Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-03-31

Dor sits in stupor or whleS away
the time In idle pleasure should al
ways II progress H. desired. know
That rewards are guaranteed. n
an income tax is tu continue as a
fixed policy there must he nmita
ton on the rate II classification is
permitted, or n may be retained
with the pruywp that The rate be ap-
piled TO all aiIhc without distiur
ton that ig. cut uui Tho graduated
feature. In any event tho liw
should never bee made the lnsttu.
ment Of destruction and oppression
In this day aud age when ever,
person Is afforded tho opportunity
To secure an education practically
without cost land such has been the
case Tor a generation. when trained
minds ana skilled artizhns are IN
such great demand Welding aud
catering 20 tho dcspicahlr so,iulis
tic demands Of cOnfisrution ana dI.
elimination against tho Industrious
can be characterized Rs nothing else
than moral cpWardirc r. ia COW.
ardire In the most ablcc' form for
any thinking person knows % H 90.
false and impractirablr duyit.u,
|
terinR by those In aulhurlty is mrf,.
~ shifting on to succcasnr. the pc.
Hponslhility or correcting such o,II.
Law Drastic.
This excess profits tax. imposed ON
those tonlyI who have % ypcutipu li|
drastic In the extreme. not only chat
but Its provisions are su vague. con.
pleS and cumbersome that We are tu
the dark in our efforts 10 comply
with H. II should hc recognized onl,
aA war measure No Justification
or color should be gwen Il In ans
other light
Tax Not Confined tn War Prufit.
As finally enacted the law entirely
departs from the principle of taxa
tlOn on war profits Excess profits
iT misnOmer which probably had
It's origin In The original intention To-
tax only the excessive profits derived
hy conceons by reason ~ the war.
As interpreted, II has no peculiar au.
pIlchtlon to war profits but In many
Instances hits tho industry hardest
which IN least benefited by the war
" IN tax imposed on all trndcs nnd
businesses, including professions and
occupations other than certain cor
porations partnerships and indiyid. /
nails exempted The exemptions cN-
END 10 elcemosynaTy. charitable ard !
municipal Institutions and 10 nor. |
'ons engaged In similar work ana an |
'Hlcers and employees under the |
nited states or any state or terri.
ory or the District of Columbia or |
my local subdivision thereof. And |
Incomes derived from life. health /
ma accident insurance issued on the |
'eekiS payment plan are also eN-
mpt
Recognizing It as an rXpcdiont al.
hough unsa tlsfHctOry ms IL IL. every
Hort should nevertheless be made
. meet It's requirements For .hoine
war, we cannot wait money mhst
G raised In the manner prescribed so
hat every plan OF tho army and navy
ray be carried forward To a aucCesa.
~ conclusion. our domestic poll-
les can be determined after our
'reign foes are overcome. We would
Hupine and weak though shoNdl
g not voice our diShpproyal OF this
letbod OF legislation.
scope Of the icVyinR Clause
section IOl, which is tho lcyNlnu
ause, reads that In addition to tho {
'Nea under existing law and under :
1is act there shall he levied as =
'sscd, collected and paid for each ,
iShhle year upon tho income OF {
very corporation, partnership or in. '
Ninuhll lax equal |
certain percentages ot tho not in {
ome for the taxable year.
! shall refer to these rates later {
ach corporation and partncrship |
ithin the purview OF this act no /
'atter what tho scope OF it's dealings
hall he treated as having a single
'ade or business and all It's income \
'om whatever source derived ahau d
subject to such levy, after the AL. ,
.wancc OF the specific deduction OF 1
1000 To II corporation and So 900 10 I
partnership and other deductions I
Iecitied In tho act And all taNer !
hyable shall be under one classified
on, that is all subject to the nomt. {
'l capital \ per cent rate or under =
10 gfa5uated percentage rates. N I
10 principal income is from nor. /
nal or professional services tho X {
'r cent rate sNppllos. II from husi. 7
'ss emplowzaK capital or usually g
nploying capital the graduated u
ties apply This rule does not oh. r
In however with referpngp Ia ,,, I