Roanoke Rapids herald. [volume] (Roanoke Rapids, N.C.) 1914-192?, 1920-10-29
Amendment to Mean Double
Taxation

In the November election you
will be called upon to radically
change the Tax Laws of the
State of North Carolina. Article
V, Section III, of the Constitu.
ton of the State of North Caro-
lima provides THAT no income
shall be taxed when the prop
erty from which the income is
derived is taxed"
The proposed Amendment,
which repeals the above provi-
sion, permits income from prop
erty already taxed to be taxed
up to six per cent (6%), allow
ing an exemption of Two Thou
sand ($2,OOO.OO) Dollars for a
married man and One Thousand
Isl, 100000 Dollars to single
persons.
1t has been part of the organic
law of this State, founded in
reason and justice, that the same
property should not be taxed for
the same purpose twice. If the
Amendment carries, both the
property and the income there
from will be taxed. For Instance:
A Farm worth Ten Thousand
($10, 100000 Dollars, and so list
ed, under the present County
levy would be subject to a tax
for County roads and schools of
Seventy-Six Cents (76c) on the
One Hundred ($1OO.OO) Dollars,
or a total of Seventy.Six $4,000
Dollars on the Ten Thousand
$50, 100000 Dollars taxable
property. In addition to that, a
person living in a Special School
Tax District would be subject to
a further tax of Ten Cents (10c),
making Eighty-Six 1885,. 00)
Dollars plus One Hundred Thirty
($130. 0O) Dollars, for state
Schools, totaling Two Hundred
Sixteen ($216.OO) Dollars. AS
that the party who owns
this farm is thrifty and derives
a net income of Three Thousand
[$3, ,00O.0O] Dollars therefrom,
if married he would be entitled
to deduct Two Thousand [$2, 0O0.-
OO] Dollars, and, if single, One
Thousand Isl, 900. .00l Dollars
from his net income, and mar
ried person, Sixty Dollars $780,
O0) Income Tax would be added
to the Two Hundred Sixteen
($216.00 Dollars, making, for a
person, Two Hundred
Seventy.Six ($276.OO) Dollars,
and for a single person One Hun
dred Twenty ($12O.OO) Dollars
would be added to the Two Hun
dred Sixteen ($216.OO) Dollars,
making a total Of Three Hundred
Thirty-Six ($336. .0O) Dollars tax
es on an investment of Ten Thou
sand [$10, ,OOOl Dollars in farm.
If this farmer on May first of
the year in which he made the
Three Thousand $4,000 0O]
Dollars had it on hand the Three
Thousand [$3, ,OOO.0O] Dollars
would have to be listed as tax
able property, adding to the fore
going Twenty-Five and 74-1OO
Dollars [$29. TAI, making, for the
married man, Three Hundred
Eight and 7O-1OO Dollars [$3OS.-
7O], and, for the single man,
Three Hundred Sixty-Five and
7O-1OO Dollars [$365.7O]. The
same principle would apply to
wages, rents, interest
on money loaned, incomes from
all character of business and
investment.
In addition to the tax proposed
in this Amendment, the same
will be called upon to
pay q Federal Income Tax, max
ing the third tax upon the same
property.
It has been urged, as a reason
for the proposed change, that
there is no State Tax on lands.
This is not a fact, as the State
has levied a tax of Thirteen Cents
[l3c] on all property for the
benefit of the schools.
1t does not seem to me, after
reflection, that this Amendment