The Barnwell people-sentinel. (Barnwell, S.C.) 1925-current, November 12, 1925, Image 7
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THURSDAY, NOVEMBER 1* IMS.
THE BARNWELL PEOPLE-SENTINEL, BARNWELL. SOUTH CAROLINA
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t Thomas Jefferson Said:
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“THE POWER TO TAX IS THE POWER TO DESTROY.”
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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
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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
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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. ' ,
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(Speak to your legislative representatives about these special taxees)
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TAX