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 II. Three Boston object lessons in taxation

Collection:: Economics Books

FIRST BOSTON OBJECT LESSON 57 $275 per square foot, in 1907. This assessed valuation of $275 per square foot for land is the highest in Boston, in 1893 the estate had been sold for 1350,000. The present building was erected in 1881, but it is no distinct improvement, in height or otherwise, over its predecessor. Isvit reasonable that the owner of this land should in fourteen years realise an increase on his investment of 59 per cent (8207,000 °n $350,000), and business reap little apparent advantage in accommodation during twice or thrice that time? in 1907 the estate was paying the owner an income of about $25,000. The Transit Commission took this estate by eminent domain, and settled for it in 1908 for 1630,000 or $320 per square foot for the land and build- tngs. After appropriating subway station accommo dations, it leased the balance of the estate for the s um of $28,000 a year and taxes, or $36,000 as long as no taxes are assessed. This is a return of about per cent net on the purchase price of $630,000, ° n which sum the city is paying—as the money was borrowed—about 4 per cent. ^hat Better Buildings Mean Query. Is it not a fact that with up-to-date buildings, having ample rear courts for the receipt a nd shipment of goods, business might be far better a ccommodated, and Winter Street be made 20 feet yider in the bargain? Would not up-to-date build- ln gs on Winter Street at least double the business Accommodations, and hence be equivalent to doub ling the area of the land? The limited land space of Winter Street commands

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