Taxation a Letter

Cover Taxation a Letter
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, there would be left, say, from $150, 000 to 1250, 000.
Or, let us take the case of a man whose earnings for the year are ^200, 000 Average Federal Income Tax 50. 50%, equalling 101, 000 Leaving, 199, 000 There would thus be left, after making provision for State and municipal imposts and charitable con- tributions, etc. , say, from |6o, ooo to $70, 000.
You may say, "Why, that still leaves them more than plenty to live on; a vast deal more than the majority of the people have. " Granted! But
...that is not the point.
You may say, "No one ought to be allowed to earn incomes as large as those you have cited. " But again, that is not the point. The time may or may not come when a limit may be placed on what a man may earn. Thus far, no civilized nation has ventured upon such a step. Its consequences and repercussions would be almost incalculable.
At any rate, if we ever want to make so funda- mental an alteration in our economic order, the proposition needs first to be exhaustively discussed 13 A LETTER ON TAXATION before the people in all Its bearings, so that its inevitable consequences may be clearly understood, and the people should pronounce themselves upon the subject definitely and unmistakably.


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