The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-01-23
INTERNAL REVENUE BILL.
.,r Yr1sURE As REPORTED TO TIE
u,ys AND MEANS COMMITTEE.

,...,s. Of Corporattous, asd on the sal
=. or orciaIs II the Civn ara Military
s.r,,oe IN E1ee-s OF st,ooo-n Lsvis-
r.. IN PIayinE Cnrds, and Also Increases
IN. Tax on whishsy 90 81 per Gallon.
v,sutxeroS. Jan. 22.-The following 10 the
Az, Of the proposed Internal Revenue bill
V.I,td hefore the full Com mlttee OF Ways and
u,.ns this morning and a. subsequently
.nanded by that committee 10 It's session to-
day .
,nuto ,mpo.s tax on oorporats and individual in.
-, 10 Increase the tax on Distilled Spirits. and for
siasr purposes - 49,
rh,, rom and after the hrst day Of January, 1925.
shall be levied collected and paid annually upon
"A. cana PROFITS and income OF every person residing
a. IN. rnited states or any citizen OF the United
s,,,s, residing sbrosd derived Nh each proceed
,pr calender yssr, whether derived from any KIND
AZ property rents interest dividends. or ssarcs or
,,om any profession. trade employment. or vocation
,.,rsd on IN he United states or elsewhere tax ot
TOO psr eentun on the amount so derived over and
above o. 90 and Ike tax shall be levied collected
and paid annually tue gains. prons. and income
from all property and Of every business trade. or pro-
,,.,cu carried in the United states by persons re-
aiding without the United states and not citizens there
~ And the tar herein provided for shall be assessed
collected and paid upon the gains profits and income
Tor the year ending the 3lst day OF December next
pr.ceilng the time for levyiug coleetng and paying
said tax.
SIC 2 In estimating the gains profits and income
Of any person there snail be included ait income de-
nv,d from interest upon notes bonds and other Sc
eanues eAeeps su'" U. o, 49,, ~, r.s.s.
N'hsl'w OF ,hs'r issuance exempt from all Isdsra.
$500, nurcb,..I rith,n IN. year or within two
rear, previous to the year for which income 10 esti
mated; interest received or accrued upon all notes
bonds MORTGAGES or other forms OF indebtedness bear
Ing interest Whistler paid or not IL good and coect
wAs.h ~ A0a
bic less tne h,ere. wn'sa mss u%e rom sA'u
s"" Oo.. or oo.Oon, me amour, Of .... Of ,.
.toe., sugar wool butter. cheese. pork. beef
mutton or other meat. hay and grain or other vos.-
table or other productions tens the growth or prod
@ OF the AL
and tn. share of any person of the gain. or prou. OF
ell companies, whether Incorporated or partnership.
Who would D. sn'l,'a 10 me same divided whether
,...ir.a from institution. or corporation. who's.
oms,r a. required BY law. withheld per een,um Of
til. dividend. interest. gain. pront. and ineom.
made by such institutions and pay the same to the
authorized to rscs,ve the sams and except that
portion VI ,,,. =, pay " ~
IN, uui,.d State. including Senator. R.pr...n,.,ve
.Ds delegate. in Congress. from which the tax b..
been deducted aud except that portion of any salary
upon when me oy law TO and does
Withhold me tax. ana pays To. sam. 70 ths omeer
$50. -, $50. a.. ,...,,s.,.s. 49,,
S"mP' iroin 'neo"' 'aA' - here'hoei"te pro'iaeu'
oil national State, county. school, and municipal
,,... not I'm Tina. ga,n.t al
1900 '..' ~ o
Its PAID WITHIN tue year snail DO deducted from the
san, profits or income Of the person who ha, actu.
- -. a.. -. ,.h.,... - -. . -
AV PAu 'ne AAuie' "ue'ne' sueh po'on 10 owner
tenant or mortgagor; losses actually sustained during
IN. .,i.nv from FIRE. .hinur.ck or ,n,rr,.d -,
-. . -, a, 80 -. $50 y.
uaus ana not covered oy INSURANCE or onerwise ana
compensated for and debts ascsrtained to be worth
-. h,, =, ,i,dn All ..,r, "A ,.n,..,.,,on a, 81,
Vs. Ou' eNSuN'"s :" e''"eeN'op'ee's''o" VI 'a'ues
and losses within the year on sales or real estate
eh...d two vearn prsyiou. tn ths WAR for ~ hich In
--,- .-,,.S-,-s ~ "
eome 10 eshmateu-
Provided, that no deduction shall be made for any
.ronr, r.,d nm, ,or n.w nrua,r.. r.,u.,.., a..
s"'uu' P.'N wv 'o' nv" ounns'' pei"A"en' I'M
provements or betterments, made TO Increase the
value of any property or estate
v-..,.., ,..,s.- -, -. -. ..-,. -. =. 40
roNueu iut'ner' thAt only one aeuuo'ion OF sS.OoO
shall DO made from aggregate income Of all the en-.
A.. NJ .nx family eomno.sd of on. o- hath n.-.,,.
~. - - pS',. - - $500
and one or more minor chidron or husband and wife
that RuardIaps sh all be allowed TO make 4 dedueton
:, a, 80 A.. 60. :, :. - =. -, ----. -
"sAVoo IN ta'or o' ea"u anu e'o'y "Hu except 'naI
IN case where two more wards com prssu In
family and havs ,ont nronsrtv ,hs .gs,.r.,.
-,-.t-- a., a. -, 81, - =, :. . -.
aeuuctoh IN tneif FAVOR snail not exceed s$ooo; and
Provided further. that In where the salary or