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Show Mil lflltK -tlllbviim TtX. Tnr Now Votk Legislature has under consideration a measure provld. lug for asuccission tax on real and personsl proj-srly. On tho market alue of th latter suing to husbands, hus-bands, wives, tarcuts, children, etc., by will or Intestacy, a tax of one ler cent. Is contemplated. On real rorty passing lu theesme manner, a tax cf flvorcent. on th market valuois ala i to ba Impose i. There Is a proviso, however, which exeiuiU personal propcry to the valuoof $10,000. It is (ald that there Is iioeieuillon In tho matter of real estate. Tbo exem-llou In lb lersonal properly lax seoms fair enough, Inasmuch aa It excludes the working and Industrial classes, w.ioe personal effects rarely exceed th $10, UOO limit. In th case or small real estate owners the tax, It would aprear, might In a real hardship. A small farm worth $10,000 pa-asug Into the ban li of a widow and children would b tated tVid. A bill of this kind aa applied ap-plied to vast estate may have som reason behind It, but as aplled to small pro rcrtlis It looks Ilk confiscation. confisca-tion. Kconomlo reformers contend that tbo ownera of target estate do not con tribute to taxation lu proportion to their possessions. The talgatherer Is cheated on everp ps-slbl occasion by false returns and rJuroJstatmtts. Hy placing Iheauccesslou tax falsa relume re-lume are obviated, end th rest value of property ascertained by reason of probat i roceeduro. |