The Washington times., 1918-08-16

circulation is $500. .0oO, 900.
The payment OF these enormous
taxes on one day would bankrupt
the country temporarily. but this
is avoided by making payment in
three installments compulsory.
diate incomes trebled in the present
bill as compared with the one passed
by Congress a year ago.
Exemptions of 81 900 for a single
man, $4,000 for a married man, with
$500 additional for each child under
eighteen, stand.
The normal rate on the first $4,000
of taxable income is 5 per cent. After
that the rate goes up to 10 per cent
with the following schedule of sur
taxes:
$4,000 and S7.5oO-3 per cent.
Between $500 and tlo.Ooo-s Per
Between $4,000 and su. .OOo-lu per
Between $4,000 and ,2O.oOo-Is per
Between $4,000 and 100000 per
Between $4,000 and 3Io.ooo-25 per
Between $1,000 and ,5O.OoO-sO per
Between $4,000 and .sO.OoO-4o per
cent.
between $4,000 and .7O.OoO-45 per
Between $4,000 and .sO.OoO-47 per
Between $4,000 and ssO.OOO-4s per
Between $4,000 and ,IOO.OOO-4s per
Between 100000 and 'sOo.OOO-sO
Between 100000 and .sOo.OOO-ss
Between 100000 and ,sOO.OOO-sO
Between 15OO.OOO and ,I.oOO.OOO-ss
Between 100000 and ,s.Ooo. .OOO-D
over ;5.ooo, ,ooo-7s per cent.
Inheritance taxes are boosted more
than 80 per cent and Representative
Rainey of Illinois has warned that he
will lead a fight for a program
amounting to virtual confiscation OF
large estates when the bill comes be-
fore the House.
Inheritance.
The rates agreed upon after an ex-
emption of $4,000 are:
10000 to $4,000 per cent.
Sl5o.OOo to $3.50. .o0o-s per cent.
S2so.Ooo to s45o.ooo-l2 per cent.
100000 to $4,000. .o0o-lS per cent.
100000 to $4,000, ,ooo-21 per cent.
S3.oOe.O0o to $4,000, ,ooo-24 per cent.
ts,oo0'0oo to $4,000. .Ooo-3o per cent.
5000, 900 to SIC, ,0oo, ,ooo-35 per cent.
Above $lo.ooO,ooo-4o per cent
Life insurance policies above
$40, 900 are included in the inheri-
tance tax 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 ar
ticles, including jewelry, phono-
graphs, pianos, electric fans, ther-
mos bottles, tapestries. athletic goods,
brass ornaments. and paintings re-
garded by the committee as 'out-
and-out" Iuxuries, q 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 l 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 a certain figure. A partial
list OF these follows:
Fiber carpets and rugs costing more
than IS a square yard, trunks over
$50 and yalises. travelling bags and
other luggage over S25, mems and
boys suits exclusive OF uniforms $50,
women's ready-made cloaks and suits
more than $40, and the same articles
tailor made over $50. mems hats over
IS and caps over 81, all shoes over
above 81 and women's above 81 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
cents a gallon A 10 per cent manu-
facturers' tax is levied on autos and
motorcycles: motorcycles in the hands
of the owner are assessed IS as a
license tax, and auto owners must
pay on the following schedule:
Taxes on Autos.
Cars OF twenty-three horsepower or
less, SO; twenty-f' r. TO tt irty horse
power, $50; thirty he to forty horse
power. $50, and over forty horse
power. $50.
Electric cars are taxed IS for each
horsepower and so cents for each 100
pounds II weight, and wagons and
trallerS must pay per cent
Motor boats must pay SO and yachts
up to so feet must pay 81 a foot;
and over 100 feet, 81 a foot
Preset 'a5acco rates are more than
double .'bacco and snuff must pay
30 ce:.- Ind, cigars weighing less
than rounds per thousand are
taxed =. thousand. Those Weighing
more alc taxed from $5 to $50 per
thousand, according to price.
Cigarettes weighing not more than
three pounds per 1000 and retailing
at less than 2 cents each are taxed
$41O a thousand. and those at more
than 2 cents each $50. Those weigh
ing more than three pounds per 1000
must bear a tax OF $3.50 per thousand
Movies HIT.
Movies and ice cream sodas are also
hit The present 10 per cent tax on
all admissions to amusements Is dou-
bled, and any admission less than
cents must pay a 1-cent tax.
In addition to this there is a per
cent tax on rentals of movie films.
Manufacturers OF soft drinks must
pay 10 per cent, and there is a fur
ther retail sales tax OF cents for
each 10 cents of price or fraction
thereof.