Show SAYS s CONTINUATION OF PRESENT TAX TAXi i WilL RUIN Prof Adams Declares System System tem tern tem Is Not Suited to toI I Peace Times Dee 14 Continuation U. pf ot maximum c tax rate rales on bl bur big In- In J 00 jl will break brik the back of the tn- tn n- n oo s tz system Thomas Thomaa 8 L ta tax taz expert of oC the treasury de- de told tod the house boule waya ways and means mean yesterday l witness l ta the firM hearing healinE on I said th that t the tho pr prent ent n t i- i lOH 1 of 73 13 per cent cent 66 96 p per r cent cenI curd cur sur- lr d f per cent normal on large In- In Impracticable In tit times time of 01 peace I im b bo fully enforced aust t rod reduce the burdens of ot the tb tax taxes or It will go the way of M said isid Jt Adama I. I to to se i the burdens burden of ot the In- In reduced wb where they by are bear beo aMIt I want to see aee the Income fl i 0 I Mid asid that we e cannot successful successful- I I IB In th tha tM tans Ion run taxes In excess exee wI it L aid Id i that to low lower fir the high tax Incomes Income would prompt theto the to Invest bayt In ordinary industrial pot not free e from taxes and which the treasury material revenuer revenue return r while at the high I e were wira d t their own p purpose bIs e the lit wealthy 1 Invested Invented In X t from taxation and the tress treas- U revenue was wa consequently reduced Green Oreen Iowa Lowe I a constitutional amendment to tax mu mu- muI municipal I Ici and other exempted securities I Adm Adana however opposed 1 this thie on the theDda rounds that the amendment could not be c made mcd retroactive e and n that the goy goy- ov- ov still would be unable n i t to collect t tuxes taxes on these thele securities during the leera several sev le- lid era eral years which probably would be ho re- re re required to secure cure adoption of of such uch an i amendment |