The Dermott news., 1917-10-11

Telegraph and telephone
facturers and the senate federal
license tax on owners the conferees
adopted 3 per cent tax on all motor
vehicles, including trucks, payable by
manufacturers, producers and import
erS.
Taxes OF per cent of manufacture
ers' ales of musical Instruments and
jewelry also We're written in, with a
tax OF Il cent foot On motion pic
ture film.
New inheritance Tax
new system OF graduated inherit
tance taxes was written into the bill
in lieu of the house plan and despite
the senate's rejection of such taxes.
The new rates on inheritauces. with
those OF Americans In military service
exempted range from one-half of
per cent on $4,000 estates to 10 per
cent on estates of 100000 and
more.
The bulk OF the increases of between
$3.50 900, 600 and $3o0. GOO 600 made by
the eonferees In the senate bill was
secured from the postage, public utili-
ties and manufacturing sales section
and the new inheritance taxes.
With hut 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 5000 for married per
sons and 81 600 for single persons is
in addition To the present law exempt
ing incomes of less than $1,000 for sin
gle persons aud $1,000 for married per
sons Thus those between the new low
exemption bases and the present cxs
emptions 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 $1,000 or more
would pay the full I per cent normal
tax.
The senate income provision allow
ing an additional exemption of 500
for each dependent child tn heads OF
families subject to the present Inv was
retained. The exemption for children.
however, does not apply to those sub
ject 10 the new reduced taxes with the
$1,000 and $1,000 exemptions. respec-
lively. for married and single per
sons.
Surtas Is Agreed Uoon.
SurtaXes were agreed upon ms fol-
lows:
one per cent on income over 5000
and less than $500; per cent be-
tween $500 and $1,000; per cent
between $4,000 and Sl2 800; 4 per cent
between So 800 and 1000; ) per cent
between $4,000 and 1000; per cent
between $4,000 and $4,000; 10 per
Is per cent between $50 600 and $780,
per cent between 500, 900 and $4,000;
lS per cent betwene $S0. 900 and Sl0o..
600 30 per cent between 500. 600 and
$50 900: - per cent between S1j0.Oo0
and S2O0oo0 30 per cent between
$500 900 and 100000; "a per cent be-
tween S250,O goo md 100000 81 per
]
40 per cent between $500. 600 and $3.50
600; 45 per cent between $750eo0 and
81 600 eco, and 80 per cent on incomes
exceeding S10o0.OOO.
Increased Tax on Whisky.
Increased senate rates on whisky
and beer were virtually retained. and
that on wines somewhat reduced. The
tax on distilled spirits was made s. 10
per gallon when for beverage use and
81 less for industrial purposes, esti-
mated TO raise $l35O0O.Oo0. The
| amendment prohibiting importation of
distilled spirits for beverage use was
retained. Floor taxes TO reach with.
drawn liquors were approved. Beer
was taxed Sl50 per barrel additional.
10 rinse $46000,0O0. an increase of -
cents per barrel over the house rate.
Present wine taxes We're doubled
Taxes on nonalcohollc beverages
were compromised. On prepared
sirups and extracts the taxes gradu-
ated from 3 to 20 cents instead of
from 3 10 II cents gallon were
| adopted. Grape juice and other soft
| drinks are taxed cent per gallon, as
provided by the senate In reducing the
original 2-cent rate of the house.
Senate rates on cigars and cigarettes
! were retained. but those on snuff were
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