The Fayette falcon. (Somerville, Tenn.) 190?-current, 1919-04-25
HOW BEST TO GUT !.
DOWN THE INCOME
TAX NEXT SPRING
FOR EVERY VICTORY LIBERTY
BOND BOUGHT YOU PAY THAT
MUCH LESS IN TAXES.
NO INTEREST ON TAXES
The Government Owes Huge Debts
Contracted to Win the War and
They Must 30 paid In Full.

DO YOU WANT TO CUT DOWN
YOUR INCOME TAX?
II can be done. And there are
mighty few Of us who would not like
to see taxes, including income taxes,
somewhat reduced.
After you had worked and wrestled
around with that income tax and got
1t all figured out, how did you feel
about it? Didn't 1t sort of shock you
when you multiplied to get that old
six per cent?
Didn't the realization that you
would have to pay out just so many
cold iron men" sort of startle you!
Yes, 1t did most of us. Whether
that income was $1,000 or $4,000 II
came with distinct shock, that dis,
covery that we were then and there
indebted to our Uncle, Samuel by jus
SO many dollars that must be paid.
However, big as the income tax was.
II would have been q great deal big.
ger If you and all your friends and rel.
atives and everyone eise's friends and
relatives had not bought so heavily OF
Liberty Bonds in the rast..
II Is also easy to 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 man who wants the income
tax rate to come down before Jan.
uary /. 1920, ought to 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. II 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. It simply could not be done.
The country is not wealthy enough,
great as are its riches and wonderful
as Its resources g: to stand such
crushing blows OF taxation as would
be necessary to clean up all the debts.
right OF the reel by taxation alone.
SO the government is lessening the
immediate blow as much as possible,
by floating this bond issue and thus
spreading the cost Of the war over the
years Of the future and make the an
nual burden just so much lighter.
Therefore that income tax blank
over which you shaved and sweated
awhile back was mighty good argu-
ment for the Victory Liberty Loan IL
you will Just look at II that way. The
six per cent net income figure was
mighty biting argument
And If there was anything ON that
income tax blank, saying anything
about the government ever giving any
OF that income tax money back 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 tar 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 cent Of interest on the
income tax payments. No indeed, you
were paying the Government-and no
mention was made of any return, or
OF any interest.
A Liberty Bond h an interest-bear-
ing security. 1t is an investment and
not Q tar.
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.