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form F. R. 511 TO_____________ FROM____________________________ REMARKS: Not only is this humorous, but sarcastic! I think you will be amused. CHAIRMAN'S OFFICE 0 January 22, 1942. Miss Elizabeth iton Wood, 2291 N. *ifty-Third Street, Philadelphia, Pennsylvania. Dear Miss Wood: If your note of January 20 is to be taken seriously, then let me say that you are incorrectly informed as to my views on taxation. I made no proposal that would limit anybody to any given amount of money a year. Tfthat I did propose was that the income tax base be further broadened by reducing the in dividual exemption for a single person to $600 instead of the present $750. Income taxes are based on ability to pay, whereas a general sales tax, which has been advocated by various busi ness groups, is, in my opinion, wholly inequitable, bearing heaviest on those least able to pay. For example, on a thousand-dollar income a 10 per cent sales tax would amount to $100. Under my proposal to reduce the exemption to $600, the amount of income that would be taxable would be $400 and the tax at present rates would amount to $40. I do not like to pay taxes any better than you do, but they are obviously necessary. Sincerely yours ET:b M . S. £ ccles, Chairman
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