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Show COMI'OUND TAAATIOX A leading western bond house mads Out its Investment Bulletin, dated November 2fi, with a list of 142 American bond offerings which arc exempt from all Federal Income taxes. Hundreds of bond houses over the land are Belling similar Issues of tax-riempt tax-riempt bonds. Every city, county, state, and the nation itself. Is Issuing increasing numbers of these tajc-empt securities It I estimated that already over MO. 000, 000, 000 of wealth invested In thta class of holdings is escaping taxation. With bllllona of dollars being with drawn from taxable investments, the tax burden climbs in proportion on the remaining taxable property. Taxation Is slowly but surely reaching reach-ing tie confiscation point. The efforts ef-forts of our law-makers to find new way of taxing the people In order to raise revenue would bring better re-suite re-suite If they would exert themselves to cut down our tax burdens by changing our laws so that the billions of wealth now going Into tax-exempt securities could not find this loophole loop-hole for further investments to es-eape es-eape taxation. Our laws should be amended so tax-exempt securities would be a thing of the past. |