Salt Lake Herald-Republican | 1918-09-01 | Page 15 | Surtaxes on Large Incomes Reported

SURTAXES ON LARGE tARGE I INCOMES REPORTED I Washington n ton Au Aug 31 The t.-The The new revenue rove reve I nue bill hili will bu Ii reported to the House I Monday according to plans announced I tonight by Chairman Kitchin of oC tho ways and means committee The measure meas incas urn ure will h be lie taken up for or consideration I Thursday or ur Frida Friday ami final disposal Is expected within ten days das Senator Simons chairman of the time S Senate Sen Seii- nI n- n I ate finance committee announced hearIngs hearings hear- hear Ings lings will not nol be started until Thura- Thura llarI day Surtax rates on large Incomes became I known today They rho ar nr are On Incomes from Crom rota to 52 per cent I to 51 i per POI cent 1000 1000 to lo 58 8 per cent I i to GO 60 p per r cent and amI all incomes above 63 per cent These I rates are ar In Iii addition to the normal Income Iii ln- come tax ra rate te of ot 12 per cen cent t. t I S 4