Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1917-08-06
SENATE WOULD RAISE
S2.0O0.97O.OOO TAX
New Bill Reported Today
Shows Increase of $780,
100000 in Revenue
INCOME TAX AND WAR
PROFITS HIT HARD
BY The United Press.

Dg ne lulleu fIebhs
WASHINGTON, Aug. e. Senator
Simmons. chairman OF the finance
committee. presented to the Senate to-
day the committees report Of the war
revenue bill
The measure as drawn will raise a
total of $4,000, $40 900.
This is an increase Of S239,9lOO 600
over the bill as passed by the House
in May. The additional revenue 10
be raised the first year under the Dill
is TO come from these sources:
Income tax. S777 100000; war prof
its. S562. 100000; beer wines whiskey
and soft drinks, S21S,000,000; cigars,
cigarettes and tobacco. S56,5OO,OOO;
( freight parcel post. express. passeh-
ger transportation, pipe lines, Pullman
seats and Derths, and telegraph anu
telephone messages S146.750,00O.
Automobiles are 20 yield, S4O,OOO,OeO
additional; sporting goods SSO0'OOV;
perfumes and cosmetics. $4,000
proprietary medicines, $4,000. and
cameras 100000.
Playing cards and other stamp
taxes, S32OOO.O00; tea, coffee. sugar
and cocoa, $4,000 900; admissions to
movies costing more than % cents and
first-class mail matter, S5OOOOOOOi
second class $4,000 600 and a profits
tax on newspapers of S7.500o00.
The beer tax will be SO barrel, an
increase Of % cents barrel over the
tax proposed by the House; distilled
/. spirits S2.10: dry wines, cents a
gallon. liquors. cordials and still
wines. s1.1O per proof gallon; cham
pagne. nine cents a half pint, three
times the present rate.
Soft drinks taxes range from tnree
cents a gallon on products sold al
St.25 a gallon to twelve cents W me,
sold for more than "a a gallon. The
house tax of eight cents per pound on
carbonic acid gas was reduced 10 nNe
cents a pound. -,
Chautauqua lecturers because OF
/. their educational value and the i9cl
that many persons of small means
would be debarred from attending
! them, are left tax free
A large number OF additions ar ar.
/ made in stamp taxes. every pa Ian.
. check. draft and cSrt fcate or uepOsl'
b drawing no interest requiring one
cent stamp. -.
, The largest increase aimed at
3 s777. ZOO 600 In income taxes-ls 10 Oe
81 accomplished by increasing the cor,
! poration income tax, making the totaI
! slx ner cent. instead Of two per cent
az now. and an increase Of one PEI
I per cent. on individual incomes VI
over $4,000 a year. 49,.
G The next largest increase Is IN va
: profts taxes-S56,0 900 QUITO De lals
y ed by imposition OF a war prohts Val
instead OF the excess pronts YAK Wv
posed in the House Dill. IN sehei q
D n would make the basis OF the laN IN
n difference between the pronts OF tn
pre-war period and the prohts Oh .n
taxable year thus taking by baAa.iOl
L directly or indirectly, a large part
the extra gains which the war i'Se'
4 has caused. .,rl
y This war profits tax does not app
!. 10 any business or Individual WINS
y net income is less than $o'OVV yea
4 and both are given nat eAei'P''0
OF $4,000 war profits.
I. Amendments TO the present lhcoih
|, tax law proposed by the Dill lncluue
- Exemption Of an additional SlVv ~
each depedent child under le' IN IA ia
= ing the net taxable Income OF Tn
head Of a family.
- Crediting of war prOht taxes asalna
y the income TO be taxed.
= Reouiring brokers' to make return
:. showing profits made by their cuseo
~ mers so that the government ma
- check income tax returns.
y, In Introducing report Of hN com
~ nitfpe Senator Simmons SAID ne 20
,ss meets to call It UP for action on Weu
rs nesday