Indian chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1882-1902, 1890-12-25

times the rate assessed against $4,000 Fer
the second 10000 above the original $40,
800, one and ne.hfth times the rate as.
sessed against $4,000, and like Increase OF
rates with increase of values shall continue
for All sums not exceeding 100000.
Upon all values exceeding SlO00OO tho rate
OF taxation shall be- For The frst si00.OV
I above the original 10000, one aud one tenth
times the rate assessed against 100000, and q
! like increase Of rates with increase OF values
/ shall continue without limit
7 Fractional values remaining after deduct.
/ Ing the total Of the units OF increase shall be
assessed AZ the rates corresponding to the
i next higher units OF increase
4 See. G. That lfany lot or parcel OF taxable
! property separate and distinct from others,
4 be one OF two or more Of the same class
/ owned or controlled by the same party, firm,
4 corporation or association, the rate OF tax.
4 alton upon the value Of said property shall
be the rate which would be imposed upon
4 property possessed OF the united value Of
4 these properties.
See z. That II any lot or parcel Of property
/ distinct from others be placed underline CON
troll OF a trust or combination, IL shall be as.
1 sumed to be component part of the guam
tlty OF said trust or combination, and the
value thereof shall be subject 20 rate Of tax
alton equal 70 what would be the mean rate
imposed upon property possessed or the
united value OF the properties included In
said trust or combination.
See. s. That II any dealer in agricultural,
mining, manufacturing or other products,
shall handle, buy or sell the products Of
trusts and monopolies whom those OF other
than trusts and mOnopolies can be obtained
for mercantile purposes, the yearly average
amount OF such products kept in stock shall
be assumed 10 be a part OF the properly Of
the trusts and lnOnopolies from whence the
said products were obtained, and shall be
subjected 20 a rate Of taxation equal to what
would be imposed upon property POSSESSED
Of the united value OF the properties in
cluded in the said trusts or monopoiies
llt will be necessary then To add some
clauses clothing the secretary of State or
some other ofilcer with authority and power
to obtain a list Of All properties within the
state belonging to or connected in any way
with the trusts or monopoles, their values
and the value of the properties of the trusts
aud monopolies to which they belong, and
TO supply "A copy OF this list to each tax as
SCISSOR.
In order to illustrate the working Of
this system in practice, the author re.
fers to a sugar factory at Topeka, Kan.
This factory has capital OF siOO 900.
If taxed alone individually. under such
a law as the above It's rate would be
one cent on the dollar of value. But #
ii were brought up to tho trust having
a capital of $50 600 GOO IL would be
taxed at the 500, 600 600 rate, which
would be 81 cents on the dollar That
is, the Topeka factory as an individual
enterprise, would pay $1,000 year
taxes, but as n part OF the trustit would
pay s2l 600 a year which OF course,
would eTectually debar its going into
the trust
We refer briefly to q single advantage
this plan has over the income tax. The
income tax may be eyaded in many
ways, but in the case Of a tax on actual
property values il is a very difficult
matter to conceal them. A man with
large property may claim that i is un-
prod ductlve-t that he has no income but
Il - ow~~a bank, -actoT-e or rafltsad,
he can not hide that and the tax Will
be levied, whether he has any income
from it or not
As part of the great gospel Of form
now being preached over the land, no
more important feature exists than the
prob EN- OF taxation. This system Is
ent tied to the full consideration of all
who think on the sub .ect and work for
the general good. journal OF Agrcult
ure.