Baraboo weekly news. [volume] (Baraboo, Wis.) 1912-197?, 1917-10-04
REVENUE BILL
AGREED upon At
WASHINGTON

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The war revenue bill, raising $2,716,-
600 1000, was agreed upon in confer
ence at Washington after three weeks
ranging
AS reported, the bill is an increase
of $500, 100000 over the senate's meas
ure and $9O0,O00,00O over the house
bill, Adoption is assured.
These increases were obtained
through restoration of the three-cent
letter postage provisions, increase in
second-class postage rates, higher
rates on tobacco and restoration of
taxes on jewelry and ink.
WAR PROFITS TO RAISE
$1,000, 100000
Excess war profits, over which the
principal dispute of the conference
occurred, will not raise any more
money than the senate bill provided
81 900, 100000 The plan finally de-
cided on was to tax all profits except
an exempted portion ranging from sew
en- to nine per cent. The graduated
scale of taxation is based on pee sent
age Of profits made upon invested
capital. The scale is: Twenty per
cent of profits which do not exceed Is
per cent Of the capital; Is per cent
on profits over Is and under 20 per
cent; 35 per cent on profits over 20
and under Is per cent; As per cent on
profits over Is and under 35 per cent;
60 per cent on profits over 35 per cent.
PUT HEAVY TAX ON WHISKEY
The whiskey tax is $11O a gallon on
spirits in bond and 500 on those
withdrawn from bond for beverage
purposes. The present tax was dou-
bled on still wines, champagne and
sparkling wines. On grape brandy or
wine spirits withdrawn from bonded
warehouse, the present tax is doubled.
On sweet wines ten cents a gallon is
added to present taxes. On grape
brandy or wine spirits used in fer
mentation of sweet wines, twenty
cents gallon is added.
On soft drinks, rates were COM
promised between the high house and
senate minimum.
Cigars, snuff and chewing tobacco
were increased.
The automobile tax was increased
from one per cent in the senate bill to
three per cent. Three per cent on the
selling price of piano players, phono-
graphs and records is levied. A like
rate was placed on sporting goods,
such as tennis racquets and golf balls.
LETTER POSTAGE TO CENTS
On postal rates, in addition to pro-
viding that within thirty days after
passage of the act letter postage shall
be three cents instead Of two cents, as
at present, the report adopts zone
system of newspapers and magazines.
1t provides schedule of rates based
on advertising and reading matter, eff
fective July 1, 1918.
The rates on second class matter
are: t f+.....-.-l
For reading matter: From July 1,
1915 until July 1, 1919, IL cents
pound, and after July 1, 1919, liz cents
a pound. III -" :A~~
For advertising: If the amount Of
advertising does not exceed five per
cent of the entire contents. there is no
increase. .34.J ~
On publications carrying more than
five per cent of advertising the rates
are: o. 49, <r,#
July /, 1918 to July 1, 1919, ia
cents a pound for the first and second
zones;. IL cents for the third zone; 2
cents for the fourth zone; 2A for the
fifth zone; 21a for the sixth zone; 3
cents for the seventh zone; 81 for
the eighth zone. -. ...-.srs
The income tax section remains vir-
tually as passed by the senate.
Admission tickets and dues will
raise about $23,000,000. Amusement
parks and concessions charging ten
cents or more for admission are taxed.
Movie films are taxed a quarter of
cent a foot.
Jewelry is taxed three per cent of
the selling price. /
A special munitions tax of ten per
cent is levied.
There will be five cents on telegraph
and telephone messages.