Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-05-10
HUGE WAR TAX TO
HIT EVERY HOME

CONTINUED FROM PAGE ONE
the other half from the proceeds of
bonds
1T is estimated that the receipts of
the federal government, including
postal receipts, for the next fiscal
year under existing law Will amount
TO $1,000, 5000 The proposed bin
is estimated to yield during a IL
month period s1,S0O.000,O addi-
tional. This will make the total re-
ceipts of the government for the next
fiscal year $4,000, 200. 900. or about
S33 per capita. as compared To Great
Britain. with n population less than
half that OF the United States, whose
receipts, including postal receipts, for
the year ending March 81, 1917.
amounted to S2,790,00O,000, or about
$50 per capita.
"The committee believes that the
American people were never in a more
favorable condition to pay reason
lble amount of taxes for war purposes
in addition to those for normal pur-
oses than at the present time. The
committee has endeavored to distribute
equitably this additional burden of tax
ation and so to levy the proposed taxes
IS to necessitate as little readjustment
or disturbance to business as possible" ="
The committee estimated the war
expenditures for the remainder of this
and the whole Of the next fiscal year
OF about s3.S00,000, exclusive OF the
bond issue to finance the foreign loan.
I'VE have already authorized n bond
issue OF $4,000, 000, 900" 1t added ito
provide a portion OF the necessary
funds to finance war. Therefore the
amount necessary to raise by taxation.
or a further bond issue, at this time,
$500, 900, 900"
What VIII BE Hit.
The bill today is calculated to raise,
n exact figures, Sl,Sl0,420,0 1000. 1t Is
expected to produce this yield;
Income tax; New war income tax,
532, 100000; retroactive tax on in
ONES, sos. 100000.
Additional excess profits. sos, ,000,-
90.
Liquors: Distilled spirits, 800, ,OOO,-
000 rectified spirits, s7500,000; fer
mented liquors, sS7,O00,OO0; wines,
5000, 900.
Soft drinks: Syrups, etc, $4,000
100.
Cigars, s11,OOO,OOO; cigarets, s25,-
100000; tobacco, $50, 100000; snuff,
100000; cigaret papers, 100000.
Stamp taxes, including documents
nd playing cards. s33 100000.
Increase in customs duties 100000
600.
Increase in first class mail matter,
1000 900; in second class mail mat
ter, $4,000
Transportation: Freight bills s77,-
100000: passenger tickets, $75,000,-
900; express bills S15,0O0,0O0; pipe
lines s4500,000; seats, berths and
staterooms s750,O0O.
Even Telephones Included.
Electric lights, gas, domestic power
telephone service, 100000 900. Tele-
graph and telephone MESA ges, 81, 900
600
Advertising, s7,5o0,O0O.
Insurance. S5,00O.000.
Automobiles. trucks and motorcy-
cles, s6S,000, 900; tires and tubes, s12,-
100000.
Musical instruments, phonograph
records, s7,000.000.
Motion picture films, s7,000,000.
Jewelry, s7,500,000.
Tax Baseball Bats.
Sporting good, golf clubs, baseball
bats, billiard and pool tables and balls,
100000.
Pleasure boats, 100000.
Perfumes and cosmetics, s4,750. 900.
Proprietary medicines, sS,500,000.
Chewing gum, sl,000,000.
Admissions to theaters and other
amusements, $50, 900, 900.
Dues In clubs and other organiza-
tlons. s1,500,000.
War estate tax, $4,000, 900 (estimat-
ed, however. that the increase will
Yield 3S,500,000 when in full opera
tlon).
Virgin Island internal revenue, s2O,-
600.