People's Pilot, Volume 3, Number 30, Rensselaer, Jasper County, 12 January 1894 — INCOME TAX IN OTHER LANDS [ARTICLE]

INCOME TAX IN OTHER LANDS

Some Interesting Figures Submitted- bjr Congressman Bryan. Washington, Jan. 11.—Representative Bryan, of Nebraska, on behalf of the committee on ways and means, haa> submitted an. elaborate statementconcerning the various systems of income tax ia operation in Europe. The statement is a result of correpondence between the state department and United States consuls located abroad. In order to systematize the information,, nine questions were sent to the consuls- concerning the rate of the tax, the exemptions, the amount realized, the manner of assessment, punishment imposed, etc. Great Britain is shown to have imposed an inoome tax continuously since 1843. The rate of tax has varied from year to year, being below 2 pence on the pound sterling. The various states of the German empire impose income taxes, but the empire has no such taxes. Prussia has had an income: tax since 1851. The tendency of late years in Prussia has been to reduce the tax on small incomes and increase iton great ones. '* The grand duchy of Baden has imposed an income tax within recent years. The rate is 2 per cent, on all incomes over 500 marks The entire yield for 1891 was 5.700,000 marks. Bremen has an income tax varying from year to year. Last year the rate was 4 per cent, with an addition for incomes over 600 marks. Austria collected about $10,000,000 last year from an income tax. The tax is divided into three classes, according to the amount of the income. The rate varies from 8X per cent, up to 20 per cent., according to the amount of the income. The Italian government realized $45,000,000 from its income tax last year. The rate is. 12 per cent, and covers incomes derived from all sources, except from lands and buildings.