The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-05-22
/. INHERITANCE TAX VETOED.
- COZ. mick SAYS III rs NOT UNI
~ FOfM, JUST, NoR FAIR.

itance TRx bill. Tho measure was introduced to
ca carry out State Comptroller James A. Roborts's
nj ideas upon the question, and was suggested by
ID hin us 3 means to Tux personal property ut the
D, death Of It's owner. Tho Governor has wavcrcd
fo tor and,agninst tho measure, until finally he to-
9 day gave out his veto OF tho bill, In which he
SHys:
on "Uadcr the law existing in this State, a tax of
ms per cont. Is imposed upon tho transfer Of
Rno,ll property, rcal or personal, above $500
VEN amount, when such property passes by
le' the death of The owner or IL conveyed By him
y in contemplation OF doath. To this general r=o-
ai.-isiod thoro is an exception which includes cases
: the yllerol tho persons taking are parents, children,
mesnd A few others specifically named. In cpses
Ricmbr{ccd In the exception The tax IL reduced
IL to per cont. and applies only to per
9 uonall property above $4,000 in value.
This proposed bill increases the 8 per
4 cent? tax upon personal property after it
l. reaches $500, 900 in value, at the rate OF l pcr
' cent? for every $3.50 or major fraction
O.. theS@ bof. until the increased rate shall reach Is
RAN Ecent. 1t also increases the / per cent. tax
loved N personal property until that tax reaches 10
was Il cont. Tho increase begins when tho estate
cry. anorth $l,oOO,0oO. and continues at The ratio VI
in !" IT half Oh ! per cent. every quarter Of n million
an artio two millions and = hall, and ut tho rate Of
to follcr cont. for every quarter OF a million there
= an HEIR up to the 10 per cert. limit.
would 1t Is apps sent that thisgbill makes n radical
este.taNgcs ." tnc law. Estates which under the
present statute would pay a tax of 8 per cent.
might under tho proposed bill pay a tax of is
per cent. Estates which will now pay / per
cent. might under the Dudley bill pay 10 per
GENT. For o change so sweeping. even IL its
1bects fell upon all alike. there should DO sub
ttantiAl reasons. Conditions have existed. and
may again, when burdenSalmosi overwhelming
hh the form OF taxation wSre necessary, and were
6rne without completing But those were war
tinos, and tho conditions then and now bear no
ThN q 49, f.
money. Its tax rate is comparatively low,
and is likely to be less before it is creator.
The people will pay next year to the State only
S2e7 upon every thousand dollars Of property.
Alarm assessed at g., 600 will pay to tho State in
taxes 1854. This bill Affects only the State tax,
county and city taxes that bear SO heavily, and
eone means should DO adopted to make this fact
spoasible in the public mind for the tax rate.
and {et only onco in ten years has the State tax
would DO greatly, reduced, and l believe that the
ysrrants should be itemized so as to show the
to ssI put f thy 9 rssp o9sn5i txz %b ssp"iF f SsYoI in order snd
s sSss.s6,,s a rsnnofy he for T. 9weE,t9xatiop; This bill;
tho States urgent need for increased revenue.
~ mas been claimed in support of the bill
a .sss e sTsdss ta Rss ! f f s m HsyHb b lp tlSe, f Sns es
my mind this bill lie not the proper remedy. Per-
&, sSs' ia s1' 81 shSis = state aaG 'uf Il that sG iiaxa aore I pTopE
sHy enforced, there would DO but little evasion.
with the law Itself. It Is not denied that IA p ngs
S Sa iR Rsop pert Il, In some cases = Ipsgys its share, and
eyaded IS would punish those who have already
i iss aSe t ibso %boIo AND Ib guilty Y I ,oSeithsf = and pun
ent time or condition to demand that confession.
ma But there are other consideration, which to
posed lay might Impose sOI the Hp1 moss serious ri uso hard ard:
s sSo II Is not unusual that tho death OF
in ,he direct line q descent. T hhsG'ei law
death. % that in case ss Of , ,SsS Deaths sstasse o rsr
eds 70 d ih rs st sssis sn aSfsSSGis s pssr TSpid a be spp pToDert1
that had already paid its null tax. IN cases
amount taken ei By the state Would y I'D Be 9 still fe sreat sae
sSe9 S SsssI S arr not sS sis% ,pTo g on,S Or rI 5emote but I
ssSp.nseney without the ampiest justlaeasion,
ia tb but Inc q strongest argument against this bill
There is no reason Why one mans dollar should
pay more than another mans. There is no rea-
eFty should pay more than the first million. The
% stsrl unSas ' Sst I'VE y ,, the two is a penalty, not
would 9laI pay y, 4 tax of 10000 and an Inheritance
would 1Hlf pa %a saoo.oo sndf The si inherits elss1 WoaIa ss
othssI ,H Snt ' ths t As w lsrfS bs t Sns e s3mss as 8, in the
-"Tfthis is eonstitntionai il ought te not u To- be-
every dollar ought, under the same conditions.
tioa i, nt only unjust. but dangerous. il such
tax as this couldb imposed. any other might
1I!!'ipSs. and taxation must certainly be included.
II tais rule wore not adhered TO, one set OF men
another set 70 pay. !UnIIm iitssSOi power O. dis
Grinine ftu cannot safely be trusted to any one.
bi9 , The iiseI Gsxpesisnes Of last summer and ian
io.Io y ii'sH'd ]Snasso %s' fra ihou The h eoSnt Hs m frSp
S sS9 e sns escape . then. but the margin Of safety was
may Be passed imposing + from WHICH
s seS's W" n tG RS' sos shs lt ,Ss r %sy s sf9 saErIs ,esT Is
"iiiul 100 lar. dangerous clements from
abroad are yearly vaccinated into our popula-
surface y | sSil Is iar ;o p SPTsiisntt or La iii an9ss t &c.
pe nuu upon the popular vote. are changing
man ..af %ho passes alaw mus tadhere to it himself.
and tho T 90, po eoas is IS sG 5tG true are and ndfG %oaia ri Rass
crea "fins;"SS u te he II ad II we're r. +i poye IF t Is mot sndh IN.
h isiSit t.l ass i,t to r. iyr on u TIE ,L gain; We have Heohhn"di
not alone IRON o decreased income but from q
p lpo t1SiSl o Kay Of Lying as well. In times Of
dIlged which can be s%ustaincd In prosperous
b fauin "bs cSc, 1nf @ ~ tho income, shr.nks these
Go4ble because . re,iu'cd income is struggling |
r mns nj tIr ,nsses and hHtits lett over from pros
cr rMs,.n nrp, Is i true that the rich people receive
ftnnp 10 fhr % ,e, rom the Government. accord
ysrsois iro"s'Sy tr1,. ' flIs q ih Ill nns snFi tn II the fS,
f iacilif Ut hFe Ta and pol cs prot csion and school
i iHH"n%s1 yo c:s ss s'Rn.oi aRs ahd q ,hs sG i5yssas d Pr s4is,.
insls. THY car. md i to a a verne tno !arSs extent do,
tn'tcste i9eir children ontsld q tho public schools.
deurnI Uc IL hand. people % moderate means
IISopptn"r very ihrS' 3 uDOn the Government Tor
tons to- sJhv nr n a. nan!eG. These latter considera.
!hasr involved in This bi.. and tLey arc alluded |
Il, ,brnn Y , ph!y heca"so he 'enGencyi Is growing 10
question. s'o ''"' P""'
this \ III rs i5 been urged before me. in opposition TO
"tGSG II becomes law. This Is danger which
dor say mo' hayt YAe slightest hesitation in en- ,
r rch S S,io be fairly iniosed, even though the
benr insir E Sn 10 leave the State rather than
ppfF S eriyeS act IL equitable before We face the risk
my nuJoihillg commemorative.
:" have alrendy received srbstontial bene-