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War revenue bill eyed with reduced levy and tax shifts
The senate finance committee reports a war revenue bill for the year ending June 20 1919 proposing a total levy of 5 953 406 000 a cut of over 3 229 026 600 from the house version. It lists income taxes excess profits taxes and excises as main revenue sources with rates ranging from 6 to 64 percent and outlines corporate taxes and how excess profits are calculated. It notes reductions in luxury taxes and provides 1918- fiscal year collections and breakdowns for income taxes, corporations, and other returns.
MENTIONED IN THIS ARTICLE
New York
Senate Finance Committee
Senate
House
Commissioner of Internal Revenue
Roper
McAdoo
Congress
Woestock