The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-09-03


The preamble 81 The bill of the French Minister
at Finance, for an income tax of one per cent, has
Just been published. We give, as follows, the
Our 6rt duty vas to atteutvely examine from what
part OF the taxable property Of the country the least
,n,rcus sacrifices could be d, handed We hal 60 take
into account In this examination at the time thu
general laws which the basis the tax and
the circumstances attendant on its application. The
following IL the result a. examin alton The iasJt
f0rcir hlrtacy itacms It's most extreme lmits and
recent facts attest that the slightest increase would
oasion great injury to the tax payers The tariff Of
TIE reRsfratirn dues has rrachsd tho highest pon
ctmpsthl. with equity Ia matters Of succession dona
Ill and transfer Of property IL could net be
without IN ury to interests the respect Of which is cs-
s,ntis to the prosperity Of all and II In Of ito
lsitr. Advantageous reforms in that tax may b. su
thoIiV,d VIC shall present bills to you on the subject
The indirect taxes, considerably reduced ~ r a.
regards their principal proceeds, cannot afford any
corsidersble ougmentatiops. Their favorable side IT,
ilst ih'y are paid In Email sum- which paid with
out berg felt by the payers but they have the ncou
yerieIce Of not being productive, inasnuch they
increase them, without rendering them onerous
III. masses ON whom they fail The customs might
secure more ample resources TO the Treasury but TO
model these tariff In order tn render them pro-
duotive h. work az all times difficult aud witch
would nov meet with serious obstacles. than AZ
ANY othr per led. cli-a which IL not vet at an end
has di.tuted tho progress Of our manufacturers IN,
tor,sts. IL tt ners and tho would certain iy
lie vi chosen 20 interfere with 10 ut present There
then ~ main the incom.e and personal capital A bill
destntd TO affect the submitted last year the
celebrations 81 the Constituent Assembly. Tt was
u
ard received numerous notifications. This bill. rs
amended by the committee proposed tax on income
Of hiec pes cent cSenpting small incomes aud capital
enrioytd Ia agricultural works. We % opinion
that there would he li'tlc prudence utility in al
herring to tho syst m which dictated that bill The
tax en- fettpess sftt,e's unless II made exces-
site, would net produce much and. nevertheless
70 is rrte beyond which the condition q the
tag IsyCfs would be thrown into Great rorturba-
ton Any witch would fl ON IN, Mind of property
Witch hitherto hiss been exempt nom H. changes to the
g,r'Tsl detIiment the relations already established be-
"a nj II
thtraht only 20 touch Thugs, and TO repair al omis-
'on of the laws but ty such persons rudey
aIdCrclnsvely attacked whose fortunes either wholly
~ In Part ~eis compe.ed Of property on which fresh
changes were demanded With the portion Of the i'm
ccre ttscn from ID would dsappea the part Of the
capital which produced 10 and hence would artse
want % Gistributivc justice which would end In corn
mcttns In political economy and real suneri,es The
tex On movcsble capital would not moreover fully
alse the expectations Of those Who think that ID
would reach prorrictors. Movable capital with the
exception Of tuob az ia invested in State securtics OF
poyCd On their own account by the rosscssora IL
IN great composed &C Icons In the hands n
thote who make them available. A law Of q certain
,ntet-bst of oh.r and DER snd-rcguates the condi-
tons on which they obtain them; the interest In
creascs when there are demand tina, offered.
sndit Isl the end those Who In want of
- To- say who are embarrassed or thoss engaged In in
dustiisl undertaking. ultimately psy tho tax
hvi,d On movable capital such are the principal
combinations which have led us TO extend 70 an in
comes without distinction of origin nature tar
which The present state Of cur 6nances renders indie
pnsble 10 is not moreover, . nov attempt; other
tar on inctmc, admitted In England and in Ger
any, as vel ~ in several states of NsEth Anne
rice largely contributed % tho public expense
We rropoee 10 FIX the rate II tho tax 81
,nc per cent. From fuch cf the ter. rayers as
lave uy lay the amount q three days labor, the
duty will produce IN proportion 10 the income which
thee individuals really enjoy and tho produce TO
the state will he very moderate II Is net very probable
that well founded complaints arise. Moderation IL
In matters Of tsSstion and the possibility Of
hrg up the Void In the receipts by dems ndlng little
from each but from all, save only those whose ind-
gtnce prevents their assisting the wants 81 the state
has neipy contributed to determine to propose 20
you TO ssbcticn tar % which the collection presents
less thar that Of any other newly estsb
li.hcd tau. Nbstvil be the amount obtained by the
treasury We estimate N for 1850 at only co 10000
Asurtdly the eross income u France, that revenue
Which In ts successive snd general division resolves H.
ftf into 6c6nitive snd net incomes for each cireu
smounis 10 much moe than sis piliards calculations
not 81 all chmerca authorize In fixing nc much
mere comfortable sum. But the question IL nov Of
TAX not yet tried In France Of tar which. in the
cen m.pe.ment, will find some obstacles in its execu.
ton ard from the psJ ment Of which parties may
tbttavor 90 release Themselves by fraudulent deccp-
tions but Of which u I'm portsnt that the collection
should be readily nsde II has therefore sppes,cd 20
a. t'shnhe 70 hs The estimate Of The r-nrerds below
slS. . ~ probably atis.ttd