Newark leader. ([Newark, Ohio]) 1917-1946, 1925-07-17

II the Government needs REQUIRE it.
But when the Government says that
the split shall be 100 per cent to the
tax collector and nothing to the stock
holder, that's different.
Naturally, We begin to look into de-
tails. Our investment becomes an in
vestment in tax collectors rather than
IN a manufacturing plant. We begin
to ask questions about the cost of
government. We want to know why
it is necessary to take all our divi-
dends, and what the money is being
spent for.
WED Likezto Change Things"
Also, if possible, we want to change
conditions if they can be changed by
orderly process. We feel that at
least part Of the earnings on our
investment should be spent under our
own personal direction, rather than
by the great and complex machine we
know as the American Government.
We are willing to concede that un-
der some wartime circumstances all
the earnings on the investment might
be Communicated justly by the Gov
elnment. But the record shows that
the Government didn't do anv such
things during the war. The war had
Deen over three years before the con-
midndeerlng of our common-stock div
ldends began. And today, with the
war nearly seven years over, the
communicating process still con-
tines.
Why?
1t is big question and one TO
winch we have not yet found the COM
plete answer. If we were experts in
the business of government, possibly
we would have the answer worked
out SO that we could present it now.
buC we are not government experts;
our line for many years has been
manufacturing and our thought and
energy have been devoted to manu-
featuring.
Neither has our line been writing
pieces for the magazines, so when
the editor of Nations Business ask
ed US to write an article presenting
our case against the tax collector. our
flrst impulse was to run away, On
second thought it occurred to us that
such an article might be helpful to
other concerns similarly situated.
Besides, We Want Advice"
Further, we want advice We want
help in getting at the answer to our
troubles: We invite suggestions. We
should like to exchange experiences
with other concerns, to the end that
we may all work together in solving
the problem.
Taxes are unduly, even unjustly.
high. They constitute the greatest
single handicap to prosperity TODAY.
They must be lowered. They will be
lowered if we can find the way to do
1t. Otherwise continued government
al confiscation of earnings will in
evltably bring stagnation to Ameri-
can enterprise.
SO we have set out, after the better
part of lifetime spent in manufac-
turing, to learn new and unfamiliar
trade-the trade of government, 50
to speak-so that we may be able ia
save our way of making a living from
being throttled by the hand of the tax
collector.
Our first step has been to acouaint
ourselves with the different kinds of
taxes assessed against US. That VIC
nave done-with growing amaze
nent.
They divide themselves into two
great groups; federal taxes and taxes
by the state, county and citv.
Most of us are entirely familiar
With the four kinds of federal taxes
imposed on business concerns-in-
come, excise, capital stock and stamp
5aXes-so a mention of them will be
sufficient here.
Less is known about the nineteen
different kinds of taxes levied by the
states and their subdivisions. STUDY
ng these state and local taxes. we
find them to be as follows:
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