Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1921-04-14
BILL To ADJUST
INCOME TAXES
Measure Is introduced by Bar
ron County AssembIyman.
PLEDGE OF G. 0. P. PLATFORM
County Supervisors Will Get Pay
Boost of 81 Day Under Terms of
Bill introduced in Legislature
by AssembIyman Sachtjen.

MadisOn-An adjustment of income
taxes of the state is proposed in q
bill by John L. Dahl, Barron county.
Mr.. Dahl declares that he has intro,
duced this measure to carry out the
pledge of the Republican platform, de-
claring in favor of adjustment of in
come tax rates in this state. Dahl is
administration leader in the lower
house.
The Dahl bill contains many fea
lures now Incorporated in several diff
ferent bills in the legislature. 1t read
justs the present income tax rates, in
creasing the schedule of what they
are today and increases exemptions
for married persons and individuals
so that this feature of the bill will
correspond with the present federal
law
1T repeals those sections of the
present law enacted in 1911 which per
nit corporations and individuals to
use, as a deduction in making out their
Income tax returns, dividends received
from state banks, national banks, mu
tual savings banks and trust com
panies subject TO taxation in this state
''It repeals the so-called secrecy
clause of the income tax law of 1911
This will enable the authorities of the
state to check up the correctness of
income tax returns of corporations and
individuals as made at the present
time, in order to determine to what
extent individuals and corporations of
the state have been lodging the in
come tax The tendency of this repeal,
IL enacted into law, will be to permit
anyone who suspects that his neigh
Dor is not making an honest return to
have the opportunity of inspecting the
records of incomes No doubt this will
meet with much opposition from many
sources, but it should also have the
support from all those who wish to see
honest returns made, thus placing
equal burdens upon all in proportion
TO their equal incomes that should be
reported
''It repeals the sO-called personal
property offset. The present law per-
mits anyone who pays an income tax
to use his income tax receipt to pay
that much of his personal property
tax, thus making his income tax that
much of an offset of his personal prop
erty tax For instance, man who
pays an income tax of $50 and has
personal property tax of $50 pays but
the one tax. This defeats the income
tax to a considerable degree, and it is
to remedy this defect that the present
measure repeals that part of the law
Of 1911.
",The law of 1911 permits an individ-
ual who receives dividends or incomes
from stocks or interest in any cOpart-
nership, corporation, joint stock or as
sociatiOn, the income of which has
been assessed under the present in
come tax law, to deduct such amount
received from his taxable income re-
gardleSS of how large his income may
be from this source. That is, if any in
dividual had all of his wealth invested
In such sources and received, say, an
income of $4,000 from such sources,
he has so far been exempted from
taxation; the present bill exempts
$4,000 Of income from this source and
taxes all of such income over that
amount. 1t would seem that any per-
son enjoying this source of income,
after making his usual deductions
either as single person or as mar
fhA Of
hold, and deducting besides an addi-
ticnal sum of $1,000 out of such sources
of income, ought to be amply protected
end should be taxed on such incomes
above that amount. The total eXemp-
tion of this source of income in the
law of 1911 was based on the theory
that such corporations Lave already
been taxed before declaring such divi-
dends."
County supervisors will get a pay
boost of 81 per day under the terms
of bill introduced in the legislature
by Assemblyman Herman Sachtjen of
Dane county. Town clerks also are
having their salaries boosted from s.
TO So for each days service.
The two big education bills of the
session will be started on their way
In the legislature when committee
works open again, Antoine Kuckuk,
chairman of the committee on educa-
ton and public welfare of the senate,
has announced. First consideration
will be given the proposal for up
building of the teachers retirement
fund, followed by hearing on the
SkogmO bill for reorganization of the
administrative system of schools.
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