Crittenden record-press. [volume] (Marion, Ky.) 1909-191?, 1911-01-26

=, ,
credit IL 1t could not float its bonds NJ
per cent or less. Inc inevitaole resui,
of these changing conditions-with tht
tax rate going higher ana the yield IRON
TINS elias. OF properly gong low S,,,a az
been that the owners OF TINS kina o.
property VIII not ist IL Tor taNatlon WheI
the tax rate takes anywhere from 40 to
20 per cent or the income yielded by INA,
property. therefore more ana more VI
TINS Kind OF properly mas gone INTO mo
ing and though such properly forms CIV,
cry year larger part Oh our tosa'
M'nith. II Yields steadily snailer PR
portion OF the total revenue ana IN.
burden OF supporting me sonerI , zen
falis more aud more heavily upon rea,
estate ana oihsr forms "f property 'ha'
can not be hidden.
ihe evils att'h"ing II 'N' resuijlhD III.
u, that the ~ ION j. " 50 IN Nen, ICY ny
ne eEll mas b'cn '"rFEc'eu "tse" ~ H., e,
!, C"H h' o''f'r' II M. ne o.'.tS N we
tnioA are rapidly abandonliE tA's VS.
tym. NJ s'd'r mas ever succpcut' III Nv
NlSlnA " system OF l"n1it!eS anI ",,a9esl
, w ,,,rI ~ r C'u,' ~ and
'c 10 faxed WI, D. saN ia,r ain1u, ;
- c'hlscatlon "t go large part OF NV
i'c'Hl,; y
Now L.. us look "a. she situation in
Ken,ucllv Tb, sta, tax Is % cents.
Th,rc Won h.., a'....y a tax rate quite
rs high as SIr,r clss',s uf property can
St1HI. IsGf tF NOT Stnn inf+E-.
I'rG.r GUY law on :ao ~ this Soc Mt
state fnN must b. NM the county tax.
which. taking the $40 over. VIII aver
agc not far from 81 cents This gives MS
a tax rate of 81. too h.gh for many. ard
the process of hiding gets we'll under
". 4, ,.., ...,, b.., y, ,or of this
s,,, - ~ "a r,,,. .r.r 80, cn,,ntv tox
-, 20 - IN ;,nn,s,1 n locnI
r..,.,, ~. ~ - 80 en- 5o ccrts 10
sIS "a 7',,,.i,,," bi,hrr and VII
-. - tn iIl :, ~ r,,O
NM. .,,,r. ,'n,,,r ','" is aljminated Inv
bi,1inc % ,,rj,r,,I,,,tior 1bn nverag.,
NV ,,t. f., ,itics and towns nf first. sec.
- MA f,nrtb .,d arm classes in
lI,rt,ct, IL mont e. 20 This amour, :
" 80 ~, n, - ,,a r.,turn from
,ov nov cant investment II amounts
rag, i,.,T, un,inr a. nor cent of the return
,o,, nj MI =, 20 ~ cart investment.
s,oh 49, .a :, ,,,,,,,,, =, ,aLcs near
Ia ~ 90, %, ~, ircnme Not rvcr
Tho wiIIo., oxtremrs, would prnpose an
~ ~ W, ", mo,
mh, a. W trv !" dollcct from SON, a
-, 80 n~or'',,, >. &c 100 ,,,,,cb n
exnect of weak hiln.n na.ure. II Is a
st,inid d,i1nce of eccnon,ic laws as we'll
&c ~ inyy ~ human notura yVh.n
anv ~ LIS wore .hnn ~ nor cent If
- ;,o',,,,, e., aU,. cinss 20 mon, ~
,i,',l.r,,,I,,.,.inn a,I c,',gjcr viii bnrin'
-Tbr Larger Tho norrnntore of income
f,is.r nv \ NV No ,r"9ter incentive 10
t,.,sin, urdaryainotior and neriurv in
49, a. .H,.,,s q w. hurSnn nntiI Won
~ s,,r,s,,. -,
- II q t''', ir,a, '''tb i-h 1oos 10.
HlI 80 80 az raya
- - .'''!' '''
"ue , 49,
we rave 'rieo " Nineteeh reSrs'
We fixed this system i'm the new con-
stitution nineteen years ago. Our intcn-
tinnS were good We lctcd with the best
N.ht We had AZ that time. Unfortunately.
however AT the time we adopted IT, the
system was being abandoned elsewhere
l. is not yielding sufficient revenue for a
progressive state. II hampers Industries
1t burdens the poor man. II drives capt.
tai out Of the state or into forms of in
vestment that do not promote business
activity and do not furnish employment
to labor and do not develop the resources
Of the state
II il a mistake to suppose that it IL the
rich man only. or chiefly. who has a
cause Of COMPLAINT against the preScn.
TAX system n4o rich nlbn cam 'i ag 6 Ghpe
self lie understands the tax laws. or II
he does not understand them himself, he
IS able to employ The best legal counsel
20 toll him how To so arrange his invest
mcnts a. to he in safe position when
the assessment time rolls around. If al
else fails he can move out Of the state.
He Is smart enough Go put the greater
part of his estate in forms of prop"'
that he can easily conceal from tho as
SCISSOR. The poor man can not do these
things II he has been fortunate and
thrifty enough to save anything at all
generally it urst takes the form of "a
"a. .