The Bridgeport times and evening farmer., 1918-05-16
TO RAISE ONE
 THIRD OF WAR
 NEEDS BY TAX Secretary McAdoo Gives Estimate of Revenue Dur ing Current Fiscal Year. TOTAL FIGURES ARE
 ABOVE $4,OOO, 900, 900 Excess Profits and Income Tax Will Exceed the Esti-
 mate Made.

! Washington, May 16-Revised es- inmates of revenue receipts in the cur rent seal year ending next June 30, place at $4,Os5, ,699, 900 the sum which the American people will contribute directly to the government, mainly IT, taxes, for prosecution of the war, These estimates, reported today to the senate by Secretary McAdoo in com plianee with a request for specific in- formation 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 thirds by Liberty bonds.
 The report disclosed that about S2. 5,185,000 will be collected on the basis of income and excess profit tax returns on file May 4, about S34S.- 900, ,0O0 more than the yield estimated when the war revenue law was en- acted last October, but less than the $3,000, 100000 recently estimated. The total now expected from internal rev. enue is $3,643,S99, 900; from customs $180,000,000; from miscellaneous sources including $40,000,000 earr- ings of increased first class postage, $270,000,000; and from sale of public lands $1,S0O,000. Estimates of in terna1 revenue receipts last fall were about $3,400,00 1000.
 These figures, although not based on actual collections, represent quite accurately what may be looked for from ordinary revenue sources this year, the treasury believes. The report estimated carefully by treasury experts is connected closely | with the question whether new rev. enue legislation shall be taken up at this session, as urged by Secretary l McAdoo. The fact that figures are | practically definite is expected to have influence with some members who who have argued that results of rev. enue should be determined before new legislation should be attempted. Estimates up to June 30 now show that $S6S,714,Oo0 may be expected l from internal revenue sources other l than excess profit and incomes. The l taxes are distributed as follows: From distilled spirits, $284,54O,O00; from l fermented liquors, $131, ,434,000; from tobacco, $154, 900; from rectifed spirits, s3,501,o 900; from wines and liquors, $9,866,O00; from freight ex- press, telephone, telegraph and other public utilities, $67,9S1,0 900; estate taxes, $5O,917,0O0; excise taxes on au- omobiles, jewelry, piano players, moving picture films, sporting goods, cosmetics, proprietary medicines, chewing gum, cameras and pleasure boats, $36,073,000; admission to places of amusement, and club dues. | $30,798, 900; corporation capital stock taxes $24, ,00O; stamp taxes on flu lures, bonds, certificates, securities and playing cards, $18,S54, 900; insurance policies, $e,078,OOO; soft drinks, s2,- 582,000; miscellaneous, including taxes on brokers, bowling alleys, pool tables and theaters as business places $3,237, 900; oleomargarine, $2,13O, 900; compromises on delinquents, opium distributors and other minor sources
 1,902,000.
 From the old munition manufac- turers tax $40,000,000 is expected and from capital stock and other special taxes under the revenue act of Sept. 8, 1916, BPS, 900.
 Actual collections on income and excess profit taxes, including advance payments, amount to S47O85,OO0 and s2,728, 100, 900 is expectea before the end of the year.
 Collections from other internal rev enue sources up to April including the following: Distilled spirits, $198,- GOO GOO. fermented liuuors S540 GOO : 900; tobacco, sill, ,4O9,OOO; public utilities, $24,730,000; excise taxes
 $19, 900; capital stock, s24,47S,-
 900; admission and dues, $14,79S,-