Altril, 1931 



THE I. A. A. RECORD 



Page Five 



et^s Put the Other Horses to Work 



^^:^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ \^^ A GOOD HORSE TO DEATH 



The farmer must have a new deal in taxation 



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Illinois property produces less than one-fourth of the total income of the entire 

 population but pays all direct general taxes. : . 



lllinoTs tangible property produces about one-seventh of total net income of the 

 entire population but pays about 95 percent of all direct general taxes. 



Intangible property owned by residents of Illinois produces at least nine percent of 

 total net income of the entire population but pays less than five per cent of all direct 

 general taxes. 



Productive intangible property owned by 'residents of Illinois now amounts to at 

 least $12,000,000,000 in value, of which only a small amount is assessed. 



Personal industry produces at least three-fourths of total net income of the entire 

 population but pays no direct taxes. 



A tax on net income is th 



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