Show 0 elt LCT 01 TAN investments in fax tax exempt ties have resulted in a reduction of 0 more than 4 in the tot al net incomes reported tor for last year in 1916 persona persons were report ed in the million dollar income inc ome class and last year this had shrunken to only 21 persons as a result of 0 billion dollars or more 0 of tax exempt ties being issued every year and gob bled up by the investors it is estimated that 30 of tax exempts have been absorbed by investors while taxpayers wih with ne baet incomes of 0 3 or r less pay more than 46 per cent of the federal income tax between Bet tile he excess profits tax and reducing incomes by investing in tax exempt securities we are not making the rich poorer but the poor are made poorer tor for more and more the bur den of the federal income tax is tall fall ing upon those with small incomes |