The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-08-15
they PRAY
FOR A VETO.
Here's What the Income Tax
Means to Metropolitan
MillioDaires.
$4,000 FROM W.W. AsT0R.
And John D. Rockefeller May
+ Hsvs TO Give Up Sl52,225a
Year to Uncle Sam.
SAD ABOUT "HET1Y" GREEN.
riRssr Wsman, Ills Estimated that the
Collectors viii Be Unkind Enough
to Ask Her for $4,000.

! .H;nillionaires ever pray. and the most
humble man will admit that men OF
wealth are sometimes supp,iant, 1t is
to be presumed that there are many
silent petitions being sent forth that
President Cleveland will veto the Tariff
bfii, and thus kill the provision for the
-leyying of an income tax.
Although the per cent tax provided
for e1sincomes OF more than 1900 VIII
be q contributor OF but one dollar out
OF nifty 20 Uncle Sam, 1t is generally
believed that in many mansions the
wealthy owners look upon the tax as
great hardship.
The tax can now be stopped only by
President -Clevelands veto, and the
wealtl1y. who are praying for that. must
realize that they are hoping for what
other persons consider highly improb-
able. '-'-
e~. Nearly Two Years Yet.
They have until July, 1896 however. to
save the cash that the country de-
: hfands, and then the per cent. tax on
incomes I'm excess OF 1900 earned in the
year 1895 will be due. Only the excess
OF w. 900 is to be taxed and II II Is not
paid each year on or before July l a
penalty OF per cent. and Interest at
(, the rate Of per cent. month Is to be
II Il estimated by Treasury experts
that the reyenu1 derived from the in
come tax will be $4,000, 900 a year. Other
e es,@ates Or va t6is fr %ew m ="
wealth and others not termed wealthy.
but who live comfortably on more than
1900 year, will pay large proper
tioh.
Poor Russell Sage.
Russell Sage will contribute. about
has one, will be obliged to do a little
over q days work for Uncle Sam:
1t is for those who talk of hardships
in the income tax to determine whether
the clerk will give over his $50 or Uncle
Russell his $4,000 with most regret
The distinction Of being Uncle Sans
William s'p Waldopf V astor WI" Bu, 0e them h is
Income 10 about $500. 800 a year, 30 his
bank account will not suffer to any great
srssn because q to he Goy
Aston, Russell Sage and the Jay Gould
state follow In the order named OF the
iount OF income tax to paid by each.
:. Id signs the Tariff bill or allows it to
come a law.
There will be some fair hands, too,
that Will count out cash to the internal
revenue collectors.
ana the women, TOO.
II will cost Mrs. Bradley Martin, Mrs.
Anson Phelps Stokes, Clementina Fur
Miss and Sophia Il. Furniss about SlO.-
900 each II the bill goes on the statute
books, and II Mrs. Hetty Green doesn' I
succeed in. lodging the collector 1t n
$4,000
The feelings OF the millionaires who
are to be taxed. IL Mr.. Cleveland says
50. may be partially alleviated by the
fact that the net earnings of corpora
tons are to be taxed before being paid
out in dividends, SO very few rich men
will be obliged to give over the entire
amount Of their tax in a lump sum Like
men who buy their cigars singly instead
OF by the box. because 1t doesn't seen
to cost so much. they may thus be
kept from believing themselves ON the
verge OF bankruptcy when the Tax Col
lector comes around just before the
The income tax is not law
. yet, however, and as II MAY
be interesting to know of som,
of those whose thoughts are probabl,
concentrated on the single hope tina
President Cleveland will veto the bill
list of New York and Brooklyn million
aires IL appended In the estimation o
the income tax. no account Is taken o
the $4,000 exemption.