Evening Republican, Volume 18, Number 287, Rensselaer, Jasper County, 5 December 1914 — Here’s Another Beautiful Feature of the War Tax. [ARTICLE]

Here’s Another Beautiful Feature of the War Tax.

If you sell a piece of property now that this beautiful “war” trf is in operation, you will be required to pay additional stamp tax of 50 cents for each SSOO or fraction thereof to have it recorded. The deed will not be complete without it. The old scheme of stating the consideration of the deed at $1 and other valuable considerations will not go. The exact amount of the deed must be stated and tax paid thereon, otherwise you will be liable for prosecution for evasion. If you give a mortgage back it has to be taxed and all affidavits must also be taxed. Over at Fowler the past week L. D. Owings sold his livery barn and residence and six lots to Edward L. Smith, of Monon. The consideration was $13,500. Mr. Smith was required to pay $13.50 “war” tax to have the •deed recorded. The Benton County Review does not explain what the other features of the transaction were, but says that to clean up the entire deal Mr. Smith Was required to pay “war” tax amounting to ■about S4O. This is apt to paralize the tradimg business among real estate mNen and to work a great and undeserved hardship, for there is no reaeon why persons buying property should have to pay such an outrageous tax.