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Show HOW MUCH ARE YOUR TAXES? If you have an annual income of S2,080 or less, how much of it goes for taxes? There's a good chance that you will say "none," inasmuch as your income is below the level reached by the income in-come tax, and you may have little or no property on which taxes must be paid. But, according to an article by Royal Roy-al F. Munger in the Chicago Daily News, your taxes come to some $480 a year. One hundred and twenty dollars dol-lars of this represents taxes included in your rent the landlord pays them and passes the cost on to you. Ninety-six Ninety-six dollars is included in the price of your family's food the farmer, the processor, the distributor and retailer re-tailer pay them, and they become part of the cost of everything in the grocery gro-cery store. Twenty-four dollars is included in the clothing, furniture and similar items you and your dependents depen-dents purchase here again, manufacturers, manu-facturers, middlemen and retailers are all heavily taxed and must pass their taxes on to the public. This totals $240. Finally, says Mr. Munger, other indirect tax burdens that affect the cost of living are estimated es-timated to take $240 more out of your family's $2,080 annual income. On a percentage basis, as a result, you pay almost twenty per cent of all you earn to the government. Too many people have accepted the fanciful theory that the rich pay all the taxes while the rest of us get the benefits for nothing. No one escapes taxes no one ever ; will. And the average man, with a small or medium-sized income, would gain most from retrenchment in tax levies, regardless of .the guise under which they may be labeled. I |