Page:Popular Science Monthly Volume 25.djvu/51

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—In the estimate for 1843, the figures assigned to Schedule A are only those of lands and tithes and houses to correspond with the existing Schedule A: and the figures of Schedule D include mines, quarries, railways, etc., now in Schedule D. An estimate is also made of the totals for Ireland, based on the returns of 1854, the total gross income under all the schedules thus estimated being about £30,000,000.

This estimate may be summarized as follows:

Thus a very large part of the increase of the income-tax income in the last forty years is not an increase of the income from capital at all in any proper sense of the word. On the contrary, the increase in the income from capital is only about two thirds of the total increase. This increase is, moreover, at a less rate than the increase of the capital itself, as appearing from the probate-duty returns, a point which deserves special notice. The conclusion, therefore, is, that the working-classes have not been losing in the last fifty years through