The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1907-01-13

.N AilMNI'lip regrets AIr. IyINUt-
tors yu' iu .n. constitutional euu,,u.
tIun upon the report OF the com.
mtJse ou Federal Relations uroIu-
ing for tine adoption of q resolution
Congress To amend tuo
federal constitution. $50 as to permit
the regulation and levy pf an income
and inheritance tax hy Congress Mr..
Ledbettor opposed &c. The Supreme
Court once dcclaigd the question uf
income tax unconstitutional II is
probable that the law viii again be
laid before the court II is not
the same court now that a. was when
90 divided evenly ON the question of
It's ConstitutiOnalty Then a Judge
changed sides and the law was killed.
That may happen again. hut It is not
certain that 70 will The very hesita.
ton Of the court 10 declare 10 uncon.
stltutiOual, and the fact that the
court was equally divided will tempt
men To pass another law taxing in.
comes. We are merely expressing a
regret and attribute to Mr.. Ledbctter
tine courage Of his conviction i'm on
posing what We believe will prove a
popular system OF taxation, once in
operation.
President Roosevelt recommended
In his message that Congress pass
laws proposing taxes on incomes and
inheritances. The president would
hardly have spoken OF the tax il he
had not intended to push Il through.
There is nothing particularly expert.
mental or even radical I'm President
Roosevelts recommendation. Both
plans have been tried successfully In
foreign countries; and one of them
was put into successful operation ten.
porarily in the United States.
Great Britain has had considerable
experience with both income and m
horitance taxes. It's income 'ay has
been in operation for nDra than ff
teen years, and during the year 1905
the revenue derived from this source
amounted to nearly slG0,O00,OO0. A
smiling TO the pound or about 25
cents out ot every s., Is the basis of
the English act The law Is quite
popular with the masses Of the people.
resulting as It does. in making the
rich man pay proportiunatc share of
IN" taxes, Instead of the more com.
mon practice OF burdcuing the poor
man with the greater proportion
Of IL.
The English tax gathcrcrs returns
show that there are some swollen for
tunes In King Edwards domain. In
1903 incomes amounting to a quarter
ui million of dollars and over were
reported by nine. 'ru individuals. ni..
hundred and thirteen firms and sew.
en- hundred and ninety -four CORPORA.
lions Incomes amounting To 100000
io 100000 were reported by two hun.
drod and nineteen individuals. 1912
firms and 2,5iU corporations.
All whose incomes are $500 a wear
or less are exempted from the lu
come tax. The amount in Great
britain thus exempted is 5O.5iO372
pounds. The income Of funds de.
voted TO charitable purposes is like. .
wise exempt and incomes amounting
io 100000 OOu escape taxation unier .
this head. Anuth r exemption g. in.
surancc.
According to the British tax returns.
there are about zoo Acknowledged /
mllliunaires In the kingdom. The .
richest Englishmau Is the Duke OF .
Westminster who owned TO an estate .
10 5000 600 .UOu Lord In. /
deagh acknowledges 10000 600. In I
the 10000 uuO class ,nr,, r,o ,,,,t,as
OF Dcvonshirc, BucCluth. Derby, Bed. |
ford and the Marquis of Butte.
The so.calIeG raotb t,y" os tho q,
hcritancc tav is called is Ho, Ill.
nyadcd. Death brinrs mn ,stoto, ',' jm,S .
probote II thrv orn nf am, 80 , anJ
here the povorpro,t octs i,s h"'5
rpon tho assots and t,i7es , sbarn ,,.
the state This inheritance tay is
rated according tn IN, d., 80 ,.l
nf tho r,n,ln ,,.b, -,
unJ.r mo win nr st,,,to o., ,.'I,
.iy,s nav , s,p,ir., r,,. l,,,,' ii.,,',
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