The Dawson news. (Dawson, Ga.) 1889-current, 1919-03-04
WITH INCREASED TAXES Eff
FECTIVE THE COST OF MANY
ARTICLES SOAR HIGH.
JOY IS ALMOST TAKEN OUT
OF LIFE FOR SOME PEOPLE

SShcoulG on LuXurleSS oDaccO frod-
ucts and Liquors Especially Heavy.
Other Increases to Help Uncle Sam
Are Yet to Come.
Increases in the new revenue tax
law, which is now in effect, has re-
suited in rise in the retail cost of
many articles.
Taxes which become operative at
once and cause the average con-
sumner" to dig deeper in his pockets
include those on liquor, tobacco, soft
drinks, so-called Injuries such as au-
tomobiles, pianos, candy, chewing
gum, sporting goods and slot ma
chimes; capital stock of corporations,
brokers, amusement places, taxicabs
and other special businesses.
Georgia being dry state the liq-
uor tax does not make much differ
ence, but users of the tweed" are
touched right lively.
The new act was signed and be-
came effective Thursday, and the
Dawson dealers confronted their Gus
toners Friday morning with higher
prices, which had scared during the
night. Two cents increase was put
upon all 15-cent packages of cigar
cites, and 7 cents was charged for
scent cigars.
Chewing tobacco and smoking to-
bacco adds one cent to the present
price. Some plug tobaccos will issue
smaller cuts at the present price.
Cigars and stogies, it is believed, will
hold for the present, until the lead
ing factories unite in their action.
Anticipating the imposition of new
taxes thousands of gallons of whisky
had been withdrawn from govern
ment bonded warehouses within the
last week, with tax paid at the old
rate of $500 a gallon, to escape the
higher rate of S6.40 a month now
effective.
Other features of the tax bill which
are now in effect include the follow
ing:
Taxes on incomes, excess profits
and war profits; estates and inherit
ances, and excise taxes on a number
of special businesses, such as brokers,
bowling alleys, insurance compa-
MES, theater and amusement proprie-
tors and liquor dealers. Drastic meas
ures to prevent the narcotic drug
traffic become effective at once.
Other Taxes Coming.
Other taxes are coming with regu-
larity. On April 1 new taxes on rail
road and steamship tickets, pipe lines,
insurance, theater admissions and
club dues and variety of stamp
taxes become effective.
On May l the semi-luxury taxes
become effective on articles of dress,
and the soda water tax, which must
be collected directly from the con-
sumer. The other taxes, on cameras,
pianos, candy, auto parts, are goods,
everything save food and air, are paid
by the manufacturer, and effect the
ultimate consumer only when prices
are raised to meet them.
The measure is expected to raise
six billion dollars in taxes.
,2OO,OOO,OOO for rs Years.
1t will cost the American people
, about ,200,O00,000 a year for the
next twenty-five years to pay off the
war debt, according to estimates of
the treasury based on incOmnlptp
knowledge of precisely what the final
war debt will be. This calculation is
made on the assumption that the net
war debt, with deductions for loans
t . the allies. will be in the neighbour
hood of $lS,000,000. Interest on this
amount at the rate Of Az per cent.
would be $765, 100000 a year, to be
raised by taxes and then repaid to
bOndholders. In addition about $417,-
100000 would have to be provided
every year as a sinking fund to re-
deem all bonds in twenty-five years.
This would require a cumulative
sinking fund provision of 2.32 per
cent. Congress has not yet authoor-
lied establishment of sinking fund
Income and profit taxes may be
paid in treasury certificates of in
debtedness, tax series of 1919. dated
August 20, 1918, maturing July IS,
1919, and in treasury certificates of
Indebtedness, series T, dated Novem-
Der 7, 1918. maturing March IS,
1919. No other certificates to March
Is, 1919, will be taken in the pay
ment of taxes due.