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Thursday, 8 December 1927

Senator GRANT (New South Wales) . - I should like to know from Senator Kingsmill what virtue there is in his amendment, when compared with that section of the act whichnow taxes a farmer in proportion to the value of the increase in his livestock. Why has the honorable senator remained silent year after year while that unjust legislation has been in operation ? Does he not know that from start to finish income tax is a tax on industry? Why should these persons who receive interest be exempted from paying what other citizensare called upon to pay? The principle that the more a man works, the more taxes he shall pay, seems to be generally accepted. I cannot understand why this section of the community should receive such consideration. If relief from taxation is good for them, it should be good for every one else. I oppose the amendment.

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