DOE A TH. AUN DY Ax ES 3

Taxation like dentistry is a painful subject to even think about,
but the longer the operation is postponed the more serious will
be the consequences. Taxation is the opposite of money. Money
is something the average person can never get enough of, whereas
with taxation most of us would be better satisfied with a very
small share. Norman Angell, the eminent English economist,
says: “Money can never be a safe and dependable device in a
society made up of people who are ignorant of its nature”. How

aptly this same thought could apply to the subject of taxation.

Whether or not we like it, taxation, is a permanent fixture
in our economic way of life, and we might just as well become
reconciled to it, and start to give some intelligent thought to
this important subject. Many a person has worked diligently
during his business lifetime to endeavor to provide an adequate
income for his family after his death, but giving only superficial
thought to what takes place with his estate after his death,
sometimes with disastrous results to the loved ones who survive
him. Please note the chart entitled, ‘““What Makes an Estate
Shrink”. This chart gives a somewhat alarming picture of what
is left for his family to share in after debts, administration ex-

penses and taxes are paid.

Until the past year it was very generally thought that only
the very rich were affected by taxation, but now we have some
forty-five million income taxpayers, so that now almost every

employable person has been added to the roll of taxpayer.