The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1896-05-15

and one-third in Scotland and Ireland.
Under schedules A and B no deduc-
ton is made for repairs. The occupier
pays both taxes, but deducts the tax
under schedule A from the next pay
ment of rent. The landowner in his
turn deducts a proportion of the tax
from any annuities or other charges
there may be on the land, and the in
come is thus traced to its source and
the burden of tax equally distributed.
Schedule C deals with income derived
from funded property, whether home,
colonial or foreign. The tax is deducted
from the dividends and paid into the
Bank of England on account of revenue.
With regard to foreign investments, the
persons charged with the payment of
the dividends in England deliver ac-
counts to the special commissioners,
who make out the assessments.
Schedule E deals with official sal
aries or the salaries of those employed
by corporations. In the case of official
salaries the deduction is made from tae
pay in each department of government.
In the case of corporations the treas
urer makes the assessment.
Schedule d deals with incomes from
professions, trades and occupations, be-
sides any miscellaneous sources of in
come not included in the previous sched-
ules. Under this schedule are six cases,
as in Pitts Act of 1899, alluded to in
Thursdays article. Case l., profits FROM
trade, manufacture and commerce
Case H., professional incomes. Case I'LL,
profits of uncertain annual value. Cases
". and ", income from abroad, from
sources other than those mentioned in
Schedule c. Case VI, profits or gains
other than those classified
In cases 1. and II. the charge is made
on the average profit of the last three
years. And this is eminently just, as
the profits of merchants and the in
comes of professional men vary consid-
erably from year to year.
The exemptions are: l. Incomes I'M
der $3.50. II. Incomes of charities. III.
Hospitals, public schools and aims
houses. ". Friendly societies. V. In
duStriaI ond Dror;dont .oo;o+;o. VT
Buildings of literary and scientific So
cieties.
The attachments are: I. On incomes
under $4,000 a deduction of 5000 is al
lowed, not of the full amount of ex-
emption, it will be noted. II. Premiums
OF life insurance not exceeding one
sixth of the income.
Such in brief is the present income
tax law of Great Britain and Ireland.
Today Mr.. Winston's income tax
comes up for discussion. We
trust the discussion may be full and
Varied. The Advertiser has striven 40
ay the subject of income tax before
is readers in such a manner that. thew
nay fully appreciate the arguments
or and against the bill.
While fully supporting the theory of
axat1on on income, we are by no means
prepared to say that Mr.. Winston's bill
$ one which should pass. 1t is in the
light direction, but it will need amend
1ent and expansion, and considerable
would have to be made in
he present tax law before it could
ass safely without fear of afterward
eng thrown out by the Supreme Court
being unconstitutional from causinp
ouble taxation.
reviewing the whole subject, it would
ppear better that a commission no on
ointed to report to the next LegisIa-
Ire; that the income TAX measures of
'untries other than Great Britain and
Gland be carefully considered. More
yer, the census is soon to be taksn
40 by a judicious set of questions
UGH information could be obtained
lat would assist the Minister of Fin
ice in calculating what his estimated
ceipts under such an Act would be.
oweVer, we are quite prepared to ac-
pit an income tax now, and to improve
II two years hence if necessary. The
'estlon of the income tax is a live
sue today and will be live issue two
ars hence, just as the funding bill
II be.