Eureka Reporter | 1918-03-29 | Page 2 | Comparison of American and English Income Taxes

comparison of american and english income taxes in comparison with the tax levied in england on incomes our own in come taxes are moderate indeed in england the tax on incomes of 1 is 4 per cent in america nothing in england the tax on incomes ot of 1600 10 is I 6 iya per cent in america nothing tor for married men or heads of 0 families and 2 per cent on tor for an unmarried man in england the tax on an income of 2 Is 7 77 per cent in ameri ca 1 a nothing for a married man or head of a family and 2 per ce cent nt on 1000 1 for unmarried men the english income tax rate also increases more rapidly with the growth of the income than ours a 3 income In coille being taxed 14 per cent 5 16 per cent 10 20 per cent and 15 25 per cent while our corresponding taxes tor for married men are respectively two thirds of 1 per cent 1 per cent I 3 per cent and 5 per cent and only slightly more tor for the unmarried due to the smaller amount exempted the rate being the same