Show THE TAX LIFE OF A connecticut YANKEE the magazine life anater in its issue or of january 17 illustrated the ills place taxes a take ta ke in the dally daily life ot of mark J lacey of new britain connects cut ut a 1 public spirited spIrit td citizen who volunteered to be the guinea pis pig ifor the experiment mr lacey is pres preal dent ot of a hardware and tool manufacturing company which has 1100 stockholders end and employed emp loyes ills salary Is a year in addition to being one ot of the ille citizens who ray pay a personal federal income tax ho he Is one of the 35 per cent of thit group who earn over a year abear gild and who pay 86 per cent of the total income tax lie he is typical ot of that group of business nien who keep the wheels turning in ili industry to employ the bulk of the nations industrial tr al wage earners here is the way life pictures him paying ills his principal annual tax taxes personal federal income tax 2086 tax on oil his home on oil each ea eh of 1825 packs of cigarettes a federal tax ot of 6 cents a pack liquor for business entertaining though temperate himself 58 cents a quart federal tax one cent a gallon federal tax on oil gas 26 theatre admissions tax 45 club dues tax 10 40 toilet preparations tax 30 in the fiscal year 1937 his company earned taxable income paid in direct federal taxes and local and state taxes of 0 29 or a total of while his companas comp anys sales rose 26 per cent over 1936 ills taxes rose 88 per cent lite life further pictured where some of mr air laceys lackeys tax money went government employed emp loyes got of it relievers relie fers vs veterans social security A 30 which mr lacey pays on himself find and an additional 32 for social security deficit public works federal road funds 90 national defense he paid into ahe he pot tor for the farmers the public debt has increased to such a point that mr lacey pays for interest alone on it it would look like the government and all the people had a very direct interest la in encouraging in industry in the nation both large ard small it if tor for no other reason than to have sources able to pay the staggering tax burdens burdene of gov eri erimena ment today |