The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-02-21
rIrrs In rnE Ircors q stLE
R~vrst.A - th- spersA 90 tse 1es- See. G
Hesariz 80 H~ssutyr.

- ~ c-s---a--z' e>-~s
From the aggregate tneoms o. all the mem
ters Of any family one deduc'ioa o. 5000 u
made What "a the size o. the family' The
proposed Law says Il maT 10 composed Of one
or both parents. Il does n6t limit their ages
"one or more minor children lit does not
tay whose chilIren-"or husband end VILE
Now. II there Is not . problem for Joui
Between them all 5000 may - dedueted
The grandparents may 10 living with their
only son and his wife and their one or more
minor chiiiren-au With SlOoD incomss-
Whose 5000 o. income il TO be de,inetsdf
Does the exemption rua 90 the old folks 81
home' The grandfather may never care TO
wander from his sons Preside. ~ he and lie
old wife should take a house next door theJ
would save taxes on $4,000. because theJ
would he clearly within the statute. II theJ
live with their only son an HE vile and their
ore or more minor children. the taxable
wealth OF the eountry would probably be In
creased By $500. II a busband aud vile
should each have q separate income Of 5000
q year they will have TO be taxed. IL theT live
together. on 5000. II theT set . divorce.
they are not taxed
-Four sisters. girls. o. IL. is Ia. and ~. say.
Jointly own a city house which Yields sld.UOO
rear income They ray tax on an income
Of s12UD because they live In sweet sistsriy
love with a big brother who is their guhrdian-
They all AIRY In one season. and that taxable
wealth Is Knocked ihto o't.Ni1n- law that
can shoot IN as many directions as this one
and hit every time is too dangerous TO lss ioose
ia Soor fsrmers uts n n oDsy into a little COM
pany and utilities some waterfall near ~ Tor
factory. down comes the hand OF tai eoilse-
that II IL better to keep his money idle. with
99t the risk q business. IL an Old s,oek,n 16,
every m an who has a dollar in ary paJtng cor
poration IN America. A a I'LL TO ia! INCOMES
bill. II . page here owns one share OF Western
Union Telegraph stock which pays him - q
own a million dollars Of Government bonds
i do not have to lose one cent not eten on the
or on that mystery Of finance, the premium
Il own. $1,000 worth Of New York Cen;
have siO6.tUi deposited around in savings
banks. Idle as far as N ost OF the wants OF com
meree are concerned. l lose nothing and pay
no taxes. II 60 into q manufacturing enter:
Prise that pay. no dividend. but tries TO build
for my m oney and have TO go to work. II mr.
SALARY is 5000 must account Tor the rntanie
sa sm Ss,.r OF oek mo money
UP 10 G9yernnsnts Q, put i 10 ;,s cnsns: e.nsd
Is kept out OF business The bill should be
entitled An act TO encourage Idle capital"
II is a tax upon industry. There Is NEE
dent who has put his savings into corporate
stock He pays his two Per cent ineome!s1. al,
his salary is not over s1O week. His income
IL about SIS year from his investment, but it
10 taxed. A clerk who gets $1,000 and saves
nothing does not feel the tax at all stock
holder lives on the proceeds Of $4,000 OF De-
trot city four Der cent. bonds and goes I'M
taxed. The tax reaches the boys SIS. but ft
does not touch the wealthy stock holder. Yet
this Jill is framed on the theory o: each citi-
zen's ability to pay! The widow gets insur-
anee on her dead husbands policy. All diyi-
dends coming to her are taxed two per cent.
must pay two per cent on $1,000 OF thai. She
invests the whole $4,000 in some corporate
stock. and her income. all that she has or ever
expects. IL sGD q year. She loses two per
cent. tax on that By this bill A rich mans
widow puts $4,000 into brooklyn City -.
and doesn't pAy a cent.
The President OF the United States. with
10000 a year salary. pays nothing, II Is
claimed and q member Of Congress-. who gets
5000 q year and bays 81 900 taxes on nne
house which he owns: escapes taxation. The
membcr who rents house for $1,000 has to
nay taxes on 3 no. yet there Is to be no To-
equality in this taxation! The Cabinet Minis
ter. with 5000 year. may pay 5000 taxes
on city lots. and not be taxed a dollar for tho
Government
The law sends 9 prylng curious lot OF ON cials
about with power TO invade homes and busi-
ness houses, aud to exercise all sorts OF tyranny.
Ii must be inauisitorial to the last degree: t
Furnishes enterprise, hunts cooperation With
strength that grows ont OF the union Of saw
ipGs in adventure. and drives capital into idle
ness and hiding. You can drive coach and
four through IT, and yet IL will take two cents
out Of one single dollar paid to q New England
operative on her invested savings.