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Sign up freeThe New York Journal, And Weekly Register
New York, New York County, New York
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A correspondent discusses the complexities of fair taxation, praises a recent equitable tax bill rejected on the ninth instant that could raise 70-80,000 pounds, and proposes adding a clause for double taxes on absent proprietors' rentable property to increase state revenue and encourage their return.
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To do justice to some of the members of the hon. House of Assembly, continues our correspondent, the system for taxation lately gone through with by paragraph, but unhappily rejected in a body on the ninth instant, was calculated upon a scale of greater equality than any ever adopted in this state since the revolution. How much is it to be wished then, that this bill may still pass into a law of the state, which, by an impartial apportionment, would throw into the state treasury 70 or 80,000 pounds.
In running over the several taxable articles for my own gratification, there appeared to be a vacancy for an additional clause, which would not only redound to the interest of the state by augmenting its revenue, but be a forcible inducement for those persons who possess large real estates, and are absent, to return and spend their money among us: this additional, partial, clause should provide, that absent proprietors pay DOUBLE TAX on all their rentable property within the state. Such a clause is humbly submitted, by our correspondent, to the serious consideration of the hon. the Legislature.
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Letter to Editor Details
Author
A Correspondent
Main Argument
the recent tax bill, rejected on the ninth instant, promotes greater equality than any since the revolution and should pass to raise 70-80,000 pounds; additionally, impose double taxes on absent proprietors' rentable property to augment revenue and encourage their return.
Notable Details