The Pamphlet Collection of Sir Robert Stout: Volume 29
Proposed Reforms. — Taxes on Property and Income
Taxes on Property and Income.
There is a vast amount of income, received by comparatively a few private individuals, in consequence of their holding property or engaging in lucrative pursuits where good government affords excellent protection for the enjoyment of life, property, and income in peace and security, but from which income no tax is collected. The digger of gold pays an export tax on it. The grower of wool or wheat pays none on the export of his produce. But in both cases, it is the expenditure of the labourer that forms the chief source of public revenue.
If it be right that the cost of Government should be chiefly defrayed by taxes on income instead of taxes on expenditure, how is the income to be ascertained, assessed, and the tax on it collected?