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DOUGLAS COUNTY SENTINEL, DOUGLASVILLE, GEORGIA.
Profesisonal Column
DR. D. HOUSE WORTH
Attention to Surgery
and Diseases of women and children
Office in Hutcheson Building
Office Rhone No. 118-2
Residence Phone No. 118-3
D. S. STRICKLAND
Attorney at Law
Office In Hutcheson Building.
R. H. Poole C. V. Vansanl
DRS. POOLE & VANSAfcT.
Surgery and Chronic Dlseuses of Women
and Children a Specialty.
Office over Selmun's Drug Store.
Phone Nos. 24. 02 and 80.
J. R. HUTCHESON,
Attorney-at-Law.
Office in Hutcheson Building.
JOHN H. HUDaON
Attorney and Counselor at Law.
VILLA RICA, Ga. \
DR. R. E. HAMILTON
Physician and Surgeon
Office in Hutcheson Building
Office Phono 106; Residence, 44
ooooooooo.
Walter
Tailor and Men’s
Furnishings
Stop in and look
69 W. Mitchell Atlanta
Near Terminal staticn
OOOOCOCOGOOOO
TAKE THIS FOR CHILLS, FEVER,
MALARIA
For a malarial con li ion with chills,
fevers and sweats, take Foley's * King
of Malaria" OiUU Tome, it comoines
the virtues of quinine, without its un
pleasant taste, wicii the strong, purify
ing and tonic properties of iron. It 1
gives appetite, strength and vital (
energy. Try it. J. L. Selman & Son \
LOANS BETTER THAN TAKES
DR. F. M. STEWART,
Dentist.
Office over Selmun’s Drug Store.
ASTOR MERRITT
’ ATTORNEY AT LAW
DOUGLASVILLE. GEORGIA,
J, M. BOYD
Physician and Surgeon
Office in llutBheson Building.
Phones—Residence No. 128-2; Office
No. 128-3.
DR. G. H. TURNER
Physician and Surgeon
Special attention given to diseases
of the Eye, Ear, Nose and Throat
Office over Philips' Store.
Preserve Your Complexion,
the easy, pleasing way by using
Magnolia Balm before and after
outings. You can fearlessly face
the sun, wind and dudt because
you know Magnolia Balm keeps
you safe from Sunburn and Tan.
This fragrant lo
tion iswonderfully
soothing, cooling
and a great com
fort after a day
outdoors.
Magnolia Balm is
the skin-saving
beauty secret
which is regularly
„,used when once
f tried.
Magnolia Balm
LIQUID FACE POWDER.
Pink. While. Woie ReJ.
75c. at ‘Druggists or op mall direct.
Sample (either color) for 2c. Stamp. ,
Lyon Mfg. Co., 40 Sbuth Fifth St., Brooklyn. N Y,
A Telephone Saves Time
And Time Is Money.
It makes no difference whether vou live town or in the
country, a Telephone is a NECESSITY.
It is a, pleasure to converse with vour friends i n
neighbors.
It is a convenience when vou want to speak to your
Lawyer, Doctor, or Merchant.
It is is protection to your family in your absenc .
Let Vif Install One For You To-Dc y
Gainesboro Telephone & Telegraph Co
L. K. SMITH, Gen. Mgr.J. M. MONTGOMERY Local Mgr.
Carrollton, Ga. - Douglasville, Ga.
and above the pre-war level) only th * w * r continue. w. .hall hav
lightly more than 17 ^r cent, of her .
war expenses. - now we are not only ondangaring tf
If wo should attempt to do os much f uturei but are inviting all manner i
In the first year of the war as Great difficulties which oven Groat Britai
Britain did in the third year it would Has boon able to oacapo.
suffice to raise by taxation $1,260,000,.. j Conclusion.
000. If, In order to be absolutely on j The House bill contains other fundi
the safe side, It seemed edvlsablo to mental defects which may ho annum
increase the sum to $1,600,000^)0, this up ns follows:
should, in our opinion, be the maxi- j (1) it pursues an erroneous princlph
“urn. ' In imposing retroactive taxes.
In considering the apportionment (2) It selects an unjust and unwork-
the extraordinary burden of taxes in able criterion for the excess-profits tax;
war times certain scientific principles (3) It proceeds to an nnheurd-ofj
are definitely established: ] height In tlie income tax.
How Taxes Should Be Apportioned, j (4) It imposes unwarranted burden*
(1) The burden of taxes must be upon the consumption of the commit*
spread as far as possible over the ^ty.
whole community so as to cause each (5) It Is calculated to throw bus!n<
individual to share in the sacrifices ac- Into confusion by levying taxes on gross]
cording to his ability to pay and ac* receipts instead of upon commodities,
cording to his share in the Government.' (0) .It fails to make a proper use ol
(2) Taxes on consumption, which are stamp taxes,
necessarily borne by the community at CD It follows an unscientific systei
large, should be imposed as far as pos- hi its flat rate on imports,
sible on nrticles of quasi-luxury rather (8) It includes a multiplicity of pefc-|
than on those of necessity. : tyand unlucratlve taxes, the vexotl
(3) Excises should be imposed as far ness of which is out of all proportion t4
as possible upon commodities in the the revenue they produce,
hands of the final consumer rather', * * * ♦ \
than upon the articles which serve pri-j The fundamental lines on which tl
raarily as raw material for further House bill should be ntodified are sum-
productlon. , med up herewith:
(4) Taxes upon business should be %(1) The amount of new taxation I
imposed os far as possible upon net should be limited to $1,260,000,000—or
earnings rather than upon gross re- at the outset to $1,600,000,000. To do!
ceipts or capital Invested. j more than this would be as unwise as I
(6) Taxes upon income which will it is unnecessary. To do even this
necessarily be severe should bo both would bo to do* more than has ever I
differentiated and graduated. That is, been done by any civilized Govern*
there should be a distinction between ment in time of stress,
earned and unearned incomes and there | (2) The excess-profils tax based upon
should be a higher rate upon the larger a sound system ought to yield about
incomes. It is essential, however, not $500,00b,f)00.
to make the incomo rate so excessive!. (3) The incorao-tnxscheduleought'toT
as to lead to evasion, administrative be revised with a lowering of the rate*
difficulties, or to the more fundamental on earned iucomes below $10,000, and
objections which have been urged I with an analogous lowering of tbo
above. | rates on the higher incomes, so as not
(0) The excess profits which are due, to exceed 34 per cent A careful cal-
to.the war constitute the most obvious | culation shows that an income tax of
and reasonable source of revenue dur
ing war times. But the principle upon
which these war-profit taxes are laid
must bo 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 in
the history of civilized society. It must
be remembered that it was only after
the first year of the whr that GTeat
Britain increased her income tax to the
maximum of 34 per cent, and that
oven now in the fourth year of the war
tire Income tax does not exceed 4216
per cent.
It could easily be shown that a tax
with rates on moderate incomes sub
stantially loss than in Great Britain,
and on tho larger incomes about as
high, would yield only slightly less than
the $532,000,000 originally estimated in
the House bill.
Save The Difference
O UR BUSINESS is]selling shoes at less than
their market value, A positive saving
of 25 percent to 50 per cent. Our specialties, Sam -
pie Shoes and manufacturers canceled orders. We
are receiving spring stock every week. We fit the
whole family.
THE TUGGLE SHOE CO,
4.South Broad Street,
Atlanta, Georgia
Cansler Brothers
Auto Repairing of All Kinds
Oils and Greases
of all kinds
Five Reasons Why Excossive Taxes at
the Outset of War Are Disadvantage
ous—Groat Britain Example Worth)
of Emulation—How the Taxes Should
Be Apportioned.
‘ By EDWIN R. A. SELIGMAN,
McVtckur Frofeasor of Political Econ
omy, Columbia University.
On May 23, 1917, tho House of Rep
resentatives passed an act “to provide
revenue to defray war expenses riiitl
for other purposes.” In the original
bill us presented by tho Committee ©J
Wnys and Moans, tho additional'reve
nuo.to be derived was estimated at $1,
810,420,000. Tho amendment to tho in
come tax, which was tacked on to the
bill during the discussion in the House,
wps expected to yield another $40,000.
000 or $50,000,000.
In discussing the House bill, two
problems arise:
I. How much should bo raised by
taxation?
II. In what "manner should this sum
be raised? t
I. How Mvoh Should Be Raised by
Taxation?
How was tho figure of $1,800,000,000
arrived at? The answer is simple. When
tho Secretary of the Treasury came to
estimate the additional war expenses
for the year 1017-18, he calculated that
they would amount to some $6,000,
000,000, of which $3,000,000,000 was to
bo allotted to the allies, and $3,600,
000,000 was to be utilized for tho do
mestic purposes. Thinking that it
would be a fair proposition to divide
this latter sum between loans and
taxes, ho concluded that tho amount
to bo raised by taxes was $1,800,000,
000.
There are two extreme theories, each
of which may be dismissed wltn scant
courtesy. The one is that all war
penditures should be defrayed by loans,
and tho other is that all war expendi
tures should be defrayed by taxes
Each theory is untenable.
It is indeed true that the burdens of
the war should be borne by tho pres
ent rather than the. future generation;
but this does not mean that they should
be bornfi by this yeur’s taxation.
Meeting all war expenses by taxation
makes tho taxpayers in one or two
years bear the burden of benefits that
ought to bo distributed at least over a
decade within the same geueratlon.
In the second place, when expendi
tures approach the gigantic sums of
present-day warfare, the tax-only pol
icy would require more than the total
surplus of social income. Were this
absolutely necessary, the ensuiug hav
oc in the economic life of the communi
ty would have .to be endured. But
where the disasters are so great and
at the same time so unnecessary, the
tax-only policy may be declared im
practicable.
Secretary .McAdoo had the right in
stinct and highly commenduble cour
age in deciding that a Substantial por
tion, at least, of the revenues' should
be derived from taxation. But when
he hit upon tho plan of 60-60 per cent.,
that is, of raising one-half of all do
mestic war expenditures by taxes, the
question arises whether he did not go
coo far.
The relative proportion of loans to
taxes Is after all a purely business
proposition. Not to rely to a large ex
tent ou loans at the outset of a war is
a mistake.
Disadvantages of Excessive Taxes.
The disadvantages of excessive taxes
at the outset of the war are as follows:
1. Excessive taxes on consumption
will cause popular resentment
2. Excessive taxes on Industry will
disarrange business, damp enthusiasm
and restrict the spirit of enterprise at
the very time when the opposite is
needed.
3. Excessive taxes on incomes will de
plete the surplus available for invest
ments and Interfere* with the placing of
the enormous loans which will be neces
sary in any event.
4. Excessive .taxes on wealth will
cause a serious diminution of the in
comes which are at present largely
drawn upon for the support of educa
tional and philanthropic enterprises.
Moreover, these sources of support
Would be dried up precisely at the time
when the need would be greatest
B. Excessive taxation at tho outsit of
tho war wiH reduce the elasticity avail
able for tho increasing demands that
are soon to come.
Great Britain’s Policy.
Take Great Britain qs an example.
During the first year of the war she
Increased taxes .only slightly, in order
to keep industries going at top noteh.
During the second year she raised by
hew taxes only 9 per cent qf hgr war
prr^* tV.!rd y?r.r
she :! bT -
this kind would yield some $450,000,
000 additional
(4) The tux 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, nnd with an improved uu-
tomobile tax, will yield over $1,250,-
000,000, which is the amount of money
thought desirable.
The above program would -be in har
mony with an approved scientific sys
tem. It will do away with almost all'
of the complaints that are being urged
against the present. It will refrain
from taxing tho consumption of the
poor.
It will throw a far heavier burden
upon the rich, but will not go to the
extremes of confiscation. It will ob- <
vlate interference with business and
will keep unimpaired the social pro
ductivity of the community.
It is to be hoped that the Senat. will , 14 wi “ establish * Just balance be-
>duce tho total rate on the hlahest In'” tween !°““ “a * ° S , WU1 “°*
succumb to the danger of approaching-
either the tax-only policy or the loan-
only policy. Above all, It will beep;
an undisturbed elastic margin, which]
must be more and more heavily drawn
ffifeon as the war proceeds.
reduce the total rate on the highest in
comes to 34 per cent, or at most to 40
per cent, nnd that at the same time It
will reduce the rate on the smaller In
comes derived from personal or profes
sional earnings.
The Southern Rail
way Farm Bureau
Has asked usjforjajlist of our farms for
sale. They advertise these all over the
Untted States. List your farm with us
now so we can get it well Advertised.
DAKE & McLARTY