The Dawson news. (Dawson, Ga.) 1889-current, 1921-11-22
MANY CHANGES ARE
MADE IN INCOME TAX
EXEMPTIONS OF HEADS OF
FAMILIES INCREASED. CAN
DIES, SODAS, ETC. EXEMPT.

The income tax provisions of the
news revenue bill passed by congress
were changed considerably.
The exemption for single persons
remains at $1,000 unless those single
persons happen to be the head of fam
lilies with dependents looking to them
for support In the case of heads of
families, married or otherwise, the ex-
Iemption has been increased from ST.
900 to $500, and the exemption on
account of children under Is years of
age from 5000 each to $500 each. These
changes are retroactive to Jan. last,
which means considerable saving to
a man of medium wage receipts when
he pays his tax next March.
Recreation and travelling will be
cheaper for the average man next year.
All transportation taxes, which now
yield about $225,000,000 annually, will
be repealed on the first OF the year.
Sporting goods, musical instruments,
ice cream sodas, chewing gum, toilet
soaps and tooth pastes will no longer
suffer the handicap of tax. Theater
admissions and candy, however will
still be taxed.
How Bill Will Work.
The revenue bill as finally passed
will yield $3,250,000,000 during the
current fiscal year. The present law
would have brought in S3,460,000,000
during the current fiscal year The new
bill provides for the repeal of the ex-
cess profits tax on Jan. l, 1922, but
as this is not retroactive this tax will
yield $600,000,000 in the fiscal year be-
ginning last June. Collections from
individual incomes" normal and sur
tax about evenly divided are expected
to bring $850000,000.
The senate's proposal for 4 per
cent manufacturers tax on perfumes,
essences, extracts, toilet waters and
the like was adopted. Other taxes
agreed on are:
Automobile trucks and automobile
wagons, including parts and accesso-
ries, 3 per cent.
Other automobiles and motorcycles,
including parts and accessories, 5 per
cent.
Cameras, weighing not more than
10 pounds and lenses for such, 10 per
cent.
Photographic films and plates (other
than moving picture hlms), 5 per cent.
Candy, per cent
Firearms, shells, etc, 10 per cent.
Cigar and cigarette holders or pipes,
composed wholly or in part OF meer-
shaun or amber humidors and smok-
ing stands, 10 per cent.
Liveries and livery boots and hats,
10 per cent.
Yachts and motorboats, not design
ed for trade or fishing or national de-
Tense; pleasure boats and pleasure ca
noes if sold for more than 500, 10
per cent.
Works OF art, per cent.
Excise taxes now in force, the re-
peal of which is agreed upon are:
Articles made OF fur, 10 per cent.
Musical instruments, per cent.
Sporting goods, including pool and
billiard tables, 10 per cent.
Chewing gum, per cent.
Portable electric fans, 5 per cent.
Moving picture films, per cent.
Manufacturers taxes on soft drinks,
to be in lieu of the present levies, were
agreed upon as follows:
Upon all beverages derived wholly
or in part from cereals, l cent a gal
lon.
Upon all unfermented fruit juices,
intended for consumption as beverages
with the addition of water and sugar,
and upon all limitations OF such fruit
Juices and upon all carbonated bever-
ages, except cereal, 2 cents a gallon.
Upon all still drinks Except pure
apple cider), 2 cents a gallon,
Upon all finished or fountain syrups
for use in compounding drinks, 9 cents
gallon.
After limiting it to admissions to
moving picture shows the conterees
agreed to the senate amendment pro
viding that no admission tax shall be
collected where the charge does not
.--.ood IN cnrtc