The people's voice. [volume] (Helena, Mont.) 1939-1969, 1949-06-10
Zone Born Every Minute y

OHC DOI Ill LNCI HIIlutC
Old P ]. Barnum master student human
often averred that the his astounding
lay the fact that John O. Public whole gube
And while that statement was made nigh on to half centur
true today then. Particularly this when
considers the deuoned Montana businessmen who have
of the msnamed Tax Equality Association of Montana
group OF men can better qualify sucker bait and all the
implies.
Why such harsh assertion? It's this way No doubt most
Voice readers have noticed the of quarter
ads being run in various newspapers by TEAM centerng on
the theme ax the Unaxed Before Increasing Taxes These
ads of aimed at influencing the general public into
thinking that cooperatves are tax dodgers More about that
first consider lone born every minute role
that Montana businessmen knowingly otherwise play
ing in financing such campaign of distortion.
Clearing all the fine words away the actual aim of this
drive by TEAM and its national Inspiration the National Tax
Equality Association to disrupt and destroy cooperative
business and all promises in greater economic security for
farmers of the Northwest This has been the aim of the win
Cities grain trade since Ben McCabe organized his fellow
commission merchants into the NTEA five
Cooperative marketing of grain by such farmerowned organ
cations Union Grain Terminal Association by
had begun seriously cut into the annual take of the private
trade 948 estimate that FUGTA marketed better
than of produced in the Northwest Not only
these outsiders been cutting heavily into the bushels of
grain moved but the grain trade has learned that hold its
remaining farm trade must also protein premiums we'll
meet the market price secured by those comparatively mark
citing their product This hurts since competition has
broken the rangehold the private operators formerly had
in setting the market price to be paid to grain producers
thus sharply decreasing the wide margins the commits
sion merchants able to pocket the of the
Therein lies the basis for asserting that Montana bust
aren't exactly smart when they into such
propaganda outfits TEAM NTEA.
stands to that extra dollar received by Mon
tana grain through cooperative marketing extra
dollar go into Montana channels-nto the ls of
little businessmen of Montana, similar result OBJ
tan regarding the efforts of Northwest farmers to break the
srangehod long held the oil interests and other
opoly by setting of producer
Enthusiastically favorable price structure
farm supplies The savings thus made find their not
primarily eastern Of capital but again, into
the ts of small Independent businessmen right in the home
community. Either way-every dollar earned the
market place. saved through buying dol
lars circulate and enrich the local community and the
and region generally.
Referring back to the tax of quick appraisal
may prove enightening First off, it should be borne mind
that there four types of business enterprise
AmercaSole partnership, and corporation
Between the first three there with the exception of
absolutely difference in tax liability. All real
estate personal property social security taxes Income
taxes NOT paid by the three business oganza
tons with the exception of who do return all
overpayments to their patrons Rather the
income tax his income n INDIVIDUAL, not bust
partners partnership pay income the
ceeds of each as INDIVIDUALS not as partnership.
The difference between the above and the coop that
of the latter SUCH do not the profits of the
Coop profits actually savings divided among
the patrons of the proportion to the business
done by them with the On these savings patrons
pay taxes INDIVIDUALS Coop stockholders get
reasonable rate of interest the money they
and that interest they must personal income
With corporations however, profits divided up
the patrons Corporations for
profits and under law, such profits belong to Individuals
the corporations Management great extent
wishes with the propie them restrict the field of