Page:Popular Science Monthly Volume 51.djvu/791

Rh Equally popular and plausible is the argument by which this assumption, and the administrative system based upon it, is upheld and defended. "Is not all property," it is asked, "either directly or through its owner, protected by the state or sovereignty?" "Do not all persons owe allegiance to the state?" And if so, "why should not all persons and property contribute to the requirements of the state for revenue in proportion to their ability?"

But, popular and plausible as are the arguments and assumptions for such a system of taxation, which, in the case of the United States, has been made operative under State, municipal, and local governments over the persons, property, and business of over seventy millions of people, and fortified by a vast amount of adjudication, it will require but little investigation and

 1. A poll tax shall be assessed on every male inhabitant of the Commonwealth above the age of twenty years, whether a citizen of the United States or an alien.

2. All property, real and personal, of the inhabitants of this State, not expressly exempted by law, shall be subject to taxation.

3. Real estate, for the purpose of taxation, shall include all lands within this State and all buildings and other things erected on or affixed to the same.

4. Personal estate shall, for the purposes of taxation, include goods, chattels, money, and effects, wherever they are, ships and vessels at home or abroad, money at interest, and other debts due the persons to be taxed more than they are indebted or pay interest for, but not including in such debts due any loan on mortgage of real estate, taxable as real estate, except the excess of such loan above the assessed value of the mortgaged real estate, public stocks and securities, bonds of all railways, including street railways, stocks in turnpikes, bridges, and moneyed corporations, within or without the State, the income from an annuity, from ships and vessels engaged in foreign carrying trade, and so much of the income from a profession, trade, or employment as exceeds the sum of two thousand dollars a year; but no income shall be taxed which is derived from property subject to taxation.

The statute exempts from taxation the property of the United States and of the State; of the literary, benevolent, charitable, and agricultural institutions or societies incorporated within the State; all property of the common school districts; the household furniture of every person not exceeding one thousand dollars in value, and wearing apparel; farmers' utensils, not exceeding three hundred dollars in value; houses of religious worship; mules, horses, and neat cattle less than a year old; swine and sheep less than six mouths old; and "the polls and estates of persons who by reason of age, infirmity, and poverty are unable to contribute fully to the public charges."

"No ship or vessel, unless actually engaged in foreign trade, or in part undergoing repairs, shall be deemed to be engaged in such trade."

The statutes of the State of New York to the same effect are more concise, but equally comprehensive. They provide:

1. "All lands and all personal estate within this State, whether owned by individuals or by corporations, shall be liable to taxation, subject to the exemption hereafter specified.

2. "The term ‘personal estate’ and ‘personal property’ shall be construed to include all household furniture, moneys, goods, chattels, debts due from solvent debtors, whether on account, contract, note, bond, or mortgage, public stocks and stocks in moneyed corporations; they shall also be construed to include such portion of the capital of incorporated companies, liable to taxation on their capital, as shall not be invested in real estate."