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Show TAKE OP PROBLEM OF TAXING LUXURIES; Ways and Means Committee Commit-tee to Consider Matter Today. By JAMES R. NOUESE, Staff Coi'reEpondent Universal Service. WASHINGTON, July 2S. Having disposed dis-posed of the income tax and the tax on excess profits, the ways and means committee com-mittee tomorrow will turn its attention to the problem of what luxuries shall be taxed a nd how much articles under this J classification shall bo called upon to contribute con-tribute to the nation's revenues. The corn mil lee liiis mafle such satisfactory satis-factory progress in agreeing upon the es-seiftial es-seiftial features of the new .uu'V-iuO bill that Chair mH n Kit chin is hopeful thy measure will he ready to re j tort to the. house when its sessions are rtsumcu, August Au-gust 19. The vote on the b:ii, ijowcvci', may not come until September , as the a.ui ee merit under which the rercss was taken stipulated that the water power bill should have the riht of way and be disposed dis-posed cf before the revenue bid is taken UD. The tax ritcs already agreed to by the committer are as follows: 1. Individual income tax, normal rate fixed at 10 per cent, hut the scale of super taxes not yet v.irkcd out. 2. Corporation hiconi: t tx jale fixed at IS per cent on the net interne, with proviso i that income divided among shareholders shall he taxed only Y. pr cent. ;i. Inheritance faxes raise I -Vi per cf-nt. 4. Kxcess profits fixed at "n per cent on j the net income, less exempt ions up to 'm per cent. Z4) per cent on the income be- t twpf-n 10 and 2T. per cent nni SO per cent on the income over per cent. The rates- I provide a flat exemption uJ" "h and l(i per cen'. The (stimated yield fjnm these poiirff"-' totals -J,3'lu,!i'U.'iiMi, leaving pi aclically ?:j.ri!'0tn(V00 to lie raiser! ! y ot her i ;i xes. The treasury department h;;p es t ma i.'-i the tax tr. he raised on li'iifT-'. t;;,t - n jewelry, admissions, clun memberships and items of thai sort will ro.:;j'-e about !U3i00.!Ki0 l"e.'" the current f -.:; ypr. if the.? taxe siionlri he ar'.itn'riiv -o::h"r). as sn-r!:es!f1 by some members of the corn-mi corn-mi f t"e, the vie 1.1 w j ? i . v "J ;, f.i U:,if n . .;ovi'VrI 'be proii'ulion f.--.-.w!: be t":- F n i e (1 ur ir.5' t Ik- coj-nhij.' '':! r. ATowinL- 'or a Oi--ht dep:e irl:on, ih- '-umir l frels s ' fe in i'm:ntir.L' 'ifi-m i -.y ' c ;,..)- ,!.'., from f'lt-se s-Hj-.'.-y. t.f v-;-;, i, j -.-.a.. S f;..ct.- ) :r. b. ir,m e '. ! fro:n UiNe-T on l:-i;ors f :i.rIF The residr ' ' a'l ''.f-p tV.. s t' a; fie -cn ni: : f- f'.-V i: r :V be a ! hi'.-iv I.- ' i-v 'i.V:e -j. s-nne r.f , nrfi r on :!h "i-jy-.r-. iis1" s jbir.i !'! ' bv The i'.-a-';ry ii tm' ; v,!,.: f ! : :nd rfv-n1;'- ' n 1 ; . t ' -,'-..; j rri i-rTr r of T emm ; : . r, ,-,: ! :n ;rd.i J ? r ' ' " "r '' ! ! -':yii..ir e- rr-T.;'-- t !,.- the mm " :::n" '- '.'v.'.-v. :---bis n.f rrbej "c.'it v-m 'r ''e -''f-':V,"- ' |