Evening star., 1927-03-26

The taxation of income from install
snent sales and calculation of capital
gains and losses are listed by Repre-
sentative Green, chairman OF the Joint
congressional committee on Internal
revenue taxation, among the is sub
1ects which the joint committee will
investigate with a view to recon-
mending simplfications and equaliZa-
tions to be incorporated in the next
Federal revenue act
The committee is announced to
meet early in April.
The position taken by the National
Association of Real Estate Boards and
its member boards showing the need
of changes in provisions of the act
covering installment sales of real
estate and other provisions held to
he hampering real estate development
will be brought before the joint com
mittee at that time.
The joint committee was created
under section 1903 of the revenue
act of 1926 to investigate the opera
ton and effects of the Federal system
of internal revenue taxes and make
recommendations for changes to the
finance committee of the Senate and
the ways and means committee of
the House.
Fields to Be Studied.
Two experts from the Treasury
Department will work together with
the drafting experts of the House and
Senate. respectively, upon the tech
nical features of the revenue laws
preparatory to a revision. This re
vision committee" an advisory group.
win work in the interval between
congressional sessions and will CO.
operate with the simplifcation di-
vision of the joint committee, Chair
man Green announces.
THE subject Of what fields of
taxation the Federal Government
should occupy and what fields the
State governments is one needing
study, in order 10 attain the most
equitable adjustment of taxes gen
orally" a report made to the joint
committee on internal revenue on
March II by Bryant G. Brown, tenn
porary secretary SDf the committee,
points out
The report placed before the com
mittee in preparation for it's work a
comparison of the expenditures of
the governments of the As States with
the expenditures of the Federal Gov
ernment for the years 1923, 1924 and
1925, the years for which the infor
nation is available. A similar com
parison is given of interest paid by
AAhE S0hSsA vi lIiE states anu
Federal Government for the same
year; and of the per capita increase
In State and local taxation from 1915
to 1924
Segregation Of the various sources
of reynue AS between the National
and the State governments and as
between the State and local taxing au-
thorities is advocated as a first
necessity for tax equalization in the
general program of tax adjustment
advocated by the National Associa-
tion OF Real Estate Boards. Such
segregation would give relief from
present unequitable double or triple
levies on the same commodity. the
association points out.
Increase in the burden of State
and local taxation has more than off
set any downward trend in Federal
taxation, the statistics in the Brown
report make clear.
State Spending Scars.
Estate expenditures increased from
1e23 TO 1924. 15.5 per cent; from 1924
to 1925, 6.7 per cent, the report
states. Federal expenditures de-
creased from 1929 to 1924, 45 per
cent. and from 1924 10 1925. increased
only 3 per cent.
''The biggest difference is shown
In interest paid by the States and
that paid by the Federal Govern
ment. The interest paid by the States
increased 10.7 per cent from 1928 TO
1924, and 21.2 per cent from 1924 to
1925.
"The interest paid by the Federal
Government, according to these fig
ures. decreased from 1923 to 1924
Io.g per cent more than the States
increase: and from 1924 TO 1925, 5.3
per cent
The detailed comparison Of ex-
penditures for 1928. 1924 and 1925 is
as follows:
state governnents-1923, $780,
333 600 1924. s1,513.62s goo: 1925. ST.
6I4,562. 900. Percentage Of increase:
15.5. 1929 to 1924 6.7 1924 to 1925.
Federal Government--1923. S3,472,-
aGa 600: 1924, S3.3f5.237, 900; 1925, s3.-