14. The classification of property for taxation. Ibid., No. 20 (Classification of Property for Purposes of Taxation).
15. The new national budget system. F. A. Cleveland and A. E. Buck, The Budget and Responsible Government, pp. 371-381.
Questions
1. Show how taxes are related to the cost of living. What forms of taxation are most closely related to it?
2. Can you add any other principles of taxation to those laid down by Adam Smith?
3. Select from the constitution all the provisions which relate to taxation and put them together in this form: “Congress may impose any sort of taxation except that——and that——and that, etc.”
4. What is the incidence of (a) import duties; (b) export duties; (c) a tax on vacant land; (d) a tax on a factory; (e) a normal tax on incomes; (f) a poll tax; (g) a tax on inheritances; (h) a tax on the profits of theatres; (i) a tax on motor trucks?
5. Is it right that income from government bonds should be exempt from taxation?
6. Which of the following taxes is the wage-earner likely to feel the least, and why: tariff duties, a property tax, income taxes, a sales tax, a poll tax?
7. Should different forms of property (land, buildings, household furniture, stocks, bonds, automobiles, etc.) be taxed at different rates? Should factories be taxed at a different rate from homes? If all men are equal in the eyes of the law, why should they be taxed at different rates?