New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-01
Revenue Stamps
On AllDocuments
In Effect To-day
Millions in Receipts Ex-
pected by Government
From New Source
Rank Checks Excepted
Tax on Parcel Post Pack
ages One of the
Features
Rank Checks Excepted

v.SVINGTON, Nov. So Doeu-
..s,v stamp taxes of the war tax
IN 90 into effect tomorrow. Revenue
Ems must be affixed to bonds OF
'-5.m,;ty or Indebtedness. capital
- issues, stock transfers, produce
80. IN exchanges, drafts, promissory
-. conveyance and deeds, custom
- entries, steamship tickets, prox-
:. assignments of power Of attorney.
Living cards and parcel post pack
80, None are required on checks.
All stamps are sold by postofhces
~. those for stock transfers and
,,o5pee sales, which are distributed
,t-opcb revenue collectors. Millions
. dollars in receipts are expected TO
...,b the Treasury from this source.
The taxes are similar to those i'm
.,,d during The Spanish war and by
-, emergency revenue act of 1914.
On capital stock transfers, from
uh;,b the government expects to de-
live large revenue, and which will
t.u heavily on stock exchanges, the
~ : , cents for each 800 or frac-
80, Of the face value. Stamps are to
!. .ffixed 10 the stock books, not to
.bs certificate Of sale or exchange.
For produce sales on exchanges the
.,r is cents for 500 of value Of the
u.rcbandise covered by the agreement.
II s,smns are to be affixed to the
eIa.-,,orsndum or bill of sale. The law
eovers transferred or scratch safes ahc
ssles for future delivery.
Tax on Bonds
Bonds of Indebtedness are taxed 5
.,rts for each 500 Of face value or
traction and renewals are taxed as
Ir5emnity and surety bonds are sub
;sct 10 a tax of so cents, or one per
cent Of the premium charged for the
Svscution Of the bond. Bonds or poll
r;ss Of reinsurance are exempt.
tax Of ; cents is levied on eacn
or;oinal issue Of certificates OF stock
either on organization or reorganiza-
ZION NJ face value 500 or fraction.
To nee, the practice in some states Of
;ssuinc stock without face value, II is
sneei6ed that the tax shall be laid on
tbe actual value if there is no face
value. IL.
han AZ sight or on demand, and lot
promissory notes and their renewal
Inc tax is cents for each SlOO or
traction. This levy will lay burden
particularly on the banking business.
Ordinary bank checks are not taxable.
Realty conveyances and deeds are
taxed 50 cents where the value of the
interest conveyed is between 500 and
$500, and 30 cents for each additional
$500 or fraction. Deduction may be
made Of only a lien or incumbrance
remaining on The property at the time
Of sale.
Custom House Tax
Before any parcel post package may
be accepted by a postofhce it must
bear, in addition to the regular post
age. revenue stamps amounting to one
rent for each 25 cents postage or
fraction.
The entry Of goods at a custom
house Tor consumption or warehouSlng
is taxable 20 cents when the value is
not more than 500, 80 cents when the
value is between 500 and $500, and 81
vaen the value exceeds $500.
Passage tickets 20 transatlantic
South American or other ports not
IN the United States, Canada or Mex
leo are taxed according TO a sliding
scale, running from 81 on tickets cost
ing between $40 and $50, to So for
tickets costing more than $50.
Proxies for voting at any meeting,
except Of religious, charitable, fra
ternal, educational or literary organi-
cations, must bear 10-cent revenue
stamps. For a power Of attorney the
tax Is Is cents. In addition to the old
tax Of 2 cents on playing cards, a new
levy Of 8 cents a pack is imposed.