Thank you for visiting SNEWPapers!
Sign up free
Editorial
March 9, 1943
The Wilmington Morning Star
Wilmington, New Hanover County, North Carolina
What is this article about?
Editorial opposes extra 1943 income tax collections during shift to pay-as-you-go system and basing future taxes on prior-year income, quoting New York Times to argue for taxation based on current ability to pay, criticizing Treasury.
Clipping
OCR Quality
95%
Excellent
Full Text
Plain Enough
Answering the Treasury and other agencies
and individuals who hold out for extra income
tax collections this year. During the transition
to current payment, the New York Times has
this to say:
There is no reason why an excessive
burden should be placed on the taxpayers
in 1943 simply because that is the year
in which a shift to a pay-as-you-go system
is made. Nor is there any good reason
why taxpayers should be paying in 1946,
say, taxes based in large part on what
their ability to pay was in 1942. This
would have the effect of holding a 1942
tax liability over the taxpayers for a series
of years. Why should not the taxes of
1944, 1945, 1946, and so on, be based on
the actual ability to pay of each taxpayer
in those years, instead of in part on what
his ability to pay was in the past year
1942?
Surely this is plain enough to be comprehended
even by the Treasury.
Answering the Treasury and other agencies
and individuals who hold out for extra income
tax collections this year. During the transition
to current payment, the New York Times has
this to say:
There is no reason why an excessive
burden should be placed on the taxpayers
in 1943 simply because that is the year
in which a shift to a pay-as-you-go system
is made. Nor is there any good reason
why taxpayers should be paying in 1946,
say, taxes based in large part on what
their ability to pay was in 1942. This
would have the effect of holding a 1942
tax liability over the taxpayers for a series
of years. Why should not the taxes of
1944, 1945, 1946, and so on, be based on
the actual ability to pay of each taxpayer
in those years, instead of in part on what
his ability to pay was in the past year
1942?
Surely this is plain enough to be comprehended
even by the Treasury.
What sub-type of article is it?
Taxation
Economic Policy
What keywords are associated?
Income Tax
Pay As You Go
Tax Burden
Treasury
1943 Transition
What entities or persons were involved?
Treasury
New York Times
Taxpayers
Editorial Details
Primary Topic
Opposition To Extra Income Tax Burdens During 1943 Transition To Pay As You Go System
Stance / Tone
Critical Of Treasury Position Advocating Current Year Taxation
Key Figures
Treasury
New York Times
Taxpayers
Key Arguments
No Excessive Burden On 1943 Taxpayers Due To Shift To Pay As You Go System
Taxpayers Should Not Pay 1946 Taxes Based Largely On 1942 Ability To Pay
Taxes For 1944, 1945, 1946 Should Be Based On Actual Ability To Pay In Those Years Rather Than Past Year