The midland journal. (Rising Sun, Md.) 1885-1947, 1921-11-11
TAX REVISION /
BILL PASSED
Luxury and Travel Taxes
Repealed BY Revision
MEASURE TO CONFERENCE
Levy On Patent Medicines, Toilet
Articles, Sporting Goods, Ice
Cream And Chewing Gum
Others Reduced.

NEUTRALITY-SUSPICIOUS. features
of the Tax Revision bill as passed by
the Senate provide for repeal of the
excess profits tax and all Of the trans
portation taxes next January and
reduction Of the surtax all along the
line, with the maximum rate reduced
from 65 per cent. to so per cent.
Besides these changes the bill would
repeal taxes on:
Parcel post packages.
Proprietary medicines, toilet soaps
and toilet soap powders, tooth pastes,
tooth and mouth washes, toilet pow.
ders and petroleum jellies tstamr
taxes).
Pianos and other musical instru
ments.
Tax Off Of Luxuries.
Umbrellas, parasols, sunshades, pic
lures, frames and various articles Of
wearing apparel costing in excess OF
certain amounts (so-called luxury
taxes). g
Insurance premiums.
Articles made of fur.
Moving-picture films.
Ice-cream.
Chewing gum.
Sporting goods, including billiard
balls and tables, pool tables and dice
Admissions where the cost does moi
exceed 10 cents. ~
Pleasure boats and canoes costing
less than 500.
Thermos and thermostatic bottles
and jugs.
Portable electric fans.
Bonds of indemnity and surety
(stamp taxes).
Many Taxes Reduced.
Taxes proposed to be reduced in.
clude those on:
Individual incomes Of $4,000 or less
through increased exemptions of $500.
to heads OF families and 5000 for each
dependent.
Candy from per cent. to per cent
Works of art from 10 per cent. to 5
per cent.
Capital stock issues having a par
value of less than 500 a share (stamp
taxes).
Cereal beverages from Is per cent.
of the sale price to cents a gallon.
Unfermented fruit juices from 10 per
cent. of the sale price to cents g. gal
Ion.
Carbonated beverages from 10 per
cent. of the sale price to cents a gal.
Ion, plus cents gallon on the syrups
used in their manufacture.
Some To Be Increased.
Taxes proposed to be increased in.
clude those on:
Corporation income from 10 per
cent to is per cent.
Corporations through the repeal OF
the $4,000 normal exemption on those
having capital stock in excess OF
$4,000.
Estates taxes where the total sum
exceeds $10,000,0O0.
Medicinal beer, wine Except cham.
payne and whisky.
Alcohol when diverted unlawfulIy
for beverage purposes, from 1920 a
gallon to $6.40 gallon.
Taxes proposed to be changed in
form include:
Stamp levies on perfumes, essences,
toilet waters, extracts, hair oils, etc., tc
manufacturers levies at 4 per cent.
Retail taxes on fountain drinks tc
manufacturers levies of tx cents
gallon on finished fountain syrups for
such drinks
Shifted To Manufactures.
Retail luxury taxes on carpets, rugs,
trunks, valises, travelling bags, suit
cases, hat boxes, fitted toilet cases,
purses, pocketboks, shopping and
handbags, portable lighting fixtures, in
Guiding lamps of all kinds and lamp
shades, and fans costing in excess OF
certain amounts, to manufacturers
taxes of s per cent.
New taxes proposed to be imposed
include:
Levies on gifts of property by any
person at rates ranging from / per
cent. on the amount between $4,000
and $4,000 to rs per cent. on $4,000,
900 or more.
Manufacturers tax of per cent. on
carbonic acid gas to make up part OF
the revenue lost in repeating the
soda water taxes.