The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-01-15
Revenue and T axation.

II is apparent from ttr foregoing state
mcnt that the sn1ost important mater
that will engage your attention during
tho present session is the question OF
revenue. For This subject / bespeak
your most thoughtful consideration.
| Under our system the state depends
taxation that conrsnpates uniform
and equal rate of assessment and taxa
ton on all property, In the state. with
certain exemptions. secoriing 10 It's value
10 tho value OF his. Scr o. its property.
In every eXccutivelmesiage to tho leg
fslaturc sIuce statehood attention has
been called TO the inate9uacy of our
laws and the ia1itvlin tlcir application
in efCectiDg throughout tho state uni-
form and equal taTanon n proportion 70
the value OF individual and corporate
holdings. Special stitss was laid upon
this subject two ycaI3 aSp by the board
OF equalization IN ts.bienhisl report ana
the matter Was strongly urged upon the
legislature an ohleet wprthy It's care
ful consideration. Tho LEGISLATURE inves-
tisated the subject Thoroughly and. con-
curling in the recoituaondations made
MS afrordinG the nctrssaiy means Tor
caualzng the tax burden, passed the re-
Equired resolution for Submitting the pro
posed amendments uH the vote OF iho
people. providing IN ;lhe meantime for
and taxation TO be appointed by The
governor, which commission wes charged
with the duty OF Investigating tho rcyc-
nue. aud taxation system in ,J'Iis state
and In toe various stntes Of tho union,
INCLUDING the reports - expert tax com
plissloners, and reporhiE TO the leglsIa-
turo OF 1915 with IFS recommendations
for adoption in this stale.
Through n campaign OF peryersl2n,
misrepresentation and sslr-lntcrest on the
part OF certain individuals and corporate
the amendments j certainty mat ,ney
would be brought to bcar ap equal nrr-
den OF the TAXATION Of .ti2 state, the pro
possls were lost md sShe Qom Inc ,tI,i 9dc
report OF tbe. state. boagG Of revenue and
tasatiou, which, u, sgIGusly limited he
cause of the defeat Of INC amendments
upon tho adoption OF Which was based
you find yourselves very much In the
Same position 10 Which previous leSisla-
iectIv coenlzant or the iaot that Unequal
,tys 81 not rank iptuSt'cs perioeAtFs our
taxation system: withoG tho pow4.r 90
do what Is universally rEioo6ni5ed should
who are overtsNed and face ia face with
the problem OF making a 81 bill meet
Leo necessity without placing An add
| tional burden on the individual who pro-
, Here is one Of the iniQuitics OF our
taxation system. 10. a u1llsnfJl; Jones mas
$500. purchases a loi tor <1uoo borrcwe
| $500 and cfccis $3Ont' home. Comes
| then tho assessor and C,.ss tho value or
| house apd lot Tor asselduent purposes
| at 30 per cent oC its actual value, OF
| $500 The assessor stcrs inside ana as
| sessee the households furniture (that i3
lperchance being p'iuchased on the IN
stsllmeDt pian) 2t $500. and Jones psyF
| at lovy rate varying from % Ia 90 mills,
| according TO his loci ton IN the slate.
T, The man who oTTls tho Mortgage has a
| first lien OH Ioucsg property for one
| half SIS total value. Lnd9r Tie ccusiitu-
/ lion tho mort IA gees equity IS non taxa.
! I.1t L. SgSgs,E1 al the nCfDSl
! cash value OF his equity sud brsrs tho
entire burden OF taxation beceuec no
fulfiIs ono Of tho il>ghstt civic obhga,
| tions and livss up 10 a oecont standard
/ OF American citizenship ~ Improving his
! holdings Brown has sf5fo: Invests 1t
| In iive shares Of corporate stock OF the
| ~ $500. For every dollar llc pays for
| that stock the corporation ilas 2 I least II
dollar IN Sils-edgc security IL the cor
poration happens 20 be eapitsltzed for
| si6o 600. it has $500. 900 IN assets To bring
I,tho market price. There are certain
| financial corporations in which he could
invest which hold among their assets
| p,irposes, valued at Se0.onl. and stocks
and bonds valued OF $4,000 Cha nces are
J vou will Ind the real estate listed in the
| statement OF the institution at a ri6!cu-
lously low agUrc 0nd tlW SllopO0 In
\ stocks and bonds carried q. par and nor
| neIketS value, When tho <tatculents CT
\ such a,orparn lions arc nied, tor aSsoss-
| r,cnt purposes. however, You viii nnd
| olpiuled as IN offset to thr CAPITAL OF
slG0 oO0 about $4,000 dcJtc,ed Tor real
estate after which Il fur,2cr reduction
d or about 20 per cent Ii m9le by ti,c as
| SCISSOR sprcsaina bIv 10 MAKE The Jsscss-
! mont u;iifowr WITH 'otLer tptopeity, the
! reaiiction D.ing made on f,5i deroncous
lassunlpfion fhat "a eorreys sst u&n ~
tv;,Iucs' l,as, bcgn made. 50 tieIf N Ns1a, =
4, i,ooe il left for asscFsmc'if Durpl (. ",
Inne-IwciftJf tiie actual .salaept "a SociL
I ynd in tho mopntine Brown s9raj Svl-
tdends ahd the conpary paSS 10 ~,