Spencer Heath Archive

Item 3133

Carbon of letter from Heath at 434 West 120^th Street, New York, to Herman A. Acker, The Real Estate Association of the State of New York, 318 E. Kingsbridge Road, Bronx, New York

November 11, 1936

 

 

Dear Mr. Acker:

 

     Replying to your favor of December seventh. I wish to say that I am most interested in the phase of the problem of real estate ownership that relates to the res­toration and maintenance of income to the properties.

 

     A study of the whole subject from this angle has convinced me that taxes destroy income by their inci­dence far more than by their amount, and that we can ob­tain much more relief by change of incidence than by try­ing to reduce the amount of taxation in ways that are a detriment to income and therefore destructive of values.

 

     For your more detailed reference, I enclose copy of a letter written some time ago to Mr. Adam Schantz with whom you are probably acquainted.

 

     Assuring you of my wish to be of service, I am,

 

Very truly yours,