| Show WAR AR TARifF BILL I MAKES EVERYBODY PAY HIS SHARE To Be Raised in Year by Measure Reported to House BOOST DUTIES NO FREE LIST Limit on Incomes Reduced to 1000 for Single Men and 2000 for Married Mar fled ried Men Taxes Men Taxes for Heirs Ar Are Aro Increased Tariff Raised 10 Per Cent and Articles Arti Arti- cles Iles on Free List Are Taxed 10 Per Cent Washington A A war revenue bill designed designed designed de de- de- de signed to raise by taxation taxation tax tax- atlon during the coming year was approved approved ap ap- ap proved finally In the house ways and means committee Tuesday by unanimous unanimous vote and reported to the house Wednesday I In the meantime the senate finance committee Is holding public hearings on the bill with a view to being ready to report soon after the house acts nets To bring the amount to be raised up tip to the desired total the house committee committee committee com com- wrote Into the bill a fiat flat Increase Increase increase In In- crease of ot 10 per cent In all aU existing tariff duties and 10 per cent duties on all aU articles now admitted free tree all estimated to bring In this tills more mor than doubling the present tariff revenues In addition it was decided to make malee all aU tax Income Increases retroactive beginning with the present calendar year Outer Other taxes provided for would become effective upon the they I signing of the bill The tax Income-tax increases applying to both personal and und corporation In Incomes Incomes incomes In- In comes are designed to produce more than the present Income Income- tax tux re receipts I Income and Profits Most of ot the tIle new revenue will come from rom the Income excess profits and Inheritance taxes and additional tariff tar tor- If lit iff duties but the levies of the bill would reach Into many other sources Letter mall mail rates would be Increased from two to three cents an nn ounce and amI postal cards curds from one to two cents while would be added to charges against newspapers under a now system based upon the present post parcel-post zones Internal revenue Internal revenue taxes tuxes upon liquor and tobacco would be materially Increased increased In in- in- in creased and there would be taxes on amusements and stamp taxes of wide scope I Increase ncr ase In The war Income tax section would double double the present normal tax of ot 2 per cent on Individuals and 3 per cent centon centon on corporations It would lower the exemption of ot individual Incomes from to 2000 in the case of married persons and from to 1000 for tor forthe forthe the unmarried In rn addition beginning with Incomes of graduated would be Imposed in addition to the normal 1 i per cent ranging up to 33 per cent centon on all aU Incomes over a year The surtax schedule follows Income Tax From to I 1 per cent From to 2 per cent From to per cent From to 4 per cent From to per cent From to per cent From to 8 per cent From to 11 11 per cent From to 14 14 per cent |
