New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-03-12

lion and growing wealth. SPEAKING Ior cnmnnjs
/ and his co,lDagues ~ ;he Tax l5olrH ,' n.
I .i'rors Wbalen and Blumenthal. President BarN-
or said: . .,o ara involved and
/ confusing particularly IN regard 20 petson"' nn,
, ton Many wealthy persons arr az 80 ,6a ason
bearing just shareof TAXATION tbirl that in
most cases large share Of me hos'ns~ ,orations
reprs Wb,r5 are supposed pay their tax oil
rect and consequence are no No. ~ free 10
snt that If personal tax is to be Rad by all
who liable. many OF them 500 ps - avoid per-
| nv OF man f. taxed 70 invent means u "'''' -
PERSONAL AVIATION falls heavy en- est9,Ss n t2F
estate must lie inventorisd and first comes tne m
herance tax which includes even STOCKS oi nv
mornf"ns ana after that comes the personal "a
II mis- property consists OF cash ralroaa pD p,1
nS face S' or marks value ss the jus, debts d b
by the estate THIS IS often nok to the income
from the estate for their maintenance anu '''
Frequently the personal property OF such estates
nets about per cent and after me TAX - e',h
sst is sI sadly impaired The position OF Tag Com
missioner IL not in all respects tr The law,
as It Is handed down him In admnisiTrg 'n as
tax. he must listen 70 me VINO" ,iY f. tax.
Ing bread rom her children. while in many cases
he must look on while large aH,,o"es yer,tor who
| claims physical possession OF all the hodines "
the estate and successfully denies our ''S"' - "a
Personal. TAXATION ENFORCED
There is 10 place where the personal tax Is more
thoroughly enforced than in this city Figures ue'
onstrate that not only tax but collect Closer
than anywhere elsa IN the state. and sun We are
free 10 admit that the personal tax is not an en-
tire success Persons who are so disp3hsF1d I,n
! evaIe IT, As administer this TAX IN hts ,S.
| Notwithstanding the many exemptions, each year
demonstrates It, onensvenoss for local taHat,'" HS
! hn its enrorcement The people are being educated
40 singc-iaX idea or MODIFICATION vL ue nr,,.
s6na laws of this STATE so as to in"lhac ony
, corporations and jon-stock companies ana LOT -
tates and ndivdnais ab'yT t'T,a system
AMI reeye from annoyance ne crrk o %, "r 'l
Tic taxation of a nonresident has In the past
Of IN. court of Appeals the nonresident Il. as
s"ssed ami taxed on a suns nVrs,rd !. n,1 np,
Tor any debts claimed - be- owing by either The in
diyhlua or by the firm Ia wnicn TIE capital may
DAY at the Tax DeparmeG when PeoP, s,n are
swearing m their personal taE, wouu , I' in%,
peii,l TO administer the law and enforce it,
m. banks OF this 80, are now assessed md bear
q large share Of taxation. while tho trust comgani"S
y Tn az i@gIration placing bo,h cases these
banking institutions on The same iooths' ~ lar ~
RESIDENT CORPoRATIoNs
Ey the decision Of the Cour, Of Appeals in the
Thurber- WhylanI Company case. the Tax Depart
n,nt and the public are for The first time placed In
an inteillgen; position regarding the taxing Of non
resident corporations The decision says.
The assessment ~ domestic corporation -
made after deduction for debts because its chpl,
t Va, s"I rhInb csnnof b arrived at without consider
! Ing AMI drductng debts. y foreign corporation J.
~" actual value ~ such capital or surp"1 am rs
such value IS not 10 b. assessed or taxed the drbS
shoud not BE- deducted from specific property mere
For number Of years past It has ben pegr,sr
! and by g, doing claim exemption from taxation
here. The Tax department aided by the CORPORA
mater w. To- The t'ourt Of Appeals resulting in ms
decision. watch must XIV" increased revenue 20 ,ais
Department was driving capital away from this
city vas subtorfuge FOR the purpose OF avoiding
The domestic corporations. oreanzel unier the
laws 81 This State. are now heng taxed under e
cent decisions of the Court Of Appeals mainly oy
deiuctng debts from assets
Joint stock associations. iiie Insurance trust ana
| telegraph clmp1nies cordage. sugar am other
! trusts organized Win large capital practically IS
I Ne rel that Win the corporation Inheritance and
| other State taxes fully enforced sufficient Income
would be- derived ~ pay The cn'tre Sate taN with
Oh csns HpGn h ine 9Se'5 ,a% VI S s a,
! ina-rnaeh as We are I'm this city prevented from
! leyylng a tax N. stocks 81 corporations. assoc
,i u fl ,b,t RE sto,o should 10 II entirely
non WE ir' h .'S abo e s,, tax direct eavgr s
! here 20 Wrestlc with the problem of local taxation
Tor me maintenance and government OF this city
alone.
PROPERTY EXEMPTED.
The passage by the Legislature OF laws inls-
| crmlnatey relieving real estate from taxation IL
yearly narrowing the area OF assessmenis We
m sht refer particularly TO Chapter fsS. Laws Of
| 1888 This act grants exemption from taxation u
tn real property ~ corporAuons or asSoclatons Of
proy"ment OF men and women or for religious char
liable. missionary. hospital educational patriotic.
historical or cemetery purposes. or for two or
| Under the eastlclty OF the language Of this law
AMI from the point 81 view OF some. association
for the Development OF the enjoyment Il Jew or
many might be- incorporated ana demand exemption
under the moral AMI mental Improvement OF men
and women clause and under the patriotic and
historical clause the IMAGINATION 81 me 2reahH'ts
would he entitled 10 the largest scope and the ely
| rendered powerless IN "udeavcring 10 compel the
real cstat" he'd hy such an ASSOCIATION rom pear
ing It's Just share OF taxation .....,. ., .,.,
money -makng institutions but under this law they
tloual institutions. possessed without this statute
ample opportunities for avoiding taxation, but by
cnactng it, the moral and Intellectual the patri
otto and historical were provided for. and the city
The Commissioners 81 the Tax Department
have in the past protested against Hesitation az
fectinC the best interests OF the city In granting
such exemptions from taxation. Under this act the
broadcast and most cordial invitation Is extended 10
mand Exemption from taxation II constitutional
amendment was enacted prohibiting such ndIsc:im
| mate exemptions. and leaving the matter wholly
10 the local authorities In each city the taxpayers
II this practice OF wholesale exemptions continues
the public must sooner or later be brought 10 face
o~nc 6y GhGrch. stat or ~ Individual with the
view Of having 1t bear It's share Of taxation.
|
| from this class OF exemption. inasmuch as a suiii-
| Client amount must he raised annually TO maintain
| the city, and the taxpayer. whether he pays real.
personal corporation taxes. II the annual amount
assessed IL increased. groans under the tax Inn
| posed upon him.
! Another matter in connection with taxation that
| - might mention IL the practice for past
| of tn" Controller. who claims the right under the
| Consolidation Act To- remit tax made by
| Tax Department The language Of section 1913
! OF the Consolidation act under which this
authority has In the past been exercised
was certainly never intended to apply the
| Tax Department. IA Is made plain, In our opinion
| by a subsequent section. giving the Tax Commits
Soner authority 10 sit In review OF the work or
sessmenta. and remit or reduce the tax imposed
| real or personal estates.
The Tax Commissioners feel that the power to
remit does not clearly exist with the Controller
The question has never been legally tested In the
courts and we feel that the only power to review
work remit assessments as made by rests
with the courts alone.