The weekly tribune and the Cape County herald. (Cape Girardeau, Mo.) 1914-1918, 1918-08-22
Only 100000 Short Of Re-
quired Amount Needed
Tax For Everybody.
SALARIES, JOY RIDES
AND FOODIN THE LIST
House Ways And Means Com.
mittee Will Soon Present
Measure To Congress.

WASHINGTON, Aug. WlIhih
less than a half billion of its S8,0O0,-
600, 900 goal, the new revenue Dill
was nearing completion rapidly to-
day. The House Ways and Means
Committee still had to decide excess
and war profits questions.
Some few minor taxes will have to
be added. Some of the language of
, the bill and perhaps some of the less
important rates may have to be
changed, as the committee writes its
report in preparation for submitting
the bill to the house.
But the practically complete draft
of the measure made public for the
first time today which will stand in
all it's essentials, gives an adequate
| idea of the greatest revenue bill in
history.
Income taxes are in some cases
doubled and in the cases of inter-
mediate incomes trebled, as compar-
ed with the bill passed by congress
a year ago. -,,.,.
Exemptions of $1,000 for single
man; $4,000 for a married man, with
$500 additional for each child under
10, stand.
The normal rate of the first $4,000
of taxable income is per cent. AT
ter that rate goes up to 10 per cent
witha revised schedule of all sur
taxes.
| Life insurance policies above $40,
900 are included in the inheritance
tax for the first time.
Next comes luxury taxes, hitting
practically everything of everyday
life except necessary minimums Of
food and clothing.
4 On semi-luxuries the committee
levied 20 per cent tax on the sa;,
price over a certain figure.
| The joy rider will have to pay hi;
bit to Uncle Sam whether he trav
els on land or on water. Gasoline
is taxed 2 cents a gallon. A 10 Pc
cent manufacturers tax levied or
automobiles and motorcycles. motor
cycles in the hands of the owner are
assessed S. as a license tax and au
tomobile owners must pay on thu
following schedule: -'
| Cars of twenty-three horsepower
or less, $40; twenty-four to thirty
horsepower, $40; thirty-one to forty
horsepower, $50; over forty horse
power, $50.
Electric cars are taxed S. for eacF
horsepower and so cents for each 1Ot
pounds in weight, and wagons and
trailers must pay per cent. Motor.
boats must pay $40 and yachts up tc
fifty feet must pay 81 a foot; be.
tween fifty and 100 feet 50 for each
foot, and over 100 feet, 81 foot.
! Present tobacco rates are more
than doubled. Tobacco and snuff
must pay 80 cents pound, cigars
weighing less than three pounds a
thousand are taxed 50 a thousand
Those weighing more are taxed from
S. to $50 a thousand.
Cigarettes are taxed from S4.1O to
$3.50 thousand.
Movies and ice cream sodas are
also hit. The present 10 per cent
tax on all admittances to amusements
is doubled. There is 5 per cent tax
on rentals of movie films on circuses,
pawnbrokers and filled cheese are
doubled. The committee intends fol-
lowing the same procedure with
stamp taxes.
Retail establishments doing more
than $1,000 business a year and pro-
fesslonal men are taxed $40, and
wholesale establishments doing more
than 100000 year business, s25.
Liquor taxes have not been settled,
but they will be more than doubled.
Profits taxes and income taxes OF
corporations are unsettled.