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Show SOME FEATURES OF AN INCOME TAX ' ; ,i , , Just what congrers .vvill do .with respect to the income tax is something everyone is now trying to ascertain. It has been suggested that a flat tax of 1 per cent, or possibly 2 fter cent, be levied on all incomes in excess of a certain amount, tt has been suggested that the income tax be graduated from 1 per cent to 5 or 10 or even 50 per cent. It lias been suggested that the incomes, in-comes, under $8,500 a year be exempt. Others, would make the limit $4,000 or $5000. Some of the members of the Ways and Means Committee want the flat tax and others want a graduated tax. Many have favored taxing incomes over $4,000 on the basis of 1 per cent on all in, excess of this sum. A congressman or other citizen, therefore, with a salary of $7,500 wouldpayl per cent on $3,500, or $85 ay ear i at 2 per cent he would pay $70 a year. The Ways and,Mcana Committee Commit-tee has been figuring on thn problem with the aid of experts who have been computing the amountof jneome the national treasury will receive from the tariff, as proposed, in the. new schedules. When the probable amount of income has been determined, de-termined, the committee will decide xm What form the income tax feature will be mod!edVIt is understood that the income tax will be made to bring in whatever sum the tariff, thecori poration tax, and. the internal1 revenue tax fail to provide. |