The Barre daily times. (Barre, Vt.) 1897-1959, 1918-05-16
AMERICAN PEOPLE
WILL PAY S4,O95, 900, 900
Directly to the Government, Mainly in
Taxes, for the Prosecution of the
War UP to June 80, Next.

Washington, d. c., May l6.-Revised
Estimates of revenue receipts in the cur
rent fiscal year ending next June 30 place
AZ 81 095 100000 the sum which the
American people will contribute directly
to the government, mainly in taxes, for
prosecution of the war. These estimates
reported yesterday to the Senate by
Secretary McAdoo in compliance with a
request for specific information throwing
| light on future revenue needs, show that
about one-third the expense of the war
this year has been met by taxation and
two-t thirds by Liberty bonds.
The report discoses that about S2,I75,-
lS5, 900 will be collected on the basis of
income and excess profits tax returns on
file May 4, about S34S 10000 more than
the yield estimated when the war rev.
enue law was enacted last October, but
less than the $4,000, 000,0 600 recently esti-
mated. The total now expected from
internal revenue, which includes receipts
from income and excess profits tax re-
turns, is S3,643 $780, 900; from customs,
SlS0,000000; from miscellaneous sources,
including S40,000,000 earnings of in
creased iirst.class postage, S270000,000;
and from sale of public lands, 81 100000.
Estimates of internal revenue receipts
last fall were about S3,400,000,00
These figures, although not based on
actual collections represent quite aecur-
ately what may be looked for from ordi-
nary revenue sources this year, the treas
ury believes.
The report will be examined carefully
by members of Congress in connection
with the pending question of whether
new revenue legislation shall be taken
up at this session, as urged by Secretary
McAdoo. The fact that its figures are
fairly definite is expected to have some
influence with some members who have
argued that results of existing revenue
legislation should be determined before
new bills were framed.
Actual collections up to April |, and
estimates Of receipts to June 30, now
show that $685. 900 may be expected
from internal revenue sources other than
excess profits and incomes, The taxes
are distributed as follows:
From distilled spirits, 1884 $40 900; |
from fermented liquors, sl3l ,434 900; to-
bacco, 1854. 100000; rectifed spirits, 49,, |
sol 600: wines and liquors, S9,s66,000; |
freight, express, telephone, telegraph and
other public utilities taxes, S67 1851 900; |
estate taxes, S509l7 900; excise taxes,
on automobiles, jewelry, piano players,
moving picture films, sporting goods
proprietary medicines, chew
ing gum, cameras and pleasure boats,
1853 073,000; admission TO places of
and club dues, $780, 900:
capital stock, $24 SOP 900;
stamp taxes on futures, bonds, certif-
,ates bonds, securities and playing cards,
sls,564,0o0; insurance policies, $s07S,-
300; soft drinks, S2,5s2 900: miscella-
leous, including taxes on brokers, bowl
ng alleys, pool tables and theatres as
business places, 1927 900; oleomargar-
ne, 2,l30o00; compromises on delin-
luents, opium distributors and other mi
lor sources approximate 81 ,302, 900.
From the old munition manufacturers
ak S40.000,000 is expected, and from
,apital stock and other special taxes
inder the revenue act of Sept. s, 1919,
'2S, 039 900
Actual collections on income and ex-
ess profits taxes, including advance pay
nents. amount to S47 ,0s5,000 and So
rs, 100000 is expected before the end of
he year.
Collections from other internal revenue
ources up to April include the follow
ng: Distilled spirits, sl9s 900 900; fer
nented liquors, $4O,500,000; tobacco,
HI 100000; public utilities, $24,730,-
90; excise taxes, Sl9,573,000 capital
took, S24,47S, 900; admission and dues,
l4,79s,000