| Show ESCAPING TAXATION according to a new york borres adent there are many rich men in that city not officials who are grafting on the public one writer says that it anything further were needed to demonstrate the ahbol uto worthlessness of the new york state tax laws covering personal property it has been furnished in the tax rolls ot the current year the estate of the late russell sage is assessed for of personal property and based on the showing which the executors have been compelled to make in closing out mr sages affairs is likely to stand the test in addition to this estate assessment mrs sage personally is assessed for and both figures are low during the last few years of his life mr sage was carried on the tax rolls annually on a personal assessment ses and this amount he was forced to pay although he made repeated efforts to have the assessment reduced it not wiped out altogether tax officials now owing to the information at hand and which could not during mr sages lifetime they can go backhand collect excess back taxation for two years under the law however they can go back no further than that so that ane city will lose large sums which were its rightful due from mr sage during j his lifetime the estate of the late william 0 i whitney also has gone on the tax rolls this year for this is an other net gain to the city unless the T managers odthe 1 estate by some ho cus manage to have the assessment ses reduced or eliminated the estate never before has floured on the tax rolls although last year mr heirs individually were assessed on small sums vast aims regularly are lost to the city each year through the assessment of personal taxes and no law yet has been devised to meet the situation adequately qua tely the properties of most 0 new yorks millionaires are invested in securities of such suc h a class that they are able to escape taxation winder personal property feuds |
