Evening star., 1941-04-23

upward to 81 per cent on $50 900 to
100000; 81 on $4,000 to $4,000; 81
on s100 900 to $150.000; Y on $500 900
to 81 900. 900 and rs on income above
S5,00o,000. The topmost brackets are
the same as at present.
A corporation income SurtaX of
per cent also would be added to
the present normal corporation rate
of "a per cent and exemptions from
the excess profits tax would I be
lowered. The Treasury estimated
that these two changes would add
1898 500 900 to revenue.
Informed sources said that use Of
surtaXes in increasing both the in
dividual and corporation levies was
intended to make partially exempt
Federal securities bear heavier
share of the tax burden. They are
subject to surtaXes, but not to
normal taxes. Banks and insurance
companies hold many of these
securities.
Estimates of New Revenue.
BY reducing the exemption for
estate taxes from $4,000 to s25 900
and increasing rates in the lower
and middle brackets. the Treasury
estimated that s353,000 900 in new
revenue would be obtained.
Boosted tobacco taxes would yield
an estimated s20O,80O,000 and in
creased liquor taxes s192 100000. All
other excise taxes, including many
new ones. were estimated to produce
S842 100000. Among the new taxes
were per cent on the cost of trans
portation tickets and per cent on
candy and chewing gum. Soft drinks
IN bottles or glasses would be taxed
l cent.
The proposed list of luxury"
taxes would provide for the levy
on cigarettes being raised from
s3.25 to 81 per 1000 and the rates
on cigars, tobacco and snuff being
doubled. Increases from SO to 81
per gallon were proposed for dis
titled spirits and from s6 to 81
barrel for fermented malt LIQUORS.
The rates on wines. cordials and
liqueurs would be increased 1921
per cent
Other Suggested Taxes.
The other excise taxes proposed,
designed to yield a total of SS42.-
100000. follow, together with their
estimated yields:
Gasoline, 2la cents a gallon in
stead of 112 cents, s255 900, 900:
soft drinks, l cent a bottle and
equivalents, S132, 100000: automobile
parts and accessories, double rates,
S78, $780, 900; 2 cents tax on all checks,
5000, 900; tax on admission tick
cts costing more than 9 cents. $55,-
100000 (the present admission tax
applies only to tickets costing more
than 20 cents; tax of 10 per cent
of retail sale price on all jewelry.
So, 100000; tires and tubes, tax of 5
and cents per pound, instead of
2l2 and Az cents. $50 SEQ 900; lower
exemptions and INCREASED rates on
telephone, telegraph, cable mes
sages, $40, 100000.
Telephone bills, 5 per cent tax,
S28 600 900: passenger transporta-
ton. 5 per cent of fare, S37 500 900;
candy and chewing gum, per cent.
So. 900 900: furs. 10 per cent of retail
sale price, $4,000 900: photograp phic
apparatus. 10 per cent, SIS 100000;
toilet goods. revised tax basis, SIS, ,00O,-
900: clocks, watches, etc. 10 per cent,
$4,000 000 club dues, initiation fees,
lower exemptions and REDEEMED base,
s2,800000 mechanical refrigerators,
increase from 5l2 to 10 per cent,
So. 800 900; matches. 2 cents per l 900,
ST, 100000; cabaretS, changed base
and new occupational tax. 81 900 900;
sporting goods. 10 per cent, $780,
900: radio sets and parts. increase
from 5l2 to. 10 per cent, $6,000,000;
Musical instruments, 10 per cent,
So, 600 900: bowling alleys, SIS per
alley. billiard or pool table. s3,400,-
900: trunks, SuitcaSes and other lug
gage, 10 per cent. $500 900; playing
cards, increase from II to Is cents,
s1,7O0000; safe deposit boxes, in
crease from II to 20 per cent, 81, 700.-
900: monographs and phonograph
records. 10 per cent, Sd. 100000.