Show WAR 9 BILL PAY HIS SHARE to be raised in n year by measure reported to house BOOST DUTIES NO FREE LIST 1 limit on incomes income reduced to 1000 for single men an and d 2000 for married men mea taxes for heirs ara am increased tariff raised 10 per cent and artt arti cles on free list are ara taxed 10 per cent washington A war revenue bill 1111 designed to raise by taxation during the coming year wits MOS ap proved finally in tho the house ways and means committee tuesday by unanimous voto veto and reported to the house wednesday in the meantime the senate finance committee Is 18 holding public hearings on tile the bill with a view to being ready to report soon after tile tho house acts to bring the amount to be raised up to the desired total tho the house committee wrote into the bill a tint flat increase of 10 per cent in nil all existing tariff duties andr 10 per cent duties on nil all urt articles leles now admitted free nil all estimated to bring in 2 tills this more than doubling the present tariff revenues in addition it was decided to make till all income tax increases retroactive beginning with s the present calendar vaar year other taxes provided for would become effective upon tile tho of tho the bill tito tho income tax increases Inc applying to both personal tind and corporation incomes are designed to produce more than the present income tax receipts income and profits most alost of tho the new revenue will come from the income excess profits end and inheritance taxes find and additional far iff duties but the levies of the bill would reach into ninny many other sources letter nan mall rates would be increased from two to three cents an ounce and postal cardi card 8 from one to two cents while would be ba added to charges against newspapers under a new system based upon the present parcel post zones internal revenue taxes exea upon liquor and tobacco would be materially increased and there would be taxes on oil amusements and stamp taxes of wide scope increase in Super taxes tito tho war income tax section would double the ho present normal tax of 2 per dint cent on oil individuals ond and 3 per cent on corporations it would lower the lie exemption of individual incomes Ili comes from to 2000 in the case of married persons parsons and from to 1000 for the unmarried in ili addition beginning with inc incomes omes ot of graduated super taxes would be imposed in addition to the normal 1 4 per cent ranging up to 83 per cent on all incomes over a year the surtax follows income tax from to 1 iper per cent from to 2 per cent from to 3 per cent from to aper 4 per cent from to 5 pe pep recent cent from to 6 per cent from to 8 per cent from to 11 per cent from to 14 per cent |