Show TAX Ar I c Ic c BY R E HAMMO 0 7 mm TAX EXPERT Mr Ir Rows Roscoe Ro oe I loin ni 1 of the tie Stint board Doard of tion ani ant a so a niem mem member ber berof of the St Ste e tax lev i 1 ov ev gion Gron mission corn com m commission I mission was tip a at t a met met- met met-in et- et n W the LIO Lioni chi chi-b nightA Thursday night A S l-Al l Al to whIch the p c was Invited HIs discussion cov covered cove ed many phases hue s of our present St te tax laws and the amendments to the tIbe State Constitution eh will be i ted on en at the November Novem November ber election These hese amendments ere are was ng sprinted printed Le here m in this land and andt ey eF papers papera the Stet nd a are sort wort ort y of careful e study it by A According cording t Mt Hammond the in- in anent m-ent m ant ent of the a is NOT to site alce greater I amounts of taxes s buto butI but o I adjust tine the tax burden nitre equit- equit bly wy on t era by taxing ta prO property ellY lot NOW HE IbE L HED He sated slated that 8 1 per een cent of our State taxes are a pad on tan ble property such as real estate nd our nta nt ur farina mines and abd ImprOVE ImprOVE- improvements ments while while income from e the e k ea h about 10 per iper cent nt of our wealth 3 21 d that the other 90 Per percent percent cent such a income from fryn stocks bonds bonda merle credits salaries s e eP ete which tach i l classifier classified as property i la II not being taxed for the support of fur ur Stat State it I IlIe lIe He showed shoved how boss boIt it its s is poss puss ble for a person to enjoy a large income n the form of interest dividends and salary and nd by living in m rented Tented quarter an on i 1 owning no re real J estate to escape 1 with Ith only a small 13 tax tae on lus his automobile furniture tum while enJO enjoying m all the benefits ptOle protection roads schools etc It it the q of others who are less awe to pay U It If the amendments amendments are pissed passed It Its itis itis is s proposed to subject t income on intangible m- m tangible property to a tax on either az al income ros or a G levy which would be lower ID osier than that on general property and to Jo reduce the lev levy on ans s 's 2 1 props rop t- t tty ty such as our house t ang 1 hI ai in c P bv v in m mount correspond to the tb to tl tax US ra a sod sj on intangibles Thus the t ti Ed i tax collected by thu thuS th J S ate t be I but lie lieI t ii burd n burd-n lJ bf 61 fa wo we ill 11 1 b be mo e eV Icv I V ly Go tel ted Mr fr Ha nd favors f a State in income come cone tax J 1 lef for Utah similar t i laws now o in successful operation in 10 Ir i twenty t elates ta of the Union Umon Th ff T 3 s 1 is ba bas d upon a abIlity to pa rather than upon value of ofa a which owned or may not no noi b t income producing g gI I It would p pi bably require single persons to fil income e t tl returns If tf their income Income- e recede eed 1 I 1000 and surd mar moar warned persons persona n 2000 A credit of aJ out about w we ld Id d oe or allowed for fw each child oi w or J ei lent The he T he tax bax would ply on into inco ie a alb above ve these exemptions p exem and cred credo ts is at ai 1 per cent on the first 1000 2 r cent on the d 1 1000 etc ec t l to a maximum of 6 pe p cent This Wo iM id d mean that a sing SlOg eperson e eperson eperson person dependents having an of per month would ay Ir ome tax of Df lo a 00 per pr Y year ar Mar Marr Marr r ed wi i one depend ent would have exe and credit of 2 2400 00 and would n not no t nav av arl state income tax unless 3 the site inc me exceeded per month nth is JS is s milar to the provision of ti r federal income ta tai except that bh 6 personal exemption is 13 lower sm is said to receive IG 10 per cent of If i s taxes on an en income tax of this sort In Oregon the State e income tax exee ed more snore than twice tIce t Ice the the- amount exp ep e p tIn ted during the first firsty y year ar of its ope operation tIon There are aTe 1 sic siv f amendments to be bew be w ot upon at the coming election Three of these deal v n taxation Inc lae first provides for a change m in inthe inthe the State Constitution to permit tax tax- taxatIon taxation tax taxation of intangible property The second provide provides board oard of equalization tt w th some in powers The third amendment ame deals nith ith the t talon ti ti alion atron alon of mines Beside Bt ide these amendments on tax tar ta aton aton are three thre-e others which provide fit fin t for the filling of vacancies m in inState inState State legislature second ond removal of the State and third for forte forthe forthe the te equalization of school chool revenue re The The 3 a am amend lents cents ate aie al e of Df vital in- in m in tel st to La K all ta taxpayers and are arc mat mat- matters matter ter upon which i huh voter voters voter should inform themselves |