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Show 1 15 nw the cost of labor in American beet fields and1 sugar factories must be reduced in proportion to the Cuban wage or the American beet sugar industry will go out of existence. This fact was recognized in the passage of the emergency tariff act which increased the duty on sugar from $1 to $1.60 a hundred pounds apd the extension of this act as a permanent policy is essential if a domestic beet sugar industry cpntinues in this nation. officers by a state, or its political subdivisions, including cities, sP,nti( or hanilets, are exempt from such taxation. Fees paid a It jbik Appointed by a state are not subject to the tax, neither are subdivision thereof. 5meilljaiors by a state or any political S missions of a receiver appointed by a state, county or municipal ntr foot "taxable. Salaries of teachers in the employe of a state or with while they are so em- political subdivisions are tax free, only tUreV . sa9f.-- i w fully digested the above, then read this Salaries of federal ie employes, including those of the territory and the District of n coare tubject to tax. Salaries and fees paid by the United States 11s eitjassadors, ministers or consuls accredited to foreign countries or )n 0Urign government to United States citizens are taxable, and the e dtent deductible. Fees paid a juror by them for entertaining is not all Hcjeraii government are taxable income, likewise the fees received s trustee or receiver, under the National Bankruptcy Act. The tariff-refiya notary public commissioned by the District of Columbia sa" 5 THE CITIZEN : WHICH IS WHICH? Perhaps France is militaristic in fact it is generally believed in America that she is dominated by the militaristic party today. But there are others. It now develops that France does not begin to head the list of European governments in military budgets. Great Britain holds that distinction. France has prepared a budget calling for military and naval expenditures in the total amount of $880,000,000. Great Britain has prepared a similar budget totaling $2,500,000,000. The comparative budgets of the two nations are as follows: For the military: England, $1,100,-000,00- 0 ; France, $732,000,000. For naval purposes : England, $860,000,-00For aviation: France, $168,000,000. England, $191,400,000; France, $50,800,000. Draw your own conclusion. 11 livestoL . 1 ,c . i of Special exemption of $3,500 allowed under the revenue act pendens in active service in military and naval forces is repealed by culture act of 1921. Soldiers and sailors are allowed only the exemp-e-p asiited other individuals, $1,000 if single, or married and not living wide:0r husband ; $2,500 if married and living with wife or husband, youH income for 1921 was $5,000 or less, and $2,000 if married and i wife or husband and the net income was more than $5,000. s bilL (annuities paid by the federal government to retired employes lemaikt to tax to the extent that the aggregate amount of payments ;ndere!e amounts withheld from the former compensation of the em-- ; rior 0; i TAX-EXEMP- -- own irather difficult to square the fact that federal officialdom and its and ofehousands of employes must sign the dotted line when income rolls around, along with the business man, the corporation, the shamed the. rest of us, while the cohorts of state, city, county, town e soldii workers go scott free. There is little that can be said against regnatei tax as a just and equitable means of raising revenue for the but it is ambiguities like those quoted herein, that cause tax wonder why states, cities, counties, their officials and employes fit. Massed in the same category as the holders of lovt ( ent, non-taxab- g SECURITIES. securities are competing so heavily with industrial, railroad and public utility securities that it is necessary for those who operate private business to pay exorbitant rates of interest in order to secure capital. The drain is so heavy that it has stopped development in many lines. Until the federal constitution is amended to place all new. issues of securities on a parity so far as the taxability of income is concerned, the securities will continue to get the money. And the taxpayer who is not fortunate enough to be exempt must pay all the tax bills, including interest and bond principal, besides having been denied the use of capital he needs for his own business. Truly we are working for the bond owner, who no longer needs to toil or spin, for he escapes taxation and we must pay all the costs of government and pay him besides. Tax-exem- pt pinch, or T le tax-exem- pt relat: amendment will relieve the bloated bond hold-sm- e tor present exempt privileges; merely extending the income tax esoine.tude all wage earners should suffice to place city, county and ans bvds and employes among those who also pay. erican erage man is no respector of persons, when the person to be under ordinary rges tlfPPns to be an ordinary American citizen, and nds. I':es he believes in tax laws that do not respect one class above ans i cgnstitutional will circula WHICH SHALL IT BE? rs. to? financit ism. Id mdreds of millions of dollars which the American beet sugar rs. stributes among American fanners and laborers for beets sugar produced under American conditions in field and fac- TAX? fig taken into serious consideration when considering a pro- f for this industry, which will allow it to compete on an equal in tax tjugaj- produced by Cuban growers with cheap foreign labor. beet sugar industry saves this nation from being left would Pendent on the foreign growers and speculators for our sugar , PREYING ON FARMERS. The Secretary of the Interior, recently back in Washington from a two months tour of the West, lias laid facts before the President showing that funds of the War Finance Corporation, loaned to banks at 5 y per cent to tide the farmers over the present crisis, are reloaned at rates as high as 12 per cent ; and many banks charge also an extra commission on such loans. Under the law banks may not charge over 2 per cent more than they pay for the money, and no commissions on reloans, and President Harding, who was properly indignant at the practice, asks the press to tell the farmers that if they are forced to pay more than 7j4 per cent interest for government money they are being defrauded. The government will at once withdraw its funds from such rapacious banks and permit the institution of suits to recover excess interest. Treasury agents have been instructed to investigate and report what banks are thus misusing government funds. - TARIFF VS. IDEALISM. om six t go a Impossible for this industry to exist in competition with sugar ; for a?i an island a few miles from the United States with the cheaper a nlabor and shipped here in free competition with our domestic kliaki-d- ; man "H the beet growers ask is a tariff sufficient to equalize this dis-- st of production and allow them an even break for the busi--zosdunerican consumers. om inCOf; two things must take place if our sugar tariff fails to give ne pay inctfirmers and beet sugar manufacturers this protection. Either At the same time that Canadian business men are complaining that the American agricultural emergency tariff act, enacted by a Republican congress, has hurt Canadian business by shutting out exports of agricultural products to this country, Democratic leaders tell their constituents that the tariff act has done the American farmer no good. The Democrats wanted the doors left wide open for imports from every nation on earth. It is our guess that the average American fanner will know which policy lie prefers and whether to believe the Canadian complainant or the Democratic seeker of votes. |