The Birmingham age-herald., 1918-09-03
Great Tax Measure Unani- mously Approved by Ways
 and Means Committee
PLAN TO SEND BILL TO
 SENATE IN TEN DAYS
New Tax Measure Will Affect Every Individual and Business Concern in U. S.-Exemptions Same
 as Those Now in Force

Washington, September 1.-The new rev. enue bill, greatest of all tax measures in the history of the nation, with levy affecting every individual and business concern in the country was approved unanimously today by the House ways and means committee. Chairman Kitchin will introduce the measure in the House tomorrow and ask that consideration of it begin next Friday Leaders hope to send it to the Senate within 10 days after debate begins.
 The final committee estimate of the revenue to be yielded under the new bill is $ 012, 792, ,000 against $3,94l 63S, ,000 last year under the present law. The largest source of estimated revenue is from ex- cess profits, including war profits, $3,- 100, o0000o, and the next is from taxes on incomes, $1 ,4S2, 1S6, 900 from individuals, and $S2S, 900 from corporations.
 The increase in the taxes on the speci- fled incomes of married persons without dependents is shown by the following statement: s250O-Tax under existing law, $10; pro- posed law, s30.
 s30oo-Tax under existing law, s2O; pro- posed law, s60.
 $S500-Tax under existing law, 80; pro- posed law, $90. s4OoO-Tax under existing law, $40; pro- posed law, $120.
 $4500-Tax under existing law, s60; pro- posed law $50.
 $500o-Tax under existing law. $S0 pro- posed law $1S0.
 s55e0-Tax under existing law, $105; pro- posed law, s11o
 S6000-Tax under existing law, S160; pro- posed law, $260.
 $6500-Tax under existing law, $155; pro- posed law, $330.
 s1000-Tax under existing law, $1S0; pro- posed law, $400.
 S7500-Tax under existing law, S205; pro- posed law, $470.
 sS000-Tax under existing law, $235; pro- posed law, s545
 SS5o0-Tax under existing law, S265; pro- posed law, S620.
 s9oO0-Tax under existing law, s295; pro- posed law, s695.
 s9500-TaX under existing law, $32o; pro- posed law sT0.
 $1e00o-Tax under existing law $50: proposed law, $845.
 s12, 2,0oo-Tax under existing law, s53O: pro posed law, s1320. 15,000-Tax under existing law, S73O, proposed law, s179o.
 S20, 000-Tax under existing law, SllSO, proposed law, $2S95.
 $25, ,000-Tax under existing law, SlIs0, proposed law s4245.
 sso, ,ooo-Tax under existing law, s2sSo; proposed law, S595.
 $35, ,000-TaX under existing law, s29S0, proposed law, $7195.
 S4OO00-Tax under existing law, $3oSO; proposed law, ss795.
 S45 000-Tax under existing law, S43SO; proposed law, s10.0S4.
 $50,000-Tax under existing law, $5lS0; proposed law, SIP, 495.
 s55 Oo0-Tax under existing law, S59SO; proposed law, $14, 1895.
 $6o, ,0O0-Tax under existing law, $67SO; proposed law, s16,S95.
 $7o,000-Tax under existing law, $SSSo; proposed law, S21,Ss5
 sS0, ,00o-Tax under existing law, $10,9So; proposed law $27.29o.
 s10C O00-Tax under existing law, Sl6, lSO; proposed law, $39, ,09o.
 s15c 0O0-Tax under existing law, $3l ,6S0i proposed law, s70,095.
 s20O 000-Tax under existing law, $49, lS0; proposed law, $101 .095.
 $500 O00-TAx under existing law, s92, 6s0; proposed law, sl65.095.
 s500 0d0-Tax under existing law, Sl92,6S0; proposed law, S29I, ,09o.
 s1 00O, ,0O0-Tax under existing law, S475,- rsa: proposed law, s647,095
 S5 GOO OO0-Tax under existing law, s. n.1S0% proposed law, 8, ,527, ,095
 The exemptions unde rthe new bill are ne same as under the old s10O0 for single ersons and 5000 for married persons, ssith $200 additional allowed for each spendent child under IS years of age. n exemption of s20O for each dependent capable of self-support because of men,
 l or physical disability also is allowed.
 ESTIMATE YIELD
 The estimated yield from sources oth- ar than incomes and excess and war prof. s 5 include:
 Transportation: Freight, sI50O0,0Oo; ex- press, S2O,000.O00 passenger fares, $6O0OO,-