Show reasons why the excess profits tax should be abolished dt at once by J II 11 TREGO seey secy treas catl of credit men there are arc vitally many reasons chy hy the lie so i o called excess profits profit s I 1 tn ax should be adoli bcd one or of lie principal prin jik is tile inequalities that ire arp 0 so o evident evil lent under 60 lii priM nt 8 system ol 01 if taxing latino tho earning if corporate lit eliere e it has as bin bi n no relation lulion re bet bol bollwein wein e V 11 1 alic I 1 1 ta tax ast ard against L tit tin of tin till 1 I ion alu Nil dell rh is the elty of tile i and alli tile lie illo olive and ability tu to pay of tile lie individual stockholder to whom in ill reality the income hurlong and against whoso Ni ioe tie tax ii is in ill reality ard vv va therefore tile the percentage of tn tax paid liy b tile cot corporation pora hm lia in effect been n I 1 flat rate ta tax on oil the t income of all koA holder loth both large and nn ill ill i Tega cardle rilles s of whether they may leave it total tot e deeding their exemption or not ond and hadnot lia snot in illy any sense beell a w oed with regard t ln the individual Sh 4 income oud ability to pay alii I 1 tint that the 1111 f mall lin ills paid indirectly tile the saine panic per vent of ta la with T n esp act to Us ali intonte froin corporate curp orate investment as the llie large in the i nine r c lany flauy aln in mt realize that a corporation is really jn t a 11 filp of everyday ojill lain boilet t ci timis aclin acting a a ingle pr ol in I 1 1 under I it corpo raiv name ii ini I liere are thousands of vies cios c i os nilore alir ill lil holders have only atily mall incomes income of if a sic that does not ilot make them able for any iny inconis tax I 1 congreso Con on gresi s tile pre ent III t on for the i of liaina it paid liy by people of ellid nd laigo ge in co inc mint apical c mu inn 1 t have its reward if it accept a li aard and that thai the prospect prospector of repaid nuit lra roat cr than if cerello acre le rello no lia aid i in kiil ly iv moi of our great inventions cicur r would hiir beell ie velolA if alvy alii y awell wi for capital on oil an all 8 per vilt return with no componation aaion for tile alio lous IU LS and only a liala antin rt R t in ill tile the over alic ill S err cent tho sanie lias ims to ie be what it is today hrcan o L it cilian cili citi cn OM wera aoura g and aro Nill villina illg 11 to bael back now new and elite liter new IM fields to io put their spital at building or i lle mill 1114 untried in the hope of extra return if those return re 1 ire aru to 10 lir ile Lil them faiq BIM ar not leuly to in these hazar 1011 and the country as a a I 1 i little will jose lichau li ciau ic of this lack of development nt if american ii to lie ile nc ir if now new fields of if endi ivor cavor are arc to tn lie he somjit soll son Jit ailt if tile tenil IT nit Q d static is to progress tile idio alio tiko the chall anit in he rellard ilic time lii ir riel fur our tit nt to chini el alif ili ewas profit ta tax and the corporation inco inc ta tax I 1 believe hrlic ve iha fici it gm s lIll tike tal i birli vill re lilt in every individual pani liis his t liard or of ep cx enve in ill proposition to ili liis pero pcr on lill il inc ill inic conle all ind ability tu to pa thus doing away with the siut filin il ig |