The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1920-07-23
MILLIONS TO Be ADDED
REVENUE FOR UNCLE SAM
WILL INCREASE
Special Taxes Due On or Before
July 81; List of Those
Assessed
lTE'W

or before July 81, 1920. TIL list in
cludes the tax on brokers, pawnbro-
kers, museums, theaters and con-
cert halls, circuses, bowling alleys,
shooting galleries, riding academies.
tobacco, etc. Forms for filing re-
turns are available at offices Of COL
lectors Of internal revenue and branch
offices. Heavy penalties ranging
from a fine not to exceed $1,000 for
failure, and not to exceed $4,000 or
one years Imprisonment. or both for
willful refusal to make return and
pay the tax on time are prescribed
by the current revenue act. Returns
of the capital stock tax also must be
filed on or before July 81.
TO facilitate prompt collection and
as an aid to the taxpayer as we'll as
the government. the bureau has sug-
gested that filing Of the return be
accompanied by payment of the
appealing to corporation, as it les
sens liability to penalty.
Applies to Every Corporation.
The capital stock tax applies to
every corporation carrying on or do
ing business in the United States.
TIE tax on domestic corporations Is
81 for each $1,000 Of so much of the
fair average value of its capital
stock for the preceding year ended
June 80 as Is in excess Of $4,000.
Foreign corporations are required to
pay tax Of 81 for each $1,000. of the
average amount of its capital en-
ployed in the transaction Of its bus
mess in the United States during the
preceding year ended June 80, withe
out the benefit Of the $1,000 deduc- =
ton
The tax on brokers whose business
it Is to negotiate purchases or sales
of stocks. bonds, exchange, bullion.
coined money, promissory notes or
other securities, and produce or mer-
chandise is $50 year. If the brok-
er is a member Of stock exchange.
produce exchange, board of trade or
similar organization which sells pro-
duce or merchandise and the average
value on June 80 of a seat or mem
bership in such organization was
81, 900 and not more than $4,000 he Is
required to pay an additional tax of
800. If such value was more than
SIS. 900 he is required to pay an ad-
ditional tax of $3.50. Pawnbrokers
are subject to- a special tax of 500
year.
ak on SHip oToNSTo.
The tax on ship brokers whose
business is to negotiate freights and
other business for the owners Of
vessels or for .consignors or con-
signees of freight carried by vessels
/ Is $50 year. g
Custom house brokers whose bust
ness, as the agent of others, is to ar
range entries and other custom house
papers or to transact business at any
port of entry relating to the impor-
tation or expectation Of goods and
merchandise, pay special tax OF
$50 a 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 seating ca
Dacity of not more than ESQ are taxed
$50; seating capacity of more than
$50 and not exceeding 500. $1,000; OK
ceeding 500 and not exceeding 800,
$3.50: in excess of 800, 5000. The tax
in cities or towns Of less than 5000
inhabitants in one half of these
amounts This tax is paid by the
cuses is 800.
The tax on bowling alleys and BILL
! liary rooms IL $40 for each alley or
.~h'o ch"otir~ galleries are subject
to tax of 500 The tax on riding
academies is 500.
Operating Passenger Automobiles.
Persons carrying on the business
Of renting or operating passenger
automobiles for hire are required to
pay tax of SO for each such auto
mobile having seating capacity Of
seven and $40 for each such auto
mobile having a seating capacity of
more than seven
The special tax on tobacco sales
by the manufacturer are as follows;
not over $4,000 pounds, Sc; in ex-
cess Of soonN ponnds and not over
100. 900 pounds, SIC; in excess Of
100000 pounds and not over 10000
pounds, 1924; in excess of 10000
pounds $24 and at the rate of &c cents
per thousand pounds or fraction
thereof in respect to such excess.
Manufacturers of cigars are sub
ject also to special tax With respect
to sales as follows; not to exceed
SO. 900, 81: in excess of $4,000 and not
to exceed 10000, Sc; in excess Of
100. 900 and not to exceed 100000,
s12: in excess Of 100000 and not to
exceed 100000. s24; in excess of
400. 900, S24 and at the rate of 10
cents a thousand or fraction thereof
IN reSpeCL 10 SuCu eACeSS.
Manufacturers Of cigarettes, in
Guiding small cigars weighing not
more than 8 pounds perthousand are
taxed at the rate Of six cents for ev-
cry 10000 cigarettes or fraction
thereof
Tobacco Tax Computed.
The tobacco taxes are computed
on the basis of sales for the year
ended June 80. The tax on pleasure
boats, yachts, power boats and sail
ing vessels is rated according to the
length and tonnage.
Wholesale liquor dealers who have
qualified as such under the National
Prohibition Act engaged in the sale
OF distilled spirits and wines for non
beverage purposes are subject to a
special tax of 800 a year.
Retail liquor dealers confined
strictly to dispensing pharmacists
who can sell distilled spirits and
wines on prescriptions authorized
under the National Prohibition Act
are subject to special tax Of SIS.
Manufacturers and wholesale and
retail dealers in oleomargarine, adul- |
terated butter, filled cheese. and per-
sons engaged in the manufacture Of
mixed flour also are subject to spe-
cfal taxes.