The Dawson news. (Dawson, Ga.) 1889-current, 1924-06-10
1851 100000 SLASH
rpnm FEDERAL TAXES
,,,ps REPEALED ON CANDY,
LEv s,,rR ages, MESSAGES AND
BhT c1rTs INCOME RATES.

S1 faxes to the lowest ieNel 'iiiOe
ledei Tart OF the war.
the s 5.,.;dra income taxpayers are
Inail .ba greater relief, although most
given ''e naming special war excise
OF the .lar are wiped off the statutes
taxes , ei,., At the same time the law
OF re o. two new taxes-on gifeS' ana
create; ongg sets-and increases the
nah lo"S States and playing cards
rate ." the administration provis-
LlKew.sN' reyised to plug gaps IN the
ions a.o ior TAX evasions, and consld-
old Ia" 5J;+;onal revenue is expected
as a IesD'' reduction, which it is estl-
mateu -arerue the next lscal year, be-
ment I'H INV LIST. is 100000, 900.
glnIliHs ordered in the excise rates
Cna t@ Eject after thirty days. OF
go mo tbe provision for Is per
couI'. .oduction on income taxes pay
cent . lSI" Tear is effective Immediately
a5 Pie '4 the cuts made in the individual
"llr ,,s taxes are effective as OF jan
ln,ol" Ist this year on taxes which are
o oa, next year.
p'''' The New Tax on Gifts.
,..;,lss selling for $50 or less and
49, 7ILos .eIling for 500 or less are ex-
"a'I .od from the 5 per cent jewelry
eIP'o" are also surgical and musical
IAN N.-, a eye glasses, spectacless,
H l,. ,~, dated fiat tableware and arti-
s ,.. ICED for religious purposes, The
t,x Of two cents on each 9loo sac
a. .aN oroduce exchanges is cut IN halt
III The fax on playing cards was increas-
- ~ from 8 to 10 cents a pack
81 The new gift tax carries the same
as fine revised estate tax. 1t al
I@n "-s an exemption Of $50000 Also
u wv. other exemptions would be
,llowed in the case of gifts to educa-
ton and religious organizations
The tax bill will be levied on the
donor and against the total amount
of tbe Gifts during the year, This tax
goe. into effect as of January lst. The
S.ts would start at per cent on gifts
mt IN excess Of $4,000 1t is estimat-
Cd hi. tax will bring in $2,OOO,OOO
revenue annually
The new tax on nah iongg sets is
n per cent: and it is estimated this
will bring in about 100000 annually.
Changes in Income Taxes.
The following changes are ordered
in the income taxes:
A twenty-five per cent reduction on
taxes payable this year.
General revision of both the normal
and surtax rates, amounting to fifty
oer cent cut on taxes levied against
incomes Of $4,000 and under
An additional reduction of twenty
five Der cent which may be made on
earned incomes. For purposes OF this
reduction all incomes Of $4,000 and
under are defined as earned. The cut
may be made only on incomes up to
$4,000
Exemption ior heads Of families
with incomes of $1,000 and over IS in
creased from $1,000 to $500, the
same as now allowed heads OF fami-
lies with incomes OF $1,000 and under.
No change IS made in the law allow
ing an exe.otiou of $1,000 for single
persons
Taxes Repealed.
The miscellaneous and excise taxes
repealed and the amount OF revenue
involved are.
Telegraph and telephone messages,
$4O0O000 beverages, $l00000OOi
candy $l30Q0000; knives, dirks, dag
gers. etc. $4,000; liveries, etc, Sl40,-
600; hunting shooting and riding gar
ments. Sl20000 yachts and motor
boats lsa'el S319000 carpets, rugs,
trunks, purses, etc, $1,800,000; drafts
and promissory notes, $2,150,000; the
aiers shows, circuses floor spaced
a6O000
Numerous other excise taxes are re-
duced. Theater tickets of fifty cents
and under are exempted; automobile
Trucks the chassis which sell for SR,-
yD or less and the bodies for 5000 or
less are exempted from the per cent
'aA while the per cent levy on auto
Nooile tires, parts and accessories IS
cut in half.
Inc new normal tax rates on indi-
.uua- incomes are 2 per cent on in
zones OF $4,000 and under, per cent
" incomes between $4,000 and $4,000,
anu per cent on incomes above that
elouai he srirtax rates range from
per cent orr incomes between $10,-
w and $4,000, to 40 per cent on
INCOMES OF over $500,000.