Belt Valley times. [volume] (Armington, Mont.) 1894-1977, 1924-01-10
MELONS TAX
PLAN REvIEWE
tFFom .g.ab0E. washlngt0n. D. @

} flooding the press with propAgmnam.
IN support Of his scheme for a redue-
L ton Of the tax on incomes and inheF-
itances. Much Of the material Kivum
out is grossly misleading.
Eighty per cent Of the Ameriean
people would not benefit to the extsnk
Of a penny from Mr.. MELONS pro-
posal.
Tulp par cant Of the psonle-shs
very rich--would save many millioms
yearly.
That accounts for the enthusiasm
with which the vsry rich, and kha
newspapers thsy control, rscsivs AaE.
Melons suggestion.
Under the existing law q slnssa
man or woman whose income is eIsooe
or less pays no income tax
Under the existing law q maxrse&
man with wife and three childrsz---
the average American family-pmvs
no income tax II his income IL esTes
or less.
The mass Of the American peopae
ara IN the two Glasses described aheve
and therefore Mr., Mellon's mueh~a&~
vertised 'plan" means littis 30 tAaHa
The married man with an avsEaae
8asnily and an ineous Of eB.oo0 sa@m
would save s22.7b, Or aornethlng lams
than SO a month. n his inecama
amounted to $4,000 . year the ssv-
ing would be s20s.
In all Of Mr. MeIIon'a statements ha
confines himself 10 the AaAvingav 10
be made by those whose incomes mxn
$4,000 or less He carefully svolss
telling what win happen 10 more HoR-
tnbate citizens
Take the man with s1O0.00e ha-
come $40 600 Of It earned Unssar
the law as 1t is today he pays ss0s@a<
TO the publkc treasury, unless he has
succeeded in hiring some @expert" who
is capable Of showing him how to
dodge his tax. Under Mr.. MelIom's
pIan this gentleman would pay only
B1B,o10.20. saving Of s14.124.e0 Hs
Il any wonder he ia cheering for ME.
Mellon7
Mr.. Mellon does his best work, hOw-
ever, for the favored few with in-
comes Of sl,OOO,OOO or more.
Under the existing law the tax om
s1,000,000 income is s6b0,s44. Mr.
Mellon would reduce that provided
100 900 was AearnedS--to 1922 ,26s,
comfortable saving Of s25s, ,27e 9 year
more money than 30 per cent Of the
kIHcrican people can hope 20 accunnz-
ate during a lifetime Of industry ard
acrifice.
Evidently Mr.. Mellon has three
,bjects in mind--he wishes to de6sat
he soldiers bonus, provide the Geos-
dge administration with popular
ISSUE" and add TO the
lethoric fortunes Of the very rich.
He has been working on this pro-
ram from the moment he was sworm
4 as secretary Of the treasury q po-
ition for which he is clearly ineligi-
le II the constitution means what it
ays.
All his public utterances show that
! principle he is opposed to ineonae
nd inheritance taxes,
Being one of the worlds richest
len he very naturally champions shs
neory that enormous fortunes in tAs
nnds OF few are good thing and
hould be encouraged.
The American people do not agree
18th Mr.. Mellon. They believe thmt
ilIionaires are q menace rather than
blessing to the republic.
Whenever they have been given Rn
Dportunity to express themselves
Iey have iBdorsed heavy lexies en
rye incomes and inheFitances.
Another point: Secretary Mellon
ID the very rich may hsve foFgoetsn
e service rendered BY the lads vino
rived IN the World war, but the.
ain people back home are stfll grase-
4. That's why they favor ths soav
ers' bonus.
II they could have their way IN
cad Of reducing this TAI now p@aa
Mr.. Mellon and other men like hin
10 made countless millions ouk ~
e war. they would levy . spaeEas
< on war profiteerm and divide tAe