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Show BACK BREAKING TAXA- liH TION laH Taxes on Insurnnco lndustiy In ' laLH tho United States hnvo increased to Bfliifl such an alarming extent thnt the Ifiiiil National Hoard of Firo Underwriters iliiil has Issued a repbit in tho matter. I'ilii In 1914 total premlu'ms collected tll for fire and murine busluoss by Com- tl pnules lepmtlng to tho New York jB commissioner wero 3CS,C92,24 1.40. B Tnxes nnd license fee paid by the r- , s snmC companies In 1914, nmounted rl to f0.934.0C2 43. In 1013, prom- isifl lums amounted to 020,n2n,087.57, il with taxes totaling $27,966,971.95. j B This shows that tnxes Incieased j B Ihiee (hues while premiums Increas- " f; es less than 100 per rent. W'v, ) B Out of the companies reporting B nboie figures, 146 American stock "'''.. B companies pair $21,756,483.26 or tlio B total $27,966,971.95 tax. Tho com- I SBB blned capital of these Amci lean com- J BBf panics nmounted to $1 16,645, S05y A' W 1 'flVal Hence thoy arc pa) Ing nut annually BBl 1 S.6 per cent of their entire capl-T r HDBJ J i , - . tH Onb of the mosL serious nspecls of tm -HA-- the sjtuntlon lB that If taxes aro not -"4'' v BHBJ lowered, to some extent, Insurnnco '1 BHBJ rates will bo Increased or else Her- . .1 SBBj .vice to policy holders will suffer. An taVBI annual tax of 18 per cent of an In- 'HV dustry's capitalization Is enough to 'BBV bicak the back of nny business. HBV I '' ! |