The herald and news. [volume] (Newberry S.C.) 1903-1937, 1921-01-18

! East South Central
| states ................ o.70 $50
! West South Central
/ states ... o.94 1873
Mountain states ...... LA III
i Pacific states .......... 3.27 So
All s+ates ... 1852 25.3
1t is, therefore, earnestly recon-
mendea that this general assembly
enact corporation and privilege l.
cease law, based upon the genera!
plan adopted by the state Of Vir-
g;nia.
It is further recommended that q
consumption tax on gasoline, tobac-
co and soft drinks should Dc provided
for. oae cent per gallon on easo-
line would yiela approximately four
hundred thousand dollars; one-half
lcf one per cert. to oe collected from
Wholesaler, broker or Sob5ef or soft
drinks. tobacco, etc, woald gteid
considerable sum.
This whole subject is SO thorough
ilv discussed in the report OF The spe-
c:al committee on revenue and taxa
ton that I do not feel It essential TO
90 into details. ] concur in the we"
, of the committee that the constltu-
ition of the state be amended SO as
to authorize. the legislature to class
fy property for taxation with a We"
Ito distributing the tax burden upon
/ all property according to the princl-
tple of taxoaying ability ard earnest
ttly urge She. passage cf such an
amendment at this session.
H TIE operatiioa Of the proposals
herein Will decrease the ac.uai
amount Of taxes paid, by the owner
soff pro- aserty, cause persons VINO have
tfhe.esofcre escaped the responsible
tttv OF taxa tion 90 pay their share, and
; at, the same time provide sufficient
revenue for fnaneing the state gov
Ie4nnlent in a decent sort OF way,
what then can be the objections? In
order to show the operation OF the
recomme en1asaions contained hereia,
$50 far as the income tax is conesHra
! ed Ihe foliowinssy, EXAMPLES have been
selected aoS jaust.rate the result waen. e
applied to tie actual taxpayer: Il
/. "A oWas as.heae: which VI has
!ibeen assessed at s4,0oe.oc "a a
stock Of merchandise assessed at So
1000 90. q tax levy Of. twelve mills
| Would IS redaife sA" sa pay Z ec7 ashis
proensrty ee il saSes The sum OF ST. 1860,
Now, s suppose aslat "Ass' net. income
! fer the year vas s5,eoo.oo, and that
i his dependents were a wife and two 70
children. Under the proposed plan
/ he would pay,
hl1 The, property tax Of
mills, or sos, 90
l2)f An income tax Of l-2 Of
per cent. on all ever his
exemption, or ...............,.. 1900
1 K. ~ @sEs4s 4g-s ,s1. $500, :, &C.
! : Making total Sl21.oo
Il viii DC seen that VIII pay a
property' and income tax to:a1ing
S2s.oe qess tkanahe would pay under
1.-THE preesnt system. This difference
! would, necessarily be- pa5ds by Some
ore who has heretofore M ;tHssH eseapsefa Pei tax
:: "B" has So I iaasi;lv s&l {ss;;,i.' of fs5df "a
wife and three children), and he op-
crates a farm, and & @sceunsryss Sofe:
IThe farm and iaGrehaadise basin ess
| are assessed at $50, ,oco.oo. With a
!! state tax levy Ct / 2 milfs he wouh be
required to pay taxes An the amount
of $4,000. Under the plan RECON-
menaed, ard assuming that. his ln7
cone was ,s.8,0gQ.90' a year, he wa2ltd
pay as follows: .
To- Nine mills on s2c,ooo.oo. y.
or " oV.oo :
/ (2) Income tax Of / Per cen;
/! on all over exeaption....... 54.oo
4 a total tax of:".............,.....s .s234 90
In this case "E" would pay $500
less on Doth property and income
4han ha IL naMitlr ,irl.,cr CIR NreEe u