Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1917-05-10
S33 Per Capita

S33 Per Capita
AS forecast of what may come la
ter, it proposes special taxes to raise
! 81 500, 100000, in addition to the pres
/ cnt normal annual revenue of $780,
| 600 600. When its terms are effective
! the American people will be paying di-
rect taxes of S33 per capita. The peo-
! pie of the British Isles-half as many
now pay per capita taxes of $50.
Features of the Bill
While the principal features of the
new war levy are the increase in in
come and profits taxes, increases in in
ternal revenue rates and increases of
customs duties, many of its provisions
reach the innermost structure Of every
1 home and make up list of taxes,
probably the most formidable ever
/ faced by the American people.
The household light heat and tele-
phone bills, admission tickets to
amusements, fire and life insurance,
railway tickets, automobiles, automo-
bile tires and tubes. soft drinks, post
age rates, golf clubs and baseball bats,
club dues and a host of other every
dav necessities or luXuries come under
the taxation.
Newspapers Protest
Increased postage rates on newspa-
pers, arranged in "a zone system are
such that publishers say they VIII
force many papers out of business. Al
ready protests against many FEATURES
of the law are pouring in, and attacks
upon it will center on the senate
finance committee which will conduct
public hearings on it and probably
make some amendments. When Demo-
/ cratic Leader Kitchin presented the
! bill to the House today, he announced
that general debate would begin to-
morrow and that he had hoped to pass
it by Saturday. There is some oDJec-
ton, however, to hurrying the bill, ana
it probably will be passed the early
part of next week.
Committee Report
In presenting the bill the ways and
means committee made a report say
ing the committee believes it is sound
economic policy for the present gen
Grafton to bear fair and equitable
portion of the burden of financing the
war.
The committee estimated the re-
port continued. THE war expenditures
for the remainder of this and the whole
of the next fiscal year at about So
100000, 900, exclusive of the bond issue
to finance the foreign loan. we nave
already authorized a bond issue of two
billion dollars to provide portion OF
tho necessary funds to finance the war
Therefore, the amount necessary to
raise by taxation, or further BOND is
sue. at this time is Sl,So0,o00,0 900. The
bill today is calculated to raise IN eX-
act figures $1.S10,420,o00.
The Yield Expected
1t is expected to produce this yield:
Income tax, new war income tax
S532. 700. 600; retroactive tax on incomes
Sos, 100000.
Additional cxcess profits S10S000.0oo
LIQUORS: Distilled spirits. 100000
900; rcctiticd spirits S1500000; foment-
ed liquors $37.0000,000; wines $1,000
600.
Soft drinks. syrups. etc, S20,000.000.
Cigars s11 5000 900: cigarettes $o5,-
OOn 600; tobacco $50. 000. 900; snuff 81
0o0, 900; cigarette papers 100000.
Stamp taxes. including documents and
playing cards. S33.0o0,000.
Increase in customs duties $1,000
600.
Increase in first class mail matter
$40 GOO 900: on second class mail mat
ter $19,o0O.00o.
| TRANSFORMATION: Freight bills ST.
| 500 900; passenger tickets s75.000.000;
express bills $15.0oO,0OO; pipe lines s4,-
| 500 600; seats, berths and staterooms
I $4,000.
| Electric lights, gas domestic power. tel
ephone service, 100000.
Telegraph and telephone messages, 81
zoe 600.
Advertising. s7.5oo,ooo.
Insurance, 100000
Automobiles. trucks and motorcycles,
seS. 00c, eco; tires and tubes 81, 100000.
Musical instruments. photograph rec
ords, $1G00,000
Motion picture films. 100000.
Jewelry, s75oo.0Oo.
Sporting goods, golf clubs, baseball
bats billiard and pool tables and balls,
So 100000.
Pleasure boats. 100000.
Perfumes and cosmetics $4,000
Chewing gum, S1,000,O00.
Admissions to theatres and other amuse-
ments. s60,0Oo,000.
Dues in clubs and other organizations,
s., 500, GOO.
War estate tax. s6,600,000 ESTIMATED,
however. that the increase will yield s3S, |
500 coo when in full operation).
One of the hardest fights on the bill, |
it is predicted will center about the |
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