The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-04

| smaller amounts than usual in the
city, while other parts OF the State
have seen more nearly even returns.
Perhaps It is not TOO much to say
that New York city under ordinary
conditions, with building al normal
volume, will present To the State so
per cent. Of It's total income from tho
taxation Of mortgages. But It follows
that under such conditions 80 per cent
Of the lending on mortgage in the
State IL done within the city limits.
Last yesr only eight counties outside
Of the city turned In amounts OF sl5,-
900 or more from mortgage taxation.
while New York county gave over
S577, o64.
All the money taken in IN the IL
cemsing Of motor vehicles goes to tho
State, and here again IL Ia a popular
belief that the city would fare better
II Il were permitted to retain all the
money thus derived and then PAID q
direct TAI In proportion to the assessed
value Of IT. real estate. But once
moro the figures show that New York
city has . slight advantage under the
present system. OF q total tax Of &l,-
$50 .862 paid into the State Treasury
lest year the flve boroughs Of Creator
New York gave . little less than IS
Der cent There were b4,234 motor
vehicles In To CITY. which paid .
toeal tai Of @672. So<. Manhattan. or
NAw York county. led the list. with
9S<6, $50. and Kinss county was next.
with olB2,bS2 but tho third. fourth
and NTH counties in order were Erie.
With )lia.ss3; Weetchester with
e3O,oS0, and Monroe. with $7b,011.
Even Nassau county paid in a greater
motor car tax than did The Bronx or
Queens.
Tho corporation tax. which last year
Yielded u $4,000 to the State in reve-
nues = perhaps the most elusive. II
10 the ono tax hardest TO apportion and
to traoa A large part Of the amount
10 derived frsm taxes on life insur-
ance premiums, paid by the companies
In the localities In which the business
10 done. OF course the insured pays
the tAx - part Of his premium. At a
glance n would seem that since tho
great volume OF irs,iring Is done IN
New York city the city would pay
proportionate amount Of the tax:
but much Of the business written in
ths city pertains to d'stan. parts OF
tho State 90 that for purposes OF
comparison figures are useless.
Taxes on new companies formed
constitute the smallest single source Of
state revenue from indirect taxation.
and here again figures show nothing
Of what proportion of the total New
York city pays. for the tax being paid
principally in Albany county that part
would seem to be paving most, while
az a matter OF fact New York city
might have a decided majority OF all
tho corporations formed.
For the purpose OF finding what per
cent. OF a direct tax levy each county
shall pay the State works on; rather
complicated system which makes this
city shoulder the burden Of just a
shade lees than 70 per cent. OF tho
total expenses OF the State govern
ment. Some basis OF equalization Of
assessments in various counties II
necessary. for New York city IL rated
by the 6tate as assessed al 81 per cent
OF It's value, while Clinton county. for
instance. II assessed at only 80 per
cent. OF It's value. sullivan at only 46
per cent and Warren at 80. with al
other counties assessed at lower rates
than New York city. To equal'ze all
the assessments that IL, TO make them
all bear the same percentage 70 true
value-sums are added or subtracted
from the values hxed by local an
SCISSORS But with all the pairing that
has been dore to New York city coun-
ties. and with the many millions that
have been added to values in other
counties. New York cannot dodge its
position as first city OF the land for