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Show HH'' LEGALIZED LARCENY n ' Tax exemption is legal evasion and it ' requires neither evidence nor argument ' to slow that it s a mere suiting of 'the '' IT tax burden upon others. It is legalized fel H larceny committed against all taxpayers U.. .- bycwithholding moneys morally due to the public treasury. Under our present federal farm loan act, the federal farm loan bonds are sold free from all forms of taxation. When the act was passed income and general taxes wore a small matter but today it is different differ-ent and there is no excuse for failing to amend this act which now permits the issuance is-suance of hundreds of millions of bonds, free from all taxation. It is not fair to other industry that such tax free bonds be issued and backed by the government for purely private purposes. pur-poses. Taxing the bonds would in no way injure the" good parts of the farm loan act and it would make the man who borrows the money pay the full cost of loaning it. Incidentally it would (do away with one of the best means of "tax shirking" k la Hi |