Newspapers / The News-Herald (Ahoskie, N.C.) / April 11, 1919, edition 1 / Page 17
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THE FUDAMENTAL - QUESTION-TAXATION Beginning Series of Article* on New Features of Old Problem; New Legislation Should Have Approval of Those Who Want to Pay According to Their Worth and No More; Some Changes as to Listing This- Year. By A. J. Maxwell The press of the state has a large share of responsibility for the unani mity with which the recent General Assembly passed one of the most thoroughgoing revaluation acts ever adopted in any state. Its continu ing cooperation is essential to the success of the work undertaken. It is my purpose to ask publication af a short article once a week for sever al weeks on some phase of the ax problem, in as many papers as will give space to it, as well as to ask the contiued generous cooperation of the press, or its own initiative in keeping the matter before the public and in fairly presenting the plans and pur. poses of this great undertaking. Pro perly understood it should have the co-operation of every man who wants to pay his equal share of taxes and no more, ts success depends upon the co-operation of the public and upon its success depends in large measure the future progress of the state. North Carolina is more distinctly a state, and less a combination of one hundred counties, since the recent ses sion of the Gereneral Assembly. It broke new gmoud in many lines.but all of its furrows lead to herealiza tion of a more coApact State. In this respect therecent session oftheGen eral Assemdly was epochal. In pblic schools,public health, public roads and in taxationits enactments show more than a tendency in this direc tion?they practically establish State systems. The Legislature came to Raleigh with a full realization that a complete revision of the tax system of the Stat fulness in all lines were dependent not alone the State agencies of help endfulness in all lines were dependent upon it, but that the counties cities and tows had reached the limit of endurance and progress under the old system and old methods. A complete new order of things was demanded not only to relieve creasing tax rates , which will reach : a point of $3.75 this year in one of the great cities of the state, and to irive a more equitable result between individual taxpayers by a more ccur ate valuation of property, ut i* be came anecessary prerequisite to the newpolicy of State-wide dealing with j other public prodlems. tf aqual school facilities are to be provided by the State in all the counties of the State, and if other grekt undertakings are | to be handled in the same way the State must of necessity see to it that there is a uniform system of taxt tion uniformity administrated in all the counties of the State. If money is to be drawn by the State from one county to maintain public roads and schools in another, as will be done un der legislation enacted at thissegsion the State cannot escape responsibil ity for requiring that the property in each county shal be valued in each county in the same way and up to the same standard. The Legslature also came to Ra I leigh with a full realization than ac curate valuation of all the property of the state was a large undertaking, requiring not only adequate organi zation and means, but time in which , to make adequate investigations. ' The will to do equity, without the means, is important. So its first de finite conclusion was that this work should not be hurriedly done?that it would not undertake to have real es tate revalued at all for use in the i year 1919, but that it would give all the time possible for the prosecution of this work by giving a whole year more of tims than has ever before been given in this state to a revalua tion of property. The machinery for this revaluation was enacted in a sep arate bill. Subsequent articles will treat of different sections and pro visions of this act. Tax Listing for 1919. The usual form of machinery act was reenacted with some important amendments, for the regular listing i of personal property this year. The 1 Boards of County Commissioners in the several counties will appoint, at their regular meeting in April, town 1 ship list-takers for taking the lists of personal property in the usual way in the months of May and June, and will bring forward the old valuation of real property. No More Listing Bank Stocks. ptrP tdhr eob.n shrdlu etaoin nnn One important change, applicable to listing this year, iJom away with the listing of share? of tt?ck in banks by the shareholders. The tax in each case will hereafter be charged against the bank insted of the share holder, and paid by the bank. This has been the rule as to all incor porated companies other than banks. Banks are permitted as heretofore, I to deduct State bonds issued since 1910 from surplus, and are now per mitted todeduct Federal and State bonds to the extent of 25 per cent of capital and surplus if held three months prior to date of listing?May ; first?and can deduct Federal bonds of the new issue of Victory bonds to be issued in April, if paid for by April 30th. List income for Eight Months In stead of Year. For the year l?ia taxpayers will be required to list their income from salaries and fees for the eight months from May 1, 1918 to January 1, 1919, instead of for a full year- . This change is made for the purpose of having the state income tax year con form to the calendar year, or to the same period as that used by the Federal government, and after this year income will be reported to the state for the full calendar year. A slight change is also made in the ex emptions, favorable to married men. The exemption is reduced for single men from $1,250 per year to $1,000 and for married men or widows and widowers having minor children the extension is increased from $1,250 to $1,500. For the year 1919, in which the income reported is eight months, the exemption is prorated accordingly and will be $666.6 and $1,000 res pectively. Don't Forget to List Your Dog. The tax lister in every township in the State this year will want to know if you own a dog, or if any member of your family owns a dog and if you admit the insinuation the tax will be $1.00 for males and $2.00 for female dogs, which 'will go to the school fund of the county. These are the only material chan ges respecting your tax list for this year. The next article will deal with some features of the revaluation act. I" OFFICIAL TRADE MARK OF THE] 1919 WAR SAVINGS STAMPS j (T*c picture of Benjamin FYanklin reproduced above appears on the V ir Saving* Stamps of the new *eri*?? CRIPPLED SOLDIERS LEARNING USEFUL VOCATIONS j ??ii?n?it ? rr'TinmiiCT?mum ^nwwfrin^. |,...... :? At the Walter Heed huopitut In Washington many crippled soldier* are lK>lng tausht to do work that will mak', them wlfmipportlnK. These photographs show them learning to be telegraphers, nioMno-picturv projectors and oper ators of oxy-acetylene welding machines. ~ ? ? BRITISH WAR BONDS SELLING AT ABOUT PAR British Investors Not Alarmed As to Stability of Their Own Securities. AMERICA IS WEALTHIEST NATION IN THE WORLD Savings Per Capita in South Alone Has Increased 45 Per Cent in Four Years. British war bonds have been sell ing in the American market around par. It is therefore evident that Brit ish investors are not alarmed as to the stability of their own public secu rities. If they can have such faith in these bonds, despite the, by compari son, enormous debt of the British em pire, American investors may with certainty look upon Victory Loan bond^ as the best secured investment on earth. , America is the wealthiest nation in the world. She has suffered less from the war. In the South alone the per capita savings have incressed 45 per cent since the year 1914. Treasury statistics issued Decem ber 1, 1918, show that the per capita _j',i supply of money in America was lar ger than it had ever before ben an increase of $4.47 in eleven months. All these truths spell one import ant fart?the Victory Liberty Loan offers a chance for investment in the best secured bonds in the world, and offers it to the people most able to take advantage o fit. / Habitual Constipation Cored in 14 to 21 Days "LAX-FOS WITH PEPSIN" is a specially prepared Syrup Tonic-Laxative for Habitual Constipation. It relieves promptly but should be taken regularly for 14 to 21 days to induce regular action. It Stimulates and Regulates. Very Pleasant to Take. 60c per bottle. J (I We Have Answered His Every Call || THIS HOUSE OF HAY AND GRAIN, FEEDSTUFFS OF ALL KINDS, HAS BEEN ! ||| CAREFUL TO UPHOLD THE ADMONISTIONS OF UNCLE SAMMY DURING THE WAR, BY URGING FARMERS TO PRODUCE THEIR OWN PRODUCTS. THE DEFICIENCY OF FEEDSTUFFS HAS BEEN MET BY US, AND OUR CUSTOMERS ARE OUR BEST ADVER TISERS. ^ lip . We Are Stilly Filling the Needs |||. OF OUR OLD CUSTOMERS AND MANY NEW ONES WHO HAVE BEEN INFLU- jSjfj j * ENCED BY THE SATISFACTION GIVEN THEOLD BONA FIDE CUSTOMERS. THE ANI MAL THAT DOES NOT FLOURISH ON OUR PRODUCTS IS SUB NORMAL AND NEEDS CTS FOR BEST RESULTS AND SATISFAC-MEDICAL TREATMENT. TRY OUR PRODU . / i \m 111 High Grade Line of Flour | . S. E VAUGHN & BRO. Ahoskie, - : : : : : North Carolina * 1 ? p a Co I r ? :> C*3 I
The News-Herald (Ahoskie, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
April 11, 1919, edition 1
17
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