...and in the manner mon convenient to the contributor. And every tax fhould be fo contrived as to take and keep out of the pockets of the people as little as poifible above what is brought into the public treafury. All private revenue arifing from rent, profit,...

...of L.7,312 of net revenue. Most certainly no tax ever accorded less with the sound maxim of taking out of the pockets of the people as little as possible over and above what comes into the public treasury. The influence of the duties in adding to the price of all the principal...

...pleases, it must be his own fault if he ever suffers any considerable inconveniency from such taxes. 4. Every tax ought to be so contrived, as both to take out and to keep out of the pockets of the people as little as possible, over and above what it brings into...

...lessens the demand. It may therefore be said of the Property-tax with peculiar emphasis, that it is " so contrived, as both to take out and keep out of the "Dockets of the people as lit.tle as possible over and above what it brings into the Public Treasury...

...thereof, the argument for direct taxation is equally conclusive. It is an admitted axiom in finance that " every tax ought to be so contrived as both to take...as little as possible over and above what it brings to the public treasury*." This is not the case with indirect taxation. Take, for instance, the article...

...convenient for the contributor to pay it. 4. " Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as little as...it brings into the public treasury of the State." An equal land-tax, imposed indiscriminately and without any regard to the distinction of its quality,...

...time, or in the manner in which it is most likely to be convenient for the contributor to pay it. 4. " Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as little as possible, over and above what it brings into...

...case, without correcting it in all cases? ' Every tax ought, ' says Dr Smith, ' to be so contrived, as to ' take out, and keep out, of the pockets of the...possible over and above what it brings into the public trea239 ' sury of the state. ' But the duty in question is in direct opposition to this maxim. It injures...

...time, or in the manner in which it is most likely to be convenient for the contributor to pay it. 4. Every tax ought to be so contrived, as both to take...as possible, over and above what it brings into the treasuiy of the state. Mr. M'Culloch said, every system of taxation is good or bad, in proportion as...

...system efficient at the expence of intolerable vexation. "4. Every tax ought to be so contrived, as to take out and keep out of the pockets of the people,...and above what it brings into the public treasury. A tax may take out and keep out of the pockets of the people a great deal more than it brings into...