Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-04-16

tCOntlnucu from FIRST PaEc,A
mcmted liquors. $780, 1000. 900: smoking
and chewing tobacco. s25. 900: au-
tomobilcs. trucks. motorcycles. sl9SoO.-
| 600: soft drinks. S19.200.0OO: cigarettes.
sl7.000.00o; recti1cd liquor. sI2.50O.00O:
cigars. s1I.6OO.OO0: excise tax on must
cal Instruments. graphophones. etc.
s7.ooo.0oo: wines. etc. s6.750.0oO; cx-
else tax on glucose. $6,0oO.Oo0; dcnn-
! turcd alcohol, S5.000.0O0: retail dealers
in cigars. cigarettes. etc. s4.sOO,0Oo:
wholesale dealers and jobbers in to-
bacco. s2,oo0,000 and snuff. s1.500.oOo.
Consideration OF the suggestions will,
begin Immediately in the Ways and
Means Committee a bill probably
will be reported by it within two
weeks.
The revised arrangement OF super
taxes in incomes AZ outlined would be:
! Incomes Of $4,000 TO $1,000. per cent;
$4,000 to $4,000. . per cent: $4,000 TO
$4,000. per cent; $4,000 to $4,000,
{ per cent: $4,000 TO $4,000, S per
cent; $4,000 to 100000, 10 per cent.
$4,000 to $4,000, ~ per cent: $50. 900
TO 100000. - per cent: 100000 to
$4,000. 20 per cent: $4,000 TO $500.
600 20 per cent: $500 900 TO $1,000. ood
33 =" per cent: 100000 and over. 40
per cent.
This revenue" Mr. McAdoo wrote
would be further Increased IL the in
come from State and municipal Sc
curities and State and municipal sala-
ries were made subject to the income
tax"
AZ 10 the excess profits tax for 1917.
colicctible in June. 1918. the existing
law allows an exemption of $1,000 and
per cent on invested capital and
lcEics per cent tax on the remainder,
OF the profits OF corporations and mart
herShips. II this tax. allowing tho
same exemptions. were increased 10
10 per cent on profits In excess In 3
per cent and not over 10 per cent OF
capital invested to 10 per cent,.on
profits in excess OF 10 per cent. and
not over 20 per cent Of capital invest
ed: 10 20 per cent on profits in excess
OF 70 per cent and not over so per cen;
or capital invested and to % per cen,
on profits in excess OF 90 per cen, OF
capital invested, the law. according to
the secretary. would yield s4o5. ooo. 900.
Possible taxes on articles now adj
United free raise Sl?o.3c3Isi follow.
crude rubber. 20 per cent: hides and
skins. 10 per cent; raw wool. 10 pcr
cent: raw silk. 20 per cent: coffee. J
'chtS pound. nbcrS and nanufac-
lures Of. now free. 10 per cent: lumbe.
and manufactures Of wood. not includ-
ing wood pulp. 10 per cent; tin. un-
manufactured. 10 cents "a pound: cot.
ton manufactured. cents q pound:
crude cocoa. 30 per cent: oils now free.
10 per cent: fruits and nuts. 10 per
cent. tea, IL cents pound: works OF
art, 20 per cent: furs. 20 per cent:
tanned leather and manufactures Of.
including boots and shoes. 10 per cent:
manufactures Of iron and steele. not
including ores. 10 per cent. and an
tiques, 30 per cent.
The secretary estimated that ss.3ll.-
So could be raised by the indicated
rates in addition TO the present rates
on manufactured articles: manufac-
tureh rubber 10 per cent; manufactures
OF leather > per cent: manufactures
OF wool. = per cent; manufactures OF
silk. manufactures OF vegetable iibcrs.
. per cent; manufactures OF wood and
dutiahlc lumber. per cent, and cocoa
and chocolate. prepared. 10 per cent.