The Income Tax; a Study of the History, Theory, And Practice of Income Taxation At Home And Abroad
The book The Income Tax; a Study of the History, Theory, And Practice of Income Taxation At Home And Abroad was written by author Edwin Robert Anderson Seligman Here you can read free online of The Income Tax; a Study of the History, Theory, And Practice of Income Taxation At Home And Abroad book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The Income Tax; a Study of the History, Theory, And Practice of Income Taxation At Home And Abroad a good or bad book?
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In Germany, in France, and in many other countries, after the general property tax had been abandoned, and after it had been recognized that net product was in some respects a better index of taxable capacity than property, the whole tax system was changed into one on prod- uct : that is, first we had the land tax, which was levied on net produce ; then came the buildings tax, levied on the rental value of buildings ; then came the tax on capital, according to the yield of capital; then came th...e tax on business, in which the assumed profits were calculated according to the outward signs. All these were taxes on things — on the land, on the house, on the business, on the capital ; and finally, to round The Income Tax in the American Colonies 385 out the system, there was sometimes imposed a tax on the remaining source of profit, that is, the professions and em- ployments which yield a produce in the shape of a salary or compensation. These taxes are still to-day known as real taxes (impdts riels), or produce taxes {Ertragssteuern).
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