The ABC of taxation

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Monograph

Identifikator:: 1741838835

URN:: urn:nbn:de:zbw-retromon-116716

Document type:: Monograph

Author:: Cassel, Gustav http://d-nb.info/gnd/118519492

Title:: Theoretische Sozialökonomie

Edition:: 4., verb. und wesentl. erw. Aufl.

Place of publication:: Leipzig

Publisher:: Deichert

Year of publication:: 1927

Scope:: XIII, 649 S.; graph. Darst.

Digitisation:: 2020

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Drittes Buch. Das Geld

Collection:: Economics Books

/ GROUND RENT A SOCIAL PRODUCT 23 The inequality of the present system of taxation is apparent in the following calculation (based upon the above assumption of 2\ per cent depreciation) regarding the land and buildings of Boston for the last twenty years, bearing in mind, that it is not the rent, either of buildings or land, that is under consideration, but only the effect of taxes and deprecia tion upon the one, and the opposite effects of taxes and appreciation upon the other. BUILDINGS The valuation of Boston’s buildings in 1887 was ....... If time’s annual tax or depreciation of ai per cent (besides the city’s tax of I i per cent which is paid by the owner only when he is also the tenant) has been for twenty years 5223,000,000 50 per cent or . III ,500,000 I hen the value of same buildings in 1907 is only $111,500,000 LAND The valuation of Boston’s land in 1887 was Time’s average net annual appreciation has been (after paying city’s tax of ij per cent) for each year 5 per cent and for twenty years 5322,000,000 more than 100 per cent or .... 331, 000 ,° 00 And the value of the same land in 1907 is Thus the increase in the valuation of land in twenty years is nearly 50 per cent more than was the valuation of all the buildings twenty years ago. 5653,000,000 Five per cent on this twenty years’ increase of $331,000,000 would he §16,650,000, which, added to the l4>3 0o .ooo assessed upon the land in 1887, would he $20,900,000, as compared with Boston’s taxes of $21,254,000 in 1907. Those who agree with John Stuart Mill that it would be sound public policy and no injustice to land owners

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