The Barre daily times. (Barre, Vt.) 1897-1959, 1919-02-06
AMERICAN PEOPLE TOLD
WHAT THEY MUST RAISE
TO RUN THE COUNTRY
Continued from first page

/ ulCldlN buG uOb Ot HJdle OlIlCIalS.
For submission Of all government con
| tracts, by contractors on demand of the
internal revenue commissioner.
For exemption of 20 per cent to oil
prospectors
Establishing an advisory tax board Of
six members in the treasury
| Restricting sale AID use of narcotics
| by strengthening the Harrison drug act.
| Although most of the Senate rates in
the bill are retained, the conferees made
many important changes affecting income
and war excess profits taxation rewrit-
ing scores of amendments and virtually
redrafting a substantial part Of the
measure.
In agreeing upon war excess profits
taxes tconfned to corporationsl ], the con
| teTees struck out the House alternative
! plan to levy on war or excess profits ac-
cording to the highest yield. adopting
the Senate composite plan. The pre- war
| period standard u calendar years of
| 1911, 1912 and 1913 was retained, as was
the system of credits. Corporations with
| income less than $4,000 are exempted.
Other limitations are for maximum ex-
cess profits tax of 80 per cent this year
and 20 per cent in 1920 on income under
$4,000 plus so per cent in 1919 and 40
nor cent thereafter on income over 500
600. n,
Lower Estate Taxes.
Estate taxes, substituted for the Sen
ate inheritance levies, and following the
| original House plan, are imposed at rates
lower than existing law. With a general
exemption of $4,000 the new rates range
| from | to % per cent the minimum on
net taxable estates, exceeding by $25,-
! 600 to $4,000 exemption, and the max
| imum of % per cent on estates Of $l0,-
100000 and over. The existing gradual
ed rates range from per cent on estates
under $4,000 to % per cent on those ex-
ceeding Sl0000,000, while the House pro-
posed rates from to 40 per cent.
The provision for taxes on transporta-
ton and other public facilities. effective
April !, largely follows the existing law,
but reduces from i3 to per cent the
levy on seats, berths and stateroom ac-
commodation in sleeping or parlor cars
or on vessels; fixes the rate on telegraph.
telephone cable and radio messages at
five cents on those costing 8 cents to so
cents, 10 cents on those above so cents
instead OF the present five cent fiat
charge on messages costing Is cents and
more. and imposes new tax on private
or leased telephone or telegraph wires,
except press wires, of 10 per cent of rent
ais. In fixing the passenger transporta-
ton taxes the conferees adopted a Senate
amendment to exempt Communication trips
Of less than 30 miles or fare paid under
~ cents
Insurance taxes, effective April !. at
virtually existing rates based on pol
icies written, were adopted as proposed
by the House, in lieu Of the Senate plan
to tax insurance companies incomes.
Beverage taxes contingent on prohibit
ton, as adopted, are: Distilled spirits for
non beverage purposes $500 per proof
gallon, the present rate; distilled spirits
manufactured, imported or withdrawn
for beverage purposes, S6.40 per gallon,
double existing law but with a relief"
provision suspendiug certain charges on
spirits held in bond by prohibition; beer
and other fermented beverages, SO per
barrel double present law wines, double
existing rates based on alcoholic content,
also with prohibition relief" provision
permitting distilIatiOn of wines for in
dustrial purposes; cereal beverages or
near beer, Is per cent on sales, new
tax; grape juice, ginger ale, pop, arti-
fetal mineral and carbonated waters and
beverages and similar soft drinks, l0I
per cent on manufacturers sales, instead
of the present rate Of one cent per gal
Ion; natural mineral waters, two cents
per gallon, double present law.
A new tax, effective May /. next. is
al IS
retailers sales of ice cream, soda water,
sundRs and similar confections or drink,
to be paid by consumers.
Cigar rates fixed by the conferees
range from $50 per thousand, instead of
81, on cigars weighing three pounds or
less per thousand, to SIS per thousand, a
50 per cent increase on cigars sold in OK
cess of 20 cents each, Cigarettes are
taxed 50 per thousand, instead of sos
on those weighing not more than three
pounds per thousand, and 81 20 per thou
sand, instead of $3.50 on cigarettes
weighing more
Tobacco and snuff are taxed is cents a
pound an increase of five cents. Strn-
gent rules were adopted by the conferees
to regulate dealers in leaf tobacco,
Amusement admission taxes in the bill
effective April l were increased only in
few instances, the general rate of one
cent on each 10 cents or fraction paid
being retained after petitions bearing
thousands of names were received pro-
testing against an earlier agreement to
double the rate.
Club dues are taxed 10 per cent, the
present rate, upon members of organiza-
tions charging more than $40 annually.
Excise or manufacturers sales, taxes,
including so-called Injuries covering a
wide range Of articles, include:
Automobile trucks and wagons, ex
exempting tractors, and their tires and
accessories, 3 per cent, the present rate
automobiles and motorcycles and acces.
series, per cent, an increase of per
cent; pianos, organs excepting pipe or
gansl, players, talking MACHINES, music
boxes and records, per cent, increased
per cent.
Sporting or athletic goods, ETC. 10 per
cent, increased from 3 per cent; chewing
gum, per cent, increased ] per cent; !
cameras, 10 per cent, increased from 3 |
per cent; Photographic films and plates,