons receiving
incomes of over $500 TO make returns
to the local collector of internal revenue.
These returns are gone over by the
revenue collector and a tax list
is then made up of those whose
| incomes exceed $4,000. No tax is lev
led on those making returns OF above
So, 500 and under $4,000, but the COM
mittee deemed it expedient to leave a
margin of $500 below the exemption
point in order that the returns might
be sure that all subject to tax may be
included. In the case of person hav-
ing an income of over 50, 500 who fails
to make returns, it becomes the duty of
the revenue assessor to make inquiry as
| to the amount of the person's income
If the examination discloses an in
come above "a 900 the income is sub
jected TO twice the ordinary tax and the
party failing to make returns is deemed
guilty of criminal offense and is made
subject to a fine and imprisonment.
The main purpose in framing the above
provisions has been to avoid the 1nqui-
sitorial operation of the law. The COM
mittee believes this Will do away with
the necessity of having assessors prying
into the private business of people un-
less the latter have taxable incomes
and try to evade the law. 1t is esti-
mated that not more than 1000 per-
sons will be subjected to this tax, so
that the great majority of citizens will
not have to make returns.
Provision is also made by which no
information can be made public as to
details of income reported by citizens.
Any public or private person who di-
vulges any part of the information con-
cerning incomes is made subject to
criminal prosecution with heavy fine
and penalty. Particular provision Is
made for the collection of the income
tax due on salaries not only of officials
but on individual salaries received from
business firms, corporations, etc. An
individual receiving an official salary
does not pay the tax and 1t is made the
duty of every government, state, county
and municipal dis bursting officer to re-
tain two per cent of all salaries oyer the
taxable amount. This two per cent
will be taken out of the salaries in
bulk at the last payment of the salary
for the year.
The tax upon corporations includes
every phase of corporate stock. This
tax is general aDd without the $4,000
exemption allowed individual incomes.
1t ia provided that including the tax on
corporate stock the corporation shall
from the dividends of stock holders. II
is made the duty of each corporation to
take two per cent of each annual corpo-
rate income from the amount set apart
for stockholders and pay the total to
the internal revenue collector in that
locality. Severe penalties are provided
for failure to make proper reduction
from the dividends of stockholders OF
for failure to make return to the reve-
nue. collector.
The entire business of levying and
collecting the tax is placed in charge
OF the deputy commissioner OF internal
revenue. Different revenue districts
are also provided with deputy collectors,
who will especially manage the collec'
tion of the income tax.
The measure finally agreed upon is q
detailed elaboration of plan for an in
come tax proposed some months ago by
Hall of Missouri.
Ladies' old shoes made to look like
new ones. Kid dyed over and new
soles put on same as when new, at the
Phoenix Shoe Factory, 81 W. Washing
ton St.