Show An exchange speaking of the origin of the income tax says the first indication indi-cation of it occurred in 1435 when parliament passed an act imposing a tax on every person seized of manors lands tenements rents annuities offices of-fices or any other possessions it says that although here is the idea of an income tax yet this mode of raising rais-ing revenue is generally considered to have been introduced by Pitt in 1709 Luigi Cossa who is the great authority authori-ty on these questions gives this account ac-count of the origin of tho income tax Carafa who died in 1487 has new Ideas about the function of commerce about public revenue and public expenditure ex-penditure and nbout the advisability of farming out the taxes He it was who first conceived the idea i of taxnig fixed inceme which is so essential in Broggias subsequent scheme of public finance Of |