The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1865-01-07


. tax upon incomes may be . very inst n nd
necessary form Of taxation; but the present
Law 10 not Of that kind. II goes out Of its
way searching after . few cents revenue
from soms poor end moody msn, and leaves
the income Of the rich untouched. One tbou.
sand dolisrs is but small sum out OF which
= poor man has 10 clothe and feed himself
and family, and Jet thst sum il the MAJ ximum
income Of three -iourths OF the heads OF fam
lies 10 the country. Out Of ths, sum b . has
10 pay city, county, and State sxes. oil of
which have been largely increased, and in
addition this year has 10 pay eight per cen,
On the excess over six hundred dollars.
Ills income tsx is thirty-lwo dollsrs. His
neighbor who has half million invested II,
Federal bonds bearing six per cent interest
payable 10 gold; an income equal in treasury
notes 10 seventy five thousand dollars, PAYS
no income tax st all. Tie "toils not, neither
does he spin." he adds not . dollsr TO the
productive wealth Of the country; but poe
sessIng fortune Of halt million inversed
10 Federal bonds. which sre exempt from
tsxrtion. be draws his seventy five thouss d
dollars interest per snnum, aud pays no, on
cent o. income tax thereon. This is wholly
unjust The exemption from tsxstion OF
capital. and the collection OF revenue from
A
labor. is wholly unjust and falls with Cd
pfessive severity upon q class least able 10
bear il.
A half dozen men may club their capital
together and engage in selling dry goods;
IN heir income reach ID sevensv.fve ,hous
and doIiss during he year 1868 they hsv.
b d to pay he Guser.mens a tax of i,
'houssod dollars. while il they had invested
ihst same sum 10 Government bonds. the,
would hsve realized the same proGs, an,
have been exempt from the payment Of an,
income tax A mechanic, artisan, probes
sionsi man. publisher. merchant, or an,
aihes man whose earnings are the produc
OF their ovn energy. industry, labor, skill
and brains, 10 made 10 hand over eight oe
cent. Of his inc.'me of 1863. 10 the FEEDER.
Govern men,, while the individual wh...
p ohts are not the result OF labor or brsins
|or skiIl, or any other known produc,iv,
character, who receives his interest becsus,
y y paid over 10 him. whose profits f.II I,
him - the rain falls. without sny Effort a,
he part. 10 exempt from ,sxalion. aud con
tributes nothing TO tine support Of the gene
rsl Government. Il is true bic money i
loaned 20 the government. He hss loan
ed 10 the government hall million q
dclIsrs 10 green. backs. aud he draws his in
'ercst 10 goli, equal in green-bscks to 4
teen per cent. The msn who loans none
q fifteen per cent hiss never in the histor
Iof the woIrd been regarded % sny ver
special benessctor to the unfonunates VII
are compelled 70 borrow Of him; snd on III
score Of "iriendIy sccommodstions the :,
cipient Of fifteen per cent. interest in .Isu
fol money" cer,sinly has ro very pas'icuIs
cIsims 70 the forbesvance Of the parsv wh
thus fills hs Golfers. The man whose fund
ere invested in business, snd who pays, /
the shape Of licenses and in cone tsx sui
exceeding eight per cent Of his whole in
come. 10 In fscta greater benetctor to hi
country than tbs man who pays no tsxs,
but draws from the federal treasury 6f,ss
per cent per annum for the treasury note
he has leaned 70 the government.
This exemption is unjust Tor another res
son. Its taxing the producing clsssss /
pay bounsies 70 the n-producess. Th
man wilh The humble total income OF on
ihousand collars has 20 psy. thirty two do
liars tax 70 the Federal government. 20 enc
Ible Il 70 pay some other man fifteen ps
cent. interest on loan 10 the United State
'If the thirty two doiIsn wa the opIy e.
be had % pay, while The injustice wosI
not be less, the oppression would not b .
severe.
The greatest direct injury. however, is q
The general business ia,srss0 OF the gov
eminent Capital. % long. . applied to sh,
productive industry 10 taxed enormously. !
is taxed q evsy step and turn; Il 10 ,sxe,
10 the hands Of the manufacturer, the msr
chant, and the consumer. and then ,sxe,
upon lie profils. But capital withdraw
from the cummereisi- msnpfs ~s.,;,. = -