Excerpt from Annual Report of the State Tax Commission, 1920 Taxation at its best can have but two reasonable functions, namely, (1) the support of government, and (2) the limitation of expenditure. The necessity for the application of the second function must be apparent to all who have watched the growth of governmental activity and cost. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Third Annual Report, Kentucky State Tax Commission, 1920 The commission has examined and considered more than corporation reports for the purpose of determining the amount of corporation license tax due thereon, and has certified the amount of tax due, if any, to the Auditor of Public Accounts. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Annual Report of the State Tax Commission: 1918 The State Tax Commission makes to the Legislature the following report of the State Tax Department for the year 1918. Since the last report of this Commission, which was presented to the Legislature on January 9, 1918, the department has been chiefly engaged in administering all the tax statutes of the State and is able to report some progress toward better methods of assessment, especially with reference to the taxation of corporations. The Corporation Tax Bureau of the State Tax Department has assessed corporation taxes during the year from November 1, 1917, to November 1, 1918, of approximately $18,000,000. This work done under article 9-A of the Tax Law, which embodies the statute providing for the franchise tax on mercantile and manufacturing corporations, has occupied a large share of the attention of the Corporation Tax Bureau of this department. The special franchise tax of the State has felt the effect of the economic and social conditions of the past year, and as a result a considerable decrease is shown in the valuations of this property. The value of this class of property is somewhat determined by the net earnings rule and the net earnings of all companies affected by this law have been reduced by the great increase in wages and in the cost of material, as well as in the increased federal and State taxes. In the city of Buffalo the assessed valuation of the special franchise property in 1917 was $33,727,400; in 1918 it was $32,978,800, a decrease of $748,600. In the city of New York the assessed valuation of the special franchise property in 1917 was $494,231,250; in 1918 it was $488,631,850, a decrease of $5,599,600. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Annual Report of the State Tax Commission, 1919 The insertion of the phrase and from which any income is derived in section 352 has resulted in great injustice to tax payers and in no end of confusion. This phrase clearly refers to and qualifies all that precedes it to which it may be applicable. The result may be characterized as absurd and so inequitable that it should be stricken from the section by amendment before it can possibly be put into execution. For example, the owner of a thousand dollar bond receiving 5 per cent interest thereon is exempted from the personal property tax and will pay only on the income, and may even be exempted from the income tax if the total amount of his income does not exceed the deduction of the or allowed, as the case may be. If he pays on the income the tax will be 50 cents, $1 or according to the rate at which he is taxable, while the owner of a bond which may still be worth par, but on which interest payments have been sus pended, is held for personal assessment and must pay a tax at the prevailing rate, which in New York city would amount to about $24. Bank deposits drawing interest are exempt while the money which may have been received from income and taxable as such' becomes taxable as personal property if it is not deposited at interest. By this process the owner of property not yielding an income may be taxed fifty times as much as the owner of similar property yielding an income. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Annual Report of the State Tax Commission, 1917: Transmitted to the Legislature January 9, 1918 The Commission intends to exercise its authority to conduct appeals and reviews of supervisors' equalizations to the full extent of the law, so far as it is physically able so to do, believing that by correcting unfair and illegal equalizations and preventing their recurrence, it will not only secure justice to tax districts in the apportionment of general taxes, but also remove one of the greatest inducements to under-assess property for taxation purposes. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Sixth Annual Report of the South Carolina Tax Commission to the Governor and General Assembly, 1920 H$5 Haw 0888555: 785388 58885 35 5857 8858 85485. $55 mmm5mm5m 55755 cm $5 8825 0 $85 $85 m: $5 $55 555 58. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Eleventh Annual Report of the New Hampshire State Tax Commission: Tax Year of 1921 The number of poll taxpayers has practically doubled owing to the assessment Of these taxes against women, in 1920 there being poll taxpayers as against in 1921. Of this number are World War veterans paying three dollars, the remaining number paying the five dollar assessment. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.