OCR Text |
Show SCALE UP AND DOWN Wether is be by President Coolidge Cool-idge or by any other public official or agency, efforts for tax reduction will meet with popular approval. For the tax burden is real. It bears heavily on everyone. The farmer sells his crop and in turn gives more to the tax collector than he keeps for himself. Last year the railroads paid in taxes in the amount of $340,000,000 or $30,000,000 more than was paid the. stockholders. Merchants may, and usually do, add their taxes to the selling price of their goods and wares, thus passing pas-sing the tax burden on to the consumer, con-sumer, but as taxes raise, prices also al-so soar, sales lessen and profits dwindle. The rairoald like the" merchant, mer-chant, obtains its revenue from the merchandise, hence it too passes' its tax burden on to the consumer. The tax burden cannot be shifted Directly or indirectly it falls on the general public. The only way to reduce re-duce it is to scale up economy and scale down extravagance. |