Likewise by excluding imported and American rugs in section 905 and leaving the $5 exemption on all other carpets and rugs the purposes of your committee would be fully served by giving the intended benefit to the low-priced goods. The pending bill provides in section 900, paragraph 15, and section 903 a flat tax of 10 per cent on the sale price of artistic interior furnishings and other objects of art and of decorative value-all articles sold under like conditions and associated with high-grade rugs. The latter should, therefore, be included in this section. As it is likely that this revenue bill will remain on the statute books for a considerable period even after the war, it is most essential that not only an injustice be prevented but also the largest amount of revenue possible be secured for the Government, and it will not be difficult to show to your committee, if necessary, that a straight flat 10 per cent tax, as suggested herein, will produce more revenue for the Government than could otherwise be obtained. Respectfully, S. KENT COSTIKYAN. [Form of suggested change.] TITLE IX. EXCISE TAXES. Section 900 (15) to read: "Tapestries and other textiles for furniture coverings or hangings and imported and American rugs (made principally of wool and seamless) used in interior decorating and furnishing of buildings, 10 per cent." Section 905 (1) to read: “Carpets and rugs (excepting imported and American rugs, seamless and made principally of wool), including fiber, on the amount in excess of $5 per square yard." Crow, Edward C.: Admissions; outdoor-park amusements. 220 Cunningham, Thomas F.: Tax on members of stock exchange. 20 Davis, R. P. M.: Fire brick; invested capital. 167 Dawson, W. L.: Farming and stock-raising interests.. 63 Dieckman, John H.: Tax on members of stock exchange.. 52 Fordney, Hon. Joseph W.: Lumber; definition of capital. 611 Lindley, E. C.: Iron ore.. 577 Lindsay, Dr. Samuel McC.: Inheritance tax; charitable bequests and lega- cies. 223 Maloney, James S.: Transfers or sale of stocks and bonds.. 20-196 Tompkins, D. J.: Fidelity and surety companies.. Vanderlip. John R.: Iron ore. Watson, Benson G.: Income, excess profits, and war profits. 440 579 285 Watts, F. O.: Inventories. 533 143 129 385 327 Watson, Benson G.: Income, Excess Profits, and War Profits.. 285 Part III. Corporations- Allport, James H.: Coal; amortization.. 474 Lee, George W.: Potash....... 550 Lindsay, Samuel McC.: Inheritance tax; charitable bequests and 223 Fordney, Hon. Joseph W.: Lumber; definition of capital. Lindley, E. C.: Iron ore.. Salmon, F. S.: Real estate.. Thompson, A. Scott: Lead and zinc; amortization.. 629 273 635 589 571-623. 172 167 611 577 587 186 TITLE VI. TAX ON BEVERAGES: Distilled spirits- Goldberg, Mark.. Mayer, Levi.. Neurat, Adolph.. Nonbeverage alcohol- Bond, Richard H.. Liggett, L. C.: Medicines.. Owen, M. J.: Medical preparations.. Soft drinks- McMackin, Hugh J.: Tax on containers.. Zollman, F. W.: Tax on containers.... TITLE VII. TAX ON CIGARS, TOBACCO, AND MANUFACTURE THEREOF: 339 133 342 280 620 575 536 327 545 57 73 393 TITLE VIII. TAX ON ADMISSIONS AND DUES: Brokers- Hinkley, John: Members of stock exchange...... 12 655 |