Evening journal., 1919-02-06

Appropriation OF more than e40Oot0Dot
The provision originally was for 500
: TO officers and $50 TO enlisted men an,
nurses but conferees fixed on the uni
form rate OF $50 for ell as being morl
democratic.
The bill allows income taxes 10 b
paid In one o. four lnstallments as IN,
! taxpayer chooses. The nrst install.
meni is due when the return is flled
the second three months later the third
In six months and The last in nine
months.
War and Excess Profits Tax.
Provision is made for both war and
excess profits tax in The present fiscal
year, but after that the war profits tax
comes of. except in certain specified
cases where war contracts run Ovsi
into later years
The excess profits tax for i9is-i9l9 Is
30 per cent OF profits up 10 20 per
cent. and 65 per cent. OF all profits over
90 per cent. Before figuring this tax
the taxpayer deducts from his net in
come $500 plus per cent OF his cap
ltal as an excess profits exemption.
Concerns making less than $1,000 a year
net income pay no excess PROFITS.
/ Tor 1890 and thereafter the rates
are 90 per cent OF profts up to 20 per
cent and 40 per cent. Of all proflts over
20 per cent.
The war profits tax for the fiscal
year is the difference between so per
cent. OF the net income after deducting
the "war profits credit" and the
amount OF the excess profits figured
under the preceding provision. The
war profits provision, one OF the most
involved In the bill. reads as foilNws:
"The sum, II any by which 50 per
cent OF the amount Of the net in
come In excess In war profits credit.
exceeds the amount OF the tax COM
puted under the FIRST and second brack-
cts (the excess profits tax provls.On.)"
The war profits credit Is $1,000 plus
the average net income for the p-e-war
period (i9li.-i2-i3) plus 10 per cent. Of
the difference between The average in |
vested capital OF the pre-war period /
and The invested capital In the taxable
year. -
Estate Tax.
This provision levies a tax beginning
at per cent. on estates not over S50.-
900. and running 10 40 per cent. on
those over Si0,O00.0OO. Estates OF SOL
dlers, sailors and marines killed In the
war or who die within one yea- from
injuries sustained are exempt from
payment Of this tax.
Transportation Taxes.
uhaoa pnvoafp Iorga1x In fba nrAc- |
ent Laws per cent on freight. foreign
or domestic; one cent on each 20 cents
paid for carrying express; s per cent.
on passenger fares except commuta-
tion or season tickets. 8 per cent tpres-
ent rate 10 per cent? on parlor car
chairs and seats, berths or stltsrooms
on boats or train; s per cent. tpreseut
per cent) on oil carried in pipes
The tax on telegraph and telephone
when now is Ave cents on
each message costing fifteen cents or
more becomes 1ve cents on messages
costing so cents and Ten cents above
he last named sum.
Insurance taxes remain as now.
Beverage Taxes. %.
On distilled spirits. 500 a gallon in
tead OF the Ss rates adopted by the
louise; II In bond S2.20 gallon in
tead Of the s440 House rate Per-
umes containing distilled spirits sii9 :
vine gallcn instead OF SO 80 in the :
louise bin. A tax OF 30 cents a gallon {
5 put on rectAed spirits or wines. .
nd i5-cent floor tax. - =
Beer pays Sc a barrel. still wines, =
Vermouth, containing less d
han "a per cent alcohol, i6 cents a 81
'allon; "a 10 p per cent. alcohol, 30 !,
ents: 81 TO q per cent alcohol, 81. n
Wines and brandy withdrawn for Il
ortlfying, GO cents a gallon. Cham /,
,agne. ~ cents a half pint. a
Cereal beverages lnear beers1 IS per II
'ent. OF The selling price. The House h
ak was 30 per cent, Soft drinks. 10 Ia
per cent. OF the sale price; House rate Al
vas 20 per cent Mineral and table ri
waters, per cent. Of the sale price p
After May 1, 1919, a tax Of one cent II
Is levied on each ten cents charged for a
zee cream. Ice cream sodas. sundaes ami b
similar refreshments II eaten where Al
sold. 4,
Tobacco and Cigars. b
Cigars weighing not more than three al
pounds 10 The thousand, $50 per II
housand mouse rate 81 more than o
three pounds and retailing for 1--WE
cents, 81 per thousand; selling from II
i've 10 eight cents, Sc; eight 10 IS cents O.
~; 10 to 20 cents, si2; over 90 cents e
'i5. s,
Cigarettes not over three pounds Il
thousand. So; over three pounds, S7.20. q
,obacco and snuf, IS cents a pound S
cigarette papers In books OF 250 or 500.
Dne-half cent; 20 to 100, one cent; over 4
90, one-half cent for each so; tubes. s.
ne cent on each 80.
omissions and Dues. l'
The conferees cut 10 10 per cent the s
D per cent theatre tax they had ear y
er decided on. After April 1, 1919, the .
* Is one cent on each ten cents. Spec
lators who sell tickets at an excess :
fifty cents over the regular mus =
llect and pay the excess tax. Roof y,
rden and cabareis pay a tax OF one >.
d one-half cents for each ten cents -
arged.
orchestras and entertain :,
nts given for charity or religious n
rposes are exempted
)ues for over $50 pay 10 per cent
liation fees over $40 nav the same