Selected Readings in Public Finance

Paperback | February 2, 2012

byCharles Jesse Bullock

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1906. Excerpt: ... CHAPTER XI THE GENERAL PROPERTY TAX 39. The Conclusions of the New York Tax Commission of 1871 and 1872.--The chief financial resource of American states has for a long time been a general tax upon all property1 within the reach of the taxing power. This general property tax, as it is called, has never worked satisfactorily, and its shortcomings have led to the appointment of numerous tax commissions2 to investigate the problem of state and local taxation. The reports of some of the more important of these commissions are valuable sources of information concerning the workings of the general property tax. Our first selection is from the Second Report of the Commissioners appointed to revise the Laws for the Assessment and Collection of Taxes in New York3 (1871 and 1872): The property of New York, made subject to taxation, divides itself into two classes, real and personal. Real Property, embracing, according to the usual acceptance of the term, lands and buildings, being visible and tangible, presents no inherent difficulty in the way of ascertainment, valuation, and assessment. The New York system of taxation in respect to these objects might, therefore, be reasonably supposed to work with some degree of uniformity and equality; but so far from this being the case, it would be difficult, nay, probably impossible, to find any two contiguous towns,-cities, 1 Certain exemptions are granted, however, to property used for religious, benevolent, or charitable purposes. 2 The work of such commissions is described by J. W. Chapman, State Tax Commissions (Baltimore, 1897). The Commissioners were David A. Wells, Edwin Dodge, and George W. Cuyler. or counties in the state, in which the valuation of such property approximates in any degree to ufuiocmity. So far as ...

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1906. Excerpt: ... CHAPTER XI THE GENERAL PROPERTY TAX 39. The Conclusions of the New York Tax Commission of 1871 and 1872.--The chief financial ...

Format:PaperbackDimensions:236 pages, 9.69 × 7.44 × 0.5 inPublished:February 2, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217868851

ISBN - 13:9780217868853

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