Studies in State Taxation With Particular Reference to the Southern States
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In our eReader you can find the full English version of the book. Read Studies in State Taxation With Particular Reference to the Southern States Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Studies in State Taxation With Particular Reference to the Southern States
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If, on such property, the tax was exclusively a state tax, very much lower than at pres- ent, it might reasonably be hoped that the returns would be greater. Such a change would require a constitutional amendment in North Carolina and is not to be looked for in the near future. 1 As an abstract principle of justice it may be held that personal property should always pay exactly the same tax as real property. At any rate, the constitution of No rth Carolina so asserts. But abstract principles an...d practical measures are frequently at variance, and it is surely of little satisfaction to the honest taxpayer to have the consola- tion of knowing that whether his neighbor escapes or not, still the abstract truth is enunciated by the constitution.
1 The first taxation of personal property in North Carolina was made in the manner recommended here, an income tax being levied on the returns from money invested in certain ways.
113] Taxation in North Carolina 113 The taxes which may be regarded as counterbalancing the lack of progressivity in the general property tax are the inheritance and the income tax.
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You can find similar books in the "Read Also" column, or choose other free books by Hollander, Jacob Harry, 1871-1940 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
If, on such property, the tax was exclusively a state tax, very much lower than at pres- ent, it might reasonably be hoped that the returns would be greater. Such a change would require a constitutional amendment in North Carolina and is not to be looked for in the near future. 1 As an abstract principle of justice it may be held that personal property should always pay exactly the same tax as real property. At any rate, the constitution of No rth Carolina so asserts. But abstract principles an...d practical measures are frequently at variance, and it is surely of little satisfaction to the honest taxpayer to have the consola- tion of knowing that whether his neighbor escapes or not, still the abstract truth is enunciated by the constitution.
1 The first taxation of personal property in North Carolina was made in the manner recommended here, an income tax being levied on the returns from money invested in certain ways.
113] Taxation in North Carolina 113 The taxes which may be regarded as counterbalancing the lack of progressivity in the general property tax are the inheritance and the income tax.
What to read after Studies in State Taxation With Particular Reference to the Southern States?
You can find similar books in the "Read Also" column, or choose other free books by Hollander, Jacob Harry, 1871-1940 to read onlineMoreLess
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