The sun. [volume] (New York [N.Y.]) 1833-1916, 1913-09-01
Senate Committee Will I'rre 6
Per Cent. on More Than
$5OO,OOO.
OTHER FIGURES STAND
Long Fight Is Expected in
Caucus Over the Projected
Change.

"HShiNorVN, Auk Sl.-Tne SenAte
Finance Committee has decided to in.
crease the income tax rates on large In.
comes. This Is a conceSsion forced by
the revolt which started among Demo.
Gratis In the Senate against the rates in
the income tax provision Of the tarifY bill
az II came from the House. To.niehts q
change marks the beginning Of a ten.
dency which has been predicted ever since
the income tax bill was introduced 10 shift
the burden increasingly upon men Of large
wealth.
The change adopted by the Senate Fl.
nance Committee tonight does not 70 a.
far. however. as many Of the Democrats
insisted on the floor Of the Senate and
there is likelihood that there will be fur.
ther trouble In the caucus which 10 to be
called tomorrow or Tuesday.
The exact rates fixed were not given
out tonight. but II 10 known that the max
imum is per cent This is the rate that
will apply to all incomes over 100000 q
year The rate suggested by many Demo-
Gratis on the floor Of the Senate was : per
cent, and some Insisted on making II az
high as 10 per cent. The rate In the bill
as II stands now Is 4 Fer cent. on all In.
comes over 100000 a year. but this In.
cludes the l per cent. so-cslled normal
TAX on the first $4,000.
Other Rates Uachansed.
The rates on all incomes under 800. 900
remain unchanged. That 10. there will be
a normal tax OF I per cent. on the first
100000 and surfaces as follows: One per
cent. additional on the next $4,000 and
. per cent additional on the next $50. 900.
1t Is understood that the committee has
decided to levy Z per cent on all incomes
from 100000 to &250.o0o. s per cent. on
incomes from S26o.O00 to 100000 and 8
per cent. on all incomes over 100000.
These latter rates include the normal
tax Of l per cent.
The burden imposed ny tO-ntghts in
crease will fall upon comparatively few
persons In this country. Treasury experts
estimate that there are $500 persons
. with incomes ranging from 100000 to
'3250.000 a year. Over the 9260.o00 mark
and up to $500, 900 there are. according
TO the Treasury estimates only $50 per.
sons who will be taxable. The experts
estimate that there are but $50 persons
in the country whose annual incomes
range from a5oo.o to n.ooo,ooo. and
>pnly one hundred whose annual incomes
are in eAcess Of 100000.
Under the proposed new rates, the man
who had an annual income Of 100000
would have to pay "A tax Of $lS.+60. and
each Of the men whose incomes amount to
as much as 81. 900. 900 a year would have
to pay S43.i60. The Treasury experts &C.
knowledge that ..eir estimates OF the
number OF persons in the United States
having these enormous incomes are BY no
means certaiyIlolut they are confident that
their figures are below the actual number.
They arrived at their estimates by taking
the incomes that were returned back In
the days Of the income tax under the
Cleveland Administration and then COM
putting the present day incomes on the
basis OF the known increase In wealth
since that time.
Rates on SMALL lseenes OpDsseA.
There is,a likelihood that the Demo. |
cratic Finance Committee Will have
trouble in the caucus also In regard to the
rates imposed on the lower incomes. Sew |
erai Senator's while demanding bopstink
Of the taxes on those who are enjoying |
great wealth insisted on . lowering OF
the rate to be levied on the smaller in |
comes. |
Another important matter was decided |
at to- nights meeting Of the Finance Com |
mittee. The committee decided to stand by |
its amendment In REGARD to the importa- |
ton of the plumase Of wild birds into
the United States. This section Of the
tariff bill has caused . lot Of trouble. The
Audubon Society Of New York and other /
similar organisations have for years
been carrying on q night against the un-
restricted importation Of wild bird plum
age into this country. They contsndsd
that II It continued bird life In the United
States and throughout the world will
no threatened with decimation. The House \
adopted q provision that was satisfactory
TO the naturalists. but <his was changed
in the Senate. Tho promoters OF the
legislation have contended that the New
York millinery trade brought about the
change and II practically nullihed the
original prohibition.
The Senate however. decided TO stand
by its amendment. and there win be Q
sharp hght between the two houses Of
Congress on this question.