Salt Lake Telegram | 1921-05-10 | Page 13 | Per Capita Tax Will Stand at $34

TUESDAY Y EVENING M Mi ArnA TAX Will TANn STAD 1 t AT sA 34 Figures on Raising Raisin b Three ee and a Half Billions From People By HERBERT W. W WALKER United Press Staff Correspondent WASHINGTON HI May 10 Americas America's Americas tax bill QUI Will be be fixed by conat con- con ess at if ir plans of or lead lead- members embers of the house wa ways s and ans ans' ans committee go through or about mr every man woman and child I rth Ithe tco country I 1 composite congressional mind I I of uncertainty seems to gradually gradually reaching the conclusion I I taxes shall shaH be imposed on one e people during the next w uv ears It now appears certain that s sales les tax will be enacted at this according to several leaders x hanges anges will be along the follow follow- AXES TO BE REPEALED fOllOW j 1 profits now one of the II sources of revenue Soda water ice cream and ind some l the he more obnoxious consumption I vies I Transportation taxes some ome uncertainty uncertainly ty exists as to ether ither the theatre admission taxes l i e repealed r rh new tax bill biU in general will lo low these lines educed Reduced surtaxes on higher innes In- In nes so the maximum percentage 1 not be more than 40 per cent Possible Possible lowering of or the normal ome ome om tax rate from 4 to 3 per cent Increased Increased flat corporation income from 10 to 15 lo per cent with the position of a levy lew of or 15 per cent on distributed profits of corporations m make ke up for the loss caused b by rethe re- re f the excess profits tax It is isi i leaved d this would tend to prevent is- is mc nce of or stock dividends which have haven n held taxable un t Increased tobacco taxes from 60 50 per cent Taxes Taxes axes of 6 40 a gallon on all II- II rs withdrawn from bond corne com com- e j with the present rate rale of axes axes on estates insurance lodge 1 lr cub lub dues due child labor products and stamp taxes as applied to ici ions ion's s legal documents and business if probably will remain the same I