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Show IMOMi: IA.V l LI! ltd IT. TilK question nf taxation Is moruor lissabumln onu li every oiuntry. I II the United rltates toeral schuols of reformeri lu thlt llnu are coming Into promlnome. Wu htve thenjvocalit of tho tingle tax ns Interpreted mil eXiounled by Henry (tiorge. We haendvoiatesof direct taxatlou and of graJii'itvd Incomu taxes. The dlnlplea of the litter libool will II u J tome comfort In the fact thit IVrtugul, auountry on the vcre of bankruptcy, hu Intro luced n proret.Ive system nt taxes, runulug from live to twenty (er cent, on lui-inies. Thoe who rtcilvi ft0tu?7o')a )ear must piy five rer cent. Into the roaltrristiry. Im line I of fl,(!Uiln)ear, mil o cr, muit pi) I tnentycrient. The tticouietax ft uol a utw dtcl I opment In Luropr. In Cnglind, though at first Introduced as a temporary tem-porary measure, It la now one of the most flriuly eiUbtishod Institutions In tho Itrltisli system of revenues. Uermany has Lai for a long time e graduated ayslem of Income lax, extending ex-tending In some cases to rrons Whose Incomes are not really adequate for family tupport. Ho It la with most If not nil the r.urorean nation some form of thla kind of lax prevails. The system was never pot ular lu the United Ht.i'.i-s, even In war tlmit,wheu It (listed. However, therearetnauy wise economic wrltera today who believe be-lieve that an Income tax up lied In the lutseuora of large fortuuea would not be at nil cut of lace. |
