Show I ITHE THE SALT LAKE UNEARNED INCOMES MUST DELIVER TO TOUNCLE UNCLE SAM S Senator Borah Borah Aiding Secretary Sec Sec- Secretary r tary McAdoo to Raise Huge T Tax x for War By Gilson Gardner Newspaper Enterprise Staff Correspondent Corre Core W WASHINGTON ASHINGToN D. D Ct Ug 2 Z Senator Borah says he Intends to help Secretary McAdoo o and President Wil Wi Wilson Wison son get their eight billion dollars revenUe revenue reve reve- nue bill from the excess excess profits proms and the unearned earned Inco incomes Es T This s was his purpose In asking reports on this subJect subject subject sub sub- from from the federal trade commission commission commis commis- sion and treasury d department p pt I I have had so far only preliminary reports from both sources sources said th the senator They are re however very helpful particularly the report made by the federal trade commission under the direction of W. W BI B There I Is no reason for bearing heavily on consumption wh when i revenue ver es can can be i raised without interfering with wi h production production pro pro- or taxing un unnecessarily bc c the I I consuming public I I Why filch from the table of the man of moderate te means or from froma I I a poor when the war af profiteers have so much more than they can use use useI I 1 am in full accord with the recommendations recommendations I of n the e president and Secretary Secretary Sec See I McAdoo in this this' matter of raising rais raising rals- rals ing revenue and my resolution was in introduced introduced introduced in- in In pursuit of t tie the ie statement I made by the president in Th his address adres' 1 to congress on May Iy 27 when he said that information in regard to profiteering profiteering profiteering profit profit- was Indisputable and available The departments ar are arO now nov making it il available and the next next st step p will be te the drafting of a bill which will reach that Income GROSS INCOME LARGE LARGE- A report Just made by by bythe the commisSioner commissioner commissioner commis commis- of internal revenue covering 1917 shows that durl during g 1916 91 the the gross gross Income of corporations reporting a net I return was over two thirty-two and ang a half billion dollars and their net Income was approximately eight billion eight hundred million doll dollars dollars' In addition to these returns from the corporations Qi yie e incomes of the persons making income t tax x returns was approximately approximately approximately ap ap- ap- ap proximately eight billion three hundred hundred hundred hun hun- I I dred fifty million dollars So a total income of the corporations and individuals individuals makes a total of over seventeen billions To the above I In ln estimating the country's taxable income mu must t be added the Income from personal service ser ervice er- er vice and business not Included In the income paying schedule schedule- which in 1916 came to some while from property there was an Income of 3 It Is la interesting to find that persons enjoying an income of or less derived that income in I largest part from their personal service service service ser ser- vice including their business whereas I 60 per cent of those persons receiving a year and over was de derived I from property that is from investments Investments investments invest ments It Itis is s upon the latter that S See Sec Secretary c- c I McAdoo insists the rate of taxation taxation taxation tax tax- should be increased These are the unearned or or lazy Incomes UNEARNED INCOMES r It Is estimated from the figures of the Internal revenue commissioner that tenth one-tenth of 1 per c cent nt of the American people received last year ear two and one-half one billion dollars of unearned unearned unearned un un- earned incomes From From the same sources it Is found that less than one- one quarter of 1 per cent of the farmers of bf the country enjoyed a. a taxable in income income income in- in come of over It is estimated by experts in the treasury department that the total na national national national na- na income for 1917 was approximately approximately approximately and it is figured that for 1918 it will be in the neighborhood neighborhood neighborhood neigh neigh- of If the new revenue law takes a tenth of this the returns will o g-o far toward meeting the the- war e expenses Including the heavy I item of Interest on Liberty bonds Secretary McAdoo Is understood to tobe tobe be more anxious dous for legislation which I will reach war profits than for for- l legislation legislation legis legis- lation which would place a tax on clothing gasoline and the pleasures of the country including moving pictures pic plc- I tures soft drinks and the like |