Pocahontas star herald., 1914-12-11
new WAR TAX LAW
TO RAISE 105 MILLION
Uncle Sam Needs the Money TO Make
Up Deficiency Caused by FALL
inc Off OF Imports

The new stamp tax law to help.
the government collect l05 million
dollars, with which to make up the
deficiency IN revenue caused by
shrinkage in import duties since the
beginning Of the European war,
went mo effect December /. The
tax will be IN effect thirteen
months, until December 81, 1913.
Three classes Of stamps are pro
vided by the government for the
payment of the new taxes. one
class will be only for use on propre-
tary articles, another for wines, the
third for documents. There will
be 2l denomination in each set of
the proprietary stamps, ranging
from one-eighth Of cent, the smal
lest, TO twenty cents; the documen
tlry stamps ranging from one.half
a cent to 700. About the only
thing the $l 900 stamps can be used
on is a promissory note for five mil
lion dollars or a deed where the en-
cumbranced value conveyed will ex-
ceed one million dollars. The wine
tax will range from two cents
quart TO twenty. cents a quart.
The law puts a tax of one cent on
all telegraph messages or telephone
conversations for which the charge
is 10 cents or more, but the sender
OF the message does not afliX the
tax. The company charges the
sender one cent in addition TO regu.
lar charge and at the end of each
month reports to the government
the number of messages and pays
the tax.
On freight and express shipment
the charge for which is more than
five cents, the company shall give
to the shipper a bill Of ladlng OF
some other kind of a receipt and
the shipper must afiix to 1t one
cent stamp and cancel il. There is
no tax on parcels sent by mail.
The buyer of a ticket sold in this
country for passage by vessel to
foreign port costing from $40 TO $40
must pay tax of 81; from $50 to
$50, So; costing more than $50, So. |
Every seat sold IN a palace or
parlor car, and every ticket sold for
a birth in sleeping car is taxed
one cenG, to be paid by the company. |
Other taxes are: Protest upon a
note, bill of exchange, acceptance,
check or draft, 25 cents; power of
attorney to perform any act, 20
cents; indemnlfying bonds, SO cents;
certificate Of profits and, transfers
thereof, two cents on each 500 of
face value Of fraction thereof; Ger.
uicate Of damage, 25 cents; any
other kind OF certificate required by
law, 10 cents; each brokers' note or
memorandum of scale Of property
of any kind, 10 cents; each writing
of conveyance of realty, from 800
to 5000, so cents, and for each ad
dluonal $500 or fraction thereof,
so cents (there is no tax on any IN
strument given TO secure a debit;
entry of goods at customhouse, 25
cents for 500 or under, from 500
to $500, so cents, and exceeding
$500, 81; entry for the withdrawal
of any goods from customs bonded
warehouse, so cents.
On each policy OF insurance, a
tax OF one-half OF one cent on each
dollar or fractional part thereof of
the premium Purely co operative
aud mutual fire insurance policies
and policies of reinsurance are ex-
empt from the tax.
Each policy of indemnity insur-
ance, such as employers liability,
fidelity, plate glass, steam boiler,
burglary, elevator, automatic
sprinkler or like kind of insurance,
except life, personal accident and
health insurance, one cent on each
dollar Of the amount of the premium
charged. The same tax is imposed