The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1916-12-11

corporation Incense ldN. HS p"i'N''
who pays an income tax pays 1t after
the banking corporation has paid al
yarlorem taxes and the license fee
required by the State Banking De-
partment. The oil, asphalt, lead ana
zinc producers pay this income tax
after they have paid tax from one
half of one per cent. to three per
cent upon their production during the
wear quarterly. The farmer whose
income is sufficient to make nm
! taxable income has, before he is re
ouired to pay an income tax paid a
tax upon his real estate and all his
personal property which is used III
producing this taxable income. Con
/ spoueutlv. we find a very few in
stances where an income tax Is pald
that other state taxes have not been
paid upon the properties produclnN
these incomes or upon the incomes
themselves. This being the case
State Income Tax amounts practical
" TO double taxation. | do not
believe it was the intention OF our
lawmakers to pass any law that
meant double taxation, and am CON
fident that If in the wisdom of the
coming Legislature they decide that
an income tax should be kept upon
tho Statutes some amendments re
lieying the tax payer of double tax
alton should be made to our present
Statute.
"TaXation and tax rates have a
great bearing on the building up Of
the commercial, business and farming
interests of a state My observation
has been that the present state IN
come Tax Law is an injury instead
of a benefit to the State of Oklahoma
for the reason that at the present
ti,a very few states in the union
. have state Income Tax Law, and
, believe our income law has resulted
, in a considerable amount of money
being invested in states not havins
this law that under other conditions
would have been invested IN th'
state of Oklahoma. Oklahoma is
Young state, and needs to have all th'
capital produced in this state, and al
that can be invited to come int th'
state. invested here for the purpose
Of developing our natural resources
building up our commercial Interests
and enlarging our agricultural IN
dustry. and believe that any barrie
: we may find to exist should he r.
moved. Il am also confident tha
where Objectionable tax laws, such a
has the state Income Tax Law beer
= were removed, in a very short TIM
= added investments in permanent Oh
:, iIahoma properties would bring to IN
state a very much larger sum in take
than is the present Income Tax Law
As matter-of-fact We collected III
der this law last year about S2ll
. OOO. .OOO. 1t would only take con
paratiyely small amount of propert
upon an ad valorem basis to produc
this amount of money in taxes an
:. II would be permanent, and not onl
= make our taxable valuations perm
= nent. but help to advance Oklahom
:. in every way. II We had not collec
:. ed any income tax during the pa
wear. it would not have been nece
- sary for us to make our levy for II
fiscal year 1916 any larger than
-. was.
:. a state Income Tax has so II
not proven success in any state
!. tfc union eNcep; the one that Is
:, effect in the state OF Wisconsin, al
=, in this case il takes the place OF
personal property tax. This, ! I
= ilioye, to be step forward in q
matter & taxation. but so long
:, Oklahoma has a real property tax,
- personal property tax. and ono
\ two systems of excise taxes.
| mot believe she is in a position
| claim the right 70 the collection
% state Income Tax. but IL she de-
4 there IS one thing certain. and ii
| lis the rates and exemptions shoJ
| Tho revised