The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-08-13
EVEN BURDEN
OF TAXES Is
OFFICIAL aim
Administration Statement Is
sued at White House Says
Program Is To Adjust Load
Among All Classes.
CERTAINTY IS SOUGHT
(By Associated Press,

WASHINGTON, Aug 13-An Off
cial statement explaining the admin
lSJration tax revision program was Is
sued today at the White House. 1t de-
clares that 'the aim was to establish
methods that would raise the needed
revenue with a reasonable certainty.
make collections sure and inexpens-
i've and properly adjust the burden
among all classes of the community"
1t is felt that highly important pro-
gram has been made along these
lines the statement says. adding.
There has been no effort to relieve
| the rich of their share of burdens but
rather to insure that no class will be
| left an avenue Of escape from these.
| A casual analysis of the proposals
shows that what may be described as
| the rich mans taxes will produce
about $500 100000, while the balance
will be distributed over the entire
community. rich and poor.
THE reduction to 80 per cent of the
! highest income and surtax brackets is
expected by the experts to produce
actually more revenue from those
| sources than do the present much
1 higher rates.
| Prevent Transactions
| The present rates prevent trans
actions which would involve applica-
| tion of the high rates and thus keep
| taxes away from the government Al
| so, they drive money into tax free Sc
curities, to the distress of business;
and they lead to fraud and evasions.
Experience has shown in dealing
with the excess profits taxes that
where there is periodic selling, this
tax is pyramided multiplying the bur
den of the consumer. and induci'"
| speculation and waste and has been
largely responsible for the intenss
speculation that followed the war
"It is an unsatisfactory tax on which
to base revenue estimates because its
product of revenue is so extremely
variable, and in the present epoch Of
reduced earnings it would utterly fail
to produce the amount needed.
Make Exemption
In increasing the tax on corpora
ton earnings, an exemption is made
of those having earnings of $4,000 or
less the poor mans corporations.
The number that would thus be ex-
empted would exceed 100000"
After reviewing benefits which it is
claimed will flow from repeal of trans
portation taxes and substitution OF
manufacturtus tax for the so-called
nuisance" levies, the statement con
cluded: "The whole tax reform pro-
gram contemplates freeing business
from what have been found paralyzing z
and exasperating restrictions, encour-
: aging to the utmost the resumption O.:
enterprise and business, removing
every possible incentive to evasion
and fraud and distributing the tax
burden with the greatest possible
equity among all classes of people,
keeping in mind the purpose to i'm
pose the larger share on those best
able to pay"
Having practically completed revi
sion of the levy sections of the 1918
law yesterday, majority members OF
the house ways and means committee
expected to finish work on the tas
:. bill today so as to have a COMMITTEES
| draft ready for consideration by tho
conference of house Republicans cali
ed for Monday.