Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-31
MARSHALL IN
FAVOR OF YOUNG
MAN FOR SENATE



on taxation but many individual policies,
all different. He then proceeded to enun-
ciate his individual ideas.
Il am for a graduated income tax
that would tax the last receiver OF in
come" he declared.
How would that operator" he was
asked.
He thought moment and then gave
this example,:
"Supposing you own 100000 in stock
in a corporation and suppose l own an
equal amount. Now suppose you sell
your stock to my wife for 100000 and
sell my stock to your wife for the
same amount I could claim q loss of
$4,000 in making out my income tax
account and you could claim the same
loss. At the same time our respective
wives would have as much stock as We
had ana would turn it over to US.
THAT is the way the present income
tax law works out, and it's wrong. You
watch the December stock lists and note
the slump in prices Just such deals are
being made, and they result in the slump.
Companies are being forced to take care
Of them.
SYSTEM WOULD
DEFEAT DODGER.
Under system by which the ultimate
recipient Of the income would pay the
taxes on that income nothing like this
could happen. The tax should be sim
pie enough that q man can keep only
one book, listing there simply the money
he has received and pay taxes on that
Mr.. Marshall suggested a tax Of 1 per
cent on the first $4,000 of income. 3 per
cent from $1,000 to $4,000; per cent
from $4,000 to $4,000; per cent from
$40. 900 to S25 600, and 50 on. In dis
cussiug the complications Of the present
tax he said he never had been released
as having properly paid the revenue de-
partment taxes on his income as Vice
President and his income from other
sources.
"Why the revenue department might
come to me any time now for payment
$50 or 800. l know a United states
Senator who pays q man $4,000 a year
to keep track Of his income taxes. That
sort Of thing shouldn't be. A man should
know how much he has 10 pay
Mr.. Marshall said the consumers tax
which is being proposed in some quarters
IS good II Il could be graded so as to
apply to the rich and poor In proportion
to their wealth. but he said this would
he impossible.
~ might consume as much as John y.
Rockefeller, out l shouldn't be required
to pay the same amount Of taxes he
said
He said second objection to ths con-
sumers tax IS that Il would give dealers
an excuse to raise tho prices Of their
goods far above the amount OF the tax.
FOR RALsToS
But CANT VOTE.
In touching on the present city cam
paign in Indianapolis Mt Marshall said
that he and his wife were In an embaras-
sing predicament.
you know" he said. some one sent
me copy OF an Indiana law which said
that II I registered once I would not
have to register again. Consequently
neither my wife nor 1, both having regis
tered before, registered and neither Of
US can vote.
Il am particularly sorry about II be-
cause 7 wanted 10 vote for Mr. Ralstcn.
You can say emphatlcaliy that ! am FOR
Raiston and I want you 10 explain why
I cant vote for him
In the course OF the discussion Of
things generally, Mr.. AIarsha1s much
advertised hunt for a good 3 cent cigar
came up ard he was asked II be had
found the cigar.
THAT IS the most unfortunate state
ment I ever made" he replied Every
week receive from one hundred TO two
hundred Scent cigars made from every
thing from Unison weed to red cabbage.
EXPLAINS 5-CENT
CIGAR REMARK.
Il made the statement that was hunt
ing a good scent cigar as a philosophical
remark What [ meant Is we should 20
back 20 the 5-cent cigar manner Of living
We must cdt down on our expenditures
During the war we obtained a great deal
Of money and spent It. We must slow
down. That is what I meant By my re-
mark"
The suggestion was made that he
should be particularly interested in the
book be was reading It Is an anonymous
publication Of charsct studies Of tho
leaders In Washington during the World
War.
4 don't know much about It," he said.
IT have been refusing 10 read things Of
This kind because don't want TO get my
brain muddled with one sided views OF
things Ny wife asked me, however, to
read two chapters In this book that she
thought particularly good"
Mr.. and Mrs Marshall viii remain in
indianapolis several days and Will then
60 10 Arizona for the winter. Mr. Mar
shall indicated he and Mrs Marshall will
return TO Indianapolis next spring.