How to Pay for the War

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The best estimate within our power puts the total income that it would excuse from tax, at rather more than twice the sum of the Abatements and Allowances for Children in 191 5- 1 6. 2 This is the measure of the new encouragement 1 Such a system of Minimum Payment exists in various European Income Tax systems, alongside of liberal and varied Abatements and Allowances. Thus, in Neuchatel and other Swiss Cantons, no person gets off with a payment of less than a franc or two usually charged on eac...h adult however many Abatements and Allowances he may be entitled to claim. In Tasmania in no case must the amount payable be reduced below half-a-crown.
2 It may be estimated that the total number of incomes over 160 but not exceeding 2500 is about 1, 100, 000, of which 907, 506 were actually allowed Abatement in 1913-14 as being under ^700. The reduction of the Exemption limit to ^130 may make the total number brought into assessment between 130 and 2500 well over two millions, of which all but a couple of hundred thousand will be entitled to Abatement as being under ^700.


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