Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-02-06
Committee Hearings
Continued from Pace One1


your relatives who have helped you
save what YOU have at DEATH
Maine will be desirable State to
I'VE IN When 1t prohibits all such
taxation. Men who wish to escape
the burden of double taxation will
come mere to slive and bring their
funds for investment. Be generous
to those who succeed.
Will Serve Double Purpose
This amendment will serve a dou-
Bile purpose. 1t will save the people
from paying income and inheritance
taxes and will encourage them to
make all the money they can legiti-
mateiy. without fear of having the
State wrest away their earnings
through inheritance or income taxes
THE federal income tax operates
In every state. Many states add 10
that burden with state income taxes.
Every state in the union except
Alabama and Florida. taxes death
through an inheritance levy, which
eXacts its toll from the family of the
deceased. Vote for the amendment,
making 1t impossible for any future
Maine Legislature to make Maine a
nightmare of taxation. Save Maine
for Maine people. Do your duty to
yourself. your family and your
neighbor. Names tax dvantages
have attracted investors of wealth.
They have helped Maine Develop.
Name needs further develop
ment. Maine needs capital and m
terprise. Money is sensitive and
goes where it is well treated. Enact
ment of the amendment will result
in millions of dollars becoming
available TO be loaned at low rate
of interest for building new hotels,
apartment houses, residences nd m
dustries. resulting in cheaper money
to the men who wait to build homes
and expand manufacturing opera =
tons. Large building operations
mean continued employment for tho
laboring man at higher wages, in
creased population and me- plos-
perity for tie merchants. MAJ 1e
without inheritance taxes will be at
, q great advantage in attracting the
desirable citizen who has saved
money. and vino can leave it all 20
his wife and children, free from any
deduction for State taxes, If he
should die in the State of Maine.
The levy of an inheritance tax
means taking part OF the capit:-l
which has been developed Dy the de-
Sirable citizen, and turning it into
the government to be spent for the
ordinary operation of the State. 1t
is therefore as stated above, both a
capital levy and destruction of capt.
tai, an economic situation which an
Indeveloped State cannot advertise.
"A state income tax is a penalty
on enterprise, Wisconsin affords an
example of driving industries from
the State by levy Of State income
tax. a state inheritance tax Is col
lectable only once and not until af-
ter death, all of the revenue going
to the State.
"Enactluent OF the proposed con-
stitutional amendment prohibiting
levy of State income and inheritance
taxes will encourage and influx of
capital for investment and develop
ment. The resulting increase in as
sessed valuation on both real and
personal property, will produce a
larger tax revenue not only for the
State but also for the counties nd
municipalities than an incom or in
heritance tax. The counties and
municipalities would not receiv, a
cent of any income or inheritance
tax The state would take it all.
Enactment of this constitutional
amendment Is not only an invitation,
to come to the State of Maine to es-
tablish residence but will result in
an influx OF corporate organizations
from which will be derived fee ana
franchise taxes to the State treas
ury.
Don't let taxation eat up she
money that would continue the de-
,eloping program. Income taxes
check enterprise and act as brakes
on progress. They frighten off legi-
innate investments. They retard
ambition and accumulation OF
wealth. The Amendment protects the
men of small means as well as the
man OF wealth. Some states exact
such heavy death taxes. added to
Federal inheritance. that such es-
tates are plunged into debt. Not the
deceased but his family pays.
Support this amendment ana
help the State OF Maine to remain
the wonderland o, the nation
Tho 0urOsiticn