On Taxation: How It is Raised And How It is Expended
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to 150^. ; and it was then ex- tended to Ireland. In 1854, in consequence of the Russian war^ the rate was raised to is, %d, in the pound on incomes of 150^. and upwards^ and 10^. on incomes firom looZ. to 150^.; and the produce of the tax increased to 1 1,000,000/. In 1855 and 1856 the same tax was raised to i«. \d, in the pound on incomes of 150?. and upwards, and \\\d, on incomes from looi. to 150/.; and the amount increased still further to 16,000,000/.
In 1857, the war being concluded, the... tax was restored to yd, in the poimd, and the produce in 1857 was re- duced to 11,500,000?* In 1858 the rate was reduced to ^d, in the pound on all incomes under schedules (A), (c), (d), and (f), and the revenue was reduced to 6,700,000?.
In 1859 the tax was again increased to 9^. in the pound, and the revenue increased to nearly 10,000,000/. ; and now, in order to meet an immensely-increased expendi- ture, and to provide for the loss produced by the aboli- tion of Customs duties on many articles, the rate has been increased to \od, in the pound.
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To quickly assess the difficulty of the text, read a short excerpt:
to 150^. ; and it was then ex- tended to Ireland. In 1854, in consequence of the Russian war^ the rate was raised to is, %d, in the pound on incomes of 150^. and upwards^ and 10^. on incomes firom looZ. to 150^.; and the produce of the tax increased to 1 1,000,000/. In 1855 and 1856 the same tax was raised to i«. \d, in the pound on incomes of 150?. and upwards, and \\\d, on incomes from looi. to 150/.; and the amount increased still further to 16,000,000/.
In 1857, the war being concluded, the... tax was restored to yd, in the poimd, and the produce in 1857 was re- duced to 11,500,000?* In 1858 the rate was reduced to ^d, in the pound on all incomes under schedules (A), (c), (d), and (f), and the revenue was reduced to 6,700,000?.
In 1859 the tax was again increased to 9^. in the pound, and the revenue increased to nearly 10,000,000/. ; and now, in order to meet an immensely-increased expendi- ture, and to provide for the loss produced by the aboli- tion of Customs duties on many articles, the rate has been increased to \od, in the pound.
What to read after On Taxation: How It is Raised And How It is Expended?
You can find similar books in the "Read Also" column, or choose other free books by Levi, Leone, 1821-1888 to read onlineMoreLess
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