NET TAXATION PROPOSALS.

Auckland Star, Volume LI, Issue 215, 8 September 1920, Page 5

NET TAXATION PROPOSALS.

I RELIEF FOS THE SMALL MAN. | CHILDREN MEAN EXEMPTION. '. THE FARMKR WITH A MORTGAGE. ' Although most people are like Mr. Wilford, who declined to say much j about the new taxation proposals until | he had time to consider them, there seems to bo a general agreement that Mr. Massey's proposals indicate an endeavour to make the "big man" sihoulder lore of the burden. A welcome relief >r the man with a family and a taxble income is afforded by the promise o double the £..'5 exemption for each hild up to the age of eighteen years f ajie. In the past, exemption for j hildrai did not mean very much, us the I eoplo with large families wore not as rule the ones who were called up to ontribute much to the revenues by way f direct taxation. Wages have gone p so much of recent years, however, hat scores of workinp men nre now ailed on to pny income tax. Exemption ' i\ the case of a taxpayer maintaining is mother, and also in the case of iisiirancc and superannuation is also irovided. This will make a hie difTernre to men who were earning enouch o bring them under the Land and m-ome Tax Act. but who 'could ill ifTord to pay a tax. These rxrnintions lo not fifrnre largely in the public eve, icrhaps, hut they ' will uTidnnhtodlv iring relief to a class which cannot alvays make it«elf heard, and is deserving >f more consideration —the family man. A provision in the new Act that is •onsM»re,l to ho a hiff heln to the : itnitrpli'ie man on the land who has | he misfortune to he -'wnrki-iff off n oad.' , is that to remove hardship-' on ; he mortrntror. At the expmnion operates up to £ISIO unimproved ,-nlne. and i<: then reduced p«tom->tl"">Hv i"til it di'nnpenrs altopether at £^ n f>n. This was nltocether too small ni exemption to help the small man. ['nder the new proposals, the far>ner iritli n fill cret comol"te i-NcTtintion ur> t" f'Onn. a»-d then it i = rcflnced l>v n slid!"" scale until it r-easies to at. EROOrt.