Excise Bill Proposes 1 Percent Tax on Major Earners
The measure targets individuals and co partners with annual business receipts over five thousand dollars. It aims to implement an income tax by taxing this defined group.
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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Mar 02, 1912
Page
1
The measure targets individuals and co partners with annual business receipts over five thousand dollars. It aims to implement an income tax by taxing this defined group.
The report lists figures showing President Taft under a Democratic excise bill would pay $700 yearly income tax and Andrew Carnegie would pay $418,000 plus. Cabinet officers earning $12,000 would pay $70, congress members $825, incomes over $100,600 taxed $950, incomes of $20,000 taxed $1,150, and income under $5,000 exempt.
Washington reports Democratic caucus ratified the sugar bill and an excise tax proposal that would function as an income tax. The measure targets earnings over $5,000 at 1 percent, with revenue projected at 50 to 60 million dollars yearly. Sugar on the free list aims to lower prices, while corporate tax provisions extend to individuals and partnerships.
Congressman Thomas Sisson of Mississippi launched a push for Oscar Underwood for the Democratic presidential nomination at the Boston Fruit and Producer Exchange. He urged southern support while noting varied southern states backing for Underwood versus Wilson, with North Carolina leaning Wilson.
Washington March 1 Special Representative William Schley Howard is waging a letter writing campaign to back Oscar W. Underwood for the Democratic nomination. Howard says he has sent personal letters across Georgia and has received only one opposing reply, from a Wilson supporter, with responses kept confidential unless consent is given to publish.
Washington dispatch reports Major Archibald Butt Taft's military aide sails for Naples alone, surprising friends who expected engagement news to Miss Dorothy Williams. The Washington Times runs a group photo with caption hinting at an engagement. Butt and Williams avoided confirming plans at a Leap Year ball where she chose him as partner.
Jules Vedrines, piloting a 140 horsepower monoplane, established a new world record for one hour by flying 101 2-3 miles. He surpassed his own previous mark of 88 1-3 miles set on January 13.
Washington March special reports the Ways and Means Committee proposing a bill to repeal free sugar and impose a 1 percent excise tax on individuals and partnerships, aiming to reduce sugar cost. Underwood supports the tax, Louisiana fears industry ruin, Georgia splits, caucus approves unanimously with few abstentions.
Dr. Bradfield testified at a board of health meeting about Miss Katherine Wood's complaints over alleged negligence by Dr. Halt and Dr. Wilking noted during care for her mother. He stated he would not visit anyone on a cold night if they could not pay, emphasizing patient worth and payment ability. The discussion touched on city physicians and access for those earning low wages.
A grand jury indicted twelve alleged liquor dealers based on Internal Revenue evidence for retail whisky sales. Four men, including Dan Shaw and W B Talley, were arrested on misdemeanor bench warrants issued by Solicitor Hugh M Dorsey, with Arthur Bearden and Thomas L Duke among the others posting bonds. The probe, urged by Judge George Bell, aims to expose blind tigers relying on internal revenue licenses to ease prosecutions, signaling possible wide fermentation of illicit whisky traffic.
Rev. B Dean Enenwood of the Universalist church criticizes the eight day city campaign by Protestant churches calling it a theological freeze-out and endorsing the label Men and Orthodoxy Forward Movement. He plans a sermon on Atlanta's Men and Religion Forward Movement and its spiritual social possibilities.
London reports a massive suffragette windowing spree in central districts, including Trafalgar Square and Regent Street. Emmeline Pankhurst led a car assault on Downing Street while others attacked shops with bricks and hammers, causing extensive damage and several arrests.
A conference between President Arkwright of the Georgia Railway and Electric Company and Atlanta city officials is planned soon to seek a compromise on streetcar fares and rates. The plan aims to reduce maximum light rates, trim monthly charges, and liberalize streetcar extensions while avoiding railroad commission oversight. Mayor Winn and eight council members will participate, with hopes for a settlement favorable to both the city and the company.
A fragmentary clipping notes a person named William and a ble brother in a cryptic telegraph-style line. The readable text centers on a damaged plate inscription and a possible designation of a relative. No clear event or date is established.
The report records an opening in the erket market with wholesale activity centered around a price near one cent. Market chatter points to limited movement and cautious bidding as traders monitor early demand signals.
Washington March 1 The senate adopted a resolution urging President Taft to submit all correspondence with Colombia over the Panama canal zone acquisition. Senator Hitchcock charged former President Roosevelt aided a revolution to seize the zone, alleging unwarranted U S involvement and fallout with Colombia. He urged disclosure to reveal whether officials favored canal seizure by capitalists linked to the French Canal Company. The debate touched on U S treaty obligations, spoliation claims, and potential arbi tration.
Weather report fragment notes increasing cloudiness across Georgia and surrounding areas. Bidirectional forecasts show moderate winds and northeast influence with vague temperature ranges and rainfall figures missing final values.
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