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Show TAX TRUTHS A system of taxation which penalizes penal-izes efficiency and thrift is not the best system. Taxation which takes from those who have and gives to those who have not is one form of communism. Taxing the physical object and the shares of stock showing ownership, or the mortgage on the property are forms of double taxation and should be abandoned. Nothing should interfere with the duty of the assessor to equalize assessments, assess-ments, and through this, the tax burden. bur-den. Tax spenders can seldom be depended de-pended upon to reduce taxes. Common sense in taxation is as necessary nec-essary as in business. There is a point in any form of taxation beyond which it is unwise to proceed. A tax which discourages industry and thrift is dangerous in any state, and especially so in a republic. Tax economy in spending should mean the receiving of a dollar's worth of service for every dollar spent in taxes. Cities are known by tax rates as well as by paid advertisements and posters. Investors are more concerned with taxation tax-ation than with climate. R. A. Van-dergraf Van-dergraf in The Tax Digest. |