The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-07-19
MILLIONS In
REVENUES DUE
Many Classes of Business and
Amusements Contribute Dur
ing Month of July.

Millions Of dollars will be added ia
the revenues of the government this
month from special taxes due or be-
fore July 81, 1920. The list includes
the tax on brokers, pawnbrokers, ,nu-
seums, theaters and concert halls, cir
cuses, bowling alleys, shooting CALLER
les, riding academies, toba eco, buses,
etc.
@'ormS for Hing ~eturns are aEailab q
at offices of collectors IF Internal rev.
enue and branch offices. Heavy pen
alties ranging from a fine not to ex-
ceed 81, 900 for failure, and not TO cx-
ceed $4,000 or one years :mprison-
ment, <or both fer willful refusal 10
make return anI pay the tax on time
are prescribed by the current revenue
act.
Returns OF the caprtal : tcci. tax al
so must be fi!ed OH or before July 81
To facilitate pf3clpt collection and as
an aid to the taxpayer as we'll as the
government, the Bureau has suggested
that filing of the return be accom-
panied by payment of the amount of
tax due. This method is appealing to
corporations, as = lessons liability to
penalty.
The capital stock Ia: applies 70 ev-
cry corporation carrying on or doing
business in the Jni.ed States Th1
tax on domestic corporations Is 81 foI
each $1,000 OF 50 much Of the fair
average value Of Its capital stock for
the preceding year ended June 90 as
is in excess of $4,000. Foreign copper
ations are required to pay tax of 81
for each $1,000 Of the average amount
of it's capital required in the transac-
ton of it's business in the United
States during the preceding year
ended June 80. without the benefit of
the $4,000 deduction.
The tax on brokers whose business
it is to negotiate purchases or sales of
stocks, bonds, exchange, bullion, coined
money. promissory notes or other Sc
curities, and produce or merchandise
is $50 a year. If the broker is mem
Der of the stock exchange, produce eX-
change, board of trade or similar Or
ganization which sells produce or mer-
chandise and the average value on
June 80 of a seat or membership in
such organization was $4,000 and not
more than $4,000 he is required pay
an additional tax of 800. If such
value was more than $4,000 he is re-
ouired to pay an additional tax of $3.50.
are subject to a special
tax of 500 a year.
The tax on ship brokers whose bust
ness is. to negotiate freights and other
business for the owners of vessels or
for consignors or consignees of freight
carried by vessels is $50 year.
Custom house brokers whose busi-
ness, as the agent of others, is to ar
range entries and other custom house
papers or to transact business at any
mort of entry relating to the importa-
tion or expectation of goods and mer-
chandise. pay a special tax of $50
year.
Theaters, museums and concert
halls are taxed according to their
seating capacity, and the population
of the city or town in which they are
located. Those having a seating ca
pacity of not more than 250 are taxed
$50. seating capacity of more than $50
and not exceeding 500, 800; exceeding
500 and not exceeding 500, $3.50; in ex-
cess of 500. 5000. The tax in cities or
towns of less than 5000 inhabitants
in one-half of these amounts. This |
tax is paid by the proprietor. The
snecial tax on circuses is 800.
The tax on bowling alleys and bill !
lard rooms is $40 for each alley or
table. Shooting galleries are subject |
TO a tax of $40. The tax on riding |
academies is SlO0.
Persons carrying on the business OF
renting or operating passenger auto !
for hire are required to pay a |
tax of SO for each such automobile
having a seating capacity of more than !
two and not more than seven. and $40 |
for each such automobile having a |
seating capacity of more than seven.
The special tax on tobacco sales by
No 1-continued On Page 2.