Ames Daily Tribune from Ames, Iowa on August 29, 1933 · Page 7
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Ames Daily Tribune from Ames, Iowa · Page 7

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Ames, Iowa
Issue Date:
Tuesday, August 29, 1933
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Page 7
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"BUY BETTM III AMM DULY TMBUFB-TOigt. AMI* IOWA. TUMDAY, AtW0iT M, 1W3 Detailed Recommendations for Revision of State's Tax System DES MOINE8 (U.E)~-Vital quo tations from the Brooking* inst tute recommendations on tax revision: General Property Tax "The survey make» the follow ing recommendations in respect t locally assessed tangible property "Retention of the general pro perty tax on assessed tangible pro perty to produce a very subsUntla part of the revenues raised b taxation. Such action would stil permit of * reduction in the bur den on real property by the enact ment of new taxes. At presen about 80 per cent of the tax reven ues are raised in this manner This tax base meets well the test of adequacy afld stability and makes possible sound governmen finance. Any drastic change to un tried sources of income might eer iously cripple state functions i income did not come up to ttie amount anticipated <n land values and would permit short time title hold3rs to benefit at the expense of long-time title holders. Household Goods "Past results show that, it is fu tile to try to reach and assess 'his type of property. These properties constitute less than one percent of the tax base, and the lost revenue could be more equitably replaced by a substitute tax." Assessment Machinery "Abolish township assessors and local boards of review. All reliable investigations of the present assessment machinery show that it is inadequate and incapable of reconstruction. The fundamental weakness of the system is the reliance placed on untrained elected, part-time, and poorly paid town- sbip assessors for the original as- s?ssments. . "The'local boards of'revlew are ineffective. A county assessor should be appointed by the county board* of supervisors for at least a four-year term ind be removable by the state tax commission for cause after hearing. He should be given a salary adequate to attract men of necessary training and experience, and adequate office facilities. "Abolishing county equalization and making all adjustments In the assessment of individuals, of counties or areas within counties, the sol» responsibility of the proposed state tax commission. Appeals to the district court should be al"~ lowed. Intangible Property "The tangible property of corporations should be assessed for property taxation at its full capital value, which will include the capitalized value of excess earnings now taxed as corporation stock, and the special provisions for taxing stock should be repealed. "Taxation of moneys and credits . at six mills should oe abolished and the taxable capacity represented by this property reached by new taxes. "While In theory the present system seeks to tax all property rights, as well as all wealth, the statutes have not- so defined the tax bese as to include all property rights. The net value of property rights represented by deeds, to real estate, public bonds, and stocks of certain domestic corporations are not taxed. The presem system has resulted in gross ine qualities and discriminatory do*u ble and multiple taxation. Forest and Fruit Tree Reservations "Iowa should repeal the provi sions for the taxation of forest and fruit tree reservations and enacl a tax law for forests only based on the recommended plans of the Forest Taxation Inquiry. Tax exemption, classification "and fixed assessment are faulty tax measures for forestry purposes. Neither the tax exe'mptlon or fixed acreage assessment tax policies of Iowa have achieved the desired result: increased forest and fruit reservations." Poll Tax "If the recommendations for personal taxation are adopted, the head tax, the rural poll tax and the city and town poll tax now levied should be repealed, if poll taxes continue to be levied and assessed separately from other personal items there should be 1m- pose-1 a single po!! tax oa all residents above 21 years of age except those exempted for good cause by county supervisors The principle of the poll tax, that each franchised voter should contribute something to the support of the government in the ,'orm of a direct tax, is sound and should be kept in the tax system. Certain inequalities and the lax administration of the present system make it desirable that a flat levy replace the three present levies." Selective Sales Taxes "Tobacco consumption is a good base for special luxury consumption tax. The present tax has yielded substantial revenues arrd nas been fairly administered, ^administration of the tax • e ) is weakened at present control ^f h ,t 5tate does not - have control of the licensing of those to are issued The cig- Tbis system might be supplemen Jr 1 ^..*, Ux , ° n th * tter ^mission if additional revenues from this source are desired." Motor Vehicles No immediate revision of the special motor vehicle taxes should •?nA ffi A ' A ref un<Mng of about 1100.000,000 worth of road bonds is necessary, and the uncertainty ot revenues which might result from a change of the tax law should not be injecttd into the program. Eventual revision of the motor vehicle taxes: Motor vehicles should be taxed as personal property on the basis of manufacturers' list prices less depreciation. The present adjustment of the personal property tax burden on motor vehicles to the burden that would be imposed by the general property tax is crude and inaccurate. The present system neglects depreciation in the valuation of the vehicle. Motor trucks should in addition to license taxes, to a personal property tax on their values on the same basis as passenger cars. "The license tax would be greatly simplified if all motor vehicles were taxed on the basis of gross •weight of the vehicle and load under rates graduated according to 'he added costs of road construc- ion (o support increasing weights and differentiated for pneumatic, solid rubber and hard tires. The issentlal factor in the relation be- ween vehicles and road costs is wheel Impact "The refund provisions of the > owa motor vehicle fuel tax should >e repealed ana exemptions re- tricted to motor fuel shipped in nterstate commerce, sold to the U. S. government, and perhaps ac- identally destroyed while in the ands of distributors. The refund revisions leave the doors wide pen to abuse in an effort to do ustice to a very small proportion f gas consumers. A compromise clth theory must be made to se- ure effective administration," FAOB mi *HMB Flood Causes Fatal Wreck .1 Farm News Sere is a side-view of the wreck of the crack train which plunged thru a trestle over the eastern rs °Th, et h P rr C ^ nearf Wa »hington, killing the engineer and fireman and inj urin f« en JrtL .nd thl d Ca " °f ! he 10 ma)ting up the train cra6hed tat° *« waters'of the wouen stream, and the engine and tender were buried in, mud. Two Killed in Train Plunge Answers to Test Questions Below are the answer to tht t««* quest.ons printed on pa 9 . J *"* ^. Burgomaster (Burgermels- 4. None. 5. Guiseppe Verdi, fi. Blood relation. ^ 7. Distinguished British physi- S. American R«3 Cross build. "K. 9. Kngllsh general i n the mtTlean Revolutionary war !0. Tho president of' the {i S ftlth tho consent of the «(Wio "' Income Tax "There should be enacted a gen ral personal income tax of th orm embodied in S. F. 112 (Pa terson bill) with the following a terations: "The personal income tax sboul be definitely separated and mad independent of business incom tax. Taxable net income should in elude dividends, but should not in elude capital gains or exclude capi tal losses. Every self- supportlnf individual should be required t< pay at least a minimum tax t take ."e place of the existing pol taxes. An exemption should be al lowed for dependents but. not fo self-supporting individuals. The universal income tax will effect a more equal distribution on the has is of ability to pay than the var ious forms of direct sales tax* which might be proposed. "A graduated tax reaches, th, taxable capacity of. intangibles but if the benefit element in in tangible personalty ig considered to be taxed, a proportional tax on interest and dividend; supplement ary to the above is to be prefer red to the low rate fax on capita value of intangibles." Business Taxes "All concerns engaged in. man ufacturing at.d trade, and all local utility concerns engaged in the production and sale of gas. electricity, water, and street railway service sicuM be taxed on their franchise to carry on business within the state. Each of these concerns should be required to pay the . highest of three taxes computed on the following basis: 1. A minimum tax of a relative small and flat amount. 2. A tax based on the gross sales- less purchase of materials and supplies from other taxable concerns or from concerns located outside the state, 3. A tax based on" the net income. "Concerns with net value 'product riot exceeding an amount which would warrant detailed administration should be subjected -to the minimum tax. Concerns with net value product above the. specified minimum should be taxed on their net, value product. A compromise tax on business concerns, for the privilege of transacting the business, is desirable as a means of taxing for benefits received. The proposed tax would appear to comply with the commit:!: constitutional requirements of business taxation. It would be more fair than a tax imposed in combination with the tax on individuals, and more equitable than ':he present low rate tax," Banking and Transportation "National and state banks and other financial institutions includ- ng building and loan associations, mortgage companies, finance companies, etc., should be taxed on their franchise to carry on business' in the state measured by or according to the et income derived from the business. These concerns should be taxea under the provisions of the general business tax on net income which has been proposed. "All income received by Iowa residents, Including dividends on hank stock, shoulr be taxed on the same basis as other income under the general personal income tax I which has been proposed. I "Transportation and communica- *'on companies should be faxed i on their franchise to do business under the net income tax of the { proposed business tax system. "Mining should be included under the proposed syst?m ot business taxation for manufacturing and similar business except that hi addition to the deduction for current purchase of materials and supplies in computing net value Product, a deduction for reasonable depletion should be allowed to mines and other extractive industries." Story County Big Winner in o Livestock Show Exhibitors from Story county and vicinity were heavy winners in the 4-H club lamb show at the Iowa State fair la Dei Moineg. Helen Beck of Ames was first with her Southdown ewe, second with her Southdown ram, fifth with her Hampshire ram, eighth with her Hampshire ew«, fifth in the champlonihip p«m class and eighth in the championship wether or ewe class. Wallace Beck of Ames wan first in the Southdown ram class and Vincent Beck was sixth in the championship pen class, eighth in Hampshire ram and ninth in Hampshire ewe. In the Oxforddown class, Jack O'Donaell of Colo was second and eighth, Dick O'Dottnell of Colo third and Jewett brothers of Ames seventh in the ram class: Vera Bentley of Ames third, Jack 0' Donnell fourth, Jewett brothers fifth and Dick O'DonnelJ sixth in the ewe class. Agda Gronbeck of Jewell was third In the Hampshire ram class and Judith Henryson of Story City was tenth. Jennings Charlson of Ames was third in the Cheviot ram class. The Story county group ranked first in Oxforddowns and second in Hampshire*. SUE STORY CIIY A! Women of Story county and the vicinity were- first prize winners in the cake and candy divisions of the culinary exhibition at the Iowa state fair in Des Molnes. Mrs. Will Fleming of Slater was first with her white fruit cake and Mrs. H. M. Kahle of Story City was first w,ith her icebox cookies. Other flr«t awards follow: Mrs. Alvin Hitz of Ankeny, chocolate layer cake with white frosting; Mrs. W. E. Sanders of Marshalltown, English walnut white cake, white cake with white frosting, loaf cake, baking powder doughnuts; Mrs. William Kile of Ankeny, oatmeal rolled cookies; Mrs, A. C. Adamson of Ankeny, panocha plate. Storm Isolates Virginia City Boys' Tamworths Sweep Classes Story county boys made very nearly a clean sweep in the Tarn- worth, classes of the 4H pig show, feature of the Iowa state fair at Des Moiaes. Edwin Fox ot Slater was first in all three classes, with boar, sow and litter. Ray Hildreth of Ankeny was second in the sow class, second in the litter class and third in the boar- class. Wayne Fox of Slater was fourth in all three classes. Robert Howard of Slater was tenth in the boar class. Fred Randaii Wins With Crabapoles, Fred Randau of Ames won first with his Hyslop and Martha crabappies in the northern district competition in the horticulture show at the Iowa state fair in Des Moines. Charles Anderson of Boone made clean sweeps in the Duchess and Salome apples in, trays classes. Glaus Anderson of Boone was first with bis six varieties of fall and winter apples collections. True Fuller of State Center was first in soy beans, sweet clover, sudan grass and cucumbers. -, READ THE WANTS Beef cattle bred on the farm of Dean Curtiss, southeast of Ames, were place winners at the Iowa State fair in Des Moiues. The Shorthorn bull calved May 1 to Aug. 30, 1932 won second place and the Shorthorn bull calved July 1 to Dec. 31, 1931 won fourth place. In the horse classes, Qrville C. Johnson of Elkhart won first with. hig Shire stallion foal and Robert Irvin of Ankeny with his Belgian stallion under two years old. J.'L. Harper and Son of Ames won second and third places with their Duroc senior yearling sows. 9 Shcldahl Poultry- Man Shows Winner Robert L. Coon of Sheldahl won firsts with his cockerel and hen in ttie open class of English varieties at the 4-H club poultry show, feature of the Iowa gut* fair at Des Ifoines. Cecil Hutcbisn of Boone coutty wai high scoriae individual in tfc* poultry judging for 4-H club members. Collins Student* Take Fair Prizes Collins seventh and eighth traders won a first with their map of Iowa entry in the manual tralnlnj exhibits at the Iowa State fair in Des Moines. P. W. Mitchell, supervisor of manual training in the Ames schools, wag one of the Judges of the exhibits. Vitalized Oil —is the new paint discovery. Only WaJlhlde bac it!. H. L. Munn Lumber Copipany Phone 9 Ames is raving about 'Strangers Return" at the CAPITOL I'VE SWITCHED TO CAMELS. YOU WONT GET TIRED OFTHEM EITHER. CAMELS NEVER. GET ON THE NERVES. |" —^^^••mnnaain mi y — ^^^^^^ Ccn&&t7fafo NEVER GET ON THE NERVES ... NEVER TIRE THE TASTS services S m the rest of the country and disrupting all city gas, water and light Lured by Phone MORE HIGH SCHOOL PUPILS ing '"* for high school train scholastic enrollment >'.times as fast as popu 1 the period 1900 to 1980, nr to Department of Publlr In ••"otion .statistic*,. TJlRh «rl,oo) on >ilmcnt Increased about. 1,000 j*r con), m Pennsylvania in t n > jo-yonr period, ft report nliowfd. 'May-December 1 Couple Happy Bernard Bitterman, 28, above, of Denver, was lured from his home by kidnapers by a tele- phon« call falsely Informing biro | thnt his brother was Injured. His j uncle, manager of a department i store, received » note advising | him to "awnlr further initruc The Romans Had A ''N. Phrase for it— "CAVEAT EMPTOR," meaning "Let the buyer beware." - This wasn't used as a bit of balm to ease the ancient conscience; nor, yet, was it placarded in the booths and stalls of the market-place. It was a piece of every-day knowledge, born of dear-bought experience. A shopkeeper knew little about the source of his merchandise. This tunic he bought from a trader, who said it came from Byzantium. So he sold it as the latest Byzan- tian style. The trader told him the dye was pure Tyrian —it wouldn't fade. So he sold it as Tyrian dyed. But the buyer knew the responsibility was his own. If he guessed wrongly, or his judgment was poor, it was his hard luck. Today, fortunately, there are safer guides than the blanket- warning to "let your eyes be your market." These guides are the newspaper advertisements. In this newspaper, they are a daily catalog of the best values in townr-signed by responsible firms. If the goods are not all that i^ claimed for them, their sponsors would need to "beware." For no business can thrive on a one-time sale, or on dissatisfied customers. A signed advertisement is, in a way, like a promissory note. The advertiser has made a statement, and affixed his signature as a sign of good faith. Thirty-seven years difference In ages made thi* honeymoon break- fnst nono the less romantic. Dr. Arthur S. Bflker, si, and h'fs 14- ycnr-old bride, tho'former Mnrjorie Hughes, shown nt Mpntfbello. Calif., fitter thPlr weddlns trip, contend iney-havM l»ctf,'cr chance "f happlncii than couples of u> r>sil So, read the advertisements before you start out on a buying-trip. this a daily habit, and see how much you save ... in time, in tempor, in money, in shoe-leather. Make

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