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Show TAX ON GROSS I SALES URGED FOR BUSINESS Present Federal System Declared De-clared Cause of Intolerable '-J Situation igffl SURTAXES PENALIZE INDUSTRY IS CLAIM Employers Privilege Tax Ex-, Ex-, 1 plained at Cotton Manufac- Ht j r turers' Convention MAPDKWOi id. N H., Sept. :s -p'? Tho present system of federal taxa- ft thm was declared to have created "an intolerable situation" and to be responsible re-sponsible for the continued high prices f of nmny articles, i.v speakers nt the opening session of the Bemi-annual meeting of the National Issoclatlon of Cotton Manufacturers Suggested sub-:j sub-:j f-tltutes Included a employers' prlvl- ; 3 lege tax, outlined by Theodore H, rv-w Price, editor of Commerce tud Finance 3-12 of Now York, and h gros-i sal,, tax. M explained by W illiam E. Cornwall, of C$cSH New York. ylw" The people of the country Mr v 5? Cornwall said, aire becoming educated ; -f tj th,. feci ihat the whole system of Wy&Q taxation in the United States Is wrong, adding ihat the system "was founded on class and sectional bias ' TAX ON GROSS SALES "A tax on grosa sales 1b an Ideul do-'' do-'' ! velopnient." he continued It Is pass ed along In verv small fractious and added to various processes from I ho producer of raw matt rial lo siagc af- ter stage during manufacture, the tax almost . ollectliig Itself. ,:n iimnl;iUnT L uUrmatlpally as it proceeds and Is '- yi I tally paid by the consumer practically; v ithout his knowledge, and tin- addl-r addl-r nuns ire so trifling as not materially 3 to affect prices." ss l.M I M 1U NOW. . !j Mr. Price in his address declared the j i.:-4g present surtaxes penalize and compel , '! i,n enterprising man to pay the gov- . "' ii nntent an Immoderate share of his I . , tains In a profitable year leaving him yA to bear the losses of an unproflta ide j 'xSff Near alone. LijTjfa " Explaining the employers' pr ivilege I wj tax which he proposer) as n substitute for the present system. .Mr Price uaid , UF' ),t part? I - A manufacturer or merchant whose) u. ; monthl) disbursements for wages, sbi 5 , riM or piece work totalled $100,000. ( skj: lould at the end of the month send; V. ; i statement to Wa 1 ''fy cheek for tn amount ol his tax. if WrJ the tax were five per cenl his ..old b0 5000 which he would In-elude In-elude In his overhead charges and ; -eifl ;,dd to the selling price of his product., TAX kximaim:!). 5?m Tin pi Ice paid by the manufacturer of nn entirely finished or marketable fcSSal product for the raw or partially fln- fffjf lfthetf material that he used would r .pSf have been correspondingly Increased '-''-iSe by the employers' privilege tax paid . ' t upon the Wages paid to t rios'- employed ; ,3j r Its production, and thus the price ml .,1 which the article was ..id for con- Wk ' sumption would Include 'it the m-! f&Mt ployerB' privilege taxes that It had to Bi tear in Its progress from thr- first pro-1 diiOer to the Ultimate buyer |