The ABC of taxation

Bibliographic data

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.

Chapter

Document type:: Monograph

Structure type:: Chapter

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

Collection:: Economics Books

VALUE OF LAND AN UNTAXED VALUE 45 The beauty of this illustration is that (in a classi fication which excludes duplication by certificates or mere legal evidences of property, like stocks, bonds, etc., and includes only actual tangible property) While land stands as always for everything except the products of labour, a house is here made to stand as the representative of any and all products of individual labour, that is, for everything except land, and the illustration thus becomes all inclusive. If you have had the patience to follow it under standing^ you may rest assured that you have mas tered a basic principle of taxation, and have solved one of the most perplexing problems of political economy. What the Authorities Say of The Third Leg of the Single Tax Tripos, viz.: That the Selling Value of Land Is an Untaxed Value. “The land tax, which is next on the list, should equally cause but little controversy. It is persistently claimed as a burden Upon land, or land owners; but this will not bear scrutiny when w e inquire out of whose income the tax is paid, or what way it causes pressure, so that its reduction or abolition would be a benefit to the community. “As a fixed charge upon land for generations, it is now past all controversy a rent-charge. In many instances it has long since been redeemed, the property having subsequently changed bands; in others, inheritors of property have acquired it under the burden, and have calculated their income minus the tax, while purchasers, in buying, invariably allow for it. To reduce” (abolish ?) “it now would be to present the landowners of England with a capital sum of nearly £30,000,000. Their estates, relieved of the burden, would become at once so much u^ote valuable, and if they did not sell, they would pocket an additional income which they never inherited or paid for.”—Sir Robert Gijfen, “Essays in Finance ” First Series, p. 242.

Access restriction

Copyright

fullscreen: The ABC of taxation

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation