Every evening, Wilmington daily commercial., 1922-02-10
TAXATION FOR BONUS
GETS COMMIT OK.
Gasoline, Automobiles, Parcels
Post. Real Estate, Stock, The
atres Bear Much Of Burden.

Washington, lVb. lO.--Taxcs which
the money for soldier bonus were
tentatively approved yesterday by the
special tax section Of tho House. Ways
and Means Committee engaged on this
task. In all. taxes amounting to about
s3sa. .0o0. 900 were i,>aiorsed for the time
being and today the section will try
TO find "A way TO raise an additional
s21 100000 SO as to mako UP round
Nsun of s35o.oo0,o00.
Tho taxes which received tempor-
ary approval yesterday included:
ohc cent a gallon on gasoline. cx-'
pcctcd TO raise $70.000000.
Approximately 1-i0 of l per cent on
stock and bond transactions, s64,o00.-
600
Doubling the present tax on theatre
admissions above those costing 25
cents. S75,ooo,ooo.
fifty cents per 1000 additional tax
on cigarettes. S25,ooo000.
Two dollars pn each $1,000 value IN
real estate transactions, $50 900, ,0oo.
Two cents q pound on smoking and
N'h'N'fN t'Hut'ts F',N'p,NN'-
I Twenty-Five cents per horse power
on automobiles. s5o.ooo.ooo.
Increasing parcel post rate, $50 o,ooo,-
Vo0
4 Total, go 100000.
The committee section has been work
ing ON the assumption that about
S35o.o00,0oo would be needed IN the
first year of the bonus TO meet the
cash demands of veterans of the army,
navy and Marine Corps. 1t has been
estimated that so per cent of the army
men would ask for cash, amounting
in all TO s62s.ooo,0 900; that 75 per cent
lot eN-seamen would want cash
Amounting 10 ssa0s. .ooo, 900. and tn,
same proportion of the Marine Corps
men asking for cash settlements would
require $4,000, 900. These three sums
mako total OF ssT3, 3,ooo. 900, of which
$Sieeo0,o00 would bc paid In the first
year.
/ There was II report yesterday that
. the further taxes necessary would be
placed upon inheritances and gifts
but committee members said they
were not inclined to favor these levies
Representative Perlman OF New York
who is not a committee member, ha,
introduced a bin to double the present
| Inheritance taxes and placing tn,
same tax on gifts. lie estimated thai
his bin would raise $500. 900, 900 for tn,
, bonus.
The proposal 80 increase the preses
I first-class postage rate from two t,
three cents was abandoned. Infiuen
tial members ot the committee sait
: that every effort would be made [,
! prevent the bonus taxes from includ
!. ing any lesy that would be a bar /,
c the return Of normal BUSINESS con
ditions.
I How the taxes on gasoline and auto
mobiles VIII appear to the House !
they are retailed in tho bill is a que.
= ton. There Is considerable opposition
among members 20 n horse power tax
This would amount to Fedora
license. and already in some State.
additional co-licenses are necessary
; Most residents of the District of Co
lumbia also have Maryland license
because there is no reciprocity betwcc,
the District and Maryland. Al frs
some members OF the committee wish
ed 10 make the gasoline tax thre
cents : gallon, but it was learned tha
. already about eleven States have take
/. OF their own on gasoline.
The present plan. OF the Ways am
. Means Committee is to have the ta
: provisions practically ready by Satur
day and to vote upon them then, s
}. that early next week there can be
!. conference with the Senate rinanc
;. Committee 10 consider differences {
5 policy. The committee wants to TAX
: the bill to the floor Of the House be
I tween February l6 and 20.