, 1866-05-25

TLc House on Wednesday voted down, by
snail majority, the cause in the tax hill
rrdu.in@ the incntne tax tn five Prr cent, and
subsequently, added clause prohibiting the
publication Of the lists. II Is safe tn say that
To two amendments could have been devised
So we'll calculated tn diminish the revenue
derived from the ipcunc tax to minimum
gnanlity rs these. Tbc official returns of the
income tax receipts in England show that =
Email lax, within certain limits, yields more
revenue than large one, foi the Obvious 7ca-
1o,, that people will make their returns With
more uniform correctness md honesty Under
low rate tuan under 1 high
ore. More revenue is Eatned from
ten men making truc returns, than from one
man making true return and nine men
ewin ding the Government because they con-
sides that the Government Is culea7o:inS to
EwindIc .ilcn. II the income tax remains at
tie clorli;ant and savage rates which existed
during the war. and which we're submitted 10
because VIC were engaged in 4 war, 1t is safe
10 c>,imatc that seventy five ont Of every oat
hundred persons liable to the ten per cent
tax vii make such returns ~ will practically
reduce it 10 what il ought, in lhciF own .opin-
Ion, 10 be And especially Will they do so
if The lists are not TO be published. Almost
every one cln arrange his business during the
yras so that he can deay the assessor
IL frd aut how murl, he has made.
Onr own business, {that OF publishing
daily newrI,apcs>. Is perhaps as convenient
ly cx,s.s-d IN thu Investigations Of tue revenue
officers ~ any other, yet we cass coEdu.t II
in sgcii 4 manner that no ASSESSOR III tic
United Si..cs could conc within G'tY
th,a>.rt, dollars Of our aesnal profits, il wc
Should tx base eunngh t. ssakc false returns
.u.. Lack l:4csn up with false swearing. Every
a-,t=.tr knows ttat the iucn:tc tax is the
YAK Join: III our internal revenue system,
md that III other imp"st dtpends ST MUCH
ul.tu Tie Acncs;y Of tue individual. L.. The
community generally .cs as1nucii in the habit
II inatih., lalec return~ as travellers arc in
the !.a,;i Of Smuggling wearing apparel FROM
c..;::..:a ard Europe. and there will BE- . per.
f,tt c!.a.5 in thai pur1iun ii the ycvcn,,c
s.strn-
1Ee idea that taxes should he equal, hes a:
.!r .r,tt.rs: Of our Institutions, and Is write.
in H.. FEDERAL Constitution. When taxes ART
et!tsl ll... taxpayers, or the large majority O
,ic1I VII! make no effort 10 avoid paying
tA,is .t;u:i proportion. Wien they a.t
.:ari,c,y unequal there is an ever psescut
i,iapiaiinn 10 c>ra1,: Tie Inequality. 1t is .
tc";rsa;snu 10 t!aud and perjury. Ajax Of icr
I,.r c::t 1:pon one class, ard only ave re,
vc,l c.. as.utler, is an s,ncqaai Tax. and III ths
rrer .ai c5nli;ion Of The rcas:.ry sn unlcccs
sary a:.,s ..:j..: i'h;e tax and it may bt
sally a.i-1irt! that no mac,,ir.c-S r- t1,e col
lection ol t:Ic extra ten per cen. will ever re-
ea,i..l ,uency out oi ii to compensate fo
tl4t ,,r.r.:l !.avoc created '.S it,
y very god de1naeoAue argument can ~
l...- ;,., r'tsinin- tho ten PR cent tax
Gh,r.c u .1o larc incomes .,vcr five 1housans
Gs,ltars SIC :,:w in uu,nhe. relatively to til
whole b,,ay Of thu }H'npic. aud they ca
'-:tiG.d to pay it, By the same arcumen
they cnn afford 10 pay to the Government nj
il!cv make over five .i::,usa;,l ,lollars. Ill
that i, no reason why they should .c CON
p:l"d ~. 1t i true the. they are tca; I
number, but they have as Keen sense OF i,
Justice as others, and they nsa:'ty have tho,
Than The average amount Of Influence in eie
ti,ts aud nominating conventions. Il is rel
likely t!.as they vii! lu1h upon those mcu
tcrs of tu.yrtss who have yutrd down Il
lust and equitable recommendation Of Il
COMMITTEE Of Ways nnd Means as their pc
sonsl cn.i-.ies. while the rest nf the com,n
nity vii! Es,t esteem Themselves particular
lcvc:i.vs' ;x provision Of law which has
tn...sI or ,:c,sen1 foundation.