White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1917-05-13
WAR TAX BILL HAS
BEEN AGREED UPON
Practically Everything to be Taxed
to the Limit-American Peo-
pie Viii Pay. Cheerfully

The new tax bill which has been
practically agreed upon by Congress.
is the most extensive and greatest
line of taxation ever faced by the
American people
Doubling of normal income tax
rates with reduction of exemptions
and increases of surtaxes on great In
comes. absolute elimination of all ar
tieles on the tariff list with the i'm
position of minimum duty of ten
per cent on all now taxable articles
together with increases of taxes on
internal revenue and new taxes which
reach to the remote departments of
business and household life are pro
posed to make up a yearly income of
81, SOC, 900, 600
Newspaper Postage Rates
Increases on postage rates include
newspapers which 1t is proposed to
charge on the parcel post zone sys-
tenn. Publishers who are hurrying to
Washington and some of those who
conferred with ways and means com
mittee members said that such a line
of taxation as is proposed upon them
practically will force many out of
business. Mailing charges for papers
of average circulation. 1t is said.
would be Increased many thousands
of dollars yearly.
Even Electric Light Bills
The new taxes include ieyies on
life and insurance. on household cleo
trio light bills, telephone bills, rail
road tickets, admissions to amuse
ments. club dues. automobiles, pleas,
ure boats, iewelry and practically ev
erything that enters into the life of
family.
In the effort to spread the taxation
over the business life as well as the
social life OF the nation, new taxes
are proposed on corporations. on ex-
cess profits and on other elements
of commerce
Most of the revenue would come
from the following taxes:
income Taxes
On incomes, normal rate of four
per cent for individuals, with exemp-
tions of $4,000 for married persons
and $1,000 for unmarried and gradual
ed supertaxes or incomes of more
than $4,000: six per cent on corpora
tions: increased taxes to be effective
from January l. 1917.
On excess profits, 16 per cent
On inheritance, new taxes by a
graduated scale running from one
half to fifteen per cent, present In
heritance taxes to remain
To increase Letter Mail
Minor taxes include: Increase of
letter mail from two to three cents
an ounce, of postal cards from one to
two cents and of newspapers rates by
zone system. Liquor and tobacco
taxes practically doubled Levies by
stamp taxes or other means on life
insurance policies, pipe lines. electric
power, telephone and telegraph mes
sages. theaters, club dues. on manu-
factures of automobiles, cosmetics,
proprietary medicines, musical instru-
ments, jewelry. moving picture films,
chewing gum and pleasure boats, on
newspapers five per cent of advertis-
ing collections.
Tax on Tea and Coffee
In executive session today the ways
and means committeeadded a provis
ion to put tax of one cent a pound
on coffee and two cents a pound on
tea in the hands of roasters and i'm
porters The section is drawn so as
not to tax the stocks in the hands of
retailers and is expected to produce
about $5,OOO.000 revenue
The formal report of the bin to the
house was authorized by the commit
tee