The Knoxville independent. [volume] (Knoxville, Tenn.) 1894-current, 1919-01-25
Conferees Agree to Rescind Pre-
vious Decision to Raise
Rate.
FINISH INCOME TAX SECTION
Both Houses of Congress Ratify I'm
portant Part of Measure--Table
Gives Tax individuals
Will Have to Pay.

washington, JAN 23.-IaXeS on
amusement admissions will not be in
creased by the war revenue bill.
The conferees agreed to rescind
their previous decision to increase the
rate from 10 to 20 per cent.
The new decision followed receipt
of petitions bearing thousands of
names protesting against the proposed
Increase
In their agreement the conferees de-
cided to let the present tax of one
cent on each ten cents paid for amuse'
ment admissions remain in effect, but
TO increase the tax on cabaret admis-
sions from 10 to Is per cent, and also
that on club dues from 10 to so per
cent.
The tax of one cent on each ten
cents paid for admission applies to the
aters, moving pictures, entertainments,
baseball grounds, circuses and other
amusements.
Receive Deluee of Protests.
The conferees recently determined
to make the rate one cent on each
dime paid under 80 cents-to exempt
cheaper moving picture theaters-and
two cents on each ten cents in excess
of so cents, and thereby brought upon
themselves deluge of protests Peti-
tons against the increase bearing more
than $4,000 names had been re-
ceived and representatives Of the
amusement interests had planned to
submit personal protests.
The proposal to let the present fax
stand was made by Chairman Simmons
of The sen te ma naesssl;s siszs
cepted by the house managers by a
majority vote, with Representatives
Kitchin of North Carolina and Ford
ney of Michigan favoring the 20 per
cent rate.
Conferees on the new two-year war
revenue bill have completed their work
on the income tax section of the meas
ure The last revision of that impor-
tant measure of the bill has been con
cluded. The last word has been said,
except perhaps a few Intellectual pro-
tests when the conference report comes
up for ratification in both houses.
1t may therefore be stated what the
income tax will be that the American
people must pay for the year 1918 and
also for the year 1919. and thereafter
unless Republican congress about to
come into being should amend the
pending law.
On Individual incomes.
On incomes of individuals the tax is
to be as follows:
"For the calendar year 1918, II PEI
| cent of the amount of the net income
In excess of the credits provided in
section ZIG; provided, that in the case
of a citizen or resident of the United
States the rate upon the first $4,000 OF
such amount shall be per cent.
"For each calendar year thereafter
IS per cent of the amount of the net
/ income in excess of the credits pro
vided in section PIG; provided, that II
| the case of citizen or resident of the
United States the rate upon the frs
| $4,000 of such amount shall be 4 pei
| cent"
In addition to the above the surtaxe.
on large incomes. range from ! pei
cent on net incomes in excess of $5,00(
and not in excess of $4,000 to 65 PEI
cent on the income in excess Of $1,000,
600.
How 1t Will Work Out.
Under these provisions the income
tax to be paid by married person O.
head of family with no dependents
not including exemptions for bonds O
| taxable dividends, would be as follow
for the calendar year 1918 and for th'
year 1919.
Income Tax OF 1913: Tax OF l9ls
| 2,500. .................$ So
3,000. "
$780,. W =
/ 1000. 00.................. lN
i 4'5D0 D0...... 100 10
/ 6'OOO. OO..., 180 q
< h01 ... 2l5 Ia