The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-09-30
War Excess Profits Will Pay
$1,000, GEO. 900 and In
comes $842, 600, 900.
NEAR THREE BILLION
Measure Occupying Congress
Four Months Is Nearing
Final Passage.
(Contihued From Page One)

lance taxes was written into the bill
In lieu Of the house plan and despite
the senate's rejection Of such taxes
The new rates on inheritanccs. with
those of Americans in military service
exempted. range from one half of l
per cent on $4,000 estates to 10 per
cent on estates Of SO. 200. 900 and more
With but few exceptions the new
taxes are effective with the passage Of
the act
Both Senator Simmons and Repre-
sentative Kitchin. heading the senate
and house conferees. tonight ex-
pressed satisfaction with the confer
ence revisions and they believe the
compromise measure an improvement
over both the senate and house bills.
The income tax section was adopted
virtually as written by the senate. The
new 2 per cent normal tax on incomes
OF more than $4,000 for married per-
sons and $1,000 for single persons is
an amendment to- the present law ex-
empting incomes OF less than $4,000
for single persons and $4,000 for mar
ried persons. Those between the new
low exemption basis and the present
exemptions will pay only the new
per cent tax, but single persons having
an income Of $4,000 or more and mar
ried persons whose income is $4,000 or
more would ray the full 1 per cent
normal tax.
Exemptions for Children.
Tho senate income provision allow
ing an additional exemption Of 5000 for
each dependent child to heads of FAM
tiles subject to the present law was re-
tanned. The exemption for children,
however. does not apply to those sub
ject to the new reduced taxes with the
$4,000 and $1,000 exemptions, respec>
lively, for married and single persons.
Sur taxes were agreed upon as fol-
lows:
One per cent on incomes over $4,000
and less than $500: per cent be-
tween $500 and 10000: per cent
between $4,000 and $12,500; per
cent between S12,5Oo and $4,000; 5 per
cent between $4,000 and $4,000: :
per cent between $4,000 and $4,000:
10 per cent between $4,000 and $780,
900; II per cent between $4,000 and
sso.ooo: 1s per cent between $4,000
and $4,000: % per cent between
100000 and $150.000; Is per cent be-
tween $4,000 and 100000; 30 per
cent between 100000 and $250.ooO: "a
per cent between so50O00 and $780,
900; 81 per cent between 100000 and
100000: 40 per cent between 100000
and $75O.0OO; As per cent between
S75O,OOO and 100000 and so per cent
on incomes exceeding 100000.
Retain Senate Liquor Tax.
Increased senate rates on whiskey
and beer were virtually retained and
that on wines somewhat reduced. The
tax on distilled spirits was made $40
per gallon when for beverage use. s;
less for Industrial purposes. estimatet'
to raise $l35.GOO.000. The amendment
prohibiting importation of distilled
spirits for beverage use was retained
Floor taxes to reach withdrawn liquors
were approved. Beer was taxed $l.5C
per barrel additional, to raise $46.-
100000. an increase Of % cents pei
barrel over the house rate.
Present wines taxes were doubled.
Taxes on non alcoholic beverage:
were compromised On prepared
syr,lps a tax graduated from to q
cents instead OF from three to IL cents
a gallon was adopted. Grape juice and
other soft drinks are taxed I cent pc
gallon, as provided by the senate II
reducing the original 2 cent rate of thu
house.
Senate rates on cigars and cigarette
were retained. but those on snuff wcr
increased from 4 cents to 5 cents
pound.
Stamp taxes agreed upon were:
Drafts, Bonds, Checks, Etc.
Bonds of indebtedness. cents o.
each 800: indemnity and suret
bonds, so cents: parcel post packages
cent for each 25 cents Of the cost Q
transportation: capital stock. origina
issues, 5 cents per 800: sales an
transfers. 2 cents per 800; sales
produce on exchange. cents for eac
500 value In merchandise: draft
checks payable other than on sight c
demand. promissory notes. except ban
notes for circulation. and renewals.
cents for all sums below 800 and
cents for each additional 800 or frat
ton thereof: conveyance papers.
cents between 800 and $500 and
cents for each additional $500: pa!
senger vessel tickets for ports 9TH
than those in the United States. Ca,
ada and Mexico, between $40 and 81