Evening journal., 1917-04-30
TEXT OF THE income
WAR TAX PROPOSALS.
House subcommittee Ten
tative Schedules Are
Made Public
$1,000 SALARIES
ARE AFFECTED

WASHINGTON. April 80 Following
is the text Of the House subcommittee
draft Of the "wnr income tax" schedule
of the proposed revenue bill:
Section /. That in addition TO the
normal tax imposed by Section ! (a)
and the tax imposed by Section 10 Of the
act entitled Gan act TO increase the
revenue, and for other purposes" ap-
proved September s, 1916, there shall be
levied, assessed, collected and paid a
like normal tax of per centum upon
the income of every individual, and "a
like tax of per centum upon the in
come of every corporation, Joint stock
company or association, or insurance
company received in the calendar year
1917, and every calendar year there
after.
Section 2. That in addition 10 the adj
dtional tax imposed by Section l Cb)
OF such act of September 3, 1915, a like
tax shall be paid upon the income of
every individual during the calendar
year 1917. and every calendar thereafter,
as follows;
Per annum-One per centum upon
the amount by which the total net
income exceeds $4,000 and does not
exceed $500 per centum per an
mum upon the amount by which the
total net income exceeds $500 and
does not exceed $4,000, per centum
per annum upon the amount by which
the total net income exceeds $4,000
and does not exceed $4,000, per
cenium per annum upon the amount
by which the total net income exceeds
S12.500 and does not exceed $4,000.
5 per centum upon the amount by
which the total net income exceeds
$4,000 and does not exceed $4,000.
8 per centum per annum upon
the amount by which the total
net income exceeds $4,000 and
does not exceed $4,000, Z per centum
per annum upon the amount by which
the total net income exceeds $4,000
and does not exceed $50 900, 8 per
centum per annum upon the amount
by which the total net income ex-
ceeds 100000 and does not exceed
$4,000, per centum per annuum
upon the amount by which the total
net income exceeds $4,000 and does
not exceed 100000, 10 per centum per
AAANnA NEOm AAN hlHUMnN ny WAAiN
the total net income exceeds 100000
and does not exceed S150.O00. II per
centum per annum upon the amount
by which the total net income ex-
ceeds $500 600 and does not exceed
100000, IA per centum per annum
upon the amount by which the total
net income exceeds 100000 and does
not exceed S25O.000, 16 per centum
per annum upon the amount by
which the total net income ex-
ceeds $3.50 900 and does not
exceed 100000. IS per centum per
annum upon the amount by which the
total net income exceeds 100000 and
does not exceed 100000. 20 per cen
tum per annum upon the amount 10y
which the total net income exceed;
100000 and does not exceed 81 000-
600 and 30 per centum per annun
upon the amount by which the tota
net income exceeds 100000
Section g. The taxes imposed by
Sections ! and shall be computed
levied assessed. collected and paiC
upon tho same basis and in the same
manner as the taxes imposed by It'll,
I of the act entitled can act TO increa,
the revenue and for other purposes. >
approved September s. 1916. eXcep
that in the case Of the tax imposed by
Section / of this act the exemption