The Sun.
London, England, 1842-03-23 00:00:00

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THE PROPOSED INCOME TAX.
• TO THE EDITOR OF THE SUN.
f
SlR,—Permit a reader of your columns to inform you what
the feelings of the people in this part are respecting the in•
come tax. They are decidedly opposed to it, and their objec-
t lions may be classed as fillows :—First, to the principle ;
4 secondly, to the details; and thirdly, as regards the interests
favoured thereby.
Ist. Income is not a fair representation of property, arid
therefore a tax upon income is not a property tax.
r. 2nd. The same per tentage applying to all descriptions of
income is most unjust. The money invested in railways is
calculated to yield 6 per cent., because they are liable to vicie-
situde, and Parliament allows of competing lines. One thou-
, sand pounds in tle Grand Junction Railway, which will soon
have the Manchester and Birmingham to compete with it, and
divide its profits, yields 601. or 701. per annum, the shareholder
having teen for some time out of his money. The sum of two
' thousand pounds invested in land will only yield 601. or 70/. per
annum, so that the proprietor of railway stock will pay double
the amount of tax on his property that the landed proprietor
does on his. So also with all incomes which are worth fewer
years purchase than land, whether they be foreign funds, canals,
or mines, &c. The extreme point, however is terminable annu •
sties, whether Government, or life assurances in other public
offices. No in, dificatlon of the plan has been as yet proposed for
such incomes, and, nevertheless, to take a per tentage off them
is, in fact, mulcting a part of the capital.
Trade also is a wide subject, as it is affected by the income
tax. Property has always its representative—labour can have
none till it is produced. Why, therefore, ought a person who
only commenced business last year tobe called upon to liquidate
out of his gains debts incurred three or four years since. Nay,
indeed, why ought trade to pay at all? Let mills, warehouses,
and personality pay by all mean. But when a person in the
pursuit of commerce and manufactures is causing, through
the circulation of his capital in wages, or in the im-
portation of foreign production, a large increase to
the revenue, it is hard that he should be taxed in
proportion as his exertions and his industry are increased. He
ris4s much, and deserves a larger prorortion of profit. Com-
pare him with the landowner, who with a fixed income of five
hundred per annum, yields .no more to the revenue than ac-
crues from his own domestic expenditure, runs no tisk, and is
protected on the right hand and on the left hand by Parliamen-
tary interference, and whose income this year is not likely to
be reduced by the losses of the next. Surely the cases•
are
dissizilar, and ought to be dealt with in equitable proportions.
Wherefore, indeed, ought trade to be taxed? Remember that
if you give the merchant's income but one year's grace, Ids
surplus amount becomes capital the year after, and as such is
justly liable to be taxed.
Again, what a large number of ministers and clergymen
will just be caught in the meshes of Sir Robert Peel's net.
Men just able to support their families, now having 1501. to
2tilit. a year, with eve, six, or eight children, are to be taxed ;
while a man and his wife, and nofantily, having 149/., goes free.
The clergyman who has economised to bring up a family,
having nothing but his 180/. a year, is to be taxed, while the
landowner, whose income is the same, and which represents a
property of 6,000/., will pay no more. Such unfairness needs
no comment.
The third ground of objection is the class legislation exhi-
bited in the scheme. It is believed that forty farmers cannot
be found in Westmorland who pay 30:q. per annum for rent !
Will the land here then pay its proportion of the taxes?
Besides, the scheme is a direct bonus to farmers to divide their
leases amongst their sons. Already has this been ex!ensively
done to create votes. Now look at Peel's plan. Suppose a
farmer's rent is 84t01. per annum; he has two sons, whom he
at nue puts into his lease. Each rents, then, but 266/. per
annum, which being under 3001., the large establishment will
go scot free.
The farmers have raised Peel to power. He has become
their puppet, end the modification cif the Corn-laws, the repeal
of the prohibition on meat, &c., hare been bargained for by an
income tax, under which the land will pay but a small propor-
tion of the amount. The amount, nevertheless, from all
sources will be greater than Sir Hubert professes to expect,
and will give him ample funds with, which to do as he likes.
I am your obedient servant,
Westmoreland, March 18, 1842. J. G. FLEIGSON.

(FROlf A CORRESFONDENT.
The Premier having decided on recommending to Parlia-
ment the adoption of an income tax for the purpose of meeting
the deficiency in the revenue, and the acknowleged inequality
of such a tax being almost universal, while its inquisitorial ope-
rafon renders it odious to a large portion of the public—the
commercial and trading classes especially, it can scarcely be
necessary to offer an apology for suggesting measures which, if
ableobjection-
In an tment.
the year 1798 Mr. Pitt brought into Parliament two Bills,
probate and legacy I May on personal
passed into a law, and fo.- 44 years large
;futrheimopthoesirnfgoralevyi.ng similar duties on real property.
siltuhrhioelsepseoililtracilt-enblemenedraßisdeld by its operation ; but the second Bill
was abandoned; and for that long period have the owners of