Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-08-02
MAIL: ORDER FIRMS
TO HELP RAISE TAX
Capital Stock of Corporations,
Brokers and Amusements
Are Assessed.
EXCHANGE SEATS ARE TAXED
Ways and Means Committee
Adds Another ST ,OOO,-
100000.
EXCHANGE SEATS ARE TAXED

WASHINGTON. August 1.-Taxcs on
the capital stock OF corporations. on
brokers. thcaters and other places Of
amusement and on the manufacturers O:
tobacco were doubled for the new
revenue bill by the Ways and Means
Committee to-day.
New taxes written into The bill were
tax Of / per cent on the retail sales
of mail order houses doing a business
of 100000 Or over, tax OF 10 per
cent OF the sale Of seats Of stock. pro-
duce and grain exchanges and a tax of
20 per cent OIL the dues or fees paid by
all members OF such associations The
taxes agreed upon by the committee to-
day. in addition TO the taxes on auto
mobiles. gasoline. admissions, ETC.
previously decided upon will WELD. it
is estimated, close to $1,000 600. 900
The tax on the capital stock of cor
porat!ons. joint stock companies and
associations is 30 cents for each 81 900
OF the stock it will ~ 81 under the
new bill. This assessment upon cor
porattons will be In addition to the
income tax and excess profits tax pro-
Vided for in other sections of the bill
STOCK brokers, now paying $50 each
VIII pay 500. Tn includes brokers
on the produce exchange as we'll as
those who deal in bonds and other Sc
curieies. Brokers who are members of
the STOCK exchange will pay $3.50 in
stead of SG0. This gives the curb
oFoKer distinct advantage. but
Chairman kitchin explained that the
committee believed that a man who
owned a seat Gu 'Ctnnec could VOL
afford TO pay more tn: tho fellow who
works outside
iawn brokers Will have their tax OF
80" raised to 500. ship brokers will
bc raised from $50 10 $50 and custom
mouse brokers from $40 TO $50
ne tax on theaters. museums. con-
cert nails. motion picture shows and
si'h!!ar places OF amusement Is doubled
according 10 the i'ow!ns : ,heduie.
seating capacity: Not over $50. $40.
between go and 500. s. 10: between 500
ana 500. $50: over 500. 5000.
HoNLiNG-tLIEYS AND
CIRCCSES WILL PAY uonr
The circus tax is raised from $500
- S-'' and prop:ietors of bowling
''!'ES ana billiard rooms will nav s,n
'o' ''eh alley OF table. in place of
'"' - tan now paid. Baseball! ,arkc
W be assessed $50 instead Of $40
ne doubling Of the tax on manu-
-"''ufeTs OF tobacco cigars ana cic
ar@'tcs Will change the schedule Of
iaHes as follows:
Manufacturers whose annual sales
are moi Owe: $1,000 pounds-old tax s2
ne" tax SO not over 100000 pnun,s-
old tan So. new tax SIP: not over 200.
600 pounds-od tax slo. new tav soa
IN excess Of 2co,ooo pounds-oid TAX
cents per 1000 pounds. new TAX 1c
cents rer l.ooo pounds
manufacturers Of cigar. who's.
hu"! sales are not over 10000 cigars.
cid tax 50. new tax -; not over 100 ocn
cisars-old tax So. new tax Sc. rot
over 100000 cigars-old tax SIS. new
lax sl2' not over 100000 cisars-old
tax ST." new tax s2i; in excess of 400
w" cisars-old tax cents per 1909
cigars. new tax 10 cents per 1000
manufacturers OF cigarettes. includ-
ing small cigars Weighing not more
than three pounds per loo0-o!d tax
5 cents for every 10000 cigarettes new
tax cents per 10000
The only instance thus far Of anv
TAX being reduced was in the matter
of the 10 per cent tax on Pullman
''t' ''''iis' "hlCH lle commit
tee decided TO reduce 10 per cent TO
conform 10 the rate on passenger fares.
The reduction was made at the request
or the railroad administration in or
der TO simplify the new scrip and mile
age books which are about to he is
sued.
II was decided to leave all the stamp
taxes on deeds. notes ana other re-
Eo,iatle instruments the same as they
are in the present law.
a tax of 10 per cent on the sal.
price Of private yachts was agreed
upon. although it was admitted that
not much revenue may he expected
from that source.
The committee rejected proposal to
tax dogs and to put tax of So a bale
on cotton.