Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1899-09-07
PAY TAXES IN ENGLANp,
MILLIoNAIREs CANNOT ESCAPE
AS THEY DO HERE.

How tho TEcomo Tax Catches the Pos
eesaora Of Lordly IhoOnies-Tho Meth
DDS OF Levylng aud collection What
Some Americans Would Have to Fay
there
OF late snobbish press has grown
hysterlcal concerning certain OF our
rich folk, who, severlng their cords OF
citizenship with America, ore joining
England. It's matter OF small pub
lie moment This is great nation,
and the biggest man is but u wee bird
There should come no popular upronr
over any new Englishmcn, What would
one say II some mighty st, Bernard
were TO give way 10 howls because
some flea, aforetimc local to himself,
preferred some other dog? It's OF in'
terest perhaps TO note the taX'trap
these ex.AmerIcans walk into on tho
''other side" 1t might, also, DO OF
wisdom were this country to take some
leaf from the British tax system and
work by II. Listen, Take the English
income tax; Some nation OF what the
tax means TO British millionaire can
be gathered from the tax'luck OF some
OF the milllonaires OF that country
Lord Rothschld, who Is said TO have
\ an income OF s3,OOO,OOO year, pays
\ 800, 600 for taxes Lord Iycagh, who
has an income approximate income OF
5000, 900, pays $780, 900, and the Baro'
ness Burdett-Contts, whose income Is
rated 81, 200, 900, pays $4,000 a year
This taking toll Of the rich Is busi-
nesshlse proceeding in England It's
efficiency Is demonstrated by the fact
that the United Kingdom has no less
than 500, 000,Oo0 year from 1t, which
is one-flfth OF the tax revenue OF the
country. In addition to the income
tax, there are heavy taxes on property
passing by death. The chief one is the
estate duty, which was established In
1904. This estate duty is q carefully
graduated tax levied upon the whole
body of the estate. Estate OF less than
$500 are tax free Estates OF more
than $500 are taxed by rate which
rises from one per cent on an estate OF
$4,000 up to eight per cent on an estate
of 50, 900, 900 Suppose for example, II
was the fortune Of Lord Rothschild'
lRothschild's estate cannot be estimat
ed at less than S75,0OO,O0o Upon hi
death his executors must pay over tt
the chancellor OF the exchequer 10, 900,
900 for estate duty, and until CHECK
for that account has been given, not
penny of the property can be touched
.-lby the heirs. Nor is this all There
As payable by each person who inherit
any portion, the widow alone except
ed, n certain rate, depending upon thu
nearness OF kim A child pays one pc
cent; n brother or nephew, three pc
cent? an uncle or cousin, five pc
cent. second cousins, six per cent AM
strangers in blood, ten per cent II
man with S75,O00,0t0 should die ant
leave his money as follows Five mill
ion dollars to strangers; ten millio'
dollars to second cousids; ten million
dollars to uncl.s and cousins; fifteeI
million dollars to brothers and neph
ews, and the remainder to his children
the government would take from tn
estate the following;
Estate duty. ..........,,.,,,SB,O OO,CO
Legacy duty from strangers, 10000
Legacy duty from second
cousins, observation-disclosures 0OO, w
Legacy duty from uncles.,, 500, 90
Legacy duty from brothers, $4,000
Legacy duty from children, 5000
IOthl '''''''''''' 900 'Vo,ofo,Vo
These taxes are popularity referred T.
as the death duties Here's what, n
Income tax, certain American million
aires would have to pay were the.
British subjects;
w Tax unde
Estimated Englisl
Names wealth. systems