Taxation of Income Impracticable<\/strong><\/p>\nThe difficulties in the way of assessing income are of two sorts: 1st, The difficulty of ascertaining the amount of the annual revenue of different individuals; and, 2nd, Supposing that amount to be known, the difficulty of laying an equal tax on income derived from different sources.<\/p>\n
It would be useless to dwell at any considerable length on the first of these heads. Incomes arising from the rent of land and houses, mortgages, funded property, and such like sources, may be learned with tolerable precision; but it neither has been, and, we are bold to say, never will be, possible to determine the incomes of farmers, manufacturers, dealers of all sorts, and professional men, with anything like even the rudest approximation to accuracy. It is in vain to attempt to overcome this insuperable difficulty by instituting an odious inquiry into the affairs of individuals. It is not, indeed, very likely that any people, not altogether enslaved, would tolerate, in ordinary circumstances, such inquisitorial proceedings; but whether they did or did not, the result would be the same. The investigations would be worthless; and the commissioners of an income-tax would in the end have nothing to trust to but the declarations of the parties. Hence it is that the tax would fall with its full weight upon men of integrity, while the millionaire<\/em> of \u201ceasy virtue\u201d would well nigh escape it altogether. It would, in fact, be a tax on honesty, and a bounty on perjury and fraud; and, if carried to any considerable height \u2013 to such a height as to render it a prominent source of income \u2013 it would undoubtedly generate the most barefaced prostitution of principle, and would do much to obliterate that nice sense of honor which is the only sure foundation of national probity and virtue.<\/p><\/blockquote>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"Indeed it is. The State doesn’t need the money it extorts from the people whose labor has earned it, and by disbarring and sending to prison a 69-year-old criminal defense lawyer (and forcing him on pain of harsher punishment to admit that he was “wrong”) and thereby terrorizing other producers tempted to follow his example, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1792","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.peoplevstate.com\/index.php?rest_route=\/wp\/v2\/posts\/1792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.peoplevstate.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.peoplevstate.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.peoplevstate.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.peoplevstate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1792"}],"version-history":[{"count":2,"href":"https:\/\/www.peoplevstate.com\/index.php?rest_route=\/wp\/v2\/posts\/1792\/revisions"}],"predecessor-version":[{"id":1795,"href":"https:\/\/www.peoplevstate.com\/index.php?rest_route=\/wp\/v2\/posts\/1792\/revisions\/1795"}],"wp:attachment":[{"href":"https:\/\/www.peoplevstate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.peoplevstate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.peoplevstate.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}