The Rights of Man, Thomas Paine [the best books to read txt] 📗

Total L507,000

Every year some part of this sum of half a million (I omit the odd seven thousand pounds for the purpose of keeping the account unembarrassed) will fall in, and the whole of it in time, as it is on the ground of life annuities, except the increased pay of twenty-nine thousand pounds. As it falls in, part of the taxes may be taken off; and as, for instance, when thirty thousand pounds fall in, the duty on hops may be wholly taken off; and as other parts fall in, the duties on candles and soap may be lessened, till at last they will totally cease. There now remains at least one million and a half of surplus taxes.

The tax on houses and windows is one of those direct taxes, which, like the poor-rates, is not confounded with trade; and, when taken off, the relief will be instantly felt. This tax falls heavy on the middle class of people. The amount of this tax, by the returns of 1788, was:

Houses and windows: L s. d.

By the act of 1766 385,459 11 7 By the act be 1779 130,739 14 5 1/2 ---------------------- Total 516,199 6 0 1/2

If this tax be struck off, there will then remain about one million of surplus taxes; and as it is always proper to keep a sum in reserve, for incidental matters, it may be best not to extend reductions further in the first instance, but to consider what may be accomplished by other modes of reform.

Among the taxes most heavily felt is the commutation tax. I shall therefore offer a plan for its abolition, by substituting another in its place, which will effect three objects at once: 1, that of removing the burthen to where it can best be borne; 2, restoring justice among families by a distribution of property; 3, extirpating the overgrown influence arising from the unnatural law of primogeniture, which is one of the principal sources of corruption at elections. The amount of commutation tax by the returns of 1788, was L771,657.

When taxes are proposed, the country is amused by the plausible language of taxing luxuries. One thing is called a luxury at one time, and something else at another; but the real luxury does not consist in the article, but in the means of procuring it, and this is always kept out of sight.

I know not why any plant or herb of the field should be a greater luxury in one country than another; but an overgrown estate in either is a luxury at all times, and, as such, is the proper object of taxation. It is, therefore, right to take those kind tax-making gentlemen up on their own word, and argue on the principle themselves have laid down, that of taxing luxuries. If they or their champion, Mr. Burke, who, I fear, is growing out of date, like the man in armour, can prove that an estate of twenty, thirty, or forty thousand pounds a year is not a luxury, I will give up the argument.

Admitting that any annual sum, say, for instance, one thousand pounds, is necessary or sufficient for the support of a family, consequently the second thousand is of the nature of a luxury, the third still more so, and by proceeding on, we shall at last arrive at a sum that may not improperly be called a prohibitable luxury. It would be impolitic to set bounds to property acquired by industry, and therefore it is right to place the prohibition beyond the probable acquisition to which industry can extend; but there ought to be a limit to property or the accumulation of it by bequest. It should pass in some other line. The richest in every nation have poor relations, and those often very near in consanguinity.

The following table of progressive taxation is constructed on the above principles, and as a substitute for the commutation tax. It will reach the point of prohibition by a regular operation, and thereby supersede the aristocratical law of primogeniture.

TABLE I A tax on all estates of the clear yearly value of L50, after deducting the land tax, and up To L500 0s 3d per pound From L500 to L1,000 0 6 On the second thousand 0 9 On the third " 1 0 On the fourth " 1 6 On the fifth " 2 0 On the sixth " 3 0 On the seventh " 4 0 On the eighth " 5 0 On the ninth " 6s 0d per pound On the tenth " 7 0 On the eleventh " 8 0 On the twelfth " 9 0 On the thirteenth " 10 0 On the fourteenth " 11 0 On the fifteenth " 12 0 On the sixteenth " 13 0 On the seventeenth " 14 0 On the eighteenth " 15 0 On the nineteenth " 16 0 On the twentieth " 17 0 On the twenty-first " 18 0 On the twenty-second " 19 0 On the twenty-third " 20 0

The foregoing table shows the progression per pound on every progressive thousand. The following table shows the amount of the tax on every thousand separately, and in the last column the total amount of all the separate sums collected.

TABLE II An estate of: L 50 per annum at 3d per pound pays L0 12 6 100 " " " " 1 5 0 200 " " " " 2 10 0 300 " " " " 3 15 0 400 " " " " 5 0 0 500 " " " " 7 5 0

After L500, the tax of 6d. per pound takes place on the second L500; consequently an estate of L1,000 per annum pays L2l, 15s., and so on.

Total amount For the 1st L500 at 0s 3d per pound L7 5s 2nd