8.—5

12

APPENDIX E. Comparative Statement of Land-tax alone as against Income-tax alone, and Land and Income Tax combined against Income-tax alone, with Net Yields to Capital in each Case, assuming an Earning of 2½ per Cent. on Capital before any Taxes are deducted.

Income-tax with Exemption of 5 per Cent, on Income-tax without Exemption of 5 Unimproved Value. per Cent, on Unimproved Value, i Percentage Stock Im- I | Percentage Net Income .Net j Un- Dlements Total ' Tinri Net 5 per Cent. TotalTaxif Net to Capital Ineometo Excess of Excess of Excess of improved *l n . r,, ' | Capital , „ Tnmme on ou Un im- Land-tax (Col. 4) T Income to after Land Capital /r, f® ™ Income-tax Land-tax alone Income-tax Value provements em P lo y ed 131 Canital P roved VaIue statu ' other Income-tax. and Income-tax t - P Capital and Income alter j pr 2! mp only over (Col. 4) over alone (Col. 14) (60 per (40 per Property Unimproved Capital allowed as tary Other Taxable (Col. 10) are both Taxable i ncome . U x after Land- Taxes Income- Land and Income-tax over Land-tax Cent.). r-piit ) and Stock. value. employe Deduction Exemp- 3 P Income. charged. pP, 7 Income. 0 * tax (Col. 4) (Cols. 4 and tax (Col. 1 omj * Income Tax. alone (Col. 14). alone (Col. 4). from tion. tl0ns - deducted. 10) de- 14) de- , A* , Assessable ' ducted. ducted. deducted. Iacome 1. 2. 3. 4. 5. 6. 7. 8. 9. M. IX 12. 13. 15. 16. 17. 1JS. M. 20. 21. I I! [ ! I £ £ I £ £ s. d. £ £ £ £ £ £ s. d. £ s. d. £ £ £ s. d. £ s. d. £ s. d. £ s. d. £ " s. d. 2,400 1,600 ! 4,000 10 14 0 100 120 300 105 1 .. 10 14 0 405 .. .. 2-23 2-23 2-50 10 14 0 .. 10 14 0 4,500 3,000 ! 7,500 22 0 8 187i 225 300 109 .. j 22 0 8 409 .. .. 2-21 2-21 2-50 22 0 8 .. 22 0 8 6,000 4,000 10,000 31 5 0 250 300 300 112J .. .. 33 5 0 412J .. .. 2-19 2-19 2-50 31 5 0 .. 31 5 0 7,500 5,000 12,500 41 8 2 312J 375 300 115 .. 41 8 2 415 .. 2-17 2-17 2-50 41 8 2 .. 41 8 2 9,000 6,000 15,000 52 10 0 375 450 300 118J .. .. ! 52 10 0 418f| .. .. 2-15 2-15 2-50 52 10 0 .. 52 10 0 12,000 8,000 20,000 77 10 0 500 600 300 125 .. j 77 10 0 425 75 3 0 0 2-11 2-11 2-48 74 10 0 I .. 74 10 0 18,000 12,000 30,000 138 15 0 750 900 150 1374 .. .. 138 15 0 287j| 462| 19 8 8 204 204 2.43 119 6 4 .. 119 6 4 24,000 16,000 40,000 215 0 0 1,000 1,200 ..150 .. .. 215 0 0 150 850 46 15 0 1-96 1-96 2-38 168 5 0 .. 168 5 0 30,000 20,000 50,000 306 5 0 1,250 1,500 ..- j 225 .. .. 306 5 0 225 , 1,025 j 62 7 1 1-89 1-89 | 2-37 243 17 1] .. | 243 17 11 42,000 28,000 70,000 533 15 0 1,750 2,100 .. 275 .. .. 533 15 0 275 1,475 111 17 1 1-74 1-74 2-34 421 17 11 .. 421 17 11 57,000 38,000 95,000 902 10 0 2,375 2,850 .. 300 .. .. | 902 10 0 300 f 2,075 198 17 1 1-55 1-55 ! 2-29 703 12 11 .. j 703 12 11 72,000 48,000 120,000 1.365 0 0 3,000 3,600 .. 300 .. .. 1,365 0 0 1 300! 2,700 315 0 0 1-36 1-36 2-24 1,050 0 0 .. |l,050 0 0 90,000 60,000 150,000 2,043 15 0 3,750 4,500 .. 300 .. .. 2,043 15 0 300 3,450 488 15 0 1 14 1 14 2-17 1,555 0 0 j .. 1,555 0 0 120,000 80,000 200,000 3,475 0 0 5,000 6,000 .. 300 .. .. 3,475 0 0 300 4,700 861 13 4 0-76 0-76 2-07 2,613 6 81 .. 2,613 6 8 150,000 100,000 250,000 4,906 5 0 6,250 7.500 .. 300 .. .. 4,906 5 0 300 5,950 1,338 15 0 0-54 0-54 1-96 3,567 10 0 . 3,567 10 0 180,000 120,000 300,000 5,887 10 0 7,500 9,000 .. 300 .. .. j 5,887 10 0 I 300 7,200 1,776 0 0 0-54 0-54 1-91 4,111 10 0 .. 4,111 10 0 210,000 140,000 350,000 6,869 15 0 8,750 10,500 .. 300 .. .. 6,868 15 0 300 8,450 j 2,260 7 6 0-54 0-54 1-85 4,608 7 6 .. |4,6C8 7 6 COMPARATIVE STATEMENT AS ABOVE, ASSUMING AN EARNING OF 5 PEE CENT. ON CAPITAL BEFORE ANY TAXES ARE DEDUCTED. 2,400 1,600 4,000 10 14 0 I 200 ! 120 I 300 110 .. .. 10 14 0 410 .. .. 4-73 4-73 5-00 10 14 0 ! 10 14 0 4,500 3,000 7,500 22 0 8 375 j 225 300 118? .. 22 0 8 418| .. .. 4-71 4-71 5-00 22 0 8 22 0 8 6,000 4,000 10,000 31 5 0 500 | 300 300 125 .. .. 31 5 0 425 75 3 0 0 4-69 4-69 4-97 28 5 0 .. 28 5 0 7,500 5,000 12,500 41 8 2 625 375 275 131 .. .. 41 8 2 406 219 8 15 2 467 4-67 4-93 32 13 0 32 13 0 9,000 6,000 15,000 52 10 0 j 750 450 150 i 137A 121 0 10 0 53 0 0 ! 287A 462i 19 8 8 i 4-65 4-65 4-87 33 ll 4 " 33 1 4 12,000 8,000 20,0013 77 10 0 1,000 600 .. j 150 250 10 0 0 87 10 0 ! 150* 850"! 46 15 0 4-61 4-56 i 4-77 40 15 0 30 15 0 18,00(0 12,000 30,000 138 15 0 1,500 900 .. 250 350 14 0 0 152 15 0 250 1,250 85 8 4 4-54 4-49 4-72 67 6 8 53 6 8 24,000 16,000 40,000 215 0 0 2,000 1,200 .. | 300 500 21 13 4 236 13 4 300 1,700 141 13 4 4-46 4-41 j 4-65 95 0 0 73 6 8 30,000 20,000 50,000 306 5 0 2,500 1,500 j .. | 300 700 35 0 0 341 5 0 I 300 2,200 220 0 0 4-39 4-32 | 4-56 121 5 0 I 86 5 0 42,000 28,000 70,000 533 15 0 3,500 2,J00 300 1,100 69 13 4 603 8 4 300 3,200 426 13 4 : 4-24 4-14 4-39 176 15 0 ! 107 1 8 57,000 38,000 95,000 902 10 0 4,750 2,850 .. I 300 1,600 | 128 0 0 1,030 10 0 300 4,450 778 15 0 ' 4-05 ! 3-92 j 4-18 251 15 0 " I 123 15 0 72,000 48,000 120,000 1,365 0 0 6,000 3,600 .. ! 300 2,100 | 203 0 0 1,568 0 0 300 5,700 ! 1,235 0 0 3-86 j 3-69 ' 3-97 333 0 ! 130 0 0 90,000 60,000 150,000 2,043 15 0 7,500 4.500 .. 300 2,700 ' 315 0 0 2,358 15 0 300 7,200 1,776 0 0' 3-64 3-43 3-81 582 15 0' 267 15 0 120,000 80,000 200,000 3,475 0 0 10,000 6,000 .. 300 3,700 555 0 0 4,030 0 0 300 9.700 2,796 16 8 3-26 2-98 3-60 1,233 3 4 678 3 4 150,000 100,000 250,000 4,906 5 0 12,500 7,500 .. 300 4,700 861 13 4 5,767 18 4 300 12,200 3,578 13 4 304 2-69 3-57 2,189 5 0 1 327 11 8 180,000 120.000 300,000 5,887 10 0 15,000 9,000 .. j 300 5,700 1,235 0 0 7,122 10 0 300 14,700 4,312 0 0 3-04 2-63 3-56 2,810 10 0 1'575 10 0 210,000 140,000 350,000 6,868 15 0 17,500 10,500 .. | 300 6,700. 1,596 16 8 8,465 11 8 300 17,200 , 5,045 6 8 3-04 2-58 3-56 3,420 5 0 .. |l'823 8 4