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

7 o THE A B C OF TAXATION per square foot a proper place for this and a hundred other similar tombstones? The economic, or ground, rent of this estate is not (probably) what the present tenant pays for the use of the land with its worthless buildings, but is what such use would command in connection with an up-to- date building. This gross ground rent is at least 5 per cent on $730,000 (the assessed valuation), $36,500, plus present taxes on the land, $2,035, or $38,535. Whatever the user receives in return for the annual payment of this ground rent or natural tax (be it $38,535, or more or less), he receives from the city and people of Boston. The owner, as owner, to whom this rent is paid, gives him nothing in return. Ought not the owner at least to pay the taxes? Question. Why do these worthless Washington Street buildings withstand the march of improve ments? Labour wants to put up better buildings. Capital wants to invest in better buildings. Business wants to occupy better buildings. Answer. The reason is that a building investment involves labour and business risk, while land investment does not; and further that people are not only permitted to hold this land practically unimproved, but are actually paid handsomely for doing so. Query. Is it not a fact that the business of Wash ington Street would be better accommodated to-day if every alternate square were covered by an up-to- date eight or ten story block, with open parks or even market gardens in the intervening squares? Ground rent is whatever amount a user pays, or would be willing to pay, annually, for the use of the

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