| Show HOW INCOME TAX WORKS OUT This table Is based on an exemption ot of 2000 for heads of families For persons u unmarried and not heads or of families the exemption Is 1000 Tax Tax Tax Under Under Under OrIginal Law Sept Proposed InC Income me Law Liw 8 1916 RevIsIon 21 20 40 10 20 1 CO 50 to 0 19 30 20 1270 aGO 60 1720 2620 60 1120 32 1320 1620 1000 1 1720 0 1210 1970 68 1300 22 2220 1510 2470 1710 1710 2720 8 0 8 1910 1910 2110 1 2310 2610 2510 12 0 tiC O O 1001 1153 2029 AMA 2754 10 1 lg 8 From to per cent From to per percent cent From to per cent From to per cent From to per cent centOn centOn centOn On all exceeding 33 per cent The Tile provisions requiring the normal tax of Individuals to be deducted and withheld at nt the source of ot would not apply to the new n normal tax prescribed in this bill m until after January 1 I 1918 uns and thereafter only to Incomes exceeding Tax on Inheritance In addition to the Ule Inheritance tax now in force the bill Imposes a tax equal to the following percentages of ot I its value upon the transfer of ot each net nel estate One half of 1 per cent to 1 per percent cent to 2 per percent cent to 2 per cent to 2 2 per percent cent to 3 per cent to 2 3 per cent to 4 per cent to 4 2 per cent to 5 per cent to 7 per cent to 10 10 per cent and over 15 per percent cent The exemption Is lowered from to and a now tax of 1 per percent percent percent cent levied on estates between and The Tile bill proposes to bring In by doubling the tile ples present mt 8 per pcr percent percent cent tax on excess profits On distilled spirits the present tax of por per gallon gullon Is doubled to th the rectifiers rectifiers' tax tux 15 13 cents a Do gallon is added adde and fermented liquors are assessed assessed as as- per barrel Instead of Tobacco Tax Doubled The Tho tobacco tax is doubled except as to cigars which are graduated from 50 cents to 10 a thousand according according according ac ac- ac- ac cording to retail value Cigarettes mu made e In or Imported Into the United States would be taxed an on additional per 1000 If It weighing leas leou than three pounds per 1000 and pet pei 1000 If more than three pounds Newspapers would Quid be required to pay 5 per cent on all advertising col col- col The second class postage section sa says s 's After June 1 next the zone system applicable to parcel post shall apply appl to second class class mull mall matter with v rates rate of postage two cents a pound 0 or fraction fraction fraction frac frac- tion when for delivery within the first or second secund zones four cents within fourth or fifth five e cents within sixth or seventh and six cents for delivery ey within the el eighth zone It Is pro provided however that postage postage post post- age on dally daily newspapers when hen depose depos- deposited In a n letter lette carrier office for delivery Jelly er ery by hy Its carriers shall be the same as asat asat asat at present copies now entitled to free circulation In the malls within the county of publication shall retain that privilege und and th the postmaster general may require publishers to separate for zones In mailing Newspapers mailed to subscribers from an office other than that of ot publication pub pub- shall pay the same rate rote as asIt asif asif if It mailed from Its office Rd Religious educational agricultural labor or fraternal publications Issued without profit shall pay 1 cents per pound Irrespective of or zones Theaters and Clubs The amusement tax is one cent for each ten cents or fraction paid for foru u admission applying to charges remitted remit remitted ted In the tho cases o o 04 persons admitted free except bona fide bona employees Places where the maximum charge for admission sion slon Is five cents o- o where the tile proceeds proceed of the place admitted to are for ious sous 0 or charitable purposes are exempt Clubs would be taxed 10 per cent of dues or membership tees fees except In Initiation fees ces the tile members Individually individually ally to pay the tax Tills This Is effective Juno 1 ant and the club receiving tin till payments or fees Is required to col cot l lest Ct the tux tax from flom the person so ad and make male the returns j 4 r |
