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Show HOUSE PASSES i TAXATION BILL 1 Excess rofits to Yield $3,200,- Mm 000,000,000 in Revenue Mm to United States. WASHINGTON, SopL 18. With less ipjj! j than an hour's discussion and with- IflBiif out amendment, tho house today fil l adopted the general plan and rates in Ifli 2 tho war revenue bill for taxation oC 18' war and excess tax profits, estimated Bj to yield $3,200,000 in revenue. Hjr jj Tho war profits plan provides broad- Of 0 ly for a levy of SO per cent on corpor- JB j ato profits exceeding 10 per cent on Jp- Jflj 1 vested capital plus a flat exemption.- of W ft $3000 over profits of a pre-war perlqd. IB The excess profits rates range from JB( 35 to 70 per cent on capital over ex- iljj I emptlons of 15 to 20 per cent. Hi With little discussion the estate or ! I inheritance tax rates graduated and H h ranging from 3 per cent on $50,000 .as- tates to 40 per cent on thoso exceeding B $10,000,000 were adopted. From this source the bill is designed to raise j M S $80,000,000 next year and $110,000,000 SjM by 1920. 1 ajlj In as quick timo the house adopted the taxes on transportation arid ex- i Wi press rates. Thoso included the taxc3 a II I on freight, one cent for each 20 cents if a III on express, 8 per cent on passenger LilSI tickets, the reduction from 10 to S per mjU cent on Pullman accommmodations, II 31 tue increase from 5 to 6 per cent ml If on oil pipe lino transportation nnd the It 3 1 slightly increased taxes on telegraph Mt and similar messages. The new tax of 10 per cent on pri- :fifl 3 vate leased wires, except for proba Jsfij 11 service, also was approved without If 11 Ml |