The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1917-04-16
|RlncOmES
III BIZ WAR
TAX PLANS.
eAd0o Submits Rev
enue Proposals
To Congress
! .eo7, ESQ, 900 is
1 ASKED OF PEOPLE
Sd|ividuals and Cor
poratiOns Heavily
Drawn Upon

n WARRINGTON. April le.--sus'
n1ons Tor new sources OF taxation
Mise half the estimated cost Of
o orsf year OF the war-about 81
I ~ 30 .ooe---wcre laid before the
,nrns and house committees for
B nonce By Secretary OF the Treas
{ory MeAdco hast night
ne other half OF the cost is 10
20 crowded by s2,O00000. 900 OF the
ksoGs authorized under the bill nov
ncore the senate.
Greatly Increased income taxes.
'rroess proft levies. a stamp tax.
eruased import duties. taxes on
nor. sugar. coffee, soft drinks and
easements are among the secre-
ry's proposals.
Probably the most far-reuching
rrnosal concerns income taxes.
y ~ secretary estimates a sc per
nrnt increase on both individuals
80 corporations for 1916, collect
- next June, would yield $ls5,'
D1.ooo additional.
n Hor 1911. he points out that TO
liver the income tax Exemption
- $1,000 20 $500 for unmarried
rrnons. from $4,000 10 $1,000 for
nnerisd persons. to leave the normal
~1 u two per cent. but TO raise the
80 taxes materially. would make
~ law produce ss40.000,Vo0 ad'li-
~ in June, 1918. without chang
- the corporation Tar.
~ highest rate On super-taxes,
- the proposition outlined, would
~ - per cent OF all income over
7, ~. 600
Increases In the excess profit tax,
80 By making the present law sp-
0)nnble 20 the calendar years OF
~ end applying new increases
- year, Mr.. McAdoo thinks would
49, o1es. 0o0. 900 tins year and s2Oo,.
.oo.oe0 additional next year.
4 01her sources. the secretary be-
ovos. could be made TO yield add
$500 income as follows:
Taxes on articles now admitted
~ es0s .o00o00. freight transpor.
- rrcsipks. $780, .C00; ex-
~ IN cn sngsr. 1000. 900; rehn-
po&roleum. $4,000, o0c; stamp
800 On theater. baseball and other
neoment tickets. $4,000. 900; DDS
~ spirits, s73.000. 900 stamp
-. miscellaneous, SsI soc. 600.
10eDortation receipts, passenger,
y 80 900: fermented liquors. s30.-
roe: smoking and chewing tobac'
81. 400 900: automobiles, trucks
epycles. $500 900; soft drinks
900; cigarettes. $4,000. 900;
- liquors. si5,200,O00 cigars
~ 900; excise tar on musical in
Dnments. graphophones, etc. 81.
o.ec0; wines, etc. 5000. 900; eK
- tax on glucose. $1,000 900; dena
rEod alcohol. 5000 900; retail deal
- N cigars. cigarettes. etc, $4,000,
IN: wholesale dealers and iobber
- tobacco. s2.500.0 900. and snuff, 81,
eco.
TRANSPORTATION Of the suggestion
D1n begin Immediately in the wayi
~ means committee A bill proba
N win be reported b. II within
No. weeks
The revised arrangements OF sd
rGr-tnxes on incomes A. outlined
Mould be:
\ Incomes Of $4,000 to $4,000. on'
|Dor cent: s4.0o0-s5.000. two pei
ut; ss.000.sio. 900. I've per cent
u. 600 $50. 900. seven per cent: $50.
o-elo.ooo, eight per cent. $40,
- 10000. 10 per cent 10000
"a -. II per cent: ss0. 000slO0.
IL. rs per cent: 800. O0U.sl50. 900
, Per cent; sl5O.O0O-s20o0OO. 2
- cent. s2Oo, 900 81 .0O0. 100. 80 D..
IT cont: 100000 and more. 9,
~ cont
"xhis income Mr.. McAdoC
$500. would be further increased
ne income from state and mu
n1Dai securities and state and nu
otDoi salaries were made subject
- NE income tax"
u The present excess profits tar
c1oht per cent on corporation and
oEtnsrship profits OF more than s.,
~ and eight per cent on invested
nootsl. were made applicable &c
- cziendsr year 1915, the seore
~ estimates. IL would yield SAYS,
oJooo Corporations and partner
|@01Ds would be given until septem
%nnF IN nav thc faw