Publisher's Synopsis
Excerpt from Communication From the Board of Trade of Philadelphia to the Committee on Finance of the Senate of the United States: Proposing a Plan of Equitable Taxation to Meet the Expenses of the Government; Philadelphia, April 2, 1862
This principle may have some exceptions, which will occur to you; but it is clear that the most just mode of taxation is upon the annual income or profits of every person who can be reached. This being admitted, the problem to be solved is, how can the rule be fairly applied.
Upon fixed incomes from investments in real or personal estate, upon compensation or salaries, upon persons doing solely a cash business, and Whose Incomes are therefore shown by their balance' sheets, and, in fine, upon all whose income is definite, an in come tax is the most equitable.
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