Show special privilege or equal taxation an eastern bond house specializing in government bonds has issued an exhaustive statement showing why this type of 0 bonds should be tax tree free after reading it all over one is impressed with the tact fact that the arguments presented are largely in the lit in terest of the holders of tax exempt bonds and not in the interest ot of the taxpayer who must dig up tant taxes in order that the income from billions of these bonds outstanding may go absolu absolutely iely tax free the statement claims that taxation ot of the income derived from public bonds would cause a higher interest rate that would have to be paid by every one at the present time the daffe difference in the interest rate between tax exempt bonds and taxable bonds of 0 standard issues is stated by the tha bond buyer to be only about one halt half to one percent public bonds could always demand a lower rate of interest than private bonds because public bonds are the safest form ot of investment and stand as a mortgage against all the property in the district where they are issued which is the worst to have a possible slight addition in In interest teresi rate divided up among people or in having nearly people paying millions in income taxes in in order that a small minority which owns billions ot of public bonda the basis ot of equality and equal taxation lot by building up special privileges and tax exemptions for a few |