El Paso herald. (El Paso, Tex.) 1901-1931, 1916-09-06

net income exceeds $4,000 and does
not exceed $4,000, two percent S4O,vVo
to $50. 600: three percent, S'o.Oeu 10
$4,000. four percent. Ss0.oOU 70 STU
600: five percent. s100. 900 TO Sl5oooei
six percent $3.50. to S2oO.O O0. seven
percent. $4,000 TO S25o.000: eight per
cent S25O.O00 TO 100000, nine percent
5000. 900 TO 100000; ten percent, S2yV'-
OOO to $1,000, 600; IL percent Sl,00e.0oV
to $500. 900. u percent Sl.50o.OoO To
s., OOO. 900 and IS percent on the amount
by which the net income exceeds
100000.
Corporation Tax Renewed
The corporation income tax IS re-
newed. exempting labor, agricultural
and horticultural organizations mutual
savings banks not having capital stock
represented by shares, fraternal bene-
ficiary societies. domestic building and
loan associate civic organizations,
federal land bank and national farm
loan associations.
Special Taxes Imposed.
Special taxes are imposed as fol-
lows
Inheritance tax. on transfer OF net
estate OF descendants dying after
amount Of such net estates not in ex-
cess of $50. 900; two percent. $4,000 To
$50. 900. three percent. $4,000 to
s250.000, four percent $230,ee0 10
$3.50 900. five percent, $4,000 to
81 OO0. 000- six percent on 81, 200. 900 TO
1000, 900. seven percent on S2.OOOOOu
to s.. 1000. 900: eight percent. s3.000.O0O
to S4.O6O.000. nine percent 100000
to s5.000.O00 and ten percent on the
amount by which such estate exceeds
100000
Tax On Munitions.
Munitions tax: ten percent on net
profits Of manufacturers Of gun pow
der and other explosives. cartridges
loaded or unloaded. except for indus
trial or sporting purposes. prOjectiles,
shells, torpedoes. including shrapnel.
unloaded OF loaded: fuses or complete
rounds OF ammunition fire arms Of
any kind and appendages. including
small arms. manufa ctured and used for
military purposes. cannon. machine
guns, rifles and bayonets. electric
motorboats and submarine or sub
mersible boats: these taxes TO be in
force until one year after the European
Liquor and stock Tax.
Liquor taxes: Beer $50 barrel
still wines eight cents per gallon
champagne or sparkling wine three
cents on each half pint OF fraction
thereof; artificially carbonated wine
2lk cents per half pint; liquors con
tanning sweet wine ! L cents per half
pint and not containing sweet wine
one-half cent per pint
Stock tax: Fifty cents for eacn
$1,000 OF capital. surplus and undivided
profits of corporations, joint stock
companies and associations with CAPT
tai in excess of $4,000
Special taxes PawnbrOkers $50
wear: ship brokers $50; custom house
brokers $40 Theater and amusement
places having a seating capacity not
exceeding go. S25 a year. not exceed
ing 500. $50. not exceeding so. SO. and
exceeding 500 seating capacity. 800
Bowling alleys and billiard tables;
s. each.
Tobacco manufacturers tax Those
whose annual sales do not exceed
%. 600 pounds. So; not exceeding 100000
pounds So. not exceeding 100000. ST.;
exceeding 100000 s cents per pound
manufacturers of cigars whose sales
do not exceed $4,000 cigars, 81: not
exceeding 100000. SO; not exceeding
POO. 600. So: not exceeding 800. 600. S12:
exceeding 100000, five cents per thou
sand.
Stamp Taxes
Stamp taxes Bonds debentures or
certificates of Indebtedness. five cents
on each 500 of face value; agreements
of sale cents on each 500 face
value: certificates of stock, cents on
each 800 of value; sales or transfers,
> cents per 800 Merchandise PEI
agreements OF sale, l cent for each
500 in value. conveyances. 50 cents
for each $500. warehouse receipts, p
cents for 800: so cents for $500. and
s. on receipts exceeding $500 in value;
customs house receipts. 50 cents.