Sae Transactions Volume 9, PT. 2

Sae Transactions Volume 9, PT. 2

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1914 edition. Excerpt: ...and reliable data must be collected before any just formula can be worked out. R. McA. Lloyd: --We should not lose sight of the fact that the tendency of legislatures is to tax luxuries rather than commodities. I doubt very much if it is wise or practicable to tax trucks according to a mathematical formula that is consistent with a tax on pleasure vehicles. The tax on a truck becomes eventually a tax on a commodities, because the cost of commodities includes the cost of transportation. It seems to me that there will be an increasing tendency to relieve the commercial vehicle from taxation and put the taxation on the pleasure vehicle, which is more or less of a luxury. Personally I am in favor of that. We should remember that in a great many states it is unconstitutional to levy a tax on anything but the valuation basis; that may be the case more in the future than it has been in the past. In New York State the tax to which we submit is really unconstitutional. It is not called a tax, but a license fee. All conditions would be better met if the tax were based on valuation, and possibly the large, luxurious cars were made to pay it. Eventually the taxes fall on everybody; it makes no difference who pays them; we all pay them in the end. Cha1rman Z1mmersch1ed: --While the points made by Mr. Lloyd are very good, he has brought in perhaps more of what is desirable from the legislative point of view than what this body should take into consideration. What we must do is to furnish an accurate engineering formula and then let the legislators tack on the legal and economic features of a taxation statute. A. P. Brush: --Would it be within the province of the Society to help to avoid futile and inadvisable legislation, by making up what we believe to
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Product details

  • Paperback | 144 pages
  • 189 x 246 x 8mm | 268g
  • United States
  • English
  • black & white illustrations
  • 1236978153
  • 9781236978158