Show Tax on Sales AS S a relief from the life burdens of the fc federal income tax tux excess profits tax lax etc which arc are bearing bearin down clown upon the people without much hope of reduction in the near future an nn entirely new new method of approach to the whole tax problem is now under dis discussion on at Washington gt n. n It consists of the levying leing of a 1 per cent tax ax on sales and while it is is estimated it would produce in the at ut atc Teg an nn amount large enough to make it il unnecessary s ry to keep the tho other forms of taxation in force it would bear so lightly upon the individual that its existence would scarcely be perceptible For instance a person purchasing an article of merchandise merchandise mer mer- chandise for 1 would woul be required t to pa pay 1 cent for a 10 purchase 10 cents a purchase 1 and soon so soOil on Oil To further illustrate the idea take as an example the record of a n bushel of wheat wheal on its way from the farm fann to the miller to the baker and to the consumer T 1 rol 1 9 n 1 heat a at at Chicago is S U it a bushel The i c ay average erac price received on the farm is s estimated to be around 2 42 to tc The tax would be bc levied levie first when the thc wheat leaves the producer second when it leaves the thc miller and third when it leaves the retail grocer or the baker Prices an and taxes would then be as follows Price Tax One bushel of wheat would h beg r sold for o 4 l. l bushels of wheat to the barrel with with flour averaging n 12 a barrel bar cl would make one bushel of wheat in flour worth A barrel of flour makes from to 2 O loaves oa cs of bread One bushel of at is two-ninths two of a barred barreI barrel bar bar- red rel of flour This would make GO 60 loaves of bread to a. a bushel a-bushel of wheat Figuring these GO 60 loaves Joncs at an nn average of S 8 to 0 U J cents a loaf price would be This would make the total tax on all sales of a bushel of wheat from wheat to flour to to bread The idea has the merit of simplicity and novelty and is sai said to be under serious serious and s sympathetic consideration consid by the chairman of the thc ways and means committee committee com com- nn and by powerful members of or the Senate committee commit commit- tee on finance It lt seems incredible that such a n meager t tax x which is designated b by some of its advocates adoca es as H the the invisible invisible ible ihle tax taxI would produce so large lame a a revenue revenue rC as five fi o or six billion dollars a n year car yet the experts are so 80 con con- winced vinced r |