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Show INCREASE OF INCOME TAX. Bourbons Have Plan Which Would Add Millions to Treasury. Washington. Reduction of the income in-come tax exemption from $3,000 to $2,000 for single persons and from $4,000 to $3,000 for those with families famil-ies was ordered recommended to the senate by Democratic members of the finance committee, who are revising revis-ing the house revenue bill. The change is proposed In an amendment which would put the additional addi-tional $1,000 taxes in a separate classification and impose on it a normal nor-mal tax of 1 per cent instead of the 2 per cent assessed against incomes over $3,000 for single persons and over $4,000 for married persons. |