Ogden Standard-Examiner | 1921-01-09 | Page 4 | Retailers Seek U. S. Tax Reform

RETAILERS Hi I S. TAX REFORM Dry Goods Merchants Want Poll Tax and Tax on Gross Sales WASHINGTON. Jan. S A comprehensive compre-hensive program for revision of the federal tax laws estimated to yield annually tho $4,000,000 which Secretary Secre-tary Houston has said the treasury required, re-quired, was filed toda;. with the house vva and means committee, by the tax eommiuee of the National lCetaU Dry-Goods Dry-Goods association The plan worked out contain. i i t eral proposals not heretofore advanced, ad-vanced, Including; the a."sesmrni of a federal poll tax of S6 on oach pson over 21 vears old. who reir-iv.H H, independent income, estimated to yield J&O.OOO.OOO annually. inconM tax px-emptlona. px-emptlona. it la proposed, would le ....I frivm li noo to tivi.oo for on- married persons and at from $-J.H" to 15000 for heads of nunJllffl AU business would he al'owed un exemption of $5000. PROGB M s IPFRD IVED Other fentures carried in the pr..-Craui. pr..-Craui. which was approved through a referendum of the organization's! 2000 member, provide tliat: Income from salaries, wages, bonuses bon-uses and eominlsslons should not be taxed so high a rate as Income from business and investment. Income derived from business, whether Individual, partnership, or incorporate, in-corporate, should be taxed on the bul ucss itself and should be subject to no additional tax when distributed to partners or stockholders. All profits Including aalea of capital cap-ital aaaets. should be taxed at a higher high-er rate than Income from business and In a still higher degree than Income from manual or mental efforts. There should be a tax on gros -of all goods sufficient when added to nil other taxes proposed in the gro-gram gro-gram and including custom receipts to aggregate the required 14,000,000 The sales tax at 1 per cent wouM yield $1 861,500.000, It was estlmut. id WOULD ELIMIN U. M an Y The program would eliminate from tho present revenue ael the excess profits act, surt;ixes on Individuals, taxes on transportation, insurance, admissions, ad-missions, dues and on non-alcoholl. beverages and special and capital stock taxes, stamp taxes und certain exclso taxes. The normal income rate would ba fixed at A per cent on the first $-1000 1 above the first exemption while (he I remainder would be subjected to a tax I of 8 per cent and no surtaxes would ' bo levied. Income from business institutions j would be taxed at 10 per cent on amounts above the exemption. All other incomes Including unearned" un-earned" or investment Income and profits would bear surtaxes ranging J from 1 per cent on Incomes of from $2000 to $&000 to 6 per cent on Incomes In-comes In excess .f $500,000.