Salt Lake Telegram | 1925-02-07 | Page 11 | Tax Lists Reveal Little

I Tax Lists Reveal Little I IBy By DR FRANK CRANE The rho publication of f the income taxes recently h in inthe i ithe the new newspapers apparently with the authority of the United St States tes government has turned out tobe to tobe tobe be a veritable hoax The law authorizing authorizing- this publication was put through by the progressives the Democrats and a I portion of the Republicans contrary to the advice of f Secretary Mellon recently The publication atlo was I made Just to previous to the election and it itis is thought th the time of making this publication was due duo to an all effort to influence the choice oC or the people The fact according to to Elmer lessl ger who is an authority on tax questions is that no one cantell can cantell I tell teIl by reading the list what a a II mans man's income Is There are a hundred ways of legally legan evading pa payment pay pay- ment on large ta taxes es No 1 one of them is overlooked I by the business man The only man nan who is paying the limit Umit la Is theman the theman I Iman man of medium r salary The oper operation of the tile taxI tax taxIs taxIs Is unfair and highly iniquitous an and 1 the published I lists are absurd in m their distortion of the real facts One way of dodging the tax is to sell seIl a II huge block of of stock and buy it back at a lower price In Int j t this tills case case a man still has the stock and he is ill no noI worse off in capital l value alue and much better of off as asfar asfar asfar I far as taxes are concerned I Another wa way is to 10 bu buy real estate or any property property which Is not paying dividends but which II will wUl eventually Increase in value While holding this property a man has no Income tax to pay for there am are no dividends but when the accretion comes coines he realizes a profit and Is only amenable to f a tax of 12 per cent Another method is to form fonn a corporation By this method Henry Ford for Instance has hasto to pay only a little over over- fourte fourteen n million dollars because his Income is only that of a corporation Although I II I the interest from these securities Is not large and I at a lower rate than tax non-tax-exempted still being II III free of tax it amounts to r more ore in the long long- run It Is 11 Impossible to tell a mans man's Income from his ta tax There are a dozen ways wars to avoid this tax and I he uses them in countless combinations The wife the competitor and the tile merely curious are fooling themselves if it they think the tax list shows them anything j I Copyright 1925 by McClure Newspaper S Syndicate