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Show GERMAN TAXES HURT AMERICANS Yankees Bought Real Estate At Bargain Fnces and Now Utter Complaint BERLIN. Dec. 14. (By the Associated Associ-ated Press . Dr. Paul .Marcusa. a German authorltv on uxatlon. in an article contributed to a forthcoming ls.su" of "Trans-Atlantic Trade." the official organ of the American Association Asso-ciation of Commerce and Trade I Berlin, savs the complaints on American Amer-ican investors in German real estate that taxes nnd expenses on this property prop-erty exceed the lncoino lv far La not due to the German lax laws but to the economic situation, which has gone from had to wor The association roQUMted Mr Ifar-cuse Ifar-cuse to analyze the tax laws in vl-w of the reports published In the I'nlt-had I'nlt-had not onlyeta-hrdluetaolshrdluetaou ed States that American Inrestora were being forced to pav laxes hich not only exceeded the incomes but consumed con-sumed large percentages of I DC luminal lum-inal investments. These reports caused considerable commotion among American!- who were ubout to make heavy Investments in Germany, ae cording to Fred W. Klnx. uctlng pre.s-Ident pre.s-Ident of the association. BARGAINS I'M lv i i l P. Concernlnr reftl eMatc Investments. by Americans which have run into the billions during the past two years Dr. Ma reuse said: "Be It remembered that While the German mark dronpi-d from ;'." cent' to nine-tenths wf a cent. German real estate kept its value except for sav 10 or .'o per pent depreciation for lui k , of repairs during the war. Thus, a house in Berlin wprth 200.-j 000 gold marks In 1914, was still I worth about 150,000 gold marks in j 1919, but the American Investor. Instead In-stead of paying 100 000 gold marks, or I 137.500. bought a house as cheap as $2,000 and he complains now that the inv estment does not It-Id gold dollars The depreciation of the German mark necessarilv was followed by an increase of all prices, and the Atnfl-' Atnfl-' an Investors who looked for the I iW-est iW-est price of the mark should have known thut before long all prices necessarily ne-cessarily would be higher. So. it ma safely be stated that the disappointment disappoint-ment of American investors In German Ger-man real estate is not due to the German tax :ws. but to the fact that j the economic situation of Germany haa gone from bad to worse." Ill TAX IJVItS. The income taxes, which appH to all foreigners havtnir resided In Ger-man Ger-man more thun six month.-, exempt only a salary up to 1.500 marks the man receiving 100.000 marks a year being compelled to pay 33,(2-' marks. The law takes more than fifty pir ' cent of a million mark yearly Income and the percentage increases above 1 -000,000 marks These figures applv to Income from anv source and countr The corporation tag Is much lowe: than the general 1 oms tux on individuals. in-dividuals. The normal tax invariable la 10 per cent of the whole income 1 A surtax is levied on dividends over and above 3 per cent of the capital stock. Foreign coriiiratlon ar ex- ernpt in case the keep no foreign j branch establishments in Gei munv and do all business by selling to and from I ' jermatlS. |