Völkerrecht und Landesrecht

The fiscal problem in Missouri

Bibliographic data

Monograph

Identifikator:: 189206295X

URN:: urn:nbn:de:zbw-retromon-239471

Document type:: Monograph

Author:: Triepel, Heinrich http://d-nb.info/gnd/117417920

Title:: Völkerrecht und Landesrecht

Place of publication:: Tübingen

Publisher:: Mohr Siebeck

Year of publication:: 1907

Scope:: XII, 452 S.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Zweites Kapitel. Das Verhältniss der Rechtssätze

Collection:: Economics Books

292 THE FISCAL PROBLEM IN MISSOURI ratio as computed is in a sense a weighted average, that is, it indicates the relationship between total taxes and total profits of all corporations. It does not follow, however, that the average is typical. Each year a number of corporations report net losses rather than net profits, and the larger the number and size of such concerns, the less representative the ratio becomes. For example, since certain Missouri corporations reported net losses, it follows that a large number of corporations must have had profits much greater than $1.00 for every $0.38 paid for taxes. Even though each corporation reporting from Missouri had a net profit, the ratios for individual corporations would doubtless vary widely. It might be found that there was no concentration at or very near to the average computed from the combined data. Another possibility is that by means of an analysis of individual corporation returns it could be shown that there was a definite modal group comprising corporations with ratios of not less than 259, nor more than 309, and that the average of 389, was accounted for by a compara- tively few corporations with ratios much higher than the average. If the latter should be the case, the mode would be much more significant than the average. A third reason for the limited conclusions that can be drawn from such data is the fact that variations within a state are no doubt usually much larger, even in the same class of industry, than the variations among the averages for the several states. In many states property tax assessments are decidedly variable, and, since property taxes ordinarily account for the largest part of state and local taxes paid by corporations, the reasons for the above statement should immediately be apparent. In view of the importance of the property tax item and the variation in assessment ratios, it would seem to be unwise to attach any significance to interstate comparisons that are based upon data in the form of averages without first ascertaining the extent of the variation within a particular state. It would, however, be permissible to make comparisons between cities in several states, if comparable plants could be considered and all of the necessary information obtained. As yet no wholly satisfactory approach to the problem of

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