The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1925-04-30
gOW EXCESSIVE
!. TAXES. BLIGHT 4
:. NATIONS LIFE
NudUctive Effort Stops II Gov.
rsa,ent Takes Undue Share Of
Profits, Says Treasury Official.
WEALTH IN RUSSIA FLED
BEFORE THE TAxGATHERER
Wen in America Prefer Golf to
Giving Fruits Of Three Days Work
a Week TO Income Taxes :.

The biighfing effects of excessive
zxxstion. leading to a nations econom.
&c destruction. are described in the
enrrent issue of the American Bank
srs Association Journal by Garrard B
WINSTON, Under-secretary of the Treas
MY. Citing possible effects on the
Ford Motor Car Conn any. he declares
~wnsTship SO centered 1t is conceiv-
mAae that collection OF Inheritance
taxes nay check. II not destroy, that
xxii u policy which has created and
expanded that industry and thus pre-
ssns in future prosperity or what
avail, then. Ia 1t to any government II
Z. collects one hundred million dol
Ezra once In estate taxes and destroys
. source OF income upon which 1t can
rely for revenue year after year?
Success Of the Ford Company does
~ss mean simply that Mr. Ford and
ME son have grown wealthy. II means
sswnTslnyrnent of tens OF thousands OF
mzen and women: that mines, forests,
sailrcads and vessels are brought into
i zse: that the public has received an
efficient and inexpensive means OF
gwzns porfation: that the farm Is In
acreh with the city and the worker
With his Office Mr. Winston says in
part.
Wealth Flees Oppression
--UgoD first impression 1t might ap
pear sha, nation could take all OF
f3sa earnings OF it's citizens or all OF
aneEr property The Soviet govern.
asenf proposed to appropriate all in.
msrmmentalities OF trade and com
@seree Yet. when the state reached
mut to grasp this wealth, 1t disappear.
eaz and left nothing but a few tangible
@hlects. such as gold and jewels.
which we're easily transported to 9th.
gr countries Wealth in Russia ceased
~ exist
fsif income tax rates are placed so
Agh that capital In productive bust
neHs no longer gives net return com
wenasaate With the risk, capital will
~@ ont Of productive business. lie idle
40 abroad. go into tax-exempt securi-
1ies. or end other ways OF avoiding
~ks tan IN income tax rates are so
successive that man OF ability finds
sse rausf work more than three days
@'week for the government, he will be-
lcaxaa discouraged and decide that the
ruwu1s rs not worth the effort Less
arosme Win be produced and less will
As reaEzed from the tax.
Recently a letter came TO the
Treasury from small farmer. He
'evwnes few acres which In 1918 were
S=s@ssee Al sSee and on which a tar
20 SIS wns levied In 1894 the a.
s~nsed yasue increased to $1,000 and
ws@ sas TO xt7s. but the farm failed
ss x-cs5ure any more. Taxes exceed
ss9 tAe rental value of the land and
x-ase than the net earnings of the
wsu5SsFry we're taken by the state The
hwn ~ss abandoned and now pro
ssa1as 100 ssx
1OFsex there come to notice cases
wAsse . particular Improvement Ia
~@ maAo. ~ = particular business ia
msR ssartsA. because after deducting
mx~s the risk exceeds the value Of
~ sxpsetse return. Men have drop
- basaasss- sDsat their winters In
Dzsrt1n ri tAsar summers abroad
&sannss What they ara permitted u
Kunn1n Ss1sr prsssnt tar rates u not
wuvxA ~ Ahor they must give u
1soAisS Il .Th1y prefer golf to the
nwthss 1svsaspmont of the country
Uusse~utsar Taxes Destroy Matien
-U~ss1satinc methods a taxation
a.au nseu1Iy destroy the very earn
AaEs - prspsrty which II should b.
- Srine4pai interest Of o govern
~sas - tester When 1t reaches tn.
Nmats VI what In known as It's taxa
has caSsc4ty. . nation has begun {,
&Aa y TAXES are raised TOO high,
suum~azy WIN sIowly bW surely do
ms~y isss1G II win use for daily con
sxmp4tsa - seed corn on which IL
ssssrs HE lspcnds. and the spirit o
s.istaA3ve aaA adventure in Its pee
~ ,wS1 nmally disappear One q
~@rN - tAres things happen Tn
Rnanftky - assumption &c cuI dowl
wAacA 0sana > lowering OF .he xtant
$50 - 1ving: q capital accumulation
- ezeensisna- improvements an
m~~ sn4sssakinGs ninst diminish. n
G&11ne - ssswins up sf progress
go tssss~tn9 eventually ~ taxabl
sssnann&. ~ tAtrdly. ! sies1usAlnna "A
~mws - The saxf Of tbs Gltfao3I Ni
- ona& wA4n tos large : paY{ u i
~snn1Aos are taken Ia sAxss
B e1mN - taxaktsu sAeaaa /
- - ~ eSx which Mn cpRtamx
s~un1os mansv svsE = psSssl u year
1nn1Donn0. ~ - sxesnstvs tAx. ;
Sn14 - en1Dsa - ysav ~ -
u0on - sm1s rsAwee1ea = seae1ss
- - onusngs - enxnAas inasus
- yo1ny = - - assmsal = -
UnnnmDD - sevsnnA ~ afaaa1
- lunG = ~ - = 49,
n1nnn - - slnAs = -
aD nD 0oarev asa - -,
~ = - Dpaasl1as'