Press enter after choosing selection

Net Income Tax

Net Income Tax image
Parent Issue
Day
7
Month
February
Year
1889
Copyright
Public Domain
OCR Text

To the Editor of The Register : Sir:- The subject of equal taxation has been one that I have thought over for a number of years, and have beoome deeply itnpressed that a law taxing net incomes would be jnst and proper. Incomes that are $5,000 and over shotild be assessed a tax. I think that net incomes should be taxed as follows: $5,000 - one-half of one per cent ; $7,500 - three-fourths of one per cent ; $10,000- one per cent; $12,500 - one and one-fonrth percent ; $15,000 - one and one-half per cent ; $17,500- one and three-fourths per cent; 820,000 - two per cent; and so on in the same ratio. It would be no injustiee for a person receiving $100,000 net income to pay one-tenth, that is, $10,000 tax. This would be a great relief to the great majority of tax-paying business and Iaboring men, now so heavily burdened by the taxes they have to pay for the support of our government. It requires economy and hard labor for them to get a decent living. Some may think the above too radical. Be it so. I consider it just and proper that those the most able to support the government should do their full share, and relieve in a measure the poor. I hope the time will soon come when a law will be passed, embracing the principies above suggested.

Article

Subjects
Old News
Ann Arbor Register