The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1923-01-25
NEW TAX LAW
UP TO SOLONS
-
Administration Proposes
Revolution in Methods
of Taxation.
SECRECY CLAUSE in
Law Will Provide Graduated
Income Tax with Increase Of
Proportion to State.

| (By Associated Press Leased Wire0
| Il Madison, Wis. The administration
general tax bill, estimated to raise
$16,oo0,000 from incomes, and to es-
| tablish an approximate ratio of one
dollar Of income tax to five dollars of
general property taxes in Wisconsin is
| prepared for introduction into the leg
| islature, The Associated Press learned
today.
This measure, the most important
single proposal to be brought befoKe
the present session of the Legislature,
repeats the three-eighths mill tax for
! the university, the seventeenth mill
tax for the common schools, the one
sixth mill tax for normal schools, and
the sur-tax to raise funds for the
| teachers insurance and retirement
fund. 1t removes the personal prop
erty tax Offset to the income tax,
come tax at their present level of $500
for single person and 81 200 for a
married person and establishes an en-
tirely new set OF rates. A state rate
of six per cent is set by the bill on
the net income of all corporations in
the state.
ReappertioHment Returns.
Reapportionment of returns from
the state income tax is provided in
the administration bill. 1t calls for
distribution of the revenue ON the
basis of so per cent to the state, 10
per cent to counties, and 40 per cent
to municipalities, in place of the pres
ent apportionments of 10 per cent to
the state 20 per cent to the counties
and 70 per cent OF municipalities.
Following is the rate schedule on
taxable income set by the administra-
tion proposal.
On the first $1,000 of taxable income
one per cent.
On the second $1,000 two per cent.
On the third $1,000 three per cent.
On the fourth $1,000 four per cent.
On the fifth $1,000 FIVE per cent.
On the sixth $1,000 six per cent.
SOn the seventh $1,000 seven per cent.
On the eighth $1,000 eight per cent.
On the ninth $1,000 nine per cent.
On the tenth $1,000 ten per cent.
On the eleventh $1,000 eleven per
cent.
From s11, 900 to $4,000 of taxable
income eleven per cent. g
From $4,000 to $4,000 of taxable
income twelve per cent.
From $4,000 to $4,000 thirteen per
cent.
From $4,000 to $4,000 fourteen per
cent.
On all income over $4,000 fifteen
per cent.
y, The effect Of the proposed new tax
law, rumored to have been drafted by
Judge Charles D. Rosa, member Of
the Wisconsin tax commission, is to
increase taxes sharply on larger in
comes of individuals. .
1t creates a. new fund in the state
treasury to be known as the ''state in
come tax fund"
Wipes Out State Tax.
Any balance in this income tax
fund above appropriations and above
| 100000 will be held to guard
against unexpected shrinkages in iDz
COu1SS anu Will w pcSl0 ANNUALLY INV
the common school fund.
1t will wipe out entirely any state
tax, and will readiust the tax burden
on property and incomes to approxi-
mately the relation that existed when
the income tax law was enacted in
1911. The secrecy clause is repealed
by the proposed statute,
Through its operation the revenue
to cities from income taxes will be
increased slightly, although their pro-
portion of the whole is less.
By repeal of the present special mill
taxes for school purposes, property
taxes will be cut approximately 49,
100000. This amount will be made up
by repeal of the personal property off,
set expected to add $4,o0O,000 to the
income tax annually, and by the in
creased income from the higher rates.
The bill as drafted will be brought
into the legislature this week by a
committee of the legislature and will
be sponsored by the administration
rather than by any individual.