Show Ta Taxes eS And Na National ori l lL L P Income i i A A recent tabulation in the United States News comparing comparing the rela rela- rela relation relation tion of taxes to the nation national l in- in income in- in income in income is the problem that come come shows growing constantly more serious In In 1929 the national income h touched its ils time nil high of or 79 79 79 Taxes took of it it per cent In 1933 the national income wont to its war post low JoW of 43 43 13 Taxes took per cent Last y yOur year r national income was reached the tho Taxes ratio on record taking mo more than they took in the boom boom- years years-Or years cars or r per cent Some apologists for the rising tide of taxation pointed out that levies ris rL- rising raSt fast government as-government are arc wg ing g in this country we do not yet much to the tax collector collector PY Tl out put as tor as 83 do the burdened citizens of some foreign countries The English Eng- Eng Hah lish for example pay about 25 pet per cent of their income for gov- gov gov government There Ther is is however a vital diff difference rence between n this country and England The latter lat now has hasa hasA a balan balanced l budget and her taxes pay y all the cost of running the American taxes pay but part of the cost billions cost billions in ts are being created and charged against the tho future Some Seine day these deficits must b be and laced faced and when that day comes th the ratio of taxation to national income even if substantial busi busi- busin busi- busi business must greatly n ness fleas S revival occurs increase It It- It Itis is no secret that if to- to today's days day's taxes sufficient to pay all government costs or extra as well as ordinary the ratio would be well vell above 20 per percent cent and and would perhaps be bo the highest in the world Most experts believe that the pu public lic of the last few years make higher taxes absolutely ab the inevitable inevitable b best St we wo can cnn hope to do is to force economy and retrenchment on gov gov- government gov- gov government to the end that tax in- in in increases eases creases be limited as much as pos pos- possible pos possible sible the budget balanced and the national debt reduced |