Salt Lake Telegram | 1929-10-17 | Page 2 | State in Need of More Taxpayers Watson States

U STATE IN NEED OF Of MORE I TAXPAYERS AlP A WATSON SlAT S SInco Income Inco e Tax Would W QuId Increase In In- crease Public Inter Interest est est He Says The state must treble the of or persons who are paying pa taxes and must set get a substantial l tax rom from each John C. C statistician and tax specialist for tho Illinois Illino Agricultural association ci told tho the Joint meeting of ur the tax revision re commission and the legislative e ta tax committee o at the state capitol Thursday Mr Watson Vatson advocated d dan an income tax a l severance ce tax anda and a a big reduction in the thc property tax Watson Vatson was emphatic In his statements that the pres present pr s sent s- s ent cut system was leading heading to confiscation cation of ot tangible property He Jo pointed out that the number ot of property owners Js JR dwindling dwindling- in In- proportion and that the tho number of or wage wage earners earners and dividend collectors coiled coiled- tore tors I Is growing l He Ic declared that at present tangible property properly brings to the thc state stale of ot Utah les less s than 30 per cent of ot its net Income but has to stand almost per per- cent 0 ot of th the taxes i 1 l He Hede de declared that 70 per nor cent of the tho income came In the form of of wages and dividends and yet these items Items' paid no flo tax tar Ho He called caned attention Its at- t to the growing tendency to work vork for Or wages rather than to own 01 small producing properties and al alto also alsoto to the thc fact that a 1 great bulk of the American A public had found it cheaper to became tenants than property owner owners He charged th the state stale tax system with stifling til tho backbone of or a democratic nation nation- ion tho the producer of ot foodstuffs and ind and tl th q homo owner WANTS INCO INCOME E TAX e Watson Watson came out Jut unequivocally for Cor an income tax He declared a against a sales tax because he hc be believed be- be In taxing ability r rather ther tha than taxing necessities s. s The Th ideal l In in- In Income income come tax would take care of ot the I entire cost of or government o he lie de- de Continued on page 7 7 I