Lexington dispatch-news. [volume] (Lexington, S.C.) 1917-1919, July 25, 1917, Image 9
In considering the apportionment ot
the extraordinary' burden of taxes in
war times certain scientific principles
are definitely established:
How Taxes Should Be Apportioned. x
(1) The burden of taxes must be
spread as far as possible over the
whole community so as to cause each
* individual to share in the sacrifices according
to his ability to pay and ac
cording to his share in the Government
(2) Taxes on consumption, which are
necessarily borne by the community at
large, should be imposed *as far as possible
on articles of quasi-luxury rathei
than on those of necessity.
(3) Excises should be imposed as fai
as possible upon commodities in th<
hands of the final consumer rathei,
than upon the articles which serve pri?
tnomlw oa kort mo fftriO I fAT* flirtho*
lit x iij ao lavr wa bci mi i.va vuv&
production.
'4) Taxes upon business should be
imposed as far as possible upon net
earnings rather than upon gross receipts
or capital invested.
(5) Taxes upon income which will
necessarily be severe should be both
differentiated and graduated. That is,
there should be a distinction between
earned and unearned incomes and there
should be a higher rate upon the larger
incomes. It is essential, however, not
to make the income rate so excessive
as to lead to evasion, administrative
difficulties, or to the more fundamental j
objections which have been urged
above.
(6) The excess profits which are due
to the war constitute the most obvious
and reasonable source of revenue during
war times. But the principle upon !
which these war-profit taxes are laid
arrest be equitable in theory and easily
' calculable in practice.
The Proposed Income Tax.
The additional income tax as passed
by the House runs up to a rate of 60
per cent. This is a sum unheard of tn
the history of civilized society. It must'
be remembered that it was only after
-the first year of the war that Great
Britain increased her income tax to the
maximum of 34 per cent., and that:
even now in the fourth year of the war
fo if nn# at/'OaH
VUO UIWU1U WAA UWO uvv vavvvu ? r*
per cent.
It could easily be shown that a tax
with rates on moderate incomes substantially
less than in Great Britain,
-and on the larger incomes about as
ftlgh. would yield only slightly less than
the $532,000,000 originally estimated in
the House bill
It is to be hoped that the Senate will
reduce the total rate on the highest incomes
to 34 per cent, or at most to 40
per cent, and that at the same time it
will reduce the rate on the smaller incomes
derived from personal or profes-oisknal
onrnlncrc .
VUAUMJgW
If the war continues we shall have to
depend more and more upon the income
tax. By imposing excessive rates
now we are not only endangering the
-future, but are inviting all manner of
difficulties which even Great Britain
has been able to escape.
Conclusion.
The House bill contains other funda-1
mental defects which may be summed
tip as follows:
^ T* AM AAno nmn/?inlA
u; PU19UC9 ail C11VUCVUO j^iUJXijVJC
in imposing retroactive taxes.
(2) It selects an unjust and unworkable
criterion for the excess-profits tax.
- (3> It proceeds to an unheard of
height in the income tax.
(!) It imposes, unwarranted burdens
upon the consumption of the community.
(To It is calculated to throw business
into confusion by levying taxes on gross i
re eipts instead of upon commodities.
(6) It fails to make a proper use of
stamp taxes.
(7) It follows an unscientific system
in its flat rate on imports.
(8) It includes a multiplicity of petty
and unlucrative taxes, the vexatiousness
of which is out of all proportion to
the revenue they produce.
*** *
The fundamental lines on which the !
f House bill should be modified are sum- j
med up herewith:
(1) The amount of new taxation
should l>e limited to $1.250.000.000?or !
at the outset to $1."00.000,000. To do
more than this would be as unwise as
it is unnecessary. To do even this
would be to do more than has ever
been done by any civilized Govern- \
mont in time of stress.
(2) The excess-profits tax based upon
a sound system ought to yield about
$500,000,000.
(3) The income-tax schedule ought to
oe'revised with a lowering of the rates
on earned incomes below SlO.OuO. and
with an analogous lowering of the
rates on the higher incomes, so as not
Jo exceed 34 per cent. A careful cal- j
dilation shows that an income tax of
this kind would yield some $450,000,000
additional
(4) The tax on whisky and tobacco
ought to remain approximately as it Is.
with a yield of about $230,000,000.
These three taxes, together with the
stamp tax at even the low rate of the
House bill, and with an improved automobile
.tax. will yield over $1,250,000,000.
which is the amount of money
luuu^ni uwuauic.
The above program would be in harmony
with an approved scientific sys- I
tem. It will do away with almost all
of the complaints that are being urged
against the present. It will refrain j
from taxing tb^ fvtruu motion of the
poor.
It will throw a f.'ir heavier burden
upon the rich, but will not go to the
extremes of confiscation. It will obviate
interference with business and
will keep unimpaired the social productivity
of the community.
it win estaonsn a jusc oa;aiue between
loans and taxes and will not
snccumb to the danger of approaching
either the tax-only policy or the loanonly
policy. Above ail. it will keep
an undisturbed elastic margin, which
must be more and more heavily drawn
V>on as the war proceeds.
COMMUNITY FAIR TO BE
HELD AT OAK GROVE.
The Ladies' Improvement Association
of Oak Grove will hold their annual
community fair on August 16,
next, according to an announcement
made by the association on Tuesday.
The fair will again be held at Oak
Grove shool house; and everything is
now being made ready for the second
big feat.
The Ladies of Oak Grove are the
first in the county to attempt a community
fair, but the occasion last year
proved quite successful indeed.
Besides the many attractions and
exhibits of every character imaginable,there
will be the regular barbecue,
which within itself will prove a
big future. The ladies want everyhodv
to attend their fair on August
16 th.
Mr. and Mrs. Norman Keisler of St.
John's, are receiving many congratulations
over the* arrival on Sunday of
a handsome son?the first to come into
the home of these young people.
Pav Mnrp an
A iiAVft v ??
It is false economy
quality in an endeavor
purchase.
To get GOOD shoes y
Every item of mal
| advanced.
Manufacturers are s
materials.
mi ; ?
mey are paying, in
former prices.
GOOD shoes cost us r
before.
If you want GOOD sh
and buy.
Our prices are based
GOOD style.
Queen Quality shoes
find anywhere.
W alk a Block ai
UAVMADn
m/v i I^IAI\U
P. 0. Block 1723 Main
v.':.
CLEAN
/
HURRY! HUI
Any $18 to $22,
House?Your Ch
Sale?Tailored to1
Any Woolen Pattern in
Up to $22.50 for $15.
Your Measure, to Orde
Only Through Our Mill to
4 /iTT P ntt T Uln n Ann T n i
Iiy l/dl! lUli DC L/Uilt 1U1
Pay No Middleman's Pro
ARE YOU AWARE that we
business jn the world and our s
Better Values, First Class Wor
tion to the public? Every garm
under our personal supervision
anteed Fronts ?Hand Button!
throughout, in fact, must be pc
we will not let you have same.
With us vbu are your own sales
demand. Our reliability and resp
peer of all concerns in our positioi
transaction is ended until we are (
until we see your name AGAIN i
We Carry in Stock
fot* S
Silk lined and guarant
Suit you can buy for $20
your size or the pattern ;
Genuine Palm Beach S
shades and sizes, for
U. S. Wool*
World's Largest Custom Tailoi
1 d.d.9
I H. L. GILL1
j MAGISTRATES REPORTS FOR
LEXINGTON COUNTY.
Following is a list of the fines and
i costs collected by the magistrates of
i the county for the fiscal year 1916,
"~ 4-Via /-.flfinet nf minfv TVfias
aj> II1CU 111 tiiu V"*vv vx ?
iurer, in compliance with the law:
;J. H. Frick, Chapin $ 99.30
J. A. Gayden, Brookland 182.00
J. M. Marchant, Brookland 8.20
jW. E. Lorick, Irmo 57.00
; E. R. Steadman, Batesburg.... 75.00
iloor Hayes, Gilbert 111.40
!T. L. Harman, Lexington 530.30 j
;E. M. Martin, Swansea 535.40
!J. H. Robers, Chapin 20-00
I Boyd F. Berry, Pelion 3.t>U
j Total $1,622.10
j Judge E. M. Martin, of Swansea, is
leading Judge Tom Harman of Lexington,
.by only $5.10. Judge Martin
had the distinction of leading all
of the magistrates in 1916.
Miss Alsie, daughter of Mr. and
Mrs. Sam Long, who has been ill with
fever for several days, is now getting
along nicely.
d Save More
to buy shoes of poor
to save a little on your
rou must pay the price,
terial in GOOD shoes has
scouring the earth for
many cases, many times
nore money than ever
loes come to this store
. on GOOD quality and
; are the BEST we can
id Save a Dollar.
i SHOE CO.
Street COLUMBIA, S. C.
SWEEP
tRY! HURRY!
.50 Fabric in the
oice During This
four Order for $15
the House
failored !# ^
jay. You X
: today do the largest tailoring
success has been due to giving
kmanship and Entire Satisfaclent
made in our own workshop
, made with unbreakable Guarboies
and stitched with Silk
irfect in Every Detail, otherwise
man. Our judgement is at your
1 ^ ^ .1
lonsiDiiity are unquestioned as tne
n. Built on a policy where no i
confident that vou are satisfied and !
\ND AGAIN on our books.
%
1 Ready-Made Suit
1 s.oo
:eed to be equal to any
.00. No trouble to get
you like.
iuits, ready to wear, all
$6.95
I
sn Mills Co. |
rs Stores Everywhere
Columbia. S. C.
iSPlE, Mgr.
j ' 7
NOTICE OF ELECTION.
All persons residing in Poplar
Springs School District No. 61, will
please take notice that a special election
will be held at the school house!
tnerem, on saiuraay, mo 4th day ot [
August, 1917. for the purpose of vot-j
ing a levy of 4 mills for school pur- ;
poses. If this levy is voted the district
will be entitled ;o receive from!
th*1 ^tate every year the sum of $200.00
i or the purpose of helping to pay
the teachers' salariea ''Only such'
electors as ieturn real or personal j
property for taxation, and who exhib-1
| it their tax receipts and registration j
certificates required in general {
|elections, shall be allowed to vote."!
; Bring tax receipts and registration c&f i
tificates. Polls will open at 7 A. M., \
and close at 4 P. M.
w. Itinenart,
T. G. Senn, I
B. 0. Sm*A, r
Board of Trustees, Dist. No. 61. !
July 23, 13L7?2w41 j
SUMMERIAND REUNION AUG 8.J
The Sunfierland College students
will have areunion at Grey Rock:
Springs A?ust 8th. An interesting!
programmers being arranged. Com- j
petent paries will serve a barbecue!
dinner. T>e public has a cordial in- j
vitation. j !
j
?
Caughir
I
Genei
Furni
I
Farm Imj
iv a rvrvi
1 VllL>t\UVJ
Meal, Gri
1 Dry Gooc
Summer
Hats, Caj:
i Slated
i
id '
r d .
IJj | One lot of Soft and i
' Three pairs of Silk S
Palm Beach and Wh:
I i Palm Beach Suits (tfc
IUUUI UIULU OUIIO, in 1
Pajamas, in bne and
| Lhaki Work Shirts __
Khaki Work Pants
Army Hats, Leghorn
'. I TRY 01
Y<
BOY'S PA
One lot of B(
I Suits. $5.00 vaJ
THE
o p_ ; ?
iiv,or. main oc L.a
' 1 . "If It's
f,- ?
,1
J
\
\
\ +
No More Currt
Do you remember the shut-d<
pression and the lack of emplo;
the currency panic of 1907?
To prevent another currency
serve Banking System keeps on
ply of currency to furnish the b
the system of which we are one
all times meet the currenov rpn
positors.
<^TEDERAL RESEHVE^> itS protect
fc^SYSTEM^^B
THE HOME NAT]
CAPITAL $50,C
LEXINGTON,
HBHHnHBOHnHB
ian-Kamin(
ral Merchan<
iture and Milline
elements. Mowers ant
W CORN MILL.
ts and Feed, Home Gr<
Is, Shoes and Notions.
Weight Suits.
ds and Underwear.
>n Union Suits.
for This 1
Stiff Straw Hats, newest shapes
ocks, all colors, for
ite Canvas Oxfords at $2.50, 3
le genuine cloth) 3
lewest models, $6.50, $?
two piece suits
s, etc.
JR SERVICE AND GOOD
3U1L BE PLEASED
LM BEACH SUITS :
ws* Palm Rparli arirl C
"J ~ * ? ??
ues, to close at
: MODERN SHOP
)PE-DAVI5
dy COLUMI
Not Right, Bring It Back./
mcy Panics
>wns, the business de- J
yment which followed
panic the Federal Rehand
an immense supanks
which belong to j
i
, so that they may at
uirements of their deit
appeal to you to get
don, without cost, by ,
one of our depositors?
IONAL BANK
)00.00
s. c.
II
=n
W I A
;i vui
iise
ry
i Rakes.
Dund.
I
Week
, special at $1
$1
>3.50 and $4.50
>7.50 and $8.50
>.50 and $10.00 jl
$1.50 up
$1.50 I
$1.50 1
>s I
$3.75
!ool Cloth
$3.75 I
I
5 w
3IA, S. C. 1