The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-11

d. Park, FL Paso real estate r
Mr.. Park advocates a gross
receipts tax, the tax to be
levied against only one thing
money.
Under his system every person
who receives money would make
monthly payments Of taxes to the
federal government.
For example, at a tax rate of 81
per 500, a person who has
monthly income of 500 would pay
the government 81 a month.
Would Get Billions
On this basis. money which
changes hands, say. five times a
month, would yield the government
$50 a year in taxes. Multiply the
500 by the money actually in
circulation. which runs into the
billions, and an idea Of the revenues
under his system can be obtained,
says Mr.. Park.
Civil service tellers would collect
the tax on money. The revenues
would be divided among the federal,
city. county. and state governments.
In case revenues were insufficient,
the federal government could IN
crease the tax rate any given
month.
Just what the tax rate should be
Mr.. Park is uncertain. With money
turning over several times a day,
week or month, he believes that
small rate, say l per cent or less,
would provide adequate revenues.
THE present system OF taxation
is unjust and hopelessly antiquated,
Mr. Park said.
Claims Plan Is Simple
INV plan is so simple and logical
that l am afraid it won't be adopted.
But I am convinced it is a fair and
lust system. Under my plan, taxes
would go where the money goes.
PAYMENT of taxes would be strictly
on the basis of ability to pay.
AS outlined by Mr.. Park, some OF
the advantages of the single tax on
gross cash receipts are:
/. Relieves taxation of the farmer,
who loses his crops through drought.
Since he receives no money, he pays
no taxes Under the present system
the farmer who losses his crop pays
10 10 70
has a bumper yield.
Reduces Collection Cost
2. Reduces the cost of collecting
taxes. Sheriffs. assessors and col
lectors would get no fees for collect
ing taxes.
g. Eliminates boOtleggers in COM
modities, such as gasoline, cigarets.
liquors, etc. A tax evasion would
be a federal offense.
4. There would be no exemptions
of any kind. Taxes would be paid
by churches, hospitals, mortgage
holders. etc.
5. Every local. state and federal
government employe, including the
army. navy, school teachers and
pensioners would pay the tax.
Stimulate Buying Is Aim
6. Stimulates home ownership.
Once paid for. a mans home is his
as long as he lives He could not
lose it through inability to pay
taxes.
7. The government gets the
money first Under the present syS-
tenn the government collects only
once a year. but pays out on a
monthly basis.
8. Eliminates the loss of taxes on
fiy-by-night concerns, which con-
duct bankrupt. fire and holiday sales
in a city, and move on without
paying taxes.
8. Vacated property does not con-
tinue to pay the same heavy tax.
Rent of the tenant who moves goes
to another landlord, who pays the
tax from his increased receipts.
Plans TO Stop Exemption
10. Eliminates competitive bidding
by cities for tax exempt industries
at the expense of the present tax
payers. At present cities offer fac
tories many years of tax exemption
to get them, while other industries
have no tax exemption.
IL. Removes the licensing evil
Under the present system a man
who sells a few bottles of beer at
cross roads store must pay the same
license as a big cabaret in a city.
There would be no licenses, not even
automobile licenses, or occupation
taxes o any kind.
u. Makes every person more in
terestetd in his government because
he pays taxes direct to the govern
ment.
Could Apply to All
Mr.. Park says that the single tax
will apply equally well to persons
with fiXe incomes. merchants,
spectators, stock exchange traders.
AT the first of every month a
person or firm would be required to
total his receipts for the preceding
month, and pay the government the
tax for that month. II he evadeS
the tax he becomes a felon. But
the psychological situation created
by my tax system would work
against evaSionS. The danger Of
some one else reporting him to the
government would cause a man to
list all of his receipts"
We are living in a modern world
while our tax system hasn't been
changed in more than $50 years,
said Mr. Park. Il would like to -@e
the government adopt my plan for
five years. If it doesn't work there
would be no harm done"
SENATOR ROBINSON ON
ANIMAL LIMITING TRIp