The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-10-07
10 and over
Excess Profits Tax.

Excess Profits Tax.
The excess profits tax will impress
everyone who has to make a return
under it as an example of barbaric
fr1ghtfulness. 1t is unlike any tax
ever imposed in any civilized country
BY next March all American asyluns
will be full of people who lost their
minds trying to calculate what they
owed Uncle Sam under this terrible
tax. Lawsuits to determine its appli-
cation will still be going When our
great-grapdchildre are dead and
buried.
capital for the present year. Then
apply the following rates: .,
On the amount
Less than Is per cent of
capital you paw ...... 20 per cent
Is to 20 per cent of CAPT
tai you pay rs per cent
20 to 25 per cent of capt.
tai you pay -....-... .35 per cent
25 to 80 per cent of CAPT
tai you pay .-.-... As per cent
More than 33 per cent of
capital you pay 49,. go per cent
TO ILLUSTRATES Suppose your
excess profits on 100000 capital are
S37 900, or 81 per cent.
On the amount =
UndSr Slo,OOO
you will pay 20 per cent, or S 5000
81 900 to
$4,000 you
will pay ...25 per cent, or 1850
$50. 900 to
$4,000 YOU
will pay ...35 per cent, or 1850
1000 to
S33, 900 you
will pay As per cent, or $500
More than
$4,000 you
will pay 80 per cent, or 2,400
Making the total tax $4,000
Other Taxes.
This does not, however, begin to
cover the multitude of taxes imposed
by the new revenue bill.
In the first place there is an addi-
tional 4 per cent Corporation tax
which must be paid BIZ every corpora
ton upon the amount of its net in
come
Then there are internal revenue
taxes of S1.10 and S21o a gallon on
distilled spirits, $3.50 barrel on
peer, to 20 cents gallon on sirups
for soft drinks, l cent a gallon on
grape juice, soft drinks, near beer"
etc.
Cigars are taxed from rs cents to
81 per 1000, depending on quality,
with tax of 81 per 1000 on the five
cent variety. Cigarettes are taxed
to II cents per hundred.
Tobacco pays 5 cents a pound and
cigarette papers 1 cent a hundred.
Then there are the transportation
taxes, 3 per cent on all freight bills.
1 cent on each 20 cents of express
bills, s per cent on passenger tickets
and 10 per cent on Pullman car
charges, and cents on each tele-
graph or telephone message costing
owe IS cents.
On all Jewelry, autos, motorcycles,
piano-players, monographs and rec
ords in future 5 per cent of the sale
price. New life insurance policies
pay cents for every hundred dollars
of face value or if under $500 30
per cent of first weekly premium. and
all other new insurance policies /
cent for each dollar of the annual
premium.
After so days the postal rate on
all letters, except drop letters will be
cents an ounce, and there will be
an extra charge of 1 cent for each
25 cents charged on parcel post pack
ages.
There are new set of taxes on
estates over $4,000, reaching 10 per
cent on S1,000.000.
Yachts pay 80 cents to 50 per lineal
foot, and motor boats SIS each.
Sporting goods and cameras pay 5
per cent, toilet articles, patent medi-
oines and chewing gum pay 2 per
cent of the wholesale price.
Tickets Of admission to all kinds
of amusements pay l cent for each
ten cents of the price. Taxes do not
apply to movies where charge is
cents or less, or to other ten-eent
shows
And to wind up, there are a host
of stamp taxes on all kinds of docu-
nlents, the mere enumeration of which
would occupy an entire column.
Sour Stomach.