FOREWORD N providing for war revenue, the War Tax IN Act has been so framed as to make the assessment for war purposes additional to taxes which are already effective under existing law. Taxes provided for in this Act are thus separate and distinct from existing taxes, and, when the time comes for abolishing war taxes, it may be done without affecting general tax laws existing prior to the War Tax Law. This digest has been prepared in such a way as to make clear this separation of War Taxes from those existing before this enactment. If similar assessments have been made under former laws, both the existing tax and the war tax are given. The amendments to the Federal Income Tax Law which are included under the subject of "Income Taxes," although contained in the War Tax Law, are amendments to the Income Tax Law of September 8, 1916, and, as explained above, should not be confused with the war tax legislation. October 4, 1917 |