Publisher's Synopsis
Excerpt from Income Taxes
The increasmg difference between those who owned property and those who did not gradually led to the selection of that test as the basis of taxation, and ulti mately produced the general property tax. This being the prevailing system of taxation during the forma tive period of our history, it was adopted by all the American states and still constitutes the framework of their tax systems. In 1912 it was estimated that the property tax produced not less than 75 per cent. Of all our public revenue.
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