The Marietta journal. (Marietta, Ga.) 1918-1944, 1919-04-11

erty does not exceed $3.50 in value
and when such property exceeds this
amount the escess over $3.50 shall be
taxed at rs cents per 500.
Income Tax
Congress has enacted law which
gives those states having an income
tax law, upon the request Of the Gov.
ernor of the state, access to the data
upon which the federal income tax is
now assessed, so far as it affects cor.
porations. The only reasonable OBJ.
Jections to taxation by this method be.
ing the difficulty and expense attend
ing its administration, and both OF
these having been almost entirely
eliminated by the granting of the
privilege mentioned above, we rec.
ommend that Georgia enact, as soon
as constitutional amendment will per
nit, a law providing for taxation on
an income basis.
The rate at which it is to be i'm
posed we leave open till later date
desiring to have this feature discuss
ed before US by representatives of
those concerned.
If the data of individual returns
was available as is. that of corpora
tons we would also favor an indi-
vidual income tax. Since, however,
it is not, it would, in our judgment,
be too difficult and too expensive for
US to undertake to administer it. (See
Exhibit b.
Inheritance Tax
The commission recommends the
following plan: Exempt $4,000 for
widow, and $4,000 for child, hus-
band and lineal descendant or lineal
ancestor, exempt requests for relig-
ious, charitable or public purposes,
and levy the following moderate pro-
gressive rates:
Wife, husband, child (including adopt
ed child) lineal ancestor or descend
ant, % up to $4,000.
Brother, sister, wife Of a son, or hus-
band of daughter of descendant,
80 up to $4,000.
Uncle, aunt, nephew Or niece, SO up
to $4,000.
Further removed, 10 up to $4,000.
On all over $25,000, up to $4,000,
Il times primary rate.
On all over $4,000, up to 100000,
2 times primary rate.
On all over 100000, up to 100000,
2R times primary rate.
On all over 100000, 8 times pri-
mary rate.
(See Exhibit C, on Inheritance TAX
Merchants
Every person, firm, company or
corporation engaged in the business
of merchandising shall pay state IL
cense tax, which shall be in lieu of
all other taxes for state purposes on
their mercantile business except taxes
on their real estate or the corpora
TONS occupation taxes elsewhere pro-
vided for, and income tax when such
shall be ordered. This license tax
shall be graduated by the amount OF
purchases made during the period for
which such license is granted. Every
merchant shall file his invoices cover
ing every purchase and keep a record
of same with ink, which record shall
be subject to inspection by the tax
officials of the state. His report to
the Tax Receiver shall be taken from
that record and shall be sworn to by
him or his agent.
All goods, ware and merchandise
offered for sale or kept for distrlbu-
ton by, either domestic or foreign
manufacturers at any place within
this state used as a store or distribut-
ing warehouse, other than the place
of manufacture, shall come within
this provision and be taxed as pur-
chases. This is meant to be subst1-
tute for the ad valorem tax now
levied on the amount of goods on
hand and all solvent bonds, demands
and claims made and contracted dur
ing the preceding year but not the
real estate owned by said merchant