Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1919-02-13

HOW THE NEW REVENUE TAXES TOUCh OUh fOChElc
We need cheerful reading occasionally. At such times
it helpful to turn to taxation We warned that Yer
monts expenses will creep into increase for the coming
biennial period involving possibly more than six cphers We
must have large increase in Vermonts direct tax The
biennial report of the commissioner of taxes for Vermont
State.
If we need additional cheering intelligence have only
cubaon by Congress We have discussed this
the mind with thousands Of details that are constant
state of transition The has been fought through
committee and is said to be about in the form which
poaby This Not since the occupies
less than four and 3 in fine print in New York
doubtless welcome summary Of some OF its chief features
The normal tax rate on individual 1918 incomes 12 per
cent for this and cent in 1920 The exemptions
for single and $4,000 for married
and 5000 for each dependent minor On the first $4,000 Of
INCOME cent to be paid this year and there
after 1t provides for suraxes of cent to 65 cent
incomes from $4,000 to 81 100000.
In the important income tax section, the bill retains all
cent double existing law on corporations income of last
IN of credits previously allowed but fixes the rate for
The income tax salary exemption provided for persons
ae son aIy retains the House m limit OF
those active SERVICE regardless however, of domestic or for
salaries of federal officials including the president
and judiciary be taxed but salaries Of State officials
The features stricken out Of the measure are The pro-
with decrease of charge the proposed federal license tax
VenceS;
business and professional earning 500 more the
proposed tax of cents gall gasone the proposed tax
Transportation taxes staterooms berths
reduced from 10 to cent Telegraph telephone cable
ana radio messages taxed cents Is to 5Ocen
sages and 10 cents on those above so cents.
The new beverage tax on near bear is Is cent.
sales soft drinks 10 cent manufacturers sales
stead of 1 cent gallon.
There new tax to be effective May of cent on re-
tail sales of 10 cents fraction of ecrea soda water
daes and the like, to be paid by consumers
Cigars are taxed $150 per thousand to SIS thousand,
l
20 cents each Cigarette tax So to s72o thousand in
Club dues are taxed 10 cent the
bers paying more than $40 dues year.
Taxes are imposed manufacturers sales of luxury
tces at the rate OF cent including such articles
and pianos excepting pipe
gans talking machines and records sporting goods chewing
gum cameras films candy electric FANS fur articles toilet
new tax of cent effective April 1, is laid jew
ery, clocks, etc. when sold by dealers
% to- ens sS
PURCHASER to pay tax.
stands Some Of the details of various sections gen.
eTal interest semi-uYury taxes of 10 cent effective
viii be modified If not wholly eliminated later by separate
Estate substituted for the Senate inheritance evies
ana following the original House plan, imposed at rates
low than existing law With general exemption of $780,
on net taxable estates exceeding by $4,000 the $4,000
100000 and The existing graduated rates range from
two per cent estates under $4,000 to rs those
Yachts pleasure boats, and boat also
approved with based tonnage double
present prices.
Special provide retention of the 81 capital
stock tax of corporations and make eves effective January
brokers' theatres concert halls etc. bowling alleys
billiard and pool tables shooting galleries. taxcabs and sight
seeing
of the tan and de
Levymg prohbitary tax on products of child labor;
restoring postage rates letters and postcards July
next providing bonus of $50 for all in the
military establishment Offices and enlisted alike; extend
ing the Reed 'bonedy" prohibition law to the District
Goumba increasing from $25 to $1,000 the tax those
dealing in ntoxcants including sts in prohibition terri
tory for submission of all contracts by coac
tors demand of the internal commissioner; for
exemptions of 20 per cent to oil prospecors establishing
advisory tax board of six members in the treasury and
ctng sale and of narcotics by strengthening the Har
rison drug
1t is estimated that the compared with
the present law will produce follows Income tax
$2213OOOOOO against 81 45s 10000; profits
$4,000 against 81 791 000000 estates 100000
600 transportation and other facilities against
0OO beverages $3.50 900 against $4OOOOO
COO cigars tobacco against
admission club Dues $54OOOOOO against $54 900
excise taxes uxuries etc. $175ooOoOo against $760oo
900 against