Bisbee daily review., 1917-10-28
What the New Reuenue Bill Means to Eueryon

on the face his initials and the date, are required as follows: On bonds
 (except bonds of the United States. any foreign government, state or mu- nicipality exercising the taxing power, of stocks and bonds of cooperative building and loan associations making loans exclusively to members, mutual ditch or irrigating companies), deben- lures or certificates of indebtedness, 5c for each $100 of value. renewals to be taxed as a new issue Gin the case ! of a bond conditioned for the repay ment of money, upon the amount se- cured. regardless of the penalty); par eel post packages on which the post age amounts to 25c or more, cent for each 25 cents or fraction of post age tax to be prepaid by sender; in demnity and surety bonds, soc (where premium is charged the tax would be ! per cent of such premium); certifi- cates of stock, on original issue, sc for each S10O (where issued without face value, 5c per share, unless ac- tual value is in excess of $100, then as above); sales or transfers of stock, % for each s100 of value; (not to ap- ply on stocks deposited as collateral to secure loans, delivered to a broker for sale, or transfers by a broker to a customer for whom he has purchas- ed); sales of produce on exchanges, boards of trade, etc, for future de- livery, Pc for each S100 (not to apply on contracts or agreeemets of sale upon which tax has been paid and which are assigned to clearing houses or similar organizations for the pur- pose or adjusting or liquidating ac- counts); drafts, promissory notes lex cept bank notes) and checks payable otherwise than at sight, Pc for each S1O0 (to apply on renewals); convey ances, soc on S100 to $500 of value conveyed exclusive of liens remaining at the time of sale, and for each ad- ditional $500, soc (tax would not ap- rly on mortgages), custom house en- tries. 25c on $100 or less, on more than s100 and not exceeding $500. s1 on amounts in excess of $500; with dTawal entries. soc; passage tickets by steamers to foreign ports. $1 (if costing less than SSO). s3 (s30 to s6O) and S5 lover s60); tickets cost ing less than S10 exempt; proxies for voting at meetings of corporations ex- cept religious, charitable, fraternal, educational or literary societies) 1Oc; power of attorney. 25c (not to apply on papers necessary for collection of pensions. bounties. etc.); playing cards 5c per pack in addition to tax now imposed.
 These taxes would become effective December l, 1917.
 The increases in addition to the taxes now imposed G. e., with the ex- emption continued at 50000( as at present under the act of September s, I916,) the bill proposes taxes as fol- lows: F per cent when amount does not exceed S5O,000, 1 per cent on s5O,- coo to s15O.0OO, IF per cent on s15O.- coo to S250,000, per cent on $250.000 to s450,000. 21s per cent on S450.0OO to S1.00O,000, 3 per cent on S1,000.000 to $2OO0,000. BE per cent on S2,000, ,OO00; 4 per cent on S3.00O,000 to S4.000. .000, 41s per cent on s4.OOO,O0O to s5,OOO,- coo, per cent on s5OOO.OOO to sS,OOO.- coo, per cent on $S,OOO,OOO to s1O,- 0C0,OOO, and 10 per cent on over s10,- o00,O00. The tax would not apply on transfers of estates of decedents dy- ing while in the military service of the United States during the present war. nor when death results within year following injuries or disease con tracted in the service of the armed forces of the United.
 Postal Rates