Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-01-01


On account o! depend ntS-
IL you ara married and your net
income II 1874 IVES $500 or less,
NoTGever, YOU VIII get n still further
leduction in taxes. IA tho normal
Iep.ptson for married men In this
am hGk been Increased from $2.JUv
- fe.5oo- Single men are given no
:,ddiiicnal exemption and can deduct
on'1 $1,000 from their net income
Whether you are single OF mar.
Tied. II you made 4 gain from the
sale OF capital axscts. such rs build
!nS-or stocks or bonds. you can pay
theSta< on thls. i;ain At the corpora
ton income rateF OF 1912 per cent.
instead of e. tao surtax rate, II you
so elect.
II your Income Is such as TO put
YOU In tbs surta1 paying class you
VIII pay in 1872: NJ the old war rates.
bat In 1927 you VIII ply n, the new
rntes. which become effective tomor-
row. land which provide for some re-
durI!on AL along the line with The
maximum Of 50 per cent on {.0o.Duv
ihsGsiAn OF o. per cent OF Si.Ooy.vOo or
niord
Nf'' S'aSscs OF buSiHccs, big and
'Sti% some relief under Che nos
h'li. - ,ihcr ci.ases VIA nave the.
iaS.s '"e'~ SO. GO.pOrLt.Ons when
hid Aot fan wi;h.n .he .xcess profit
ing making class -aE;Ys. laa W.. WI.
nave. Their L.Ae8 advanced through
ths hicre"sa " 81. per c-nt in The
coTl9ration income tax. Corporations
laHng within this CLASS pnc.ude the
Taiircads ana pubic utiiIlios, the m
coHe. .! which are regulated by Fed
efai,so! STATE COMMISSIONS ihruu,.h
'hc .,sontIo. oyer rates.
61ce~. Profits Tax Rcpc,lcs.
THe e1ces, proEts iua Is reseaIed.
receive tomorrow, 'put tho result
WIZ -hni DC reAecIed'-in Fedora; reye-
hueI jail me Calendar yeassis2a. "as
He-1t e. y-,I
basi.. Of the profits nuds in 1871
Lacy Use corporations WI. nos began
s''S ~ The Increased normal IN
con.e.taA rate untA 1923.
Aiapy Of the spsc:ai or excise taxes
sinposen upon Observation-Disclosures in MANY
!ine4,of business Dlso 20 by me
boarIts tomorrow. ,Iac trainers 81
the new lux law beiieye Inis VIZ,
Hshten tnc Lu-dea OF the public gen
crazy az they Io!d t.!at lhesc taxes
Mlth,.Dui lew exceptions, have been
Dasset on. manufacturers WAC have
bisiE .AAeS repealed are those turn
ing ~.
q fn,. musical Instruments. sporting
Eooda including billiard and pool
tables and bali. pleasure boa.s and
cahoSs c~st!E. less ;aan 500 each
clectOc ians and thcrmos bottles and
3ugslr
Othtr taxes which como of include
tDoSs- on insurance premium. and on
Dohd1t OF indemnity ana surety, Will.
4 EharE reductions are made in the
iA1es on cereal and caTbonatcd bey-
I crages gold in closed containers: on
candy, and ON works Of art.
New Taxes Put On.
some new taxes are put on manu-.
sjacturers, The rate being per cent
OF tne amount by which The sat,
price exceeds given SUMS in the cases
ore carpets and rugs, trunks. valises
HttedstoiIet cases. packethooks, port
aoIe ipnbs and fans Otner new taxes
Z are lnposcd on manuf5 o-urcrs Of I'm.
ished. fountain sirups and cxrbonic
ncid gas.
Ta4s imposed under existing law
which vii! DC retained are; ,hos,
on tsiegraph, teieUhone. cable and
fadio. messages; tohacco. c.gurs
cisaret;es ana snuff. admissions and
'Noos 'ott'SS. 'iutDIlDDilt trucks AND
waGops. other automobiles and mo.
torcSoies. and pGrts and accessories
iherefor, cameras, Photograph /,
Hing and piaics tother than moving.
J PlctuSe hIms): firearms, shells, and
y cartrEges. hunting and bowl.
jtniS3s. dirk Knives and daggcrs
swor1 canes, stilcttocs, and bras,
aud --metailic ,nucklcs, smoking
ARTICLES and automatic slot-dcvlc.
/ ytndl9a machines ana weighing ma.
I rhinea. jewelry and articles made o:
IglrecSMs metals, except eyeglasses
sud. ,Spectacies.
Spsrial tnxes rotalGel are th:sa OF
iroh!ns, pawnbrokeYs, ship brokers
ytaist9nhcuan brokers. Iroprietors
Stf fhsftets, museum. oonccr; halls
esrciras, bowling alleys and billiard
ktoon8S Shgo;lnS galleries. ridin,
Rs;sdssEes;e Iaau.acture.s az to-