The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1913-04-08
BY ASSOCIATED PRESS.

Washington, April THE demo
executive and legislative branches of
the government, today turned the
wheels OF legislation toward tariff re-
vision.
The leaders Of the house presented
to the country the tariff bill, volumin-
Gus in detail and radical In it's pro-
posed reductions. It represented months
OF work by the ways and means COM
nnfttee and carried the approval Of the
president
: Coincbdent with the introduction OF
the bill. the president was turning over
in his mind the questions of procedure
and strategy, upon which the success
or failure OF the measure depends. The
house ma jorfty Is assured, but the situ-
alton in the senate is admittedly far
different Seven of the ten demo-
cratic members Of the senate finance
committee, headed by Chairman Sim
that an attempt to put through a sin
gle tariff bill would prove hazardous
They contended the enemies of par
ticular schedules would vote against
the entire bill, If presented as a whole
The president said he did not be-
lieve any democratic senators would
shoulder the responsibility of defeat
ing the program of the party. Never
theless he decided to consult again
with Underwood, but after the con-
ference with him this afternoon he ad-
mitted he was still in doubt, but would
await developments. If it becomes APP
parent that single bill would fail, it
is not unlikely he will consent to the
segregation of the sugar schedule,
which is the greatest stumbling block.
As introduced today, by Underwood
the bill can be easily detached into
separate schedules should the neces-
sity arise.
The democratic house caucus will go
over the bill tomorrow.
THE INCOME TAX.
Included in the democratic tariff re-
vision bill introduced in congress to-
day is an income tax section which
would require every resident of the
United States who earns more than
$4,000 a year to pay a tax of one per
cent on his earnings in excess of the
exemption.
This would not require the man who
earns $4,000 to pay a tax burt 1t would
demand that the individual who earns
s4.100, for example. pay into the gov
ernment treasury an annual tax of one
per cent on 500, or 81.
The bil1 also would provide higher
rates of taxation for persons with
larger incomes, adding a surtax of one
per cent additional on earnings in ex-
cess of $4,000, two per cent additional
on earnings in excess of $4,000, and
three per cent additional on earnings
in excess of 100000.
Under the surtax provisions the man
who earns only $4,000 would pay to
- Mt oh of
OF one per cent on $4,000 $4,000 ex-
empD or $3.50. IF he earns $4,000 he
would pay one per cent on $4,000
still and two per cent On SO, 1000, thus
making his annual tax $3.50. The per
son with a $4,000 income would nav
one per cent on $4,000 and two per
cent on $4,000 total tax of $3.50
The man with an income of 500. 600
would be required to pay one per cent
on $4,000. two per cent on $50, 600, and
three per cent on $500 which would
be $1,000, bringing his total income
tax to S2,260 The individual with a
net income Of a million would pay ST.
260 on his first 100000 and in addi-
ton he would pay four per cent on
$780, which would bring his total
tax to sSS,260.
The bill also would re-enact the
present corporation tax law imposing
d o1IS pei Ccal LAX On the earnings or
corporations, stock companies, insur-
ance companies and the like, but it
would exempt partnerships. This is a
fat tax, there being no graduated
scale as the earnings increase The
few changes from the present corpo-
ration tax act concern chiefly the time
of making returns ond the time for
collection. The bin also includes under
its provisions supply and earnings in
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