The Coming Land Policy the Antithesis of the Single Tax Policy

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Income tax versus land, tax. A partial analysis of the income tax, to show who pays it, is a very 32 THE COMING LAND POLICY complex problem; nevertheless I expect to treat the subject in another supplement as viewed from the taxpayers' angle. For the present let it suffice to say that the difference to the consumer between the tax on individual incomes and that on land is fundamental. This difference is due largely not only to the normal part of the income tax, but to the exemptions, the surtax..., and indirectly the excess profits tax. Likewise it is due in a measure to the fact that incomes are earned at least partially, mak- ing them to this extent a part of the true cost of production, and to the further fact that the income tax is practically universal and, therefore, more general than the land tax in its direct application. But the individual income tax on incomes derived from strictly farming operations, as here proposed, does not relieve the consumer as much as will the regular individual income tax.

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