Middletown transcript., 1921-11-12
TAX REVISION
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Repealed BY Revision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.

Washington.-Outstanding 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 a
reduction of the surtax all along the
line, with the maximum rate reduced
from 65 per cent. to 80 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 (stamp
taxes).
Pianos and other musical ingtru-
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).
Insurance premiums.
Articles made Of fur.
Moving.picture films.
Icecream.
Chewing gum.
Sporting goods, including billiard
balls and tables, pool tables and dice.
Admissions where the cost does not
exceed 10 cents.
Pleasure boats and canoes costing
less than $100.
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 $500 for each
dependent.
Candy from per cent. to 3 per cent.
Works Of art from 10 per cent. to
per cent.
Capital stock issues having a par
value of less than s10o share (stamp
taxes).
Cereal beverages from IL per cent.
of the sale price to cents a gallon.
Unfermented fruit juices from 10 per
cent. of the sale price to 2 cents a gal.
Ion.
Carbonated beverages from 10 per
cent. of the sale price to 2 cents gal.
lon, 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 a capital stock in excess Of
$4,000.
Estates taxes where the total sum
exceeds $10,000,000.
Medicinal beer, wine Except cham
pagne and whisky.
Alcohol, when diverted unlawfully
for beverage purposes, from $2.20 8
gallon to $6.40 a gallon:
Taxes proposed to be changed ir
form include:
Stamp levies on perfumes, essences
toilet waters, extracts, hair oils, etc., t.
manufacturers levies at per cent
Retail taxes on fountain drinks tt
manufacturers levies of 7h cents {
gallon on finished fountain syrups fol
such drinks.
Shifted To Manufacturer.
Retail luxury taxes on carpets, rugs
trunks, valises, travelling bags, suit
cases, hat boxes, fitted toilet cases
purses, pocketboks, shopping ant
handbags, portable lighting fixtures, in
cluding lamps of all kinds and laml
shades, and fans costing in excess o
certain amounts, to manufacturers
taxes of per cent.
New taxes proposed to be impose,
include:
Levies on gifts Of property by an!
person at rates ranging from 1 pc
cent. on the amount between $4,000
and $4,000 to rs per cent. on $4,000
900 or more.
Manufacturers tax Of 3 per cent. OF
carbonic acid gas to make up part o
the revenue lost in repeating tn
soda water taxes,