| Show TAX amendments WILL 1 l EQUALIZE TAX mm T J interesting sta sum cj giving insight into tax amendments amendment aa the national bureau of on C 1 wh y 11 I 1 research of ofner new says h approximate income of C itah tl coile averages abacut only or was e earned from property 34 3 4 or of this income was earned by salaries commissions fees etc what significance acance docs this have to the lax tax pier payer of utah property earns only 00 0 or r 1 A I 1 of the total yet it carries arries he be entire direct tax foad bad for orine the arti of the state county aa anai rc city ity governments the other income incomes fam fpm amounting to goes pi practice ally scot free property such R ai I 1 1 mines farm lands and equip equipment i homes store buildings and liv livestock estock carry the entire tax burden J whit class cass of property do vil 1 chos taxes are you paying C the tax amendments will bring relief to the who own U tangible property by trans transferring fering part af of the tax load to the people who he receive IVe the 0 of f ivanne inc cinc it is intended that every aillar dollar from the new sources of wealth under the tax plan will be used to reduce the taxes axe 8 of the prop m er who now pays practically all tho the taxes ii i I let rit nip emphasize the tha people of utah will v n not oi on N november ven iber ath vote upon rk tax laws law still thai will change our tax system ve are simply voting constitutional amendments end ments that will liberalize the fund all entail law of our fhate state inthe cm aln emd ments pass it will merely mcke it possible for tho legislatures of f tile the future to adapt our tax systems to the needs of our state Th nature of business and property is constantly con dansan 1 aly changing under unac our our present nt hard and fast iely impossible to equalize equally th the tax burden that document requires require that all property be taxed at a uniform rate by i theory and experience we know that it is impossible t t tax intangible pro 1 perty such as stocks and bonds money j anT solvent credits the same ps as other property amendment no 2 is the important I 1 one it provides for the classification a of property so that the legislature may if it deems wise place a tax tn property and upon people who receive salaries sala rips commie fees etc and those who are doing business in the state we may say that it provides a tion of property and a practical in onie come tax let me mention a few of the people and concerns that are living in utah making their money here and enjoying all the benefits of government they are costing the state considerable money to protect and edu educate citte and who contribute bute practically nothing to the cost of government this class will include doctors lawyers all men who receive salaries brokers building and loan companies automobile tin fin ace companies and the owners of in tangible wealth according to the fed eral era gneme lIncome tax department there Is baj more than of wealth in utah this wealth is contributing I 1 practically nothing to the support of j gm irrupt do the las payers of V U ih to carry cany on thou their back this titis lu bu icci icci of non tax biyers it Is actually bard to believe b e lieve that we ve hive have st od for foi this gross giboss injun injustice tice ro ieng irn the tax ot of utah have leen been a most patient and indulgent lot one onesi or two examples will be enough to prove tle the injustice of our oui system tile the largest building and loan in in utah with gross gros assets of irately has paid in taxes less than an aver average age of 1000 a year it has grown immensely rich and partly because under our an antiquated tax system it is not fairly taxed th ohp president and general manager ina naSer of one of largest public utilities in in the state said bald 1 I have made abut ab ut a year in utah from salary commissions interest and dividends id ends and have paid less than a year vear in 1 taxes taws I 1 live ine in a rented house under the utah tax system I 1 cm am only required to pay taxes on an automobile and lic furniture fuin iture I 1 have three children chil dien in school have fire file and police pi protection election my business is pi protected elected and made secure I 1 un dei heistand stand that the of these things to my family would be in excess of aloo but the tax system has taken less than why dont utah I 1 change the tax laws so as tn take tak a fair tax on my annual annualA inome in neome ome DC the tax payers want to pay the taxes of this and similar sin it lar men let me remind mr mi who discussed the tax amendments in a recent issue of the tirres times independent kofl of I 1 moab that the tax plan does pot not per mit dauble taxation on intangibles intangibles may be taxed Ps t s property I 1 or income either method may imay ae used but only one the husi busi ness nes income cr excise tax is intruded intended to apply to individuals partnerships and corporations doing business in ih utah this tax will ivill not be confined to corpe rations as mr sug 1 gosts I 1 am sure suie mr air is M mis taken about the results cf the plan I 1 it is calculated to reduce taxes on property such as lie he owns lie ile abou should id bs b for foi it let me assert that the tax amendments d not contemplate a new or tried system of taxation A tax le re lei i vision commission made up of three mien men of outstanding ability slid and chat char acter studied the tax plan for practically an entire year they were i assisted by a legislative committee of of eleven men they sought information a ti I 1 on from every state in tle the union T they h y secured the services of doctor lutze of princeton university me cne of the greatest tax authorities in the world this plan is the result of their conservative and thorough research the last legislature after thirty days of undisturbed study almost unanimously adopted the plan as outlined in the amendments I 1 wager that if the people of cf utah 1 would make the same intensive study 0 of f the tax plan that nine out of every I 1 I 1 amendments te ten n citizens would vote for the tax remember that every measure suggested in the amendments has been tried tiled and proven in other states thirty four states tax intangibles twenty have an income tax law and each year new states are adopting these methods of improving their tax systems I 1 remember it is the sole purpose of the tax plan to equalize the tax burden by distributing it among all the people in the state who have the abil ity to pay the alo receive tile the will be required to shoulder dei part of the cost of government tile the people who receive deceive tile the and who now pay til all the taxes will be relieved of pait of the load I 1 believe those who oppose the plan fall in in one of two classes they do not understand its purpose and practical application of the plan or else they are arc especially favored by our present system I 1 wish it were possible for me to raise the curtain and let you see men who are vigorously fighting the amendments and lighting fighting because of the favors they enjoy under our present unjust system in most cases they consist of mm men who are best able to pay if the people of san juan county nv want ant those who receive deceive of our oui annual wealth to continue to escape taxation they should vote no on the amendments if they believe the people who hecei receive only of our oui annual wealth should have some help from the above people in in 1 1 pulling the tax lead of the state tiey they should vote yes |
