Evening journal., 1917-08-04
SURTlX Rates ON
incomes IS raised
Senate TO Receive War Bill
On Monday-House Leader
AsSaiIS Measure
MANY INCREASES
ARE AGREED ON

WASHINGTON. Aug. 4-The war
lax bill. under revision since May "a.
was pu. into final form for report to
the Senate yesterday by the Finance
Committee. II provides for approx
mately S2,002,000000 in the taxes 10
meet war expenses. but makes no
provision for further bond author
izations.
The bill was increased S133. 100000
over the tO.al a9 IL passed the House.
About S32TO00,000 was added during
the last week because of the latest
war estinla.eg. The final redraft
was sent to the printer last night and
will be presented to The Senate as a
bipartisan measure Monday and prob
ably called up for debate Wednesday.
Senators la Toilette, Gore and
Thomas plan a separate report ad-
vocating higher tax levies.
The new increase Of 1927 900 5000
over the committees original draft is
distributed approximately among the
following additional levies.
On corporate incomes. 1852 000.-
600: additional surtaxes on individual
incomes of $4,000 and over S27.5OO.-
600: distilled spirits S95 600 600; beer.
So 100000; wines. Sl7 100000; war
excess profits. S5O00000 bank
checks 81 100000; -four. or stock,
taxes on sugar, coffee. tea and cocoa.
$4,000 900. Toal. 1927, 900, 900.
The additional levy on incomes OF
corporations applies also to partner
ships. joint stock companies and as
sociations including life insurance
companies Their normal income tax
Is increased 70 6 per cent per cent
more than the present law and 2 per
cent above the original House and
committee program.
The increased surfaces fall entire,
" on individuals having incomes oil
$4,000 OF above. They range IRON
per cent. on $4,000 incomes 10
maximum OF SO per cent on incomes
In excess of 100000.
An additional 81 per gallon tax Il
imposed on distilled spirits with,
drawn from bond, except those used
for industrial purposes; increasine
tax on distilled beverages TO SS2t
per gallon. as compared with the
present rate OF S110. The commit
ices prohibitory tax on grain, mo,
lasses and other ingredients OF
whisky to stop further manufacture
also is retained
Beer would be taxed SO per barrel
double the present rate. Wines would
bear virtually treble their present
taxes. The House levy was only
100000 on wines.
The $4,000, 900 increase on war ex
cess profits was added by minol
changes in the schedule Of such take
providing for total revenue o
s52s. 900 900. The 100000 add
tional from bank checks would maxi
$4,000 600 in all from that source
The committee originally planned q
tax only checks Of IS or more, bu
decided today to extend the / cen
rate to all checks.
The committee also wrote in nev
provision exempting from all post
axe. letters written by American sol
diers aud sailors in foreign lands. AM
provided that the proposed new Ia
OF cent on each 25 cents paid 70
Transporting parcel post package
shall not apply to packages weighinl
less than four ounces.
Another new provision adopte
provides for a nat $4,000 exemption
FOR individuals from the war exces
profits taxes.
The new floor or stock tax on sugar
tea. coffee and cocoa was moditie
today in favor OF retailers. The fol
lowing amounts Of such products Il
their hands will be exempt from tn
floor tax:
Tea, 80 pounds; coffee. 200 pounds
sugar. 500 pounds; grape sugar o
glucose. 100 pounds. and saccharin'
/ pound No retailers exemption 70
cocoa was provided.