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Tomahawk (1867-1870), 15th May 1869, Edition 1 of 1, Page 219

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    • THE CHICANMR OF THE EXCHEQUER.
  • Text (3)
  • Transcript

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      May 15,186 9.3 The Tomaha Wk. 219

      May 15 , 186 9 . 3 THE TOMAHA WK . 219

      The Chicanmr Of The Exchequer.

      THE CHICANMR OF THE EXCHEQUER .

      We Promised To Refer Again To Mr. Lowe's...

      WE promised to refer again to Mr . Lowe ' s Budget , which , as the we expected Irish Church , has totall Debate y escaped . attention in the excitement of prepared was Mr known . Lowe peop that introduced le for large anything s his um Budget re but mained a under red uction be cir cumstance of d on taxation acc s ou which nt . of It ! paring the Abyssinian which had expedition been going , and on in in spite the army of the and vigorous navy cheese depart- - ; ments come tax , no was one to would be kept have on been at sixpence surprised . Beginning to hear that his the state in - - m balance ent in a of very the Abyssinian lugubrious ma account nner , swallowed and having up shown all the th surp at the lus ga Childers med by , he the suddenl economical y went off policy at a ta of ngent Messrs on . the Card subject well and of the expense of collecting assessed taxes , and ended by anthe nouncing receipts a p of lan the for coming collecting year from these the duties incom , a e nd tax anticipating , which he m calculated illions , which would would place enabl at his e him disposal to take a surplus a penny of over off the three in-I come important tax , and one to being effect the other abolition remissions of the of taxation duty on ; hackney the only lists carriages , the , London which will cab make -owners the- , profits greater of than those they fatted are monopo even at - year present , owing . As to for Mr the . Lowe reduction ' s system of the of income collection tax , — it for will the be present 7 d . in those the pound on — whom what the it may tax be wei next ghs year heaviest no one , Mr can . Low say e . ' But udget to offers Bthese but a tactics bitter ' mockery Mr . Lowe of effected relief . what we me he iny presu everybody tended—a knows surprise how . It su is ccessful rather a it vul is gar . A trick similar to resort surprise to , but on the stage has saved many a bad piece from being damned , 1 The and House it bait saved of is Com cunningl Mr m . Lowe y mainl ' s contrived budget y consists . fro To m , it any the is rich effective a very , of c which onvenient criticism the . for bud thei get . r carriages It will save , horses them , trouble servants . , Th armorial ey will bearings take out , a licence c , and have they will done pay with their it . inco Not me so -tax the and man land of small -tax in means the lump whose , and income is earned by his own industry , or the man of , moderate who capital will , whose have to profits take are o calculated n the first of over the whol a considerable e year , but sum from his capital , just away when he can least J anuary afford it . Let us take yea the At debts r ca he ; se he always b of eg cannot inning a man has have in very of trade th done little e . year so His spare . he profits For has cap the ital not are first , ; yet £ business 5 , 000 got quarter pe in r his is annum of slack book the , .

      the and s a um good of about deal of ^ his 105 money for a tax is out on . an But income he has which to pay he at even once - not tuall in y may not sion realise . He , and can of naver which at recover that time he of is that positivel . £ 105 y although posses his profits may fall as low as £ 4000 any . Besides , the , inte s rest tha t n additional . £ 105 at 10 am per ount cent of , taxati is another on , as the , , £ 10 sum ; so of . that £ 105 h is e take pay n away from his employable capital . , Would it not be perfe calculate ctly just the for tax him on to the deduct remainder that 1 sum We from expect his many income will , look and at it in this light . A The allows meaning B to have of the credit money is this which —that he it owes is a to system him to by employ which represents for a certai what n time the ; and power the of discount employi on ng re th ady at m money oney is payment worth to s antici the trader pates . the But income the Government of the next gives year no ; and discount , once . adopt It simply this plan of Mr . Lowe and you will stand committed to a perpetual nine system months of anticipating before it is the due . income It has from been each urged year that ' the taxa tax tion - tio payer and collection n , hardship but reaps it is has the inflicted in yet advantage any to way be on prove him equal by by the d that to the saving the the method extreme saving effected of effected inconvenience collecting in the in collec the the - tax But . Mr let . us Lowe now has take , very the wisely case of , never a man attempted who earns to a prove precarious this . \ 1 to income as income it be at substituted - present b tax y his on own persons exists for industry , nothing indirect of this . And can condition taxation exceed here we . but the The may the injustice tax relief say is , that supposed given of even the to ,

      with small which incomes this is tax totall weig y hs insufficient on them to as remedy compared the with disproportion large inthey comes get . very Rich much men cheap would er naturall now by paying buy many income luxuries -tax , instead which self of excise these duties luxuries . The and poor yet he man has can to pay only the live same by deny inco ing me him -tax - b e the explai rich ned man by . the , So fact glaring that the is this House injustice of Commons that it is is onl nearly y to entirely composed of comparatively rich men , and by the selfas ishness it does of now human . Originall nature , y that imposed this tax under was a ever solemn allowed pled ge exist that has d it was regarded been onl nourished y an and as extraordinary a inflicted permanent ever since more tax by one moral , fraud , its , birth was and on was has no created in account the deceit indus m ; to it - trious ishonesty part , of the population , than any excise injury duty upon that was ever invented . bread But , if befo their re own , the labo tax u r , what oppressive will it be those if Mr who . Lowe ear ' n their plan be accepted ? Here is a man whose salary , depending on his his pounds own income good a week health as . ^ and 2 He 50 must per on the , annum if he solven be . The hon cy of est income his and emp truthful -tax loyer on , , that return is five at nine o fivepence n the months 1 st will of £ be 6 J anuary £ 5 s $ . ( 4 at s . . sixpence He He will will in have have the to pound paid pay in ) the . the He whole will preceding 9 s . of there as this - fore have to pay in the current twelve months ^ n inthis come without -tax , or more embarrassing than two himself weeks' ? salary Everybody . How knows is he to th do at for ably persons , it is absolutely with that income necessary to that live in they London should at buy all all respect food - , patio & c , for n . read But y they money are . asked They to do pay not the pay sum their confiscated rents by antici from - their hard earned salary by the State in a lump , and are told that swallowed this is up a in relief income to -tax them alone . M at ore the than beginning a week of ' s the salary yearr is How are they to live for that week ? They must alter all their habits i the n addition saving of living which to pay , and ing they deal so effect large for necessarie by a su the m as more s a prospective economical credit , and tax method so on lose an , they income may which be deprived they have at any not moment even ye . t earned , and of which It may seem that our argument tends to support Mr . Lowe ' s ready plan , beca money use pri we nci allude ple . But to the this advantages tax is , as it were dealing , a debt on the to or the no State value , fo . r whi Were ch water the man rates of small and incom rates e ha collected s received on little the ev same ery princip one rec le eiv , there es som would ethin be g tang a great ible gas out in cry return , and . The for saving these effected by ready money dealing with regard to perishable

      creasi article ng s , such number as meat of markets , vegetables and , co & - c operative , is manifest stores ; and which the are inconsu being mer established . But with , prove the income how this -tax fact it is is quite appreciated a different by mat the - ter this ; tax the upon least industry that Parliame , is , th nt at can it should do , if it make insists the o payment n inflicting of the impost as little burdensome as possible . Should this part f of eeling try Mr . every Low whic e ' mean s Budget will s of evading be vok allowed e w such ill to lea an pass d injustice peop , we le , n . r o that t Persons inexcusabl the bitte with y r , their uncer incomes tain inco on mes the will half most dec instead idedly b of e justifi the whole ed in ca in order culatin to sum protect of money themselves which against they year never the possibility may receive of . paying , a tax on a year The is debt an extraordinary which swallows one , and up the it would legitimate be far surplus more honest of the and Lowe economical has himself to described provide for his it precious in some pla other n as manner " filching . Mr the . that irfcome if there from is the a deficit next at year the , " end and of has the humourousl current ar y observe the d - come cess can his be finances repeated can . hardl Now , if be an said individual tobe in a anticipates sound ye state , his pro and inwe cannot , see how the case y of the natio , n differs from that ; of the individual . The case of income-tax duty should be a warning into to a us precedent how we . allow any " dodge " for raising money to grow for Mr the . Lowe want ' s of budget shuffling may and pass jugg in ling its entirety on his part . . It He will has not tried be to trick the House of Commons into consenting to inflict a gross

  • Citation
    • Tomahawk (1867-1870), May 15, 1869, page 219, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/t/issues/ttw_15051869/page/11/