The Mena weekly star., 1906-12-06

for in ao,ne way to his belief In tha necessity for the curpisB uA ao hv nous fortunes, and ne has hoth tn ,raaacconrnendfng Legislation for poln m Ll ls.,,i and an jnherltanc% tax. lie De- lieves the government shouln iii,pusv it ,,rssil yraduafed Inheritance tax, ah1, Ir II as,s pvss' bie 2 graduated Income tax lie saSis. ,si sn3 well aware that such supJSSt z. ttia needs long and careful stuuy n' order that the people may peeoile M Snna jar with what IS proposssu ppsst 'o of nroceed, irg with wisdom and self-restr V aiia m nav make up their minds Just nom ny, 4.ar. la. they are willing to so ota,s l ' can work n,,t tbe proiect in necessary detail- Du' [ feel that in the near future our n.,e..tn- nas,n al legislators should enact q iaw e tao bv Sne, For a graduated inheritance tsx " witch a steadily increasing rate ol uuy shouid be put upon all moneys ul Vltio, o, yaiuabies coming by git, es,enrst pedue5,,t ion g Sevige to any individual oI%corpoi M It nsayy be well to make the tax heaHy in nroportion as the individual neneii.eu As. ia remote of kin. In any event. nl ,ii5 niS judgment the pro aIu rnta Ditb Ui h." the increase of the amount left to any one ihuis Isad after a certain point has psen th,,st It Is most desirable 70 e,lco.ui ess',rce of thriff ard ambition Is the uesire on ss, su" nart of the brcadwinner to leave nis Vni.1 ina dren well of This object can pc aroai1syu ,,e,dnr. hv nakinr the tux very small on ihoucl- ata annofints of property letti pecausS tbe nrime object should be to put con sfantIv increasing burden on the iiltlui mn, Itance of those swollen ioItunc9 mn,1n ~ if ia certafnly of no benefit to thls coun- try to perpetuate. =, .ba atb- teal proprety of the governn,env which any ,ift or inheritance should De reeeiNeu. Exactly how far the innerithhesss 'as z : would, as an incident, nave tne 9auiss or. limiting the transmission by deVlse en ~ gift of the enormous fortunes Tn queslioll it is not necessary al present to ,.ctson aiscuSa It is wise that progress n tIlls VI. shonld be gradual At first permanen,.s i. nafionaI inheritance tax, While IL ihisht he more substantial than any such eaA q, has hitherto been, need not approNlissis..tse, .s' either in amount or in the extent ol sie M ,,creasa hy graduation, to what such tax should ultimately be-
 Inheritance Tax constitutional. "-rhis species of tax has again and again been imposed. altho only temporariiy, ,rs, os 1 the national government; II was M hrss | t1nnosea by the act of July {, l1gI, when the makers of the Constitution Were 1 alive ard at the head of aldalrs ',,,,,,, at was graduated tax; tho small in amount, the rate was increased with the amount I left 10 any individual, exceptions beihs made in the case of certain close Kln' ., v | similar tax was again lmpostu Dy el. | act of Iuly | 1882 minimum sum ol s1 00o in personal property being eAcepteu 1 from, taxation, the tax then pecoinlnt | nrorressiye according to the remotehess nf Kin. The war-revenne act or June is
 1898. provided for an inheritance tax s,o ooa 1l | any sum exceeding the value oi siu,Syo
 s eh ,.afa of tax increasing both in accord. ance sarS with the amounts left and in ac- cordance with the legatse's resn91enss, nald ,Ss, of kin. The supreme ,,re1ea 9ouas "af at the time of ete ,be @ civil War was not a direct tax but an M impose of excise which was both c9n, ,h. ..s.t in an opinion delivered by Mir Iustise White. which contained an ex- ceedingly able and elaborate disrnsslor I of the powers Of the congress to impose l death duties sustained the consttution' sIifv of the inheritance tax feature of the 1 war-revenue act of lAss.