| Show The Forgotten Man ManBy B By L. L A. A The proposed revision of oC the income tax by our present legislature shows that the forgotten man is still forgotten For the forgotten man mart manis manis martIs himself and family nor northe northe northe is not the man who cannot earn a living for the man with the income he is the man mart with an income of ot from one to three or four thousand dollars S. S Our monopolies keep prices up upaL at aL the one end and organized labor gouges him at the other and the government favors either cither one or the other or both and has nothing todo todo to todo do for the doctor the lawyer the small editor the teacher or the small business man He is supposed d to take care of himself The poor cnn cart get billions for relief and work make-work jobs the rich can get high tariffs tariUs concessions and what not from a n fostering nation but there is nothing for the man in the middle he is between the upper and nether mill mill- stones The tables showing the proposed change changes in the income tax and its Hs effect on the various incomes recently published by The Telegram are reproduced for your study as to the fate of this forgotten man NEW NET INCO INCOME ME T TAX X BILL BILI AFFECTS YOU Itron Married Person 50 Person No de dependents No dependentS dependent 3 dependents i tI to P s- s sp p D 0 53 s k tJ C M 4 tJ p S' f u 8 c 1 c a I sC s a c 1 sc s c cc J Jg o. o rt- rt g p. p a. a ti I tO 0 1 I 2 1000 1 1000 1100 2000 2350 1100 00 2350 2100 00 No allowance has been made for tor offset credit for tor taxes paid on tanNo tangible tangible tan- tan gible property in Utah in making the above computations TAX SCHEDULES USED IN IX ABOVE COMPUTATIONS Present Proposed Taxable income range Schedule Schedule Personal exemption single person Personal exemption married person Credit for each dependent 1st 1000 of taxable income 1 1 17 2 2nd nd 1000 of taxable income 11 lUT 3 3rd 1000 of taxable Income 1 4 47 1000 of taxable income H 5 57 1000 of ot taxable income 2 27 6 67 1000 of oC taxable income 2 6 1000 of ot taxable income 3 6 67 of oC taxable income 3 ST 6 67 Over of oC taxable income 4 6 67 Offset credit for taxes on taxable property in Utah Utah Present Present schedules schedules sched sched- ules 33 1 l' of Income tax but buL not exceeding property tax paid Proposed Proposed Proposed Pro Pro- posed schedule No offset If It house co committee had not not amended this bill you would have been entitled to credit for tor property taxes paid up to 50 As it Is all increases are in addition to taxes now paid To this should be added the tax on two higher income incomes An unmarried unmarried unmarried un un- un- un married person having gets his tax raised from to a married person without de dependents dependents depend depend- nd- nd to and with de- de from to At the figures are respectively respectively respectively to 1070 to 1040 and to 1004 1001 See How They Climb Now note the percentage of ot Increase in increase increase in- in crease In each column and bracket for each type of oC person Z i rI dJ tj d 11 na n 1 n 4 1 r n nf r r- r 3 f 5 O 5 3 J Po n. s Po 3 q f n ft t 0 a e rg n g c lot W 1000 1900 29 1 90 0 lii 76 84 M 92 This is the percentage of or increase In each case of the proposed tax compared with the present tax found lound by dividing the present tax into t the e difference between it and the proposed The figures make it very evident ident as 35 as to just where our state legislature legislature legisla legisla- ture stands In regard to the man who Is earning the medium salary alary and who docs does what America thinks is 15 fo for tOI the public good takes good takes to himself a wife and md has a famil family Penalizes Married Earner In every bracket the percentage of ot increase for lor the family of five is la larger arger that for lor the childless child child- less married couple and the latter is higher than that of the single person croSon And this in the state which has done all In its power to encourage encourage encourage en en- courage marriage and the rearing of families All AU careful students of ot sociology agree that it is for the best good of the state that all men and women who are fit tit to to have children should marry Yet our legislature composed largely of r members of a body wholly committed com corn to this approve approved idea seems to be on the way to passing a law jaw which will be strong argument to any young oung man to remain single Favors the Rich Man ManThen ManThen ManThen Then again the legislature seems to favor the rich man more than it does the poor for in every bracket past each succeeding thousand thousand thousand thou thou- sand brings a lowered increase in inthe inthe inthe the percentage of excess of the proposed tax over the present being being be be- ing at 76 per cent 84 per percent percent percent cent and 92 per cent for the th three thee ee ci classes asses There is no doubt that the in income income income in- in come tax lax rate rale will have to be increased increased increased in in- creased but why cant can't it be in increased increased in in- creased so that the rat rate of increase will be parallel for lor all three classes claes taxed This can be done by a restoration of ot the present exemptions exemptions exemptions and by doubling or even tripling the tax rates for each bracket braclet as they are at present with some d for property tax It does at least seem that a body of oC men looking lookin to the good of our great state will be bound in conscience conscience conscience con con- science to look belt better r than it has hasto hasto hasto to the rights of or all men drawing salaries in the medium brackets and to the rewarding of men for marrying and rearing families |
