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 61 location of A. Stowell & Co. (Fig. VI) would afford to business four times as much floor space as now at one-quarter the present average rental per square foot. The ground rent of 5 per cent on $130, the assessed valuation, would l}e $6.50 per square foot. The rent of a building eight stories in height, costing $50 per square foot, would be fa.50 per square foot, mak ing ground rent and rent of building together $9 per square foot. Subtracting from this $9 three-quarters (16,75) for ground floor and basement, there is left for the remaining seven floors $2.52 per square foot, °r 32 cents per square foot for each floor. Upon the area of 4,630 square feet at $6.75 per square foot, this means a total rental for ground floor and basement of $31,253, and for the other seven floors 110,417, or an average of $1,488 each. This figure is probably much under what such floors Would actually command. This estate occupied by A. Stowell & Co. costs the city of Boston just as much in the way of Public service as it would with the finest possible building. It is this constant expenditure for public service that maintains the value of the land, while adding nothing to the value of the buildings. Further, maintenance is not all. The present value °f the land has been paid for, dollar for dollar, by the people of Boston. Why should not this estate P a y taxes in proportion to the taxes that are spent Upon it? Query. Is it reasonable that the business of A. Stowell & Co. should be required to pay $30,000 ground rent (5 per cent on $600,000 worth of

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