...s'écroule devant ces phrases immortelles que je pour(i) » The subjects of every state oughttocontribute » towards the support of the government , as nearly...proportion to the revenue which they » respectively enjoy » 1 1 The tax , which each individual is bound toy> pay, onght to be certain and not arbitrary. »...

...principles of taxation in these well-known words : — ' TheSubjects of every ' State ought to contribute to the support of the Government as ' nearly as possible...respectively ' enjoy under the protection of the State. In the observation or ' neglect of this maxim consists what is called the equality or ' inequality...

...into the mode in which a property and an income tax should be assessed. I. Dr Smith lays it down, that the subjects of every state ought to contribute towards the support of government, ' as nearly ' as possible in proportion to their respective abilities ; that is, * in proportion...

...taxation. Adam Smith, in his Wealth of Nations, defines the principle of taxation as follows: — " That the subjects of every state ought to contribute towards...possible, in proportion to their respective abilities," and this proposition must be admitted. To determine therefore, the character of a new tax, we have...

...following maxims with regard to taxes in general. 1. The subjects of every state ought to conlribu^f towards the support of the government, as nearly as...respectively enjoy under the protection of the state. The expence of government to the individuals of a great nation, is like the expence of management to the...

...necessary to premise the four following maxims with regard to taxes in general. ] . The subjects of fcvery state ought to contribute towards the support of the...respective abilities ; that is, in proportion to the revemie which they respectively enjoy under the protection of the state. The expense of government...

...Smith apply to another side of the question. ' The subjects of every State ought to con' tribute to the support of the Government, as nearly as possible...the revenue which they respectively enjoy under the pro' tection of the State. In the observation or neglect of this 'maxim consists what is called the...

...general, to which, according to Adam Smith, all taxes should conform. The four maxims are as follow: 1. " The subjects of every state ought to contribute towards...possible in proportion to their respective abilities. 2. " The tax which each individual is bound to pay ought to be certain and not arbitrary. 3. " Every...

...defray the expense incurred for their maintenance, in proportion to their respective abilities, ie, in proportion to the revenue which they respectively enjoy under the protection of the State. This money must necessarily be raised by taxation. There are certain rules the due observance of which...

...principle laid down by the modern parent of sound political economy, (A Smith, vol. 3 p. 256.) that " the subjects of every state ought to contribute towards the support of the government, in proportion to the revenue which they respectively enjoy under the protection of the state," which...