LAND AND INCOME TAX.
There is a good deal to recommend tha proposals of the Government hi regard to the land and mi-come tax.. If the graduated land tax is justified at all, ity justification depends upon its being imposed upon those who are in a position' to War it or to sub-divide their estates. So .also with the income tax. The value of money today is not what it was when the income tax was .first imposed. The £3OO exemption is not sufficient in the oretimstaaiceis. The men earning over £IOOO a year aire much more numerous than they were a few years back. It would be. no hardship c.f these were asked, to pay a little higher tax, and the exemption were increased to, say, £4OO per year.
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https://paperspast.natlib.govt.nz/newspapers/WAG19120702.2.12
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Wairarapa Age, Volume XXXII, Issue 10674, 2 July 1912, Page 4
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130LAND AND INCOME TAX. Wairarapa Age, Volume XXXII, Issue 10674, 2 July 1912, Page 4
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