The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-14
|. n. SELIGMAN FOR
WIDE INCOME TAX
Banker Tells Mills Committee
1t Should Supersede Per-
sOnal Property Plan.
LATTER IDEA DEFENDED


I'll. ,erso,a, p,onertv tax which as
- a. - .u..... ,.x ,..
p~' '"s e" p'op''" ''
been kicked and CURED around ike v
homeless beggar since senator ogden l..
Mills and bls associates care here to
Investigate the system OF taxation that
mas yielded such poor results In city ana
state, disclosed itself yesterday as being
not without friends an we'll AZ detractors.
Th... a.,.ra... ~ ,,am ,,rm.,
o'a'e Inn Sonh'N'ssiohsT anu '"s "'"ei
q former Deputy Tax Commissioner or
New York city. said that they believed
49,, "a. ,.,.o,., ,r,,.,. 80 l.. ,.,
" :. ~ 'op'
s"'h u oao revenue se''er !" f"'ho'p'e'
but that II had failed because no serious
a,tsmn, aver had been made ia ~epforc.
4. =. -. - -. ,,,.,, M
" u" " N'N'"s "" " ""e
u were constantly striSihS 10 make u
rMleuious.
IN the otner hahu' Isaac ~ Sehsiiah'
whose banking experience enables MIN
10 speak WIN autnority on the quest'oh'
Joined those VINO nave been ~denouncing
tue persona, property TAX az "a large anu
"A irauu. lie sara that IL was useless as
Ties, IN mat IL muitipies the descend
anus OF Ahahihs AT tne EXPENSE Oh the
regions Oh ciuzehs wHo are o'hei wise
hohest ana law apiuihs' AS d supstl-
tute ne onereu an income TAX tnat ~ou'u
reach the pocket OF every c'''zen VINO
makes sl'oVV u year
The imposition OF the personal prop
| arty flx-I call ~ tmnnaitinn In hnth
senses OF the word-has had a curious
effect Oh some citizens OF New York. A
number of my wealthy business friends
who own summer homes I'm Morristown,
Tuxedo, Long Branch, Yonkers and
Southampton--gentlemen of high char
acter, distinguished for civic work, bust
ness success and philanthropy and who
live In this city In winter-have declared
their intention Of becoming residents Of
their summer locality. They nave thus
literally been driven from this city be-
cause they were unwilling to swear
falsely and also unwilling TO return the
entire amount OF their personal property
10 the tax Office.
are prepared 10 pay their fair share I'm
comparison with the off'ciai returns OF the
very wealthy put they are apsoiu'e'y
opposed 10 apidins Dy the haphaxaru
,ackins up OF their personal assessments
oy ths Tax COMMISSION ana 10 PAYING a
hisher lax ~ their "eai'hier trlehus'
! am referring 10 actual iacts. n I'M
!, less this TAX IS aboIished this unhappy
situatioh. win us consequent loss III
revenue 10 Ne" iork' VIII oecohie yer!
acute
: NO taA can oe ueNiseu 'nat VIII ever
, DE popular but II seems 10 me n great
step onward wouiu De taken by I'M
hnslnX an rnIn a fhR Gn M
; Which wouiu DE uiviueo equitaoly pe-
tween the state and his city. There
wouiu oe hotnihk rauicai VI su'h "A TAX
IL IL sane ana reasohaple' I nave con-
ierred WIN many OF my business friends
~ BANNING cohiinerclai ana INDUSTRIAL
i'"es' ana there appeafs 10 De Il gen
erai OPINION tha' the apoii'ioh OF me
persohai Proper'y TAX anu tne supsu-
'u'ioh "ia" iieonhe 'aA ~ou'u NC p'ei'
erao'o' " snouau DC le'ieo oh al III
! comes aooNe si'ooV at 'he ra'e OF pei
, cent OF u rave graduated from / 10 :
! per cent such d lax BASED on the FED
: era, '"oo'he 'aA re'u,nS' wou'u piopao's
yieiu u revenue vi ABOUT s'o'""u'"""'
pe'en"s 'ersonS' isA.
Thomas +. Larkin, formerly a peput,
Tan Commissioned in Brooklyn. tool
issu. with Mr.. Seliyman and other.
' who have been combating the persona
! tax. lie asserted that il could be en-
' forced II a decent effort were made une
u that IL would then take it's place witt
e the tax on real estate as the chief sourc,
> of revenue for city and State.
Mr.. I.arkin advocated a very low rat,
l Of tax on personal property and the m
, position of "A heavy penalty for failur,
= 10 make "A full return. He would hav,
I every householder make his own return
y ~ a..l l.. lt....l 49,, 5000. ...,r..