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. u* t tit* * ♦fir ^ 1 A S m m I? , ? - ^ % 1* THURSDAY, NOVEMBER 1* IMS. THE BARNWELL PEOPLE-SENTINEL, BARNWELL. SOUTH CAROLINA ,\ "tt-F- PACE v ■ - i V *• 'M m lt;T •</ J : ■ * \ ; ( DtClAMTlON Of INDLPLUDMCC Vi •w t . '■ OUVA^ATtovor iNDtritfOMCt I />• * - t /: w Tv V t Thomas Jefferson Said: A ' ^v.-- " “THE POWER TO TAX IS THE POWER TO DESTROY.” /«. ALTHOUGH THE CONSTITUTION OF THE STATE OF SOUTH CAROLINA PROVIDES FOR THE TAXING OF SECUR ITIES (INCLUDING REAL ESTATE MORTGAGES) ON THE SAME BASIS AS ALL OTHER TAXABLE PROPERTY, IT IS RECOGNIZED BY THE STATE’S TAXING AUTHORITIES THAT TO DO SO WOULD BE CONFISCATORY—THE TAX, IN MANY INSTANCES, BEING IN EXCESS OF THE INTEREST OR DIVIDENDS EARNED — CONSEQUENTLY, RATHER THAN DESTROY THIS PROPERTY BY TAXING IT TO DEATH, THE CONSTITUTIONAL PROVISION IS IG NORED AND MONEYS, CREDITS AND EVIDENCES OF CREDIT ESCAPE TAXATION ALMOST ENTIRELY IN SOUTH CAROLINA. X SsT •' « v . • ' ^ • * ' » x. * • • I But special Taxes PUT ON CERTAIN COMMODITIES AND ARTICLES OF MERCHANDISE CONTOARY TO THE CONSTITUTipNAL' PROVISIONS THAT ALL PROPERTY SHALL BE TAXED AT A UNIFORM AND* EQUAL RATE (THIS TAX BEING IN ONEINSTANCE AS HIGH AS 20 PER CENT OF THE SELLING PRICE) IS DESTROYING ONE OF THE LARGEST IN DUSTRIES OF THE STATE. - The Soft Drink Tax r WAS PUT ON AS AN EXPEDIENCY MEASURE AND THE SOFT DRINK INDUSTRY IN THE STATE IS BEING REQUIR ED TO PRODUCE THE REVENUES THIS EXPEDIENCY TAX WAS DESIGNED TO RAISE REGARDLESS OF THE DE STRUCTIVE EFFECT UPON THIS IMPORTANT INDUSTRY. LIKE THE TAX ON COSMETICS, THE TAX ON CAN- DIES, THE TAX ON CIGARS, CIGARETTES AND TOBACCO, AND THE ADMISSIONS TAX, IT IS DISCRIMNATORY AS WELL AS DESTRUCTIVE. . The Bottlers of ARE TAXED IN ADDITION pN THEIR PROPERTY AND PAY ALL OTHER FORMS OF TAXApON. THEY ARE BE- ING REQUIRED TO BEAR A DISPROPORTIONATE SHARE OF THE STATE’S RUNNING EXPENSES. ' , r ,7 (Speak to your legislative representatives about these special taxees) c TAX