Elko independent. [volume] (Elko, Nev.) 1915-current, 1917-05-11
TAX NtttHiTi
EVERYONE:
American People Face Direct
Taxes of ss3 Annually
Per Capita

The war tan. bill is now before con,
gress. II win pass In practically its
present form, and every home and
every individual. win be affected.
As a forecast Of what may come
later. It proposes special taxes to raise
$500. O0o. 900 In addition to the pres
emit normal annual revenue Of $780,
100000. When Its terms are effective
the American people will be paying
direct taxes of S33 per capita. The
people Of the British Isles-half as
many-now pay per capita taxes OF
$50. ~
While the principal features of the
new war levy are the increases in in
come and profits taxes, increases in
internal revenue rates and increases
Of customs duties. many provisions
reach the. innermost structure of every
home and make up a list of taxes prob
ably the-most formidable ever faced
by the American people.
The household light, heat and tele-
phone bills, admission tickets to
amusements. fire and life insurance,
railway tickets. automobiles. automo-
bile tires and tubes, soft drinks, post
age rates, golf clubs and baseball bats,
club dues and host OF other every
day necessities or Injuries come under
the taxation.
Increased postage rates on newspa-
pers, arranged in zone system, are
such that publishers. say they will
force many newspapers out of bust
ness. Already protests against many
features of the law are pouring In.
and attacks upon It will center In the
public hearings before the senate fin
ance committee
Democratic Leader Kitchin an
nounced that he hoped to pass the
bin by. Saturday.
Committee Submits It's Views
In presenting the bill the ways and
means committee made a report say
In gin part:
AFTER carefully considering the ex-
perience Of the European countries at
war, the committee believes it is
Bound economic policy for the present
generation to bear fair portion OF
the burden of financing the war and
recommends that the remaining con.
templated expenses Of the government
for the. remainder Of this and the
whole Of the next fiscal year be raised
by taxation. The effect of this recon.
mendation Ii that about -one-half OF
this contemplated, expenditure will be
met by taxation and the other hall
from the proceeds from bonds.
ut Is estimated that the receipt:
of the federal government, ineiudint
postal, receipts for the next fiscal yea,
under existing law. will amount t
Sl,5oe.eoo.000. The proposed bill &
estimated to yield during a twelv,
months period $1,000, 100000 addition
81. This will make the total receipts
Of the government for the next fisca
year $4,000. 000,0 900, or about S33 pc
capita as compared to Great Britain
with a population less than half tina
Of the United States, whose receipts
including postal receipts, for the yea
ending March 81. 1917, amounted t
t5.7so, 100000, or about $50 per car
tia.
THE committee believes that tn
American people were never In NOR
favorable condition Ito pay reason
able amount Of war taxes. The com
mlttee has endeavored to dIstribut,
equitably this taxation"
The committee estimated the wa
expenditures for the remainder of thii
and the whole OF the next fiscal yea,
at about $500, 080, 900, exclusive o
the bond issue, to finance the foreign
loan.
''We'already have authorized bono
issue of two billion dollars" It added
"to provide portion OF the necessar,
funds 70 finance war. Therefore, tn,
amount necessary TO raise by taxation
or further bond Issue, at this tim,
10 -s1;sO0. 100000"
Where Money VIII Come From
The bill today 10 calculated TO raise
in exact figures, $3.50. 420. 900, inelud
InR.c
income tax-New war income tax
ses37ee.0e0, retroactive tax on in
comes, sIos.ooe,o0o.
Additional excess profits, 100000,
900.
Liquors-Distilied spirits. 100000,
GOO; rectiaed spirits, sT,6OO,000; fer.
mented liquors. ss7.o0e,o0p: wines, &c..
000,0o0
Soft drinks. syrppz. etc. S20.G0b, 600.
& cisafs, s110oOso0o, ciesrets. S2s,-
eoo.o9o; tobacco. ss0.eoo.0oe; snufT,
s1,ooe.soosg cisatss papers, sseeo0e,-
000 ~
Stamp taxes, fnciudius documents
and playing cards. Sss,e0o. eco.
Inosease in customs duties, $780,
10000.