NEW TAXATION

New Zealand Times, Volume XLII, Issue 9788, 11 October 1917, Page 8

NEW TAXATION

To the Editor ”N.Z. Times.” Sir,—Has the Finance Minister considered those Who are exempt from service? An alleged essential transport officer, young, single, XCOi) o year, seeps it all save a little income tax. Why not tax him £4OO a* year—she balance, £IOO, should be ample? Assume that ,111.50 per annum should support a mian end his wife and JS2G per annum more would support a child. Then subject to necessary expenditure for other dependents the net income of all exempt people should have income tax deducted —necesaarv expenditure as above—Xl3o a year for self and wife, £26 for each child, and the balance is available for luxation. Sot we start with taking one-half. Surety this is a source of revenue. Another source is that one-half of the increased value of Sand shown on a transfer unless proved due to improvements could be taken. This would limit land speculation. This could be made retrospective to a certain extent. However. surely exempted people, especially single men, should pay or tax ail their income except £l5O. The soldier receives in all that amount and risks his life.— I am, etc-. FAS.