CHAPTER XXI

THE MAIN INSTRUMENT OF TAXATION

Through an Income Tax taxation can be applied according to "ability" 291 The British Income Tax an ancient impost 291 The so-called "Land" Tax of 1692 was an income tax 292 The "Land" Tax of 1692 and the present Income Tax compared 295 A graduated Income Tax taxes unearned increment 296 The Income Tax in 1905 described 297 The "Abatements" 297 Schedule A described 298 Schedule B " 299 Schedule C " 300 Schedule D " 300 Schedule E " 302 The Inhabited House Duty a second Income Tax 302 The Finance Act of 1907 introduced differentiation between earned and unearned income 303 The Finance Act of 1909. Mr Lloyd George's reform of the Income Tax 303 Mr Asquith's differentiation illustrated 304 The Super-Tax 305 The Super-Tax as it really is 305 The Income Tax summarized 306 The Income Tax in effect 307 The Inhabited House Duty should be abolished 308 Simplification needed 308 Without a Census of Income the Income Tax cannot be properly enforced 310 Masters compelled to reveal employees' incomes 311 Taxation at the source might remain 312 The family man's allowance 314 Is an annual Budget debate necessary? 315 Mill and Bentham on Ethics of Taxation 317 A Plain Bill for the citizens' subscription to the National Club 318