Mansfield mirror., 1919-04-24
HOW BEST TO CUT
DOWN THE INCOME
TAX NEXT SPRING
FOR EVERY VICTORY tiBElTY
BOND BOUGHT YOU PAY THAT
MUCH LESS IN TAXES.
NO INTEREST ON TAXES
The Government Owes Huge Debts
Contracted 20 Win the War and
They Must Be paid in Full.

10 YOU WANT TO CUT DOWN
YOUR INCOME TAN?
II can be done. And there are
mighty few of us who would not like
10 see taxes. including income taxes.
somewhat reduced
After you had worked and wreStied
around with that income tax and got
II all figured out, how did YOU feel
about il" Didn't il sort OF shock you
when you multiplied 10 get that old
SIX per cent
DIDN'T the yal4.:EattOn that yun
would have 10 pay out just SO many
cold iron men sort of startle you'
Yes. il did most Of us. Whether
that income WAS $1,000 or $4,000 it
came with a distinct shock, that dis
ccyey that We We're then and there
indebted to our Uncle Samuel by just
50 many dollars that must be paid
However. big as the income tax was.
Il would have been a great deal big
ger if you and all your friends and rel.
atives and everyone else's friends and
relatives had not bought so heavily Of
Liberty Bonds in the PAST.
II is also easy 10 see that unless the
American public, which includes you
and me and all OF US, buys heavily Of
the Victory Liberty Loan, the income
tax and the various other government
taxes will not grow any lighter very
soon.
Every Nan who wants the income
tax rate 10 come down before Jan.
uary l. 1920. ought 10 buy. just as lib
orally OF Victory Liberty Bonds as pos.
/ sible.
/ But what has the income tax got TO
/ do with Liberty Bond issues? More
/ than a little All this extra money
/ that is being raised in this country
for Government purposes is going, di.
rectly or indirectly, as the case may
be, TO aid in payment of the war debt.
And, Il they are not paid out OF
loans. they must be paid out Of taxes
To attempt to pay these debts of by
straight taxation would be crushing
taxation. II simply could not be done
| The country Is not wealthy enough,
great as are its riches and wonderful
as its resources are, TO stand such
/ crushing blows of taxation as would
be necessary 10 clean up all the debts
right of the reel by taxation alone.
So the government is lessening the
immediate blow a. much as possible.
BY floating this bond ISSUE and thus
years OF the future and make the an.
nual burden just so much lighter.
Therefore that income tax blank
over which you slayec and sweated
awhile back was mighty good argu.
ment for the Victory Liberty Loan II
you will just look al it that way The
six per cent net income figure was a
mighty biting argument.
And If there was anything on that
income tax blank, saying anything
about th" government ever giving any
Of that income tax money bacl. to you
well, nobody saw anything Of the kind
Just recall that the Liberty Bond
money comes back TO you, on the sol
emn promise OF the United States Gov
eminent, the Government that never
broke promise. A tax paid is money
gone, but Liberty Bond is an invest
ment.
Nor was there anything on that in
come tax blank about the government
! paying you a cent of interest on the
income TAX payments. No indeed, you
were paying the GOyernnent-and nc
mention was made Of any return, OF
Of any interest.
Liberty Bond is an interest bear
| ing security. II is an investment and
| not tax.
TO lessen the income tax and other
taxes that must BE- paid in the future
buy Liberty Bonds. all you can Of the
! Victory Loan