The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1918-08-25
REVENUE BILL WILL
NIT POCkETDOOKS

Washington, Aug. 24-Within less
than a half billion of It's $4,000, GOO. 900
goal. the new revenue bill IS rapidly
nearing. completion. The house ways
and means committee still has to de-
eide the excess and war profits ques-
ton.
Some few new minor taxes VIII 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 and which win 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 or interme-
diate incomes trebled IN the present
bin as compared with the one passed
by congress a year. ago.
Exemptions Of $1,000 for single
man, 50 900 for a married man, with
5000 additional for each child under
eighteen, stand.
The normal rate on the first $4,000
of >taxable-jneome Is 5~per cent. After
that the rate gees up to IS per cent
sur-tax on incomes over $4,000. 600.
Inheritance taxes are boosted more
than so per cent and Representative
Rainey of Illinois has warned that he
will lead fight for a program
amounting to virtual confiscation of
large estate when the bill comes be-
fore the house.
Life insurance policies above $4,000
v,al, to TIL, itar, foy- for
the first time.
Auxiliary Taxes.
Next come luxury taxes, hitting
practically everything of everyday life
except necessary minimum of food and
clothing. On seventeen articles, in
Guiding jewelry, Photographs, pianos
electric fans, thermos bottles, tapes
tries, athletic goods. brass ornaments
asld paintings regarded by the commit
tee as "out-an- OUT luxuries, a tax of
10 per cent is levied. Platinum jewelry
Is taxed 10 per cent extra.
On perfumes, cosmetics and prac-
tically all other toilet articles, there
is levied a tax of 1 cent for each 10
cents in sale price or fraction thereof.
The same tax applies to proprietary
medicines.
On semi-luxuries, the committee
, levied a 20 per cent tax on the sale
. price over certain figure. A partial
| list of these follows:
Fiber carpets and rugs costing more
than s. a square yard, trunks over $50
and yalises, travelling bags and otkG'
luggage over SIS, mems and boys suits
exclusive of a6niforms $50, women's
rea6y-made 6aks and suits more
| than $40 and the same articles tailor
! made over $50 NETS hats over So and
| caps over 50: all shoes over $40, mems
and boys silk stockings above 81 and
! women's above So and pajamas over
/ So.
/ The joy rider will have to pay his
/ bit to Uncle Sam whether he travels on
land or water. Gasoline is taxed 2
cents a gallon. A 10 per cent manu-
facturer's tax is levied on autos and
motorcycles: motorcycles in the hands
! Of owner are assessed So as a license
| tax and auto owners must pay on the
following schedule:
! Taxes on Autos.
Cars of twenty-three horsepower or
less. $40; twenty-four TO thirty horses
power. $50: thirty-one to forty horse
power, $50 and over forty horsepower.
$50.
Electric cars are taxed IS for each
horsepower and so cents for each 100
pounds in weight, and wagons and
trailers must pay per cent.
Motor boats must pay $40 and yachts
up TO so feet must pay 81 foot; and
over 100 feet 81 a foot.
| Present tobacco rates are more than
doubled. Tobacco and snuff must pay
80 cents a pound. cigars weighing less
| than three pounds per thousand are
| taxed So thousand. Those weighing
more are taxed from SIS to $50 per
thousand according To nrfce