Tombstone epitaph., 1917-10-14
CONGRESS MAKES LEVY At ST
FOR EVERY man, WOMAN AND
CHILD IN THE UNITED STATES
Excess Profits Revenue at Bill and Incomes at Nearly
Much Remain Practically Unchanged by Work Of
The Conferees.
Will Full Toward Financing Of the War
Heved to Be the Best That Could Be Devised.

| the conferees In the senate bill was
secured from tine postage. public utili-
ties and manufacturing sales section
| and the new Inheritance taxes.
With but few exceptions. the new
taxes are effective with the passage Of
/ the act.
Senate Version Stands.
The Income tax section was adopted
virtually as written by the senate. The
new 2 per cent normal tax on incomes
Of more than $1,000 for married per-
sons and $1,000 for single persons is
ing incomes Of less than 5000 for sim
gle persons and $4,000 for married per
sons. Thus those between the new low
exemption bases and the present ex-
emptions will pay only the per cent
tax. but single persons having an In
come Of $1,000 or more and married
persons whose income is $4,000 or more
would pay the full 4 per cent normal
tax.
The senate income provision allow
ing an additional exemption of $500
for each dependent child to heads Of
families subject to the present law was
retained. The exemption for children,
however, does not apply TO those sub
ject to the new reduced taxes with the
$1,000 and 81 900 exemptions, respec-
lively. for married and single per
| sons.
| 9uFtax 10 Agreed Upon.
Surtaxes were agreed upon as fol-
lows:
One per cent on income over 5000
and less than $500: 2 per cent be-
tween $500 and $4,000; 8 per cent
between 10000 and 81. 500; 4 per cent
between $500 and $4,000; per cent
between $4,000 and $50 900: per cent
between $4,000 and $4,000: 10 per
Is per cent between $4,000 and $780,
per cent between 10000 and $50. 900
IS per cent betwene $4,000 and $780,
600; 70 per cent between 100000 and
3150.0O0 Is per cent between $4,000
and 100000: 80 per cent between
$500. 900 and $3.50 900: "a per cent be-
tween $4,000 and $500, 900; 81 per
cent between $500 900 and $500, 900 !;
20 per cent between $500. 900 and $780,
600; IS per cent between $4,000 and
100000. and 50 per cent on incomes
exceeding 81 600 900.
Increased Tax On Whisky.
Increased senate rates on whisky
and beer were virtually retained. and
that on wines somewhat reduced. The
tax on distilled spirits was made $2.l0
per gallon when for beverage use and
81 less for industrial purposes, esti-
mated to raise $135. 100000. The
amendment prohibiting importation Of
distilled spirits for beverage use was
retained. Floor taxes to reach with
drawn liquors were approved. Beer
was taxed S1.60 per barrel additional.
to raise SO. 0O0. 900. an increase Of Is
cents per barrel over the house rate.
Present wine taxes were doubled.
Taxes on nonalcoholic beverages
were compromised. On prepared
sirups and extracts the taxes gradu-
ated from to 20 cents instead of
from 8 to II cents q gallon were
adopted. Grape juice and other soft
drinks are taxed 1 cent per gallon. a.
provided by the senate in reducing the
original 2-cent rate Of the house.
Senate rates ON cigars and cigarettes
were retained. but those on snun were
Increased from cents to 5 cents q
pound.
Stamp Taxes Fixed.
Stamp taxes agreed upon are:
Bonds Of Indebtedness, S cents or
each 500.
Indemnity and surety bonds, 81
cents.
Parcel post packages, I cent fol-
each Is cents Of the cost of transpor
tation-
Capital stock. original issues. S cent,
per 500.
Sales and transfers. 2 cents per 500
Sales Of produce on exchange. {
cents for each 500 value in merchan
disc.
Drafts, checks payable other thar
on sight or demand. promissory notes
except bank notes for circulation, ant
renewals. cents for all sums below
500 and cents for each additions
500 or fraction thereof.
Conveyance papers, 80 cents be
tween 500 and $500 and 80 cents fol-
each additional $500.
; Customs house entries, from 2.
cents to 81: entry for withdrawal from
bonded warehouses. 50 cents.
Passenger vessel tickets for port,
other than those In the United States
Canada and Mexico, between SO ant
$50. 81; between so and $50. g, and