The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1922-01-07

20 ghfngton, Dec. Sis-tby Inc Ab-
,,sted Press.)-Changes IN Federal
80 voted by Congress last month
vtm come into full force tomorrow.
Hsre.s how they will afect you:
when you ride on q railroad train
or an inland or coastwise steamer you
no longer will have to pay the Gov
ernment 8 per cent OF the amount of
vour fare and 8 per cent Of the cost
OF your seat, berth or stateroom.
when you ship freight you will not
be assessed an extra 8 per cen Of the
cost. Likewise you can send pack
ages by express or parcels post with
out having to give mp a war tax"
When you visit the corner drug
store for a bottle Of proprietary med
icine, a tube OF tooth paste. a toilet
preparation or the like you will es-
cape the vexatious stamp taxes.
When you 60 to a soda fountain
you no longer will find Uncle Sam
holding out his hand for a penny on
each 10 cents or fraction that youpay
the clerk for a drink OF a plate of ice
cream 3a
II you want to sport a pair of shoes
costing more than $40 or a shirt cost
ing more than SO you will not have to
pay out q tax. These and all of the
other so-called luxury taxes on cloth
ing, as well as those on umbrellas.
p~arasols, sun shades, picture frames,
trunks. valises. pocketbooks. etc., 60
into the discard tomorrow.
II you live in a place that still can
boast of q 10-cent movie show or 9TH
or place Of amusement you will not
be assessed a penny tar II the charge
exceeds 10 cents, however. you will
continue to pay a var levy at the
present rates Of a cent for each 10
cents or fraction.
All heads of families with depend
ents will get a slight reduction In
their income tax during the new year,
the extent being 80 for each depend
emit as q result of the increase from
$500 to $500 in the exemption on ac-
count Of dependents. AgY
II you are married and your net
income In 1891 was 5000 or less.
however. you will get q still further
reduction in taxes as the normal ex-
emption for married men In this class
has been increased from $4,000 to
$4,000. Single men are given no ad-
ditional exemption and can deduct
only $1,000 from their net income.
IL you made n gain from the sale Of
capital assets. such as q building or
stocks or bonds. you a pay the tax
on this gain at the corporation In
come rate Of 12h per cent, instead
! of at the surtax rata IL you so elect.
II your income 10 such as to put
you In the surtax paying class you
will pay at the new rates. which be-
come effective tomorrow. and which
provide for some reduction all along
the line with the maximum at SO per
g on 100000, instead OF SIS per
cent on 100000 or more.
Some classes Of business. big and
little, get some relief under the new
tax bill, but other classes will have
their taxes increased. Corporations
which did not fall within the excess
proit-making class during the war
will have their taxes advanced
through the increase of 2h per lent
In the corporation income tax. Cor
porations falling within this class in
clude the railroads and public utili-
ties, the income of which. are regu-
lated by Federal or State" commissions
through the control over rates.
The excess profits tax IL repealed,
effective tomorrow. but the result
will not be reflected in Federal rev.
enues until the calendar year 1928
as next year this tax will be paid on
the basis of the profits made in 1921.
Likewise corporations win not begin
paying at the increased normal in
come tar rate until 1898.
Many Of the special or excise taxes
imposed upon manufacturers in many
lines Of business also 90 by the board
Tomorrow. The framers of the new
tax law believe this will tighten the
burden Of the public generally as they
bold hat these taxes. with but few
<<csptions, have been passed on. Man
eacturers who have their taxes. re-
|ealed are those turning out chewing
INN. articles made of fur. musical
nstruments. sporting goods, includ-
ing billiard and pool tables and balls.
pleasure boats and canoes costing