Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1906-08-23

the tax on my farm between you and
me fthe mortgagor and the mOrtgagee)
II will set your list over IN Chelsea
where YOU DO not reside, and merely
shift the burden on to Mr.. A as he
would have your children to educate
and ali other town expenses 70 p y
alone. which would be twice what he
ought to pay, or like "donble taxation
aoain. ii we adopt the Clement plan,
which exempts all money AZ per cent
or less, Mr.. A would have all the taxes
TO pay. the same as dividing the tax,
but | should get my money at ! per
cent. if YOU and | could make such a
trade. keep in m nd that il IS left
with YOU and me 10 "eyen II mp" and
it is lett to you to report to the listers
that we have done SOL II we cannot
seven it up the law does not help
me any, but would make il worse than
the present law, as il would allow me
no deduction from my personality, If |
had any. (ln this Illustration | had
none.)
This law wond blot from the inven-
tory of the debtor the statement whom
he was owing, and how much, and
where the creditor lived, and make II
safer for the creditor TO perure him
self. and less likely 10 get into states
prison, ;han the present law, (and
that, | suppose, is why the plan was
ever invented,) and utterly tail to
equalize taxation. Dividing the tax
between the mortgagor and MORTGAGE
would make it impossible for young
man 10 buy a farm or a home in town
heavily in debt and heavily taxed, and
| loan money on mortgage the place,
unless he paid high rate Of interest
or paid all Of the taxes, and il would
open a new trade between the two, If a
mortgage was held on property in such
town when the law passed, and Ia
nearly all cases fan far short Of equal
izing taxation, aud both plans un-
Justly discriminate against mOrgagcd
real estate, and al real estate, by max
/ ing il the "basis OF taxation
Now, Mr. Editor. shall we allow this
deduction from the taxable estate
instead OF the personal estate.
when it Is a mathematical certainty
that il is the only possible way 10
eQualize taxation in all cases, treat All
| property alike and discriminate
against none set the wealth OF each
taxpayer IN the list where it belongs
and set the wealth thar Is contained
within the limits of each county, town.
village, fire and school district In the
list in such town or district. and en-
courage young men 20 buy farms and
homes in Vermont, and induce others
10 come into the state and settle Or
shall we cling 70 this bigoled eonserya-
tism and keep on making real estate
the basis Of taxation and fine all Young
men that buy Ii, with q double tax and
haggle over the matter eternally
But many will rise MP and say, "If
we reduce the grand list OF the small
towns and DO uat make the poor men
| pay more than their share OF hc taxes.
/ DC viii drive all the rich men INTO the
large towns II that is 81, Nh Editor.
then why not make the poor men la
all the small towns pay al he taxes
and keep them IN those towns for that
purpose, and ine or implis0n them II
linry try 10 leave before Il becomes a
large. thriving town. tkeep In mind.
again, that TO reduce the grand list oil
the small, heavily mort gagged towns
Cqullzas the burden between towns
the same rs to reduce the grand list 81
the moHgagor equalizes the burden
between JaXPayers.)
Respectfully.
D y BAcoN.
Caelsca, VT, Aug. l4. 1906.