Valdez daily prospector., 1917-10-26
TAXES WILL bE
 EXTREMELY HIGH
Beginning With November 1, Every Man, Woman and Child Becomes
 . Federal Taxpayer

With the passage of the federal war revenue tax bill and it's going in to effect November 1, next month, ev- every man, woman, child in the Uni ted States will become a sharer in the expenses of the war. You cannot buy any article. ride on any train, boat send telegram, visit a theatre, buy a bottle of patent medicine, tube of tooth paste, or any toilet article, own a motorboat, draw a time draft. buy a bond or share of stock, send in a proxy or smoke, chew. eat or drink without paying tribute.
 Over five million Americans who have never donated a dollar to the government will now have to come across and learn to make out their tax returns and master all the in trciacies of calculating gross and net income. capital invested. depreciation and eemptions.
 Every married man who has an in come of $2OOO or over and every un- married man or woman with an in come of 5000 or over, will have to pay a tax every corporation with a net income of over 5000 and ey- cry partnership and individual oper- ating a business which yields more than $6OO0 net must pay.
 Every taxpayer should learn to fig ure his taxes so as to be able to re- adjust his business to the new condi- tons, otherwise he will awake some morning and find himself in the hands of the receiver.
 In addition to the above tax a null titude of taxes are imposed upoh the people by the new revenue bill. There is four per cent corporation tax which must be paid by every corpora tion upon the amount of it's net in- come. Then there are internal revenue taxes of $1.1O and $2.1O a gallon on distilled spirits. $1.5O a barrel on beer, 5 to 20 cents a gallon on sirups for soft drinks, 1 cent a gallon on grape juice. soft drinks, "near beer,"I etc. Cigars are taxed from 25 cents 10 s7 per 1000, depending on quality with tax of one dollar per 1000 on the five-cent variety. Cigarettes are taxed to 12 cents per hundred. Tobacco pays cents pound and cigarette papers 1 cent hundred. Then there are the transportation taxes, 3 per cent on all freight bills, l cent on each 20 cents of express bills, per cent on passenger tickets and 10 per cent on Pullman car charges, and cents on each telegraph or telephone message costing over IS cents. On all jewelry, autos, motorcycles, piano-players. photographs and rec ords in future per cent of the sale price. New life insurance policies pay s cents for every hundred dollars of face value or If under $500, 40 per cent of the first weekly premium, and all other new insurance policies 1 cent for each dollar of the annual prem ium. After 30 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 es- tates over $50.0OO. reaching 10 per cent on $1,O0O,O00.
 Yachts pay 50 cents to $2 per lin- ear foot. and motor boats $5 each. Sporting goods and cameras pay 3 per cent. toilet articles. patent medi- cines and chewing gum, per cent of the wholesale price.
 Tickets of admission to all kinds of amusements pay 1 cent for each 10 cents of the price. Taxes do not apply to movies where, charge Is 5 cents or less, or to other 10-cent shows.
 And to wind up, there are host of stamp taxes on all kinds of docu- ments, the mere enumeration of which would occupy an entire column.
 
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