The Richmond Virginian. (Richmond, Va.) 1910-1920, 1919-04-09

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the new revenue Inv would be con.
siderabiy higher than the es,imate oil
80, 600, 100000 made at the time con.
Eress enacted the law.
Examination of the tar reports
shows that. contrary to the general
Idea. Tho greater proportion Of per-
aonE In modest circumstances have
paid tho fun amount due in n lump
sum. while the wealthy class. to a
large exteni. has taken advantage of
me privilege 10 make payments In
four quarterly instalments.
since The new law became operative.
February rs, Commissioner Roper
stated. si,io0. 100000 has been col
lected In income, excess profits md
war profits taxes This amount
coNers only tho first instalmants
Ah"u4d tho succeeding payments not
exceed the initial collection, the In
dicateh total would be $a,Aoo 900 900
Owing tn the limited time~~twenty
daya-a'lowed for the preparation Of
returns tho filing OF eHtimates wan
permitted These reports were not
through, said tho commissioner
When the complete returns are in
II Ia confidently believed that the
revenue from these sources Win be
greatly in excess OF the estimate of
$4,000 Don. geo.
a very considerable sum also Ia OK.
p@ciea tn ha derived from Interest on
ueferred payments IN CAGES whore tho
original estimated returns were too
small. No interest ia charged where
The original returns were accurate
1T looks an If the estimate Will be
more than met from this source"
said missioner Ropar.
ENCEED EXPECTATIONS
with tho taxes from ether sources
] believe, by proper administration
we VIII get moro than the 81, 600 ,poo.-
200 that the law was designed 10
raise during the calendar year
The 1917 revenue act was In effect
for nine months OF the present fiscal
year. During that period $1,000
100000 was collected With the
81, 100, 100000 already collected and
the June instailment, which la ex4
rected to be considerably larger,
Commissioners Roper believes the az.
EreEate collections during the present
fiscal year will reach $4,000. 900, 900.
This Ia moro moncy than any
I'd in taxes In any Xne year Mr.
Roper stated Paying n fine complie
mont to the American people, be add
ied:
And Il couldn't be done here, ex-
eept throtgh 'tho Broad ana intcIliS
gent co-opcration OF the tax payers
is' too big for the American
people"
Administration OF the new revenue
aw has placed upon the Internal
Revenue bureau the creates, task
sver undertaken by a tax-Eathering
agency. Few serious difficulties have
arisen and the work has moved
and with dispatch. The
commissioner said.
we are Interpreting the law an
'apidly AZ we can, and are putting |
lac interpretations into constructive
'eEiitafiohs for tho guisfunre OF Tho |
,uhiic. have requested tho officials
'harEed with these duties To keep n /
legislative memorandum OF any real
iiffionliies which. In their opinion,
'ught TO be brought TO tha attention
u congress-. OF course. these SUCCESS
ions viii only ho presented by the
eereiary OF the treasury I'M The event
hey are called for.
The one section ~ The new law
which stands out in the mind Of the
phiie ~ the luxury tax section, which
ongfess already has intlmated de-
ire and Intention ~ repeal A reso-
itIon embodyine The repeal was pass i
Z in tha hctise ana fav0rnbly rapdsted