NEW YORK FINANCE
A DEFICIENCY OF £6,000,000. THE MAYOR’S INTENTIONS'. WILL ’FAX LAND, NOT PERSONAL ' EFFECTS. Press Association—By Telegraph—Copyright. NEW YORK, March 4. (Received March 5. at 9 a.m.) Tho Budget of New York City chows a deficiency of sir millions sterling. Mayor Gnynor proposes to abolish all taxes on personal propertr, and substitute therefor increased rate*; on real estate. Ho contends tlr.it tho present system is a source of bribery and extortion, the assessment of |iersonahestates being loft to the caprice of clerks, while multi-millionaires escape by securing a legal residence in districts where personal taxes are not levied.
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Bibliographic details
Evening Star, Issue 14308, 5 March 1910, Page 5
Word Count
100NEW YORK FINANCE Evening Star, Issue 14308, 5 March 1910, Page 5
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