New-York tribune., 1921-01-09
Poll Levy of
S5 Includedin
New Tax Plan
Dry Goods Assn Schedule
Fixes $50, 900, 900 as Sum
That Could Be Raised bv
Assessing of individuals
Program Filed in House
An Exemption of S.. 900 for
All Business Is Made One
OF the Schemes Features

WASHINGTON, Jan. 8.-A comure-
nenslve program for revision Of the
Federal tax laws, estimated 20 Weld
annually the $4,000, 100000 which Sec
retary Houston has said the Treasury
required, was filed to-day with the
House Ways and Means Committe. bv
the tax committee of the National Re-
tail Dry Goods Association.
The plan contains several pronosaIs
not heretofore advanced, including the
assessment Of Federal poll tar If
s. on each person more than twentv-
one years old who receives an inde-
pendent income. Income tax exemp-
tlons, 1t is proposed, would be raised
rom $1,000 to $500 for unmarried
persons. and from $4,000 TO $4,000 for
heads Of families. All businesses
would be allowed m exemption Of s5.-
900. f''
Other features are:
income from salaries, wages. bonuses
ana commissions should not be taxed
at so high a rate as income from
business and investments.
Income derived from husirese
whether individual, partnership or
corporate, should be taxed on the hrsi-
ness itself and be subject to no .ad-
tax when distributed to oart-
ners or stockholders.
Tax on Gross Sales
All other incomes, including nrof+
rom the sales of capital assets sbonld
ne taxed at higher rate than income
rom business, and in still higher de-
gree than income from manual or
mental effort.
here should be tax on gross sales
OF al goods sufficient. when added 20
&I ooher taxes proposed in the pro-
gram ana including customs receipts,
10 aggregate the required $4,000,
100000. Y''''0'-
The program would eliminat. Tho
excess profits tax, surtaxes on indi-
V'duals, taxes on transp sportation. in
sIrance, admissions, dues and on non
alcohoLc beverages and special and
capita stock taxes, stamp taxes and
certain excise taxes.
ne normal income rate yonId he
lxed at per cent on the first $4,000
above the exemption, while the re-
malnder would be subjected to a tax
u Per cent and no surfaces would
be levied
Income from business institutions
would be taxed at 10 per cent on
amounts above the exem ption.
Poll Tax $4,000, 600
All other incomes, including "un-
earned" or investment income and
profits, would bear surtaxes ranging
rom l per cent on incomes from 500
700 to $4,000, to 6 per cent on incomes
n excess Of S50O,00O
Estimates complied by the associa-
ion committee placed the revenue
rom the s. poll tax at s80,000,O00 an
luaily. From income taxes Of all kinds
proposed in the plan, il was estimated
he revenue production would be ap-
oroxlmately $1.S23 ,0O0, 900. Customs
'eceipts were placed at S360.O0O 900.
and the sales tax, which the organizs-
Aon proposed with rate of l per cent.
would yield S1,81650O 900
Customs receipts were calculated on
ne basis Of the present revenue act.
likewise the estimate Of collections
rom the sales tax was said by the
association representatives "to be verv
'onservatlve,' and they predicted that
'ne-half of | per cent may be ample
20 raise the revenue needed to com
'lete the $4,000, 600 600 Judget.