Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-01-13

Il prohibition goes into effect.
II The people of Virginia hn,In;s dc
scvcnths may he eventually eliminated.
/ either by reaching a plan Of com lctc
j segregation or nv sim further mini
I MIXING the alrc.ily negligible incauai-
I ties which could arise between the geo
tons in the application Of whatever
state tax may continue to rnst on rea.
estate and tangible personal property.
RtTt: or TAXATION
UNDER SEGREGATION PLAN
! Having gone thus far. the only re-
manning question was ms 10 what rate
should he applied by the state to the
/ subjects segregated 20 her. II was
manifest that the combined State and
I local rates, aupii cable alike to ali class
/ cs Of taxable property, constituted n
! burden much heavier when applied to
+ Intangible property. which assesses it
self AT face value, than on other classes
OF property such rs real estate and
tangible personal property. all az
which was conf"rSed!y undcrasscssad
more or less. 1t therefore became nee
! cssfry. ns matter Of justice. To liuE,
the rate on intangible property 10 such
figure az would give 10 II an al
\ vantage IN rate corresponding. and
equal to the advantage in assessment
enjoyed by owners OF other classes of
+ property.
nco' ~ ~" rate on ever class
- ne property was Substantial
4 = '""tEe"' son: 81 IL TO one-eiGhth
and the great rrik OF Il TO about one
/ half Of the OH rate The new tax
laws imposed 40 ncw tax. as some
rronnr,y. ~, 49,. e1. ,,,, o'' ,oIe
+ posing a ,,x an ,bis cl.s. ~ n"r,,,,,,
Is as old Is the Commonwealth ;,sclf
Z The new tax law st,nn,,. reduced no
rate OF taxation on intangible nron.
I erty
M sIuro,S n,,,,c,,,n
~, ..,,' ~
~
y" serious ohJcctlon was heard in
any quarter TO ~" fairness and justice
Oh these fedn2ed rates The gave
: heedea r"!iei 10 estates In the hands OF
courts ana hduci1ri"s held for the ben
~, % WIDOWS ahc orphans, and which.
! oe'ne accessible !" taxing officers. were
Fe'nrhea IN inii ~ face value and thus
maze 10 ocar 2 rate or taxation made
UNNECESSARILY AlEh, not only ny the cs-
csPc OF Pr"peFtf OF the same class III
more favored hands. but by the under
assessment "' p-operfE OF other classes
I - "hS 'hoNsa'' 700, aud freely pre-
4 Hiclea. mat Inc relief afforded would
+ invite ruler disclosures and largely in
7
! The law carried, however. certain pro-
visions for the discovery Of such tax
all" property rs was not voluntarily
/ returned by the holder or owner.
4 larr" amount 81 taxable values has
i hcch brought on; and put on the tax
i DOCKS, ana iaf-e amount X Thought
to exist which has not vet been located.
: ItRINcS IN IIITIIT.RTO
USTtNED pRorEI,rY
r1,r,r- ,,,,ru,,,od 80. ,
,.nich ~, hrn,,,,,, ME -
sums Of hitherto un,axca properly to
the great relief oc tho average tox
( payer. tho question is. shall the people
/ of the state Se cheated out Of their
4 long DELAYED advantage by the hue and
| cry raised hy interested parties AGAINST
I the methods necessary to reach and
I maintain substantial results? Shall the
people surrender the advantage already
7 achieved and To ne achieved hy Il sys-
! TEN Of wholcsalc exemptions or fur
/ thcr reductions OF rate, on taxable wall
,:es. much Of which has never been
iherc,ofore ,axaI and against which *
NV ,ardiiv ASSERTED a lust and greatly
rc1,c,d rn,c - ,,yo.ionc
4 I, n,,s, MOI J.. forgotten that the
source. or roy.ruo scgr.roted ~ rho
c,n, -, to- - nos, ,or, ;,,.o,ribl.s
80 ,,.,, =; ,t.;, 80. ,,.,,,,ra d;,;
I 49,, :. ,o,,,. n,,l make ,r,ilah,c Tive
,nnr. serrou.,.inn az ,hcsc int,neihl.
NM" =. 80, ..r,s
49,. r.,,.n, - ,ra st,ta ,ra.e-
,,..;, 9, .,o.x,.r,onco
W :" ~: - 49,, 81. 80.
W ~ ''N'.t~ -
coihPaih s,.a,' ,,,,.aa
i ,he 'aN "ue RON ."es. i'.''' .D'',
lects mas ever On or ever "o"lu "e'
=. =. - i,,;i.aia,
Thn ,asi, =, 49,. ,nx.natrcrar in daal-
ling with this class of property is cs-
/ scntiolly one If discovery
n,nx
'"rfHS VIZ ~, ,.m ',
~
| If. therefore. the state is To derive
Its revenue so largely from intanEiblcs
! 1t must necessarily follow that the
! means of discovery already provided
| shall be maintained. and, If need be-
supplemented and strengthened. If the