Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1921-04-16
BILL To ADJUST
INCOME TAXES
Measure Is introduced by Bar
ron County AScembIyman.
PLEDGE OF G. 0. P. PLATFORM
County Supervisors viii Get Pay
Boost of 81 a Day Cnder Terms of
Bill introduced in Legislature
by Assemblyman Sachtjen.

n ny ASSembiymdn SaCnIJeh.
Madison.-An adjustment of income
taxes Of the state is proposed in a
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 Ue 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 repeats those sections of the
present law enacted in 1911 which per-
NIT corporations and individuals to
use. as q deduction in making out their
income tax returns. dividends received
from state banks national banks. mu-
tual savings banks and trust com
panieS subject 10 taxation in this state.
ut repeats the so-called secrecy
clause of the income tax law of 1911.
This viii 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.
II enacted into law. will be to permit
anyone who suspects that his neigh
hOr 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 1t should also have the
support from all these who wish to see
honest returns made. thus placing
equal burdens upon all in proportion
70 their equal incomes that should be
reported
1T repeats the so-called personal
property offset. The present law per-
mitS anyone who pays an income tax
20 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, a man who
pays an income tax Of $50 and has a
personal property tax of $50 pays but
he one tax. This defeats the income
TAX 70 n considerable degree. ana it is
to remedy this defect that the present
measure repeats that part Of the law
- 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
ISOLATION, the income of which has
been assessed under the present in
come tax law. to deduct such amount
received from his taxable income re-
CARELESS Of how large MS income NAV
he from this source That is if any in
iividual had all Of his wealth invested
In such sources and received. say, an
he has so far been exempted from
taxation; the present bill eXempts
$1,000 of income FROM this source and
taxes all of such income over that
amount. II would seem that any per-
son enjoying This source of income.
after making his usual deductions
either as single person or as mar
ried person. or the head of a house
hold, and deducting besides an addi-
fional sum Of s., 000 out of such sources
Of income ought 10 he amply protected
and should be taxed on such incomes
above that amount The total exemu-
ton of this source Of income in the
.aw of 1911 was based on the theor-
that such corporations Lave already
cen taxed before declaring such dil5-
dends."
Comfy supervisors win get a pay
hocst Of 81 per day under The terms
If bill introduced In the legislature
by Assemblyman Herman Sachtien Of
Dane county. Town clerks also are
having their salaries boosted from s.
fo So for each days SerYice
The two hig education bills Of the
session will be started on their way
iu the legislature when committee
works open again. Antoine Kuckuk.
chairman Of the committee on educa-
zion and public welfare of the senate.
has announced First consideration
v3 rs given the proposal TOR up
building If the teachers retirement
,'.nd followed by q hearing on the
SsoE'uo bin for reorganization of the
administrative system Of schools
State Capitol at Small Cost.
That the totg cost Of the beautiful
state capitol represents am investment