Norwich bulletin., 1920-07-12
SPECIAL FEDERAL TAXES % ARE DUE THIS MONTH

I SPEClA4l FEDERAL TAXES
 ARE DUE THIS MONTH ] Norwich business men in common with ! business men all over the country will 1 be affected by the special taxes due on or before Jury 31, 1920. by which mii- 1 lions of dollars will be added to the reve- nue of the government this month. The list includes the tax on brokers pawnbrokers, museums, theatres and con cert halls, circuses bowling alleys, shoot l ing galleries, riding academies tobacco buses, etc. l Forms for filing returns are available at offices of collectors of internal revenue and branch offices. Heavy. penalties ranging from fine not to exceed S1,0o0 for failure, and not. to exceed $10,0o0 or one years imprisonment, or both for wilful refusal to make return and pay the tax on time are prescribed by the current revenue act.
 Returns of the capital stock also must be filled on or before July S1. To facilitate prompt collection and as an aid to the taxpayer. as well as the government, the bureau has suggested that filing of the return be accompanied by payment of the amount of tax due. This method is appealing to corporations, as it's lessens liability to penalty. The capital stock tax applies to every corporation carrying on or doing business l in the United States. The tax on do- mestic corporations is s1 for each S1,000 of so much of the fair average value of it's capital stock for the proceeding year ended June 30 as is in excess of s5,eoO. Foreign corporations are required to pay tax of S1 for each s1,00o of the av- craze amount of it's capital employed in the transaction of it's business in the 
 ended June 30: without the benefit of the 1000 deduction.
 The laA u.. brokers whose business it is to negotiate purchases or sales of stocks, bonds exchange bullion, coined money, promissory notes or other sec1ri- ties and produce or merchandise is $50 a year. If the broker is a member which sells produce or merchandise and the av- craze value on June 30 of a seat or men1- bership in such organization was $2,000 and not more than 5000 he is required to pay an additional tax of 500. If such value was more than s5, 1000 he is re- quired to pay an additional tax of sl5O. Pawnbrokers are subject to a special tax of $100 year.
 Theatres, museums and concert halls are taxed according to their seating ca pacity, and,the population of the city or town in which they are located. Those having seating capacity of not more than 250 are taxed $50 seating capicity of more than 250 and not exceeding 500, $10O; exceeding 500 and not exceeding soc, $50; in excess of 800, $200. The tax in cities or towns of less than 5000 inhabitants in one-half these amounts. This tax is, paid by the proprietor. The special tax on circuses is $100
 The tax on bowling alleys and billiard rooms is $10 for each alley or atble. Shooting galleries are subject to tax of $20.
 Persons carrying on the business of renting or operating passenger automo- piles for hire are required to pay tax of $10 for each such automobile having a seating capicity of more than two and not more than seven and $20 for each. such automobile having seating capaci- ty of more than seven.
 The special tax on tobacco sales by the manufacturer are as follows: not over 50,000 pounds, $6; in excess of 50. GOO pounds and not over 100,0 pounds, SIP in excess of 100,o0 pounds and not more than 100000 pounds, s24; in excess of 200,00 pounds s24 and at the rate of Is cents per thousand pounds or, fraction therof in respect to such excess
 The tobacco taxes are computed on the basis of sales for the year ended June 30. The tax on Pleasure boats, yachts, power boats and sailing vessels is rated according to the length and tonnage
 Retail liquor dealers confined strictly to dispensing pharmacists who can sell distilled spirits and wines on prescrip- tions authorized under the national pro hibition act are subject to special tax of s25.
 Manufacturers and wholesale and re- tail dealers in oleomargarine. adulterated butter. filled cheese and persons engaged in the manufacture of mixed flour also are subject to special taxes