The Blackfoot optimist. [volume] (Blackfoot, Idaho) 1907-1918, 1912-01-18

Palace Drug Store.
degree than a proper exemption from
taxation Of such homes. The amount
Of the exemption cuts but small figure
in. comparison with the principal in
yolved The correctness of that prin-
cipal l strongly urge upon you; the
amount exempted should be finally de-
termined after full and careful consid-
eration.
"SecCrd, the household furniture
musical instruments and jewelry in ac-
tual use is exempted.
"rtcse are proper subjects for ex-
emption in my judgment as no income
can he had from them, they are not
bought and retained for speculation
and their exemption will mean in man
cases the acquisition of comforts and
conveniences that would not be in
dulged in if their ownership and use
was accompanied by the payment of
taxes ON their value.
4 Third besides growing crops, fruit
and nut bearing trees are exempt for
foul years from the time of their plant
j ing in orchard form and grape vines
: for three years after planting as vine
, yards.
o "These, I believe are proper subjects
5 of exemption. While the value of sucl
| M
5 of the |; nds upon which planted, ii
: must be remembered that no income is
:. produced from the orchard or vineyard
l during the time for which exempted
: imposed upon the owner while waiting
the time for returns. Besides the value
of the trees and vines can never be
e successfully determined until the bear
g ing time begins. especially urge up
d on you the adoption of this idea ant
S believe it will vastly add to the orch
ard and vineyard areas of the state.
Q Exemptions Of Money
= "The most radical change in our ex
u emption system is proposed by subdi
$ vision ~ OF section a. which provide!
70 for exemptions of money, evidence o
D. iLdebtness and accounts. Upol
Y principal ] should oppose this chang,
1t were it net for the fact that we have
% tried for nearly so years to reach thes
st things for taxation purposes and la
mentally failed in so doing. Practical
all the taxes paid by owners of thi
is class Of property now comes from
l. those who are not dealers in money
I'd Those who possess such property II
E. large amounts invariably escape taxa
y ton. There are many ways by whicl
n such persons can evade assessment
n thereon and cannot conceive any wa
y by which this class of property in tn
IS main can be successfully reached. Tr,
Of system might be devised under whit
lg banks might be compelled to disclos
in the names of depositors, but such
le- system would only cripple the bankin
le business by causing withdrawal of Gt
rs posits. Much CT the money would
CO sent out Of the state, thus causin
in great injury to all our people, and W
re would not finally be gamer of an
n greatly increased amout from thi
" source. il is the part of wisdom the
on in my opinion to make virtue out
m the necessity and by entirely exemp
oil ing money, credits and evidences of il
ng debtednegs, invite capital to cur stat
i'll aad thus reap real benefit.
Full Cash Value
"rhe full cash value sysem is mai
by tanned under the provisions of the pr
he posed revenue law as the basis for a
w. sessment This urge, should be don
Use It is impossible to equalize taxation |
lid der any other system. Only by asses
,n- ing all taxable property at its re
on value can the curse CT high tax rat
vi lie avoided. To the intending settl
ed and to the prospective investor do
high property values and low tax rat
most strenuously appeal. In MAJ
lue states where tax reform has been ms
thy leading issue this idea has been s'
ost cessfully carried out, and the resu
ant have been uniformly satisfactory.
have he assessment roll of our gre
nts state less in amount than the roll
by some third class cities of the old
states, as it has been for years, is
is reproach 10 Idaho and lessons @
re- chances both to develop cur resourS
ssh and increase our population.
en- TO urge, as has been repeated
mes, done during the past year, that an
tier crease in our assessment rolls mea