The Columbus journal. (Columbus, Neb.) 1874-1911, 1909-08-04

IF you are . relter and pay. say $500
. year rent, you would Be obliged to
pay not less than $50 additional,
which would cover the lighting, paw.
ing and police protection. But richer
people are caught in oil sorts Of ways.
For instance, in England I would pay
IS year for the privilege of wearing
this ring. 1t carries crest and if I
had q carriage with armerial bearings
upon it would be obliged to pay $40
. year for that privilege. When .
man dies his estate must pay tax Of
l per cent on everything. if his estate
is below $500 in value; 2 per cent on
5000, 3 per cent on $4,000, 4 per
cent on $l25, OOe. AZ per cent on $780,
600, 5 per cent on 1925. 900, 81 per
cent on 100000. 6 per cent ON $780,
600, Z per cent ON 1880, 900, 8 per
cent on $2.5OO.O00, 8 per cent on
So, 10000, and 10 per cent on
S. 100000.
perhaps the greatest burdens which
the land owner is subject to are on
account of the poorhouses, which are
maintained at great expense, and on
account of the new policy of old age
pensions; that is. pensioning any one
over . certain age who hasn't an in.
come of $3.50 . week. The great
question that Is being considered in
England apparently is not what to do
with the unemployed, but with the
unemployable. The people who have
saved money and have made the most
of their opportunities apparently will
be obliged to take care of those who
have not taken care of themselves and
who never could take care of them
selves"
The amount of the graduated death
duties, or inheritance taxes, collected
in the United Kingdom, which has q
population of $4,000, 900 and upward,
ranges from $9O,OOO,OOO to $50, OOO,.
600 annually out Of total internal
revenue of s47O,OOO,OOO to $4SO,O
600. 1t is drawn from more than
81 900 estates. The revenue from the
death dues is little more than half
that from excise imposts. and consid.
erably more than half the amount
realized from the income tax.
The nature Of the realty which con.
tributes to the duties is varied, but
agricultural land furnishes less of the
total than household property and
business premises. For 1908 the net
value Of household property and bust.
ness premises was $40. 1877 900, while
in agricultural land it was a trifie
under sS5,OOO,OOO. Leaseholds were
valued at $45,lOO.OOO and ground
rents at $l5,S45.OOO. Other items
exceeding s5,OOO,OOO were building
lands; minerals and qusrries; cessers
Of annuities, aud sporting rights. Real
estate not classified was a fraction
under SlO,OOO,OOO.
Owners of big properties alone will |
not suffer. The great landlords, it is
predicted, will promptly advance rents |
and stop all improvements and con-
'truction. Financial opinion is unan.
mtus that enormous sums will be
iriven out Of the country. The bank.
RS and big houses which float govern
nent and other foreign loans say that
he new tex ON such transactions
'overs the entire margin between
profit and loss and that such deals
hereafter will 60 to Paris, New York
md Amsterdam. The New York
took exchange, it is said, will profit
There has been large
peculation in American securities in
england, but the bulk IF that business
lereafter will be transacted in New
FORK to escape the English stamp tax.
The effect of some of the other new