The ABC of taxation

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Monograph

Identifikator:: 1010741608

URN:: urn:nbn:de:zbw-retromon-21094

Document type:: Monograph

Author:: Fillebrown, Charles Bowdoin

Title:: The ABC of taxation

Edition:: Fourth edition specially revised

Place of publication:: Garden City, New York

Publisher:: Doubleday, Page & Company

Year of publication:: 1916

Scope:: 1 Online-Ressource (236 Seiten)

Digitisation:: 2018

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: Part I. The three legs of the Tripos

Collection:: Economics Books

44 THE ABCOF TAXATION (a) Unlike the tax upon land, the tax of $100 upon the house cannot come out of the $300 rent (house rent or interest) except indirectly through its effect upon wages as before mentioned, because house rent cannot normally be less than interest on the actual cost of building the house; it must instead be paid by the user of the house, over and above his interest, making his house rent, the annual cost of his house for use, I400 instead of I300. (1b) To repeat: a house rent, otherwise $300, is increased to I400 by a tax of fioo on the house. In contrast with this, you may either take off a present tax of 1100 from the land, or you may increase that tax to I200, and in neither case will the cost of the land to the user be affected. Take off the fioo tax from the house, and the cost of the house to the user will be reduced from I400 to $300 a year; of land and house together, from I700 to |6oo. Proposition 9.— The moral of this illustration is that you get for use annually I300 worth of land for I300, and a house costing $300 for I400. In other words, a tax upon land is a part of, is included in, and comes out of, ground rent, and is no burden to the user: while a tax upon a house is a clear addition to house rent, and comes principally out of the user of the house. To recapitulate: (1) It has been shown that a house tax of |ioo that has been regularly levied takes in taxation |ioo a year of the user’s income. (2) It has been shown that a land tax of $100 takes in taxation no part of the income of the user or present owner, provided that he purchased the land after the tax was imposed.

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