Indian chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1882-1902, 1890-12-25
CUMULATIVE TAXATION.
Il Would Destroy Trusts, Eliminate Watered
stocks, lireak Up Land Monopoly aud

II Would Destroy Trusts, Eliminate Watered
stocks, nreak Up Land Monopoly and
Equalize Opportunities.
Many Of our correspondents have dis
cussed the PROPOSE tion of establishing a
graduated income tax. II such tax
could be assessed and collected with
certainty, doubtless IL would be found,
in a largo measure effective. But a
mod fication Of the same idea Is offered,
which seems TO possess all the advan-
tages, " thout the disadvantages. Of the
graduated income tax This is known
as cumulative taxation"
In Kansas an association has been
formed for the purpose OF promoting
this idea. and they are using as text
book a little pamphlet on the subject
written by W. V. Marshall, OF Santa Fe,
Kan
In order to get the theory before our
readers as succlnctly as possible we
publish below form OF bill proposed
as a model whereby 10 enact this sys-
tenn into law We commend IL to our
readers as worthy Of their perusal and
discuss on;
section D. That the public revenues within
this State shall be- obtained by tax upon
capital and upon other property. and an
capital within this state shan be subject to
taxation Ia the manner prescribed by this
act
See. 2. That the term capital" when used
n this act. shall include an property belong
Ing 90 individuals. firms. corporations or as
sociailons, which is used or adapted TO be
used for the purpose Of gain or profit. as
land, mines. mineral, merchandise manu-.
factories, tools, means of transportation, tax
sale ccri ncaics. judgments, notes bonds and
mortgages. cash on hand or deposit. and
every other form Of gain making assets II
shall not include that form ofprupcrty hich
has passed the stage of direct money getting
purposes. and Is used primarily for the com
fort and enjoyment of man. as ones self -oc-
ci4plcd dwelling his furniture, or family
linudry. or ornaments and means of Nero
taste am pleasure
sec. o That the capital shall be classified
according 20 fhe Kind or the use TO which it /
is adapted. 90 uu. Farm lands. including
the animals. shelter. implements. and ma
terial employ I'D in farming, shall be classed
az farm stock, railroads, including all the
means and maiel iai employed m tran -porta-
tiun. shall be classcd a. railroad stock. each .
class of mines, with the property and nipple (
iucnis used n mining. shall De classcd under F.
appropriate heads as shall also each class OF I
manufactures and merchandise, and ali .
forms of capital
See g. That fhs respective possessions OF t
the individuals, firms. corporations OF $3.50 II
citations. haviua taxable property. shall then. 4
ucsides being ilstail in the name af the party
or parties TO "a l.otu they belong thus form
ing a schedule ui citations separate and dis
iiuct rs 60 class ..- well a. to ownership
see. 8. That each distinct quantity 81 prop
eIty. ns dctcruiued hv the class 10 which it
belongs and - ownership. shall De- subject
'o taxation uliun progressive scale in man.
uer a. herein prescribe
Upon ail values of 81 .pl1 or less thc lowest
nate of taxation shall De charged ana col
orfrd
luun an values exceeding Sfnn and not
'HrredIng s1aa1a. fhe rate of faNat iin charged
lud COLLECTED shall Dee. FOR ihe first sl .n1s
ilHrc the ur. -iuai 81 on. one and one tenth
iiues fhe lowest rate
For the second $1,000 above the original 81
nl. one and one nth times the lowest rate.
md there shall DC added onc-tfnth 20
DE- rate of taaatiea for each aldI-
lUunl fl0a uf value until tho rate
Ii taxation has become double thar Of fhr
eWe=t rate and ihe capital has eluaued si1.-
ruu Faiufs cEfeediug sI0lea and not ar.
|i|lin- fiale.i tle rate of taxation charged
.uI lulltafHl shah lf- Scr fha fr-t sza a.-1
.ttte ile ori- uHi siaalI. one ai.I enc ttnfh