Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1917-10-06


Freight transportation. 77,500,000
Express and parcel post. 10000 900
Passenger transportation 100000
Pipe lines .............. 4.5oo, 900
Seats and berths ........ 1850, 900
Telegraph and telephone
facturers and the senate federal
license tax on owners, the conferees
adopted 3 per cent tax on az motor
vehicles, including trucks, payable by
manufacturers, producers and import
ers.
Taxes of per cent of manufacture
ers ales of musical instruments ana
! jewelry also were written in, with a
tax of a cent foot on m0uon pic
! ture film.
New inheritance Tax
A new system of graduated lnheri-
lance taxes was written into the bill
in lieu of the house plan ana despite
the senate's rejection of such taxes.
| The new rates on inheritances, with
those of Americans in military service
exempted. range from one-half of /
PEI cent on $4,000 estates to 10 per
cent on estates of 100000 and
| more.
The bulk Of the increases Of between
/ $250000O00 and S3O0,O00,0OO made by
/ the conferees IN the senate bill was
secured from the 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 per cent normal tax on incomes
! Of more than $1,000 for married per
sons and $1,000 for single persons is
/ in addition to the present law exempt
ing incomes Of less than $4,000 for sin
( gle persons and $4,000 for married per
sons. Thus those between the new low
( exemption bases and the present ex-
emptious 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 per cent normal
tax.
/ The senate income provision allow
| ing an additional exemption Of 5000
for each dependent child 10 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 $1,000 exemptions, respec-
lively, for married and single per
| sons.
surtax la Agreed Upon.
SurtaNes were agreed upon as fol
/ lows:
one per cent on income over $4,000
and less than $500; per cent be
! tween $500 and $4,000; 8 per cent
between $4,000 and $l2.50o 4 per cent
between $1,000 aud $4,000; > per cent
| between $4,000 and $4,000; ! per cent
between 10000 and $4,000: 10 per
Is per cent between $4,000 and $780,
per cent between 100000 and $4,000 +:
IS per cent betwene $4,000 and SlO0,-
= AtI{l
$l50000; - per cent betv cen $4,000
and 100000; 30 per cent between
100000 and S250000, "a per cent be-
tween $4,000 and 100000: 81 per
cent between S30o. eco and SlO0OOO :
40 per cent between $500 600 and $3.50
600; A. per cent between $3.50, 900 and
$L00O0o, and 80 per cent on incomes
exceeding Slooo.0o0.
Increased Tax on Whisky.
Increased senate rates on whisky
and beer We're virtually retained. and
that on wines somewhat reduced. The
tax on distilled spirits was made S21O
per gallon when for beverage use and
81 less for industrial purposes. eSti-
mated to raise $135.0O0O0O. The
amendment prohibiting Importation of
distilled spirits for beverage use was
retained Floor taxes 10 reach with
drawn liquors were approved. Beer
was taxed $3.50 per barrel additional,
10 raise S4600000O. an increase of -
cents per barred over the house rate.
Present wine taxes We're doubled
Taxes on nonalcoholic beverages
were compromised. On prepare,l
~irnpS ard extracts the taxes gradu-
oted from 3 70 20 cents instead of
from to y cents "a gallon were
adopted. Grape Juice and o.her soft
drinks are taxed / cent per gallon. as
provided 10y the senate in reducing the
"Fl-iaal 2.eent rate of the house.
senate rates ou cigars and cigarettes
We're retained, but those ON snun were
WI ~. ----...-.-l