Chapter XXI: The Main Instrument of Taxation

Through an Income Tax taxation can be applied according to "ability" 291 The British Income Tax an ancient impost 291 The so-called "Land" Tax of 1692 was an income tax 292 The "Land" Tax of 1692 and the present Income Tax compared 295 A graduated Income Tax taxes unearned increment 296 The Income Tax in 1905 described 297 The "Abatements" 297 Schedule A described 298 Schedule B " 299 Schedule C " 300 Schedule D " 300 Schedule E " 302 The Inhabited House Duty a second Income Tax 302 The Finance Act of 1907 introduced differentiation between earned and unearned income 303 The Finance Act of 1909. Mr Lloyd George's reform of the Income Tax 303 Mr Asquith's differentiation illustrated 304 The Super-Tax 305 The Super-Tax as it really is 305 The Income Tax summarized 306 The Income Tax in effect 307 The Inhabited House Duty should be abolished 308 Simplification needed 308 Without a Census of Income the Income Tax cannot be properly enforced 310 Masters compelled to reveal employees' incomes 311 Taxation at the source might remain 312 The family man's allowance 314 Is an annual Budget debate necessary? 315 Mill and Bentham on Ethics of Taxation 317 A Plain Bill for the citizens' subscription to the National Club 318

CHAPTER XXII THE DEATH DUTIES

The Death Duty Reforms of 1907-9 320 My suggestions of 1905 now law 321 The plain justice of the Lloyd George Scale 322 The alleged burden of the Death Duties 323 Do our Death Duties waste the national capital? 323 Gifts _inter vivos_ 324 President Taft on the dangers of wealth monopoly 324

CHAPTER XXIII OF REVENUE WITHOUT TAXATION

A source of revenue not necessarily a source of taxation 326 A State without revenue 327 Socialism and revenue and taxation 327 The German Governments rich are Governments 328 Half the revenue of Prussia is derived from Socialism 328 Yield of Prussian State Railways 329