The Property Tax.
A contemporary states that the revenue from the Property Tax this year will be £245,996—a magnificent sum, truly! just about one-seventh of what is collected through the Customs. The advocates of the Property Tax are never tired of pointing out how wide spread is its influence. They say What do you want with a Land Tax, when, under the Property Tax, not only is the land taxed, but all wealth of every description ?" and the result is £246,000. Seeing that a one per cent tax on land alone, which no bona tide occupier would feel, would alone give a revenue of between two and three million pounds, it does seem very wonderful that only a paltry quarter of a million can be raised from a tax upon the whole wealth of the community.—Watchman.
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Bibliographic details
Wairarapa Standard, Volume XIX, Issue 1794, 12 February 1886, Page 2
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136The Property Tax. Wairarapa Standard, Volume XIX, Issue 1794, 12 February 1886, Page 2
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