The Theory and Practice of Taxation |
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Adam Smith amount annual assessment assessors authority average bonds bounty British burden Cantons capital cent citizens collected commodities Congress Connecticut consumption corvée debt direct tax distilled spirits dollars duties economic Egypt enacted England erty exact exempt exercise existing expenditures experience export extent fact favour Federal Government fiscal France gallons imports imposed income tax increase India indirect industry interest Ismail Pasha labour land tax legislation Legislature levied limited manufacture Massachusetts ment mortgage nature officials opinion opium owner paid payment personal property poll tax population power of taxation practically principle profits protection question real estate real property recent recognised regarded rent respect result revenue rule statute Supreme Court system of taxation tariff taxa taxation in France taxation in India taxing power taxpayer tion trade Treasury United States Supreme wealth
Popular passages
Page 71 - Behold, Lord, the half of my goods I give to the poor; and if I have taken anything from any man by false accusation, I restore him fourfold.
Page 337 - And at such meetings every male inhabitant of twenty-one years of age and upwards, having a freehold estate within the Commonwealth, of the annual income of three pounds, or any estate of the value of sixty pounds...
Page 271 - The result is a conviction that the states have no power, by taxation or otherwise, to retard, impede, burden, or in any manner control the operations of the constitutional laws enacted by Congress to carry into execution the powers vested in the general government.
Page 551 - It must be conceded that there are such rights in every free government beyond the control of the State. A government which recognized no such rights, which held the lives, the liberty, and the property of its citizens subject at all times to the absolute disposition and unlimited control of even the most democratic depository of power, is after all but a despotism. It is true it is a despotism of the many, of the majority, if you choose to call it so, but it is none the less a despotism.
Page 232 - The theory of our governments, State and national, is opposed to the deposit of unlimited power anywhere. The executive, the legislative, and the judicial branches of these governments are all of limited and defined powers.
Page 435 - ... all men are created equal; and are endowed by their Creator with certain inalienable rights; and that among these are, life, liberty, and the pursuit of happiness...
Page 275 - The right to tax the contract to any extent, when made, must operate upon the power to borrow before it is exercised, and have a sensible influence on the contract. The extent of this influence depends on the will of a distinct government. To any extent, however inconsiderable, it is a burden on the operations of government. It may be carried to an extent which shall arrest them entirely.
Page 274 - ... property. That anterior to the formation of the Constitution, a course of legislation had prevailed in many, if not in all, of the states, which weakened the confidence of man in man, and embarrassed all transactions between individuals, by dispensing with a faithful performance of engagements. To correct this mischief, by restraining the power which produced it, the state...
Page 226 - It is admitted that the power of taxing the people and their property is essential to the very existence of government, and may be legitimately exercised on the objects to which it is applicable, to the utmost extent to which the government may choose to carry it.
Page 301 - Have Congress a right to raise and appropriate the money to any and to every purpose according to their will and pleasure? They certainly have not.