 | Henry Fawcett - Economics - 1874 - 652 pages
...higher price for the commodity. The last rule of taxation propounded by Adam Smith affirms, that ' every tax ought to be so contrived, as both to take...out, and to keep out of the pockets of the people, ;is little as possible over and above what it brings into the public treasury of the state.' It has... | |
 | Albert Sidney Bolles - Economics - 1874 - 224 pages
...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 keep out of the pockets of the people as little as possible over and above what it brings into the... | |
 | United States. Congress. House. Committee on Ways and Means - Government publications - 1980 - 800 pages
...Chicago, 1976, pp. 351-2, where Smith states: "Every tax ought to be so contrived as both to take ouc and to keep out of the pockets of the people as little...above what it brings into the public treasury of the state. A tax may either take out or keep out of the pockets of the people a great deal more than it... | |
 | United States. Congress. Senate. Committee on the Budget - Budget - 1982 - 812 pages
...tax ought to b* contrived aa both to take out and keep out of the pocketa of the people aa little aa possible, over and above what It brings Into the public Treasury of the stateAdam Smith. Wealth of Hatlona; pp. 351-52. This guideline, known as the efficiency axiom, points... | |
 | Banks and banking - 1876 - 1102 pages
...and what an undue authority is vested in the Commissioners. Then there is the economy of the tax, for every tax ought to be so contrived as both to take out, and keep out, of tho pockets of the people as little as possible, over and above what it brings into the... | |
 | Martin Feldstein, A.J. Auerbach - Business & Economics - 1985 - 483 pages
...analysis takes over. Adam Smith, in his fourth maxim, counsels that "every tax ought to be so contrived as to take out and to keep out of the pockets of the...above what it brings into the public treasury of the state" [Smith (1776, vol. II, p. 311)]. Reference is to the cost of tax administration, obstruction... | |
 | David G. Davies - Business & Economics - 1986 - 334 pages
...compute their tax liabilities as correctly as persons with more knowledge and expertise. Fiscal economy "Every tax ought to be so contrived as both to take out and keep out of the pockets of the people as little as possible, over and above what it brings into the... | |
 | Richard G. Lipsey, Colin Harbury - Business & Economics - 1992 - 548 pages
...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...little as possible, over and above what it brings in to the public treasury of the state. Smith's four maxims are often dubbed Equity, Certainty, Convenience... | |
 | John Cunningham Wood - Biography & Autobiography - 1993 - 664 pages
...endorses convenience in the timing and manner of payment. Lastly, the fourth canon advises that: " Every tax ought to be so contrived as both to take...above what it brings into the public treasury of the state."-' Thus, in his view, both administrative and compliance costs should be minimized by effective... | |
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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 the public treasury of the state. 
