The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1895-04-20
CUT DOWN ONE.7HIRD
The Loss In Revenue From In.
come Tax Decision.
ALDRlCH PUTS IT At $50. 900. 900
Attssssy- General Oisey Says The raa
Mast Ne Paid Nov without Ysr.
ttss Judicial Action.

Washington, April 1.-THE debates
ON tbs income tsx while the bill for it,
imposition WAS under consideration In
congress arc almost barren 0f figures
showing the comparative Importance Of
the incomes from rent and interest on
county. municipal and state bonds in
furnishing revenue to the govern
ment 1t does not appear that this
matter was touched upon in the house
discussion. and il WAS only casually re-
ferred TO in the senate. senator AID
rich Of Rhode Island prepared . state
nent placing the revenue likely 70 be
derived through the income tax ut
500. 900. 900. and crediting rents and
public bonds with about 80 per cent Of
the amonnt Senator PETER, who
made the principal speech In the senate
IN advocacy Of An income tax. did not
10 into this branch Of the question 1t
all. hut ne said today that he was Of
the opinion that between o, 600, 600
and 1000, 600 Of revenue would have
baen derived from these two sources IL
the supreme court had allowed them TO
stand. and he added he thought this
amount would have been about two
thirds Of the revenue produced by the
income tsx
The census reports show" he
SAid. that Sc per cent Of the people Of
the United States are renters, and il is
io be inferred that about this proportion
Of the Land is occupied by renters. The
Land Vi the entire country. with i'm.
provements added. il put down ~ worth
tSs. 5sa.5 sa.32S. OF this amount t2o,-
oO0. 600. 600 worth il rented. The
rental on that amount out Of the aver.
age rate Of o per cent would lie g..
600. 600. 600. Just what proportion Of
that would come under the law is an.
other matter. and that could not be
gotten at accurately. but let US assume
one-quArtsr Of il, or $3.50, 600. 600
worth, would te taxable income. That
would give %. 600. 600 Of income tax.
and that, ! think. is a very low esti-
mate. The bonds. municipal, county
and school district, which would be
subJ.ct 10 the tax. would amount 10
$500, 2iS.oo3. Take one-Quarter Of this
amour, Al ooming within the copera.
ton of the law and per cent on this
amount, we have -. 53l .oe5. or total
in the two items Of about ~, 500. 600. A."
Late this afternoon Commissioner
Miller decided TO require all persons
who have made returns 20 make All
daSit 90 the facts as To the amount Of
income from rents and bonds. and those
who have not yet sent in their returns
to make necessary correction thereon
before doing ~. II seems probable
the final decision will be that yes,cr.
days opinion in effect exempts incomes
re~ivcd from bonds and rents, the lat.
tar Ia L. strictly defined as the amount
the landlord derives from his tenant.
In computing income il is believed /,
would bc held that insurance. ordinary
repairs and taxes on exempt property
may he properly deducted. In that
case IL Is probable the courts will be
called upon 10 explain just what ycster-
days decision intended TO exempt from
the tax
Private Secretary Thurbcr' s attention
hNthk VA Wv ttats1ailsIlt NbulAlutn
In the Washington papers today that
the president WAS being flooded with.
kilograms from all parts Of the country
appealing Ia him TO call an extra ses.
sion Of congress Ia repeal the income
tax law. said not one single telegram
or communication had been received on
the subject.
Attorney General olncy made the
following statement today to corre.
spondcnt: 80 far as the lower courts
are concerned the division Of the su.
prcme court on the income tax law is
as binding As II the whole court had
been unanimous in its favor I can.
not believe any judge would grant an
injunction 10 prevent collector from
collecting the tax on incomes derived
from other sources than rents or state
and municipal bonds in the face Of the
supreme courts action. The only way
I can sec by which persons who object
Ia paying the tax can secure judicial
action is by paying the tax under pro-
test and entering suit for its recpvery, "