APPENDIX E— continued. 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 op 12½ per Cent. on Capital before any Taxes are deducted.

8.—5.

14

Income-tax with Exemption of 5 per Cent, on Income-tax without Exemption of 5 Unimproved Value. per Cent, on Unimproved Value. Percentage Percentag# Stock Im- Percentage Net Income Net Un- „ipm,Ws Tot »l T.njt.. Wot 5 per Cent. Total Tax if Net to Capital Income to „« t ,t,h Excess of Excess of Excess of improved and Im-' Capital Lanrttax flet on Unim . Land-tax (Col. 4) F Income to after Land Capital . £1 *1 Income-tax Land-tax alone Income-tax Value provements employed in tT ni " m v _ri SSta? P rov ed Value Statu- oth Income-tax. and Income-tax S „ ?s Capital and Income after only over (Col. 4) over alone (Col. 14) (60 per f 40 rer Property vE .„X piI allowed as tary Taxable (Col. 10) are both tl ° n ' a3 Taxable Tncnma-tax after Land- Taxes Income- Land and Income-tax over Land-tax Cent.). itr.tr and Stock. alue - Deduction Exemp- Income. charged. „R! r 7 Income. income tax. tax (Co i. 4) (Cols. 4 and tax (Col. tax only. jncome Tax. alone (Col. 14). alone (Col. 4). from tion. tlons ' V°*fV deducted. 10) de- 14) de- . f j Assessable ducted. ducted. deducted. Iacome 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. U. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. £ £ £ £ s. d. £ £ £ £ £ £ s. d. £ s. d. £ £ £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 2,400 1,600 4,000 10 14 0 500 120 300 125 .. .. 10 14 0 425 75 3 0 0 12-23 12-23 12-42 7 14 0 .. 7 14 0 4,500 3,000 7,500 22 0 8 937J 225 .. 1462 565f 25 14 1 47 14 9 146? 790§ 41 18 5 12-21 11-87 11-94 5 16 4 .. .. 19 17 9 6,000 4,000 10,000 31 5 0 1,250 300 .. 225 725 36 7 1 68 2 1 225 1,025 62 7 1 12-19 11-82 11-88 5 15 0 .. .. 31 2 1 7,500 5,000 12,5C0 41 8 2 375 .. 256J 93 1| 53 14 10 95 3 0 256J 1,306J 91 14 2 12-17 11-74 11-77 3 8 10 .. .. 50 6 0 9,000 6,000 15,000 52 10 0 1,875 450 .. 287± 1,137-5- 73 8 2 125 18 2 1,5875 126 6 9 12-15 11-66 11-66 .. 0 8 7 .. 73 16 9 12,000 8,000 20,000 77 10 0 2.500 600 .. 300 1,600 128 0 0 205 10 0 300 2,200 220 0 0 12-11 11-47 11-40 .. 14 10 0 .. 142 10 0 18,000 12,000 30,000 138 15 0 3,750 900 .. 300 2,550 284 15 0 423 10 0 300 3,450 488 15 0 12-04 11-09 10-87 .. 65 5 0 .. 350 0 0 24,000 16,000 40,000 215 0 0 5,000 1,200 .. 300 3,500 501 13 4 716 13 4 300 4,700 861 13 4 11-96 10-71 10-35 .. 145 0 0 .. 646 13 4 30,000 20,000 50,000 306 5 0 6,250 1,500 .. 300 4,450 778 15 0 1,085 0 0 300 5,950 1,338 15 0 11-89 10-33 9-82 .. 253 15 0 .. 1,032 10 0 42,000 28,000 70,000 533 15 0 8,750 2,100 .. 300 6,350 1,476 7 6 2,010 2 6 300 8,450 2,260 7 6 11-74 9-63 9-27 .. 250 5 0 .. 1,726 12 6 57,000 38,000 95,000 902 10 0 11,875 2,850 .. 300 8,725 2,373 18 6 3,276 8 6 300 11,575 3,395 6 8 11-55 9-05 8-93 .. 118 18 2 .. 2,492 16 8 72,000 48,000 120,000 1,365 0 0 15,000 3,600 .. 300 11,100 3,256 0 0 4,621 0 0 300 14,700 4,312 0 0 11-36 8-65 8-91 309 0 0 .. .. 2,947 0 0 90,000 60,000 150,000 2,043 15 0 18,750 4,SCO .. 300 13,950 4,092 0 0 6,135 15 0 300 18,450 5,412 0 0 11-14 8-41 8-89 723 15 0 .. .. 3,368 5 0 120,000 80,000 200,000 3,475 0 0 25,000 6,000 .. 300 18,700 5,485 6 8 8,960 6 8 300 24,700 7,245 6 8 10-76 8-02 8-88 1,715 0 0 .. .. 3,770 6 8 150,000 100,000 250,000 4,906 5 0 31,250 7,500 .. 300 23,450 6,878 13 4 11,784 18 4 300 30,950 9,078 13 4 10-54 7-79 8-87 2,706 5 0 .. .. 4,172 8 4 180,000 120,000 300,000 5,887 10 0 37,500 9,000 .. 300 28,200 8,272 0 0 14,159 10 0 300 37,200 10,912 0 0 10-54 7-78 8-86 3,247 10 0 .. .. 5,024 10 0 210,000 140,000 350,000 6,868 15 0 43,7.50 10,500 .. 300 32,950 9,665 6 8 16,534 1 8 300 43,450 12,745 6 8 10-54 7-78 8 86 3,788 15 0 .. .. 5,876 11 8 I Comparative Statement as above, assuming an Earning of 15 pee Cent, on Capital before any Taxes are deducted. I I [ 2,400 1,600 4,000 10 14 0 600 120 ; 300 130 50 2 0 0 12 14 0 430 170 6 16 0 14-73 14-68 14-83 5 18 0 .. 3 18 0 4,500 3,000 7,500 22 0 8 1,125 225 .. 2125 6875 34 1 7 56 2 3 212| 912-J 52 0 10 14-71 14-25 14-31 4 1 5 .. .. 30 0 2 6,000 4,000 10,000 31 5 0 1,500 300 .. 250 950 55 8 4 86 13 4 250 1,250 85 8 4 14-69 14-13 14-15 1 5 0 .. .. 54 3 4 7,500 5,000 12,500 41 8 2 1,875 375 .. 2875 1,212} 81 6 9 122 14 11 126 6 9 14-67 14-02 14-00 .. 3 11 0 .. 84 18 7 9,000 6,000 15.000 52 10 0 2,250 450 .. 300 1,500 115 0 0 167 10 0 300 1,950 178 15 0 14-65 13-88 13-81 .. 11 5 0 .. 126 5 0 12,000 | 8,000 20,000, 77 10 0 3.000 600 .. 300 2,100 203 0 0 280 10 0 300 2,700 315 0 0 14-61 j 13-60 13-42 .. 34 10 0 .. 237 10 0 18,000 12,000 30,000 138 15 0 4,500 900 ; 300 3,300 451 0 0 589 15 0 300 4,200 700 0 0 14-54 13-03 12-67 .. 110 5 0 .. 561 5 0 24,000 ' 16,000 40,000 | 215 0 0 6.000 1,200 .. j 300 4,500 795 0 0 1,010 0 0 300 5,700 1,235 0 0 14-46 | 12-48 11-91 .. 225 0 0 .. 1,020 0 0 30,000 20,000 50,000 306 5 0 7,500 1,500 .. 300 5,700 1,235 0 0 1,541 5 0 300 7,200 1,776 0 0 14-39 11-92 11-45 .. 234 15 0 .. 1,469 15 0 42,000 28,000 70,000 533 15 0 10,500 2,100 .. ! 300 8,100 2,119 10 0 2,653 5 0 300 10.200 2,992 0 0 14-24 11-21 10-73 .. 338 15 0 .. 2,458 5 0 57,000 38,000 95,000 1 902 10 0 14,250 2,850 .. 300 11,100 3,256 0 0 4,158 10 0 300 13,950 4,092 0 0 14-05 , 10-62 10-69 66 10 0 .. .. 3,189 10 0 72,000 48,000 120,000 !,365 0 0 18,000 3,600 .. 300 14,100 4,136 0 0 5,501 0 0 300 17,700 5,192 0 0 13-86 ! 10-42 10-67 309 0 0 .. .. 3,827 0 0 90,000 60,000 150,000 2,043 15 0 22,500 4,500 i .. 300 17,700 5,192 0 0 7,235 15 0 300 22,200 6,512 0 0 13-64 ' 10-17 10-66 1 723 15 0 .. .. 4,468 5 0 120,000 80,000 200,000 3,475 0 0 30,000 6,000 .. 300 23,700 6,952 0 0 10,427 0 0 300 29,700 8,712 0 0 13-26 I 9-79 10-64 1,715 0 0 .. .. 5,237 0 0 150,000 100,000 250,000 4,906 5 0 37,500 7,500 .. 300 29,700 8,712 0 0 13,618 5 0 300 37,200 10,912 0 0 13-04 9-55 10-63 2,706 5 0 .. .. 6,005 15 0 180,000 120,000 300,000 5,887 10 0 45,000 9,000 .. 300 35,700 10,472 0 0 16,359 10 0 300 44,700 13.112 0 0 13-04 9-55 10-63 3,247 10 0 .. .. 7,224 10 0 210,000 140,000 350,000 6,868 15 0:52.500 10,500 .. 300 41,700 12,232 0 0 19,100 15 0 300 52,200 15,312 0 0 13-04 9-54 10-63 3,788 15 0 .. .. 8,443 5 0 . i I ' 1 I