What people are saying - Write a review
We haven't found any reviews in the usual places.
Այլ խմբագրություններ - View all
ability according addition American amount assessors attempt banks bonds burden capital stock cent chap charge classes Commissioners committee commonwealths constitutional corporation tax debt deducted discussion distinction dividends double taxation duty economic England equal erty exemption expenditures fact faculty federal fees fiscal franchise tax German gross earnings gross receipts gross receipts tax important imposed improvements income tax increase indirect taxes individual inheritance tax insurance companies interest Jersey land tax land values levied Massachusetts ment method modern mortgages owner paid Pennsylvania personal property personalty practice principle privilege problem profits progressive taxation property tax proportion question railroads railways real estate realty reform Report result revenue science of finance securities separation shares single tax social special assessments special benefit supra Taration tax commission tax on land taxa taxable taxing power theory tion United valorem valuation wealth whole York
Էջ 248 - ... all losses actually sustained within the year and not compensated by insurance or otherwise, including a reasonable allowance for depreciation by use, wear and tear of property, if any...
Էջ 267 - The privilege of exercising the franchises of a corporation within a State is generally one of value, and often of great value, and the subject of earnest contention. It is natural, therefore, that the corporation should be made to bear some proportion of the burdens of government. As the granting of the privilege rests entirely in the discretion of the State, whether the corporation be of domestic or foreign origin, it may be conferred upon such conditions, pecuniary or otherwise, as the State in...
Էջ 201 - The measure of the amount of capital stock employed in this state shall be such a portion of the issued capital stock as the gross assets employed in any business within this state bear to the gross assets wherever employed in business.
Էջ 62 - Practically, the general property tax as actually administered is beyond all doubt one of the worst taxes known in the civilized world. Because of its attempt to tax intangible as well as tangible things, it sins against the cardinal rules of uniformity, of equality and of universality of taxation. 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...
Էջ 298 - Shares of stock in corporations possess no intrinsic value over and above the actual value of the property of the corporation which they stand for and represent, and the assessment and taxation of such shares and also of the corporate property would be double taxation.
Էջ 268 - ... by whatever name the exaction may be called, if it amounts to no more than the ordinary tax upon property or a just equivalent therefor, ascertained by reference thereto, it is not open to attack as inconsistent with the Constitution.
Էջ 268 - When a Legislature is trying simply to value property, it is less likely to attempt to or effect injurious regulation than when it is aiming directly at the receipts from interstate commerce. A practical line can be drawn by taking the whole scheme of taxation into account. That must be done by this court as best it can.
Էջ 221 - Generalized, and divested of the special form which it assumes under a monarchical government based on feudal traditions, a franchise is a right, privilege or power of public concern, which ought not to be exercised by private individuals at their mere will and pleasure, but should be reserved for public control and administration, either by the government directly, or by public agents, acting under such conditions and regulations as the government may impose in the public interest, and for the public...
Էջ 449 - ... a claim for the purpose within the time (if any) limited by the scheme (not being less than three months after the date when notice of the approval of the scheme is first published...