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

VALUE OF LAND AN UNTAXED VALUE 49 (c) This whole doctrine overlooks the inevitable con sequence that, if “the selling value of land is an untaxed value” and “if the burden of a land tax cannot be made to survive a change of ownership,” these facts would so increase the demand for land that the profits from its purchase and ownership would not exceed profits in other lines of investment.” Let us examine these points one by one. Ca) It is, as I understand, admitted by all econo mists that in the United States (the country now under consideration) the tax on land is everywhere exceed ingly unequal, and, especially in the large cities, almost exclusive. Either the capitalisation of the land tax is a fact or it is not. If it is a fact it is, with its corollaries, the most vital fact of all those bearing upon the material Welfare of the race, and ought not to be brushed aside m three short unsupported sentences like the above, all of which are substantially contrary to the mass of evidence assembled in these chapters. But the capitalisation of the land tax in the United States is a settled fact, and hence not debatable; a business condition of every-day knowledge in the buy- mg and selling and assessment of land. It is out of the domain of theory, and not dependent upon any abstract speculation concerning an exclusive and unequal tax. _ For the sake of illustration; First. Let it be assumed fbat there are two, and only two, fields open to myestment, viz., land paying 5 per cent on purchase Pnce and bonds paying 5 per cent on purchase price (because either by exemption or by evasion they es- ca pe taxation). What is it that fixes the above rate

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