Evening Republican, Volume 17, Number 80, Rensselaer, Jasper County, 3 April 1913 — Page 4 Advertisements Column 2 [ADVERTISEMENT]

Income Tax Will Raise $110,000,000 to $150,000,000. Washington, D. C„ April I.—The tariff bill approved by the ways and means committee fixes taxes on incomes as follows: On incomes over $4000,, 1 per cent. On incomes over SIO,OOO, iy 8 per cent. On incomes over $20,000, 2 per cent. "- ■ • On incomes over $50,000, 3 per cent On incomes over SIOO,OOO, 4 per cent. If at any time the president finds the revenue derived by the government from customs dues, internal revenue taxes, the income tax based on the rates fixed by law, and other sources should be insufficient to pay the expenses of the government then he is authorized to raise the income tax to such percentage as he may consider proper. T. The bill approved by the committee does not limit him in any particular.

The ways and means committee believes in this matter it has been inspired by real political wisdom. If the revenues derived from all sources should be insufficient after the enactment of the new tariff bill to meet the expenses of the government, the administration will not be forced to issue bonds to raise the additional money required. All the president will- have to do will be to issue a new scale of income tax rates. Nothing is more unpopular in this country than a bond issue. There will be no outcry of any serious political consequence from an Increase in the rate on incomes of say over slo,ooo.The average man will hold that this is just the thing to do. Estimates in the possession of the ways and means committee show a wide variance in the number of persons who will be reached by the proposed income tax law. One places ten and the other twenty as the number of people with incomes exceeding $10,000,000; one fifty and the other 100, drawing over $1,000,000; one 300 and the other 500, drawing over $500,000; one 2,000 and the other 2,500, drawing over SIOO,000; one 10,000 and the other 12,500, drawing over 50,000; one 20,000 and the other 25,000, drawing over $20,000; one 100,000 and the other 200.000, drawing over $5,000. It Is the expectation of the committee that there will be collected through the income tax any where between $110,000,000 and $150,000,000. The prospect of this revenue has enabled the committee to make many reductions in customs dues which would not have been possible had the income tax amendment" to the constitution failed of ratification. RENSSELAER MARKETS. Corn—4sc. Oats—2Bc. \ Chickens—l2c. Eggs—l4c. Old Roosters—sc.

Fancy plates received this week at the 5 and 10 Cent Store. Harsh physics react, weaken the bowels, will lead to chronic constipation. Doan’s Regulets operate easily. 25c *a box at all stores. The Morris Stock company, which appears at the Ellis Theatre three nights, commencing Thursday evening, April 3, is considered one of the best repertoire companies on the road. The plays are new and up to the minute, with that happy blending of comedy and strong dramatic situations that goes to make the ideal play. Bargain prices are announced. A healthy man is a king in his own right; an unhealthy man an unhappy slave. For impure blood and sluggish liver, use Burdock Blood Bitters. On the market 35 years. SI.OO a bottle. , Currency reform will come informally to the attention of congress soon after it assembles next week, notwithstanding the efforts of President Wilson and the democratic leaders of the two houses to focus attention upon the tariff during the early weeks of the extra session. At least half a dozen currency bills will be ready for introduction when congress meets, it is believed, and their appearance in the house* and senate will mark the beginning of a general discussion of the financial reform.

CASTOR IA >or I’ofimts and Children. Tki Kind Yn Dm Ahnjt Bought Beam Um Hl<naßtH% of MIBOELLANEOUB. REPAIR SHOP—Motorcycles, new and second-hand bicycles for sale. In Jack Warner building, south of Rensselaer garage. James C. Clark.

GIVEN AWAY—Brick bats. Fill up the washouts: or will deliver for 50 cents a load. Old Brick Yard, west of town. Russell Van Hook. PIANO TUNING —See Otto Braun, who will guarantee satlsfac tion in all of his work. Reupholstering and furniture repairing. Satisfaction guaranteed. J. P. Green, Phone 477.