| Show INCOME TAX OF EUROPE THE question of taxation is more or less lees a burning one in every country in the united states several schools of reformers in this line are coming into prominence ence we have the advocates of the single tax ad aa interpreted and expounded by henry george we have advocate of direct taxation and of graduated income taxes the disciples of i ibe be latter school will find some comfort in the fact that portugal a u suntry antry on the verge of bankruptcy has introduced a asive system of taxes running from five to twenty per cent on I 1 incomes those who receive to a year must pay five per cent into the royal treasury incomes of 1660 a year and over must pay twenty per cent the income tax is not a new development in europe in england though at first introduced as a temporary P measure it is now one of the modi firmly established institutions in the british system of revenues germany has had for a long time a gra i fuated system of income tax lax extending in some pome cases to persons whose in incomes comes are not really adequate for family support so it to is with most if not all the european nations some form of this kind of tax prevails the system was never popular in the united L stites states even in war times when it existed however there are many wise economic writers today who believe that an income tax applied to the possessors of large fortunes would not be at all out of place |
