Show more public functions more permanent taxes excessive tax rates defeat their the irown lown purpose they result in driving capital into tax tree free and la in slowing down business IN when hen the rates are reduced the anticipation of 0 reduction stimulates industry and brinad larger amounts of income into the field tor for taxation says a missouri exchange the returns return under the now new income tax law lav are running true to form with the high surtaxes sur taxes cut in two the collections tor for the first quarter of oc 1926 are running close to thesel ot of the first quarter of last year the outcome indicates a larger fund available for ac aci i tive business and aad a stimulation of in dus ry that should contribute to maintaining wages and to greater general prosperity it la is essential ithac local taxing bodies including state governments adopt scientific policies for tax lax relief Po possibly sIbly in some instances local taxes cannot be reduced but the people and d officials can refuse proposals demanding unnecessary expenditures which pile up a permanent and increasing tax overhead new laws new boards board new bureaus and new government functions all mean new and added taxed |