Taxation of Personal PropertyNew York Tax reform association, 1906 - 39 էջ |
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Common terms and phrases
66 exemp assessed value assessment of mill assessment of personal assessment rolls benefit branch banks burden Camden Camden county capital Cent of Personal chattels citizens city counties Commissioner of Taxes committee Cook County country assessors Cuyahoga counties effect exemp 66 taxed exemption farmers Hamilton county Harrison county honest imposed increased interest rate Jersey large cities lender Massachusetts mill property money loaned mortgages from taxation Ohio county owners of real paid personal prop personal property tax personal taxes Personal to Total proportion rate of interest real and personal real estate remainder residence result Rhode Island rural counties small towns sonal property Syracuse Tax Commission Tax Commissioners Tax Inquisitor Law tax laws Tax Reform Association tax-payer taxa taxation of personal taxes on personal theory tion total assessed U. S. bonds valuation value of personal value of real watches and clocks West Virginia York Legislature York Tax Reform
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Էջ 24 - It puts a premium on dishonesty and debauches the public conscience; it reduces deception to a system, and makes a science of knavery; it presses hardest on those least able to pay; it imposes double taxation on one man and grants entire immunity to the next.
Էջ 6 - personal estate," and "personal property," as used in this chapter, include chattels, money, things in action, debts due from solvent debtors, whether on account, contract, note, bond or mortgage ; debts and obligations for the payment of money due or owing to persons residing within this state, however secured or wherever such securities shall be held ; debts due by inhabitants of this state to persons not residing within the United States for the purchase of any real estate ; public...
Էջ 30 - ... less the value of such security, shall be assessed and taxed to the owner of the property, and the value of such security be assessed acd t?xed to the owner thereof, in the county, city, or district in which the property affected thereby is situate.
Էջ 29 - The tax on Government stock is thought by this court to be a tax on the contract, a tax on the power to borrow money on the credit of the United States, and consequently to be repugnant to the Constitution.
Էջ 30 - A mortgage, deed of trust, contract, or other obligation by which a debt is secured, shall, for the purposes of assessment and taxation, bedeemed and treated as an interest in the property affected thereby.
Էջ 11 - ... on the 18th of October, 1870, were $1,656,548 ; the capital of the Onondaga Salt Company, $1,200,000, and the resources of the savings banks of Syracuse, January 1st, 1870, $3,650,264 ; making a total of $6,506,812, or $2,231,537 in excess of the valuation of the personal estate of the whole county. It would seem as if no intelligent person could give the slightest consideration to the facts revealed in the foregoing tables and statements without arriving at the fullest conviction that the valuation...
Էջ 6 - In the third column the full value of such real property. 4. In the fourth column the full value of all the taxable personal property owned by each person respectively after deducting the just debts owing by him.
Էջ 29 - Union. but the general rule is that only occasional mortgages are placed on the assessment roll. In the State of New York the interest rate on mortgages is increased only by a portion of the tax, and some owners of mortgage debts who escape taxation profit by a higher interest rate than they would otherwise receive, which all mortgagors must pay ; while some mortgagees who are too honest or too ignorant to escape, pay the full tax and submit perforce to a confiscation of their property. The impression...
Էջ 31 - ... of supply and demand. Nor would the enactment of the most stringent usury laws produce a different practical result. Human ingenuity has hitherto proved inadequate to the task of devising usury laws which were incapable of easy evasion ; and wherever they exist, they are, and will continue to be, subordinate to that higher law of trade which ordains that money, like other articles of commercial value, will command just what it is worth in the market, no more and no less.
Էջ 31 - Nor would the enactment of the most stringent usury laws produce a different practical result. Human ingenuity has hitherto proved inadequate to the task of devising usury laws which were incapable of easy evasion; and wherever they exist they are, and will continue to be, subordinate to that higher law of trade which ordains that money, like other articles of commercial value, will command just what it is worth in the market, no more and no less. Assuming these premises to be correct, and I am convinced...