Skip to main content
Hide Articles List

24 articles on this Page

==--MISCELLANEOrs.

-'-----.->---F\TIIER HYACINTHE.…

THE CONQUEST OF MEXICO.

THE REV. DR. PARKER ON AMERICA.

THE BISHOP OF MANCHESTER AND…

CANON BARRY ON CHURCH UNITY.

[No title]

SIP. GEORGE GREY.

THE TRAGEDY IN WALWORTH.

EXTRAORDINARY CHARGE AGAINST…

[No title]

THE INCOME TAX.

News
Cite
Share

THE INCOME TAX. The Tall Jlalt. Gazette, in giving clue weight to Mr. Fawcett's remarks as to the abolition of Schedule D, observes :—It is evident that Air. Gladstone will be unable to spare the tax altogether next year but the income of the country is increasing so rapidly, and the unpopularity of the impost is so great, that, possibly, it may be completely dis- pensed with before many years are over. If we are not unduly precipitate in obtain- ing this solution of the difficulty, we need not feel much dissatisfaction at the probability of this result. But it would, on the other hand, be a serious mis- fortune if the unpopularity of the income tax were to induce Parliament to attach undue import- ance to its repeal, and postpone, in con- sequence, the accomplishment of other fiscal reforms, which all calm observers would probably admit to be of at least equal urgency. In the meanwhile, it may not be superfluous to point out that the unpopularity of the tax may be materially lessened by two slight modifications. In the first place, the persons on whom the income tax presses most heavily are the holders of small incomes, 1 heyinmany cases are in receipt of less money than ordinary working men. But, from the accident that they are engaged at annual in lieu of weekly rates of pay, they are compelled to contribute to the },%x fr°m which the manual labour class is exempt. I here would be no grent difficulty in exempting at once all incomes of less than £ 200 or even £ 300 a year from the tax and in making proportionate deductions from the amount due from persons in enjoy- ment of say less than £ 500 a year. The unpopu- larity of the tax would probably be still more percep- tibly decreased if Air. Lowe's indefensible system of collecting the whole amount at one time were aban- doned. No advantage results from the practice on the contrary, it has made our balance at one period of the year inconveniently large, at another danger- ously small. No income would be lost from its abandonment, and hundreds of persons would re- gard the tax with more equanimity if they were allowed to distribute their payment over four different periods.

MR. BRIGHT AND THE MEMBERS…

[No title]

-j iai4 5d li-i.;. j ii .Cii.…

LOCAL RAILWAY TIME TABLES.

BRECON AND MERTHYR RAILWAY.

GREAT WESTERN RAILWAY.—MILFORB…

j VALE OF NEATil RAILWAY.

I TAFF VALE RAILWAY.

GREAT WESTERN RAILWAY.

LONDON AND NORTH WESTERN RAILWAY

IIHYMNEY RAILWAY.

I WNEESWTPEORRTN , MVBW ALVLALENY,