Show o o- o 0 0 1 1 TIMELY TOPICS 1 I 1 o 0 o 0 oTHE THE S SURTAX MYSTERY A man worth died last year It developed he le has R lia paid no federal income taxes since 1916 and legally ISO so Instead he bought boughs t tax tax- x- x exempt bonds of ot his state and city But for tor or this he would woud have contributed over toward the expenses of his federal government nt Federal ex expenses expenses expenses ex- ex were not Qt one dollar less because h he did not pay Who did pay the Julius H II Barnes Earnes president of at the chamber of ot commerce of the tia United States and the principal speaker at the recent community dinner in Oakland las summed up the mystery of at the surtax in Ip the above illustration While there are men who persist that the surtax Is s something Jn In n which the small taxpayer i is not interested such warnings as tile the one delivered by Mr 11 Barnes are pertinent it It is obvious that tIit tho the national income must be sufficient for tor the expenses of and that if it the tax r receipts may be reduced by what Mr Barnes calls frightened and secluded capital which means by those who prefer I to o put their money into tax-exempt tax bonds rather t than nan m into business investment Just so much money must be bo raised by increased levi levies s on the many millions of those who ho pay taxes A A surtax fixed too high d defeats teats feats ts object and th the burden Durdens is passel passed on to the small taxpayer I This is the Ule position which those in congress who oppose a 0 reduction in surtaxes must be prepared to i defend The average citizen has every reason to I II be interested tel 1 Vitally in the outcome oakland Oakland I Tribune II |