Show WAKE FOR MEASURES TO RAISE MONEY joint conferees on war revenue complete their bill and turn in their report TAX LEVIES WILL BE HEAVY under jumha legislation P provided beaded P powerful f zil corporations will pay their proper share fr for the F finances arre a that must be provided for the successful co con tunu ti nuance ano of the war scat best efforts of statesmen State amen at washington have has B been put forward to the accoo ph hescht of the country ends washington tn 1 ahe I he j joint out conferees on oil the aar re revenue eon I 1 bill completed their tire draft t after two weaks ka ot of A As rolled by the con conferees fores the th inel measure esro has been bee raised fr from the 13 1 icv 3 floxd fl d by tile tiie ban sante a is of fa 2 1166 foell to a an acate ot of ly 2 70 um ged chairman S himmons no of the senate in finance mum nillo estimated t that h the increase made ad b f the eon f derees r would unpin approach ach profits profile 7 I 1 ax modified the I 1 excess vi so wu pro profits tx as a agreed ta to by the coffe conferees s la s a modification of tile the senate bill tile the principal changes being in the maximum ana 1 I rates rate of exemption upon ifie which bith the tax to li I 1 to a be determined deto rallied the senate graduated scale a cut a of ciema on p umu lions ran flow fiora 6 to io 10 per pep cut while le the house houe hou e exemption pit rate are me 8 per cent the conferees adopted ties the grad brad noted dated rite to of it from 7 to 8 9 per cent III definition of capital which was as a point upon pa width the conferees fe fee e nr gued tor for days day was ties in dib it so BO as a to provide p fit that bent the act it value tue of I 1 f langl his hie property pra perty paid into a corporation corporation or par ship or 1 business has as M before lure jon january 1 1914 shall be taken truly us as of the that date do the froio pro Is aa a to good win will and ad other intangible I 1 plop cry has beta somewhat lown As to invested capital in calculating war or excess excels profits the terms t rop invested fil ted capital of f coupas carlond ca D bious as and ad barra odo was declared to include actual test lash it paid in 1 cash veto value and othir tangible tan tua gille giop bior erty arty paid for lack or shares at the file time of fou latent or january 1 1914 but I 1 in no il a case a to exceed the it par value jr of f the t original e bigum I 1 bild in or earned duplus and undivided profits used or employed in the business ex be elusive alual ot of undivided profits earned dur lug ing the taxable vear the allowance loance ul for intangible assets cre includes chubs actual cah ill value lm of pt to unit and copyrights cup paid in for stock or shares at the time th of a payment good will trademarks bradon le trade blands if for bone bon fide bid pay meats not to exceed tile cash value min it stipulates tip teo that chat such assets echanes echa ned for far before match manh 3 not at exceeding cen deig 20 per ever cent of the total shall tell be included I ludah at a value not at exceeding exi ceding a fair cash n out value us at t the it time of purchase postal increases B a A let flat joe inci increase leme ease on reading matter ot of y 0 cent apar per pound until july 1 1919 d a at i thereafter I 1 was provided ind Advel advertising matter exceeding 5 per cent of if the total space pace would be taxed fr from 1 vi to aa 21 cluts additional until jai july 1 1 1918 1919 and from ii to 4 cents more until july 1 1920 and ad fr lik to 6 cents cb to avi lq 1 l and ad fr troia I 1 1 cent 1 to 9 cents cent thereafter A an additional w tax of if cent por per pound penult until in july 1 1019 19 and ad cent ta cairl r on leli gams cod full f fraternal r t al and ad similar publications publication was a ad adopted ap atoll I 1 the 1 cent tux tax 0 on I 1 lette ii excepting drop letters lettera wal and postal pastel caida was restated ill bv it the modules conferees A 1 I clat ad it aal to tax on posed and ad private re mailing lag ou caida do v w is 8 added tile the first fir it less mall mail are estimated to nise oil and ad 1 are I of effective cudo dais ateer th the p passage besign of the act the s ste senate te fauvism pi oison 0 colithia Coli from flat post dust age go leet tits w by and bailers bailors abroad was nas retained railroad tickets ticket hit the confes conf es itlen 8 per colt cent in lieu of the site s ite rate of 5 and the house rate of if in per ment CLUI on DO passenger tra transportation valo estimated ted to in raise from tile compromise levy stellar OUO 00 instead of sa 3 OUO tile senate pin plau I 1 ahe ile 3 8 per cent tax on fi eight ti was w as rt rolard lard and ad the to tax on p tre trail pur tall on w flaa fix jame inci increased eased sit tia a that I 1 cent would be levied on an sell 20 cents paid fim instead d ot of each 25 f cents to ahe lawa house 10 pir cor I ci nt it tax on lions cut to 5 per cent fant by tile hie cents was restated and Is atod to raise 55 WIO in lieu of the house 5 pr cent tux is on sales of by manu facter and tile the senate but federal I 1 license tax as on an owners the cle raa of kreeb Is adopted a 3 per cent tax lax on all motor at or vi dlo cles finc including ludin g t thiis k payable by cam manufacturers f t ra producers unit import firmant I 1 erf raes r cl of 3 per cent at ot at ere era also alea of musical ins instruments trute n to and acl i jewelry airy also were w arvai in w with a to tax of 4 cent B a foot ua an motion pic two film new inheritance inherit tax A new system ol of graduated fial ingerl lerl I 1 tince n ce wece taxes we waa mc whitten mcinter itter jet into the bill in lieu ot f the h house pin plan and despite the he so senates etc rejection of such each tax taxes tho a new rates on ce with those ot of amone in military service exempted apted ranke go from an one half of I 1 per out cent on ma 50 estates to 10 P per cent on an estates of 10 OW bud and more or the hulk bulk of the increases In creasea a of between 20 io and made by the conferees in the senate bill was secured from flow too postage public cutill ties and manufacturing ind section bad and the new inheritance I 1 taxes a na ith but few except exceptions le as the new axe taxes fi are aa effe effective ethe with the passage ign of th jbf act t senate version stands stand T the h a income tax was adopted I 1 it rd I 1 as a written by the senate cast the now new 2 per foot cent normal arm I 1 tax tat on incomes of more 1 I thin th w lc sa fop far barned rd per sons awn and sl 1 to tor single persons 1 is in addition to the protect present law exempt ing fing incomes of less than 3 for stia sin gip gio persons id and 4 ODD for far married po per sons son thus th tansie us b lwow the new 1 low w exemption be bases end ad tile the p se t ex emotions empt maid ions lems will P only fly the 2 p per cent t tax as but single persons giffing tg an in come of or oc am more and 1 I magrud persons person a income Is or more are would pay the full 4 per cent nor normal B 1 t tax T the he B senile to income poI provision In allowing in g an additional exemption of for or each dependent child to heads of if sublet to the present Is law was retained the exemption for far children however does pot to to those sub ba jcck to the a new reduced tax e with th t the 2 and low 1000 exemptions p ethely tor for married ami ad stag c P pta or sons san surtax 1 Is agreed upon surtaxes Sur taxes were agreed upon as fol lovs a a one per cent on income over met stobo and ad less it than 2 per cent be tween iween 7 and 1 10 3 per or cent between b tween 10 and fi it 1 4 per cent t between 12 and 13 15 spared 5 per cent between 15 and 20 T per cent between and ad 10 per 18 per cent between SO and ad 00 per cent between and IS ill per cent SO anti ond 22 per cent between 1 01 00 and ad 10 25 per cent beaw a een and tw SO per I 1 cent t between buo ouo and ad ja 34 p per y cent be otteen w con 3 2 0 WO and OLD 37 per cent at between and to 40 per cent between ant and 70 7 45 per cent how between bee 7 oo 00 M and slid and TO 10 pe per cent oa an lammia exceeding 1000 1 dome increased s of tax to 61 whisky I 1 arld senate rates on and ad beer wire virtually retained trend a it slid and that on an wiles somewhat rad of tile to tax on di distilled t tied ph it was made ads 10 per ga gallon lon when hen for boic beiert ge use and it 1 less ires for far industrial purposes castl anted to raise wa th the amendment prohibiting importation of distilled spirits spirit for bene beverage rage us use was wag retained floor taxes to with diaan di aw 11 ilu ocre w ere approved bees was taxed per ba babrel 1 additional lonal to raise an j increate Inc ot of 25 cents per barrel over the house rate present wine mine doubled double ii taxes on nonalcoholic beverages were compromised 0 on simps unit and extracts us the I 1 taxes ar gra bradu d u abed from 5 to 20 cen cents I 1 9 last instead end or of from 3 to 12 cents a gallon were ane adopted ginda jai juice bad and other soft fr drinks are 1 taxed I 1 out cut per get gallon as a dr provided aided by it alm senate soito 1 reducing cowling ties the inual 2 cent t rate of the house bate b ate rates on dears choice and mg ties weri were retained reta inid but those these on snuff off were increased Ini reaped from 4 cents cent to 5 cents cent pon pound stamp taxes F fixed sell stamp slump taxes agreed upon are bonds boals ot at indebtedness I 5 feet cents on at each ill indemnity and surety rely heads bondi 50 centa is r parcel r ra post past packages I 1 cent at for far each 25 cents of the coat cast ot of tali capital I 1 let stock original issues 5 scents per er bs b s bad and trailers 2 ri r I per R ot of produce preda on ol exchange 2 cents tor for earl each value in most merch in disc dies drafts checks other than or on eight or demand plow promissory sory notes at except c pt bank notes for circulation and rO renewals oal 2 cents to tor nil skims below da and 2 cents for far each additional glia or fracci n th ref pall 50 cents between tw old and DO and BO 50 cents tor for each bach additional almod customs custom house bouse entries from 25 cents to 51 1 entry for far bowled bonded so warehouses locc 50 come cents passenger vessel tickets for ports parts other than those 1 in tile the united star states canada lad mexico bet between wess 10 sad bad 1 bower between 30 bud and 10 3 and ad shove he 60 f voting proxies 10 cents pa power of attorney tracer 25 cents six cards card decks ot of not at more thin 54 cards canis nn an additional addition 5 cents I 1 on the present rates taxes on life insurance Ini urance ell oil nil led from the house bill 1 in the senate mite wele w nd 1 still and reinserted raising beat about effective november itile 1 the now new bases I 1 on gift insurance pol pal teles acles issued are 8 cents per or from fraction ton t thereof hereof on life insurance tied and 1 cent per par 1 sl I on be the pro premium charged on 0 marine art casualty fire fl and ad inland 1 insurances or amusement taxes agreed upon that nil all persons entering places of nimis ment free except amplo employees ece and officials malc lule on dut daj bad and children child UH it der gwehe would pay a tax rate of at I 1 cent cut on an eniti each 10 cents cut or elaml fraction t thereof heroid of f the what xion charge thit this tax also would apply to cabarets and ad similar performances whore where the cot cost of f entertainment t Is 1 included in 1 other costa e B to such na service holders of on an nual net box be seats at would pay 10 pir out cent of the munt annual I 1 rental nickel th theat tol ci fin and it show shavo a rid and other outdoor pink paik manson amusements ento with a maximum abman ad an piston mission of 10 eve cents and ad lament benefit antl lain isip menta ments and agricultural fairs were exempted exempt after november 1 members of uj all I 1 clubs club except fraternal orders put I 1 ing wi more th iliin a 12 annual do daita would old be en subject hirer to 11 a 1 10 per cent t tax exemption are allowed on ex profit ill the owford conferees el agreed upon pa a odi deame tied deduction bell of 7 per mat cent rod and a maximum of 10 per cent instead of the J 6 to 10 per rent cent fixed hy by tile hie senate other excelle fians ale aie 3 for far corporia corpo rit 1 a no and for 1 corporations partnerships bud and individuals 1 ha ing no pit pital cent stock lack would old pay fl fid fant it mr rata ol 01 1 8 6 per cent I 1 on net act in excess of for corporations end bud tor far individual anil ad partnerships miscellaneous joe income to tar ann led ad inputs cut inserted by the senate were wera genei ally adopted including the so tied J jones a amendment for a to tax ot of 10 per cent OR on CI corporations or it as bills surplus allowance allo tor for income taxes paid th the 10 per cent t would not at apply to income actually invested or employed in business or invested 1 ini federal fill after september 1 li JO 17 slid 5 per cent penalty for sm surplus retained but not at Bp employed loed Is pro adlof in ling provision tor for adminta administration rod collection of tile the new blow and existing eating taxes the con confere ferres ea dd that hat the a special to tax of 12 per cent at ti on w war 1 munitions I ill manufactures shun 10 be reduced to 10 per tent but re indeed to joan january 1 1818 1018 it now yields yield about hy dud it the senate tied had proposed 11 iti repeal |