Omaha daily bee., 1909-05-10
Money from Income Tax Last Fiscal
Year Was $l65,000,0o0.
MORE THAN EXCISE OR CUSTOMS
Two Thirds of Amount Collected in
England Paid Indirectly,
SENATE STILL CHEWING TARIFF
Talk VIII Not He Conaned TO Pend
ing Amendments, but wiz Range
over whole Field Of
Politics,

WASHINGTON, May "a report which
constitutes an important contribution to
the current discussion Of the proposed in
come tax is made TO the bureau Of manu-
facturers of the Department Of Commerce
end Labor by Charles NJ Perper the spe-
ctal agent who has been investigating fiscal
sffairs in Europe.
Mr. Pepper says that for the fiscal year
ending March 81, 1909 revenue from the
ircome tax in Great Britain was 3i6S, ,O00,0oo.
This tax in 1905 was the greatest single
source of revenue, exceeding the excise,
imposts by 81 $4,000 and the customs re-
ceipts by t2s,oOOOOO
II is explained In the report that the tax
is imposed for every % shillings Of the
annual value OF certain profits which are
set forth under the various schedules COM
prising the source of income. Two-thirds
of the tax is paid Indirectly. Collections
include the tax on land paid through the
ter ants, on dividends paid from the offices
OF public companies and on consols paid
through the Bank Of England.
sun Chew ON TariH.
The tariff bill will continue TO receive
the undivided attention of the senate dur
| ing the present week. Ostensibly the
amendments TO the different schedules will
be before the senate, but there will doubt
less be much general discussion Of the
| whole tariff question. The bill has aroused
degree OF opposition among republican
senators which had not been counted upon
| and while the finance committee 10 still
| confident that ii will be sustained IN It's
| position, there is little effort on the. part
| of It's members to conceal the fact that
! they are annoyed over the situation be-
cause Of the delay. IL fer no other reason.
The general opir ion is that in the end the
committee will prevail. but every turn in
the pathway OF discussion opens up new
vistas, SO that apparently the end is still
| apparently far off.
There Is tsle~ Of leHs ,bsnns the hours
! OF daily sittings. but there is fear that if
this course is resorted to it will have the
! effect of antagonzing 10 a still greater
degree the opponents OF the measure and
of thus creating delay rather than expedit-
! ing the measure. No announcements for
the delivery of prepared speeches have been
made but this circumstance is nowhere
regarded as an indication that the supply
| Of oratory has been exhausted.
| Philippine Tariff in House,
/ In the mouse the Inlllpplnc tdTllt Dll
will be reported tomorrow and there will be
an effort to consider It on Thursday If
there should be objection on account of
the absence Of a quorum, recess will be
taken until Friday, when the house will
proceed with the discussion of the BILL
There is little or no opposition to the bill
Owing to the shape in which the debate
in the senate has assumed most of the
prophets are extending considerably the
day fo final adjournment The members
OF the finance committee are by no means
as sanguine of early adjournment as they
formerly were and some senators are plac-
ing the date as late as the first of August
It probably will not, however, be later than
July l.
Small Incomes Exempt.
Incomes under $500 are exempt from the
tax and graduated abatements are al
lowed on incomes between $500 and $500.
In determining the yield from the tax,
which at one shilling in the pound is nom
inally per cent attention must be paid
to the rate of charge, The lowest rate in
the last half century has been a fraction
over ! cent on the dollar. Since 1896 the
highest rate has been about 30 cents to the
five dollars.
| Tables are given showing net receipts of
I the tax for each year since 1895. In 1907
the yield was Sl59,OOOO0O as against 800
| OO0, coo In 500 Both the gross amounts and
the net incomes increased in the ten years
previously covered up, that the iu-
creased amount can not always be taken
as a fresh addition to the national wealth.
MIR. Pepper analyses the various sources
from which the tax is drawn and shows
| that the principal source comes under the
| group of businesses and professions and
particular properties, such as railways,
canals and mines and foreign and colonial
securities. The next leading source OF
revenue is from profits from the owner
ship OF houses and lards.
Outside Investments Pay.
| A very interesting feature of the British
| income tax is the amount received from
| investment abroad. In 1901 the income dis
closed from this source was 1896, 10000. but
! there is a large amount of income from
abroad which cannot be Identified as such
| in the assessments.
Since two-thirds of the tax is collected
Indirectly, 1t is not possible to give the
exact number of individual income tax
payers. Businesses and professions and
employees OF the government and public
companies paid taxes on S3,0O0O0O0c
Twenty individuals aud ninety-two firms
paid assessments on incomes OF $4,000 and
upwards. Assessments on incomes ranging
between So 900 and $4,000 numbered 400
and from $4,000 to $4,000 1900
The assessment incomes between $500
and 1900 numbered 23sOO0 and on incomes
between 1900 and $3.50 2OS.OOO
MI. Pepper says the budget submitted to
parliament a few days ago increases the
rate OF charge on all incomes and adds a
supertax OF pence in the pound on in
comes exceeding $4,000 a year. Thes.
| charges are expected 10 yield 12sOOoOO0 ad-
ditiOnal revenue,