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TAXES ALREADY TOTAL
$500.00 ON A $2,000 CAR
HERE'S AN EXAMPLE Manufacturer's Income Tax _______$200.00 (based on 1950 financial report released) U.S. Old Age and Unemployment Benefits_ 13.00 Transportation tax on freight rate_ 3.60 Present Excise tax on car___ 87.00 Excise Tax—tires, oil, gas, radio and heater__ 20.40 State omnibus 1.1% tax on car__ 22.00 License plates and title_*_ 13.09 Dealership property tax____ 20.00 Dealers’ Income Tax__ 135.00 Present tax total ._____$514.00 Proposed increase___ 161.00 Your tax load ___*$675.00 Here are examples of huw mucji 20 other lines of cars will be increased by the proposed new excise tax—starting with the lowest priced cars! Proposed Present Additional Excise Tax Excise Tax Car No. 1-$ 86.00 $153.77 2 - 87.71 162.89 3 -87.71 162.89 4 - 91.00 169.00 5 - 101.26 187.98 6 - 105.00 195.00 7 - 108.00 200.46 8-- 108.24--202-80_ 9- 117.75 218.66 10- 118.00 219.18 11- 120.28 223.34 12...- 124.21 230.62 13 - 125.75 233.48 14 - 129.92 241.28 15 - 132.41 245.96 16 - 148.32 275.47 17 . 152.64 283.53 18 - 157.60 292.63 19 - 164.83 306.15 20 . 180.00 334.23 Total Excise Tax $245.77 250.60 250.64 260.00 289.24 300.00 308.46 312.04 336.41 337.18 343.62 354.83 359.23 371.20 378.37 423.79 436.17 450.23 470.98 514.23
77.4%