Evening star., 1918-11-23
UNITED STATES LIBERTY LOAN BONDS
Dates of Issues of Maty Redemption Option and Interest
Payments, With Tax Exemptions, Etc, Etc.

dated October a, 1918; due January Is,
1s47; redeemable June Is, 1882, with in
| tereSt payable Semi-annually, June Is
and December Is. They have no con-
version rights. They are exempt from
| normal income taxes and from federal
surtaxes and profit tax up to $50, 900
principal until two years after the war,
plus the interest on $4,000 face value of
liberty bonds. and are receivable in pay
ment of estate and inheritance taxes, as
are the first, second and third AS.
| Fourth Ans, original issue fourth loan;
i dated October "a, 1913; redeemable Octo-
Der IS, 1888; due October 15, 1888, with
| interest payable semi-annually, April Is
! and October Is. They have the same
exemption status of the first Ans of the
fourth loan, and are receivable for eS-
| tate and inheritance taxes under similar
conditions.
(. The federal estate and inheritance
tax law contemplated an exemption of
tive expenses, claims, debts. etc. The
| rate runs from per cent on the first
$4,000 over and above these deduc-
| tions to 25 per cent on the net above
SIC, 100000.
The House revenue bill proposes an
increase of SO per cent in these rates
up to estates of 100000. making the
! low rate 3 per cent and the high rate
40 per cent. The House provided,
however, that this tax should not be
| levied again within five years against
any property which has paid a ma
| tional estate tax under the tax law of
| 1917 or the pending act. No estate of
less than $4,000 gross need make re-
turn.
| The modified Senate plan contem-
| plates tax. not against the estate of
| tho decedent, but against Inheritance
received by each beneficiary in excess
tof $4,000, with additional exemption
| for wife and children.
The rates tentatively agreed upon
are as follows:
Inheritance from $4,000 to $4,000.
Inheritance from s25,ooo to $4,000,
per cent.
Inheritance from $4,000 to 500. 900,
per cent.
i Inheritance from 100000 to $3.50. 900,
! 4 per cent.
| Inheritance from $150,O00 to $500, 900,
inheritance from 5000, 900 to $3.50, 900,
| 6 per cent.
| Inheritance from $3.50. 900 to $500, 900,
10 per cent.
| Inheritance from s5oo,ooo to 81, ,ooo,-
900, IS per cent.
| Inheritance from $1,000, 900 to $780,
900, 20 per cent.
On ali excess over $500, 900, 25 per
cent.
| No tax is to be exacted from charita-
Die or pubic institutions which receive
bequests until such time as bequests
aggregate Is per cent of the entire
estate. When this limit is exceeded
| the ratio of excess over Is per cent is
subject to taxation by each recipient in
stitution.
! All bond issues held by corporations
are free from the 10 per cent tax on un-
disturbed net income of corporations.
The Secretary of the Treasury is au-
| thorized, from time to time, until one
year after the termination of the war to
purchase bonds of other than the first
33ss to an amount not exceeding, in the
first year from date of issue of bonds,
one-twentieth of the amount of bonds
| originally issued, nor in any subsequent
year one-twentieth of the amount of
bonds outstanding at the beginning of
such year. Average price for any bonds,
purchased in any twelve-month period.
shall not exceed par and accrued inter-
| est.
! The next installment payment. un-
| der the Treasury provisions of the
| sale will be due December 10 1918,
| 20 per cent; thereafter 20 per cent
+! January 16, 1919, and final pay
ment of so per cent January 80 1919
| The first payment was 10 per cent and
! the second 20 per cent, made No
| yember 81.
subscriptions for the four loans
| made were accepted to the following
amounts:
First loan ACKNOWLEDGEMENTS. s. 900. 900. coo
second loan ...-.....-.-..-.... 3sos. 766. $50
Third loan .................... 4.716, 5f6, $50
! Total SIT. 375. os3 ooo