The Sun.
London, England, 1842-04-29 00:00:00

INCOME TAX.

The fallowing address has been very generally cir-
culated at Norwich and the neighbourliood

CITIZENS AND TRADESMEN,—The Bill for enforcing the
iniquitous tax is now printed.
It behoves you to look to its provisions before its burdens ale
irremovably fixed upon you.
Schedule Dis all that concerns you as tradesmen. It is a
charge of 21. 18s. 4d. per. .cent. upon the profits derived from
am profession, trade, employment, or vocation (the amount of
wliizh is 1501. and upwards). No man so circumstanced can
escape.
It is a matter affecting you as individuals. The uncertain
profits of trade, depending upon health and exertions, are taxed
equally with the permanent produce of real and funded pro-
perty. A man who earns 2001. a year by his industry, has no
capital, and who probaby will leave iris family unprovided for,
is charged the same with 'a man who has 5,0001. at interest,
which he can live upon, and leave behind him, for the main-
tenance of his family. .

Observe ! You must deliver in the account of your profits,
or pay a penalty of 201. and treble the amount of the duty 'for
which Sou ate liable.
If you send in your account, and it is not deemed satisfactory,
you will be examined by the Commissioners, (probably your
rivaltradesrnen,) whose questions, as to capital, returns, losses.
&c., you must answer in writing, and be sworn to, if required.
If your ,asses3mcnt be then increased, yon will be liable to
pay treble duty. If the oath be false, you will be liable to
the penalties of perjury.
Where is your hope of escape?
Again observe! How are your profits to be estimated?
Maik the very words of the Act.

•• No sum shall be deducted from such profits or gains, fur any
sum employed, or intended to be employed as Capital in such
trade.

"Nor for any capital employed in improvement of premises
occupied for the purposes of such trade.
" Nor on account of any interest which might have been made
on such sums, if laid out at interest.
" Nor fir any debts, except such debts, or such parts
thereof, as shall be proved to the satisfaction of the Com-
missioners ! ! ! to be irrecoverable and desperate."
Thai's not all I Mark the el:max !
" In estimating the amount of prbfits, no deduction shall be

inale on account of any annual interest, or any annuity, or
annual payments, payable out of such profits or gains."
Alen of Capitcl ! whether your own or on loan ! Trades-
men, who require the utmost farthing of your profits—Pause !
consider! and then be active to avert this enormous injustice!
Or will you bend your necks to the yoke, in spite of
WARNINGA VOICE !

THE SUN, 11,ONDON. FRIDAY EVENING, APRIL 29, 1 842.

For the corismon portion of the Paris and Spanish
Frontier R ilroad, between Orleans and Tours,
2,000,000 f. For the part of the Paris and Central
Railroad, between Orleans. and Vierzon, 1,500,000 f.
For the continuance of surveys, 1,000,000 f
Total, 13,000,000 f. On the estimates of 1843:
For the Paris and Belgian Frontier Railroad,
8,000,000 f. For the part of the Paris and Ger-
man Frontier Railroad, between Strasburg and Horn-
marting, 3,500,000 f. For the common portion of
th 6 Paris and Mediterranean Railroad, and the Medi-
terranean and the Rhine Railroad, between Dijon and
Chalons, 3,000,000 f. For the part of the Paris and
Mediterranean Railroad, between Avignon and Mar-
seilles, 6,000,000 f. For the common • portion of the
Paris and Spanish Frontier Railroad, and of the Paris
and Atlantic Railroad, between Orleans and Tours,
6,000,000 f: For the part of the Paris and Centre
Railroad, between Orleans and Vierzon, 3,500,000 f.
For the continuation of surveys, 500,000f.—Total
30,500,000 f.

CHAPTER lII.—WAYS AND MEANS.—Art. 17. Pro-
vision shall be made for the present from the floating
debt for the part of the expenses which are to remain
chargeable on the State, and the 'funds thus advanced
shall be definitively repaid from such reserves of the
sinking fund as shall be disposable after the budgets
of 1840, 1841, and 1842, have been provided for.
CHAPTER IV.—FINAL ARRANGEMENTS.—Art. 18.
Each year the Minister of Public 'Works shall lay be-
fore the Chamber, an account of the works executed
in furtherance of the present Bill.
_ _

The President took-the sense of the Chamber as to
the day on which the discussion on the Bill should
take place, and, after several suggestions, Monday,
April 25, was fixed on.

SIR ROBERT PEEL'S EQUAL IN-
COME TAX.

Passing by, for the present, the incomes derived from
the public funds and other securities, and the salaries of
public officers, let us consider that from " trades and
professions." In 1814, the assessable amount of this was
37,058,9981., and now Sir R. Peel, taking care not to al-
lude to what it then was, estimates it at 56,000,0001.
If this be true, the mercantile and manufacturing capi-
tal of the country has, within eight-and twenty years,
increased by one-half, while the rent of land has
stood still, and the capital engaged in its cultiva-
tion declined by one-third of its whole amount. In
1814, the income derived from the rent of land ex-
ceeded that derived from " trades and professions," by
upwards of 20,000.0001.—n0w it falls short of it by
16,600,0001. So much for " protection !" Deducting
one-fourth from the income of "trades and professions,"
Sir Robert reckons that it will yield a revenue of
1,220,000 L, which is 20 per cent. beyond what he ex-
pects from the landlords and their tenants put together.
The inequality of any income tax is clear, from the
total impossibility of assessing it on any fair and just
principle ; but Sir R. Peel's is downright odious, from
the gross partiality it shows to some classes of property,
and its virtual proscription of others. It is needless to
add that the favoured class is the landed interest. On
Sir R. Peel's own showing, this and its share of the im-
post are as follows:
rent of Land.. £39,400,000
Rent of Mines, &e.... 1,500,000

Tithes ........ ...... 3,500,000
Profits of Tonants... 38,396,000