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War Revenue Bill Seeks New Tax Plan for 1919
Senate finance committee reports a war revenue bill outlining a $5.95 billion levy for the fiscal year ending June 20 1919 with major taxes on individuals corporations excise duties and inheritances. It details income tax rates from 6 to 64 percent plus 12 percent corporate tax and a complex excess profits formula. It also notes RoP figures for 1918 and the push to extend government railroad operation and relaxed import export controls as war restrictions ease.
MENTIONED IN THIS ARTICLE
New York
Senate Finance Committee
Senate
House
Commissioner of Internal Revenue
Roper
McAdoo
Congress
Woestock
American Iron and Steel Institute
Money Committee of the Banks
Government Committee
New York Stock Exchange
Gece Wen
Ti ER
Dee
Central Americas
Orinocas
Ecuadors
Oaxaca
Payta
Department of Agriculture
Cea Island
United States
Chicago
Points
Pacific Coast
London
Standard
East St. Louis
Lead Producers’ Committee