The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-29
IT SHOWS AN INCREASE
Annual Report of the Internal
Revenue Commissioner.
S11,500,000 IN EXCESS
Various Amendments Recommended to
Existing Laws-Seme OF the Present
Taxes Fall on the Poorer
Glasses.

Washington, Nov. 2s.-Commissoner
George w. Wilson of the internal reve-
nue. bureau, in his report to the secre-
tary Of the treasury of the operations
of his office for the fiscal year ended
June 80. 1899, shows that the receipts
from all sources aggregated $273, 4S4, 57S,
an increase over the preceding year of
s72, 617, 900.
Figures are also presented showing
that the receipts for the first four
months of the present year amounted
to $10S, ,4s5, an increase over the re-
ceipts for the corresponding period last
year of $9,37S,3O7.
While it may be possible, the commits
sioner says, that this large ratio of in
crease will be maintained during the
current year. he is Of the opinion that
it would not be wise to anticipate such
rise. All things considered, the COM
missioner estimates that the receipts
from all sources for the present year
will approximate a2S5, 100000, which is
about $11,500.000 in excess Of the re-
cetpts for the year closed June go,
1899.
The commissioner also recommends
numerous amendments to existing laws,
including the following: Amend the
third paragraph of schedule A. relative
to bank checks, by adding after the
words order for the payment of any
sum Of money" the words 'or receipt
given for withdrawing deposits from
banks other than savings banks"
Amend section 20 in the first provi-
sion of the war revenue act by add
ing after words that no stamp tax
shall be imposed upon any uncom-
pounded medicinal drug or chemical
the words except such as are sold
under a claim of patent, trade mark
or proprietorship.
Amend section l3 by adding to the
first provlso after the words bonds,
debentures or certificates of stock or
of Indebtedness the words "or any in
strument, document or paper of any
kind or description Whatsoever men,
toned in schedule A, Of this act
Amend section rs, act Of June 10, 1898,
relative to stamp tax on partor car
and sleeping car tickets by providing
a penalty for failure to affiX stamps.
The commissioner recommends
amendments to the war revenue act
providing that estates in this country
of persons residing abroad at the time
Of their death shall be taxed the same
as the estate of persons residing in this
country.
q In order to afford better facilities for
the general distribution of document
airy and proprietary stamps, 1t is rec
commended that purchasers of such
stamps shall be allowed a discount of
not less than 2 per cent when pur-
chased in quantities of not less than
800.
1t is further recommended that the
law be amended SO as to provide that
undivided profits shall be treated as
surplus in estimating the tax due from
banks.
The commissioners says that he sees
no special reason for singing out COM
mercial brokers and requiring a spe-
cial tax from them, especially as the
tax falls, in the main, on poor class
Of people. He recommends, therefore,
that the tax to commercial brokers be
repealed, or that other classes of bust
ness, such as commission merchants
| and real estate agents, be also required
| to pay special taxes.