...s'écroule devant ces phrases immortelles que je pour(i) » The subjects of every state oughttocontribute » towards the support of the government , as nearly...abilities, » that is , in proportion to the revenue which they » respectively enjoy » 1 1 The tax , which each individual is bound toy> pay, onght to...

...principles of taxation in these well-known words : — ' TheSubjects of every ' State ought to contribute to the support of the Government as ' nearly as possible...abilities; ' that is, in proportion to the revenue which they respectively ' enjoy under the protection of the State. In the observation or ' neglect...

...into the mode in which a property and an income tax should be assessed. I. Dr Smith lays it down, that the subjects of every state ought to contribute towards the support of government, ' as nearly ' as possible in proportion to their respective abilities ; that is, * in proportion...

...taxation. Adam Smith, in his Wealth of Nations, defines the principle of taxation as follows: — " That the subjects of every state ought to contribute towards...possible, in proportion to their respective abilities," and this proposition must be admitted. To determine therefore, the character of a new tax, we have...

...following maxims with regard to taxes in general. 1. The subjects of every state ought to conlribu^f towards the support of the government, as nearly as...abilities ; that is, in proportion to the revenue which they respectively enjoy under the protection of the state. The expence of government to the individuals...

...necessary to premise the four following maxims with regard to taxes in general. ] . The subjects of fcvery state ought to contribute towards the support of the...respective abilities ; that is, in proportion to the revemie which they respectively enjoy under the protection of the state. The expense of government...

...they are objects of taxation. It was not only a. wise but a profound assertion of Adam Smith, " that the subjects of every state ought to contribute towards...respective abilities, that is, in proportion to the revenue which they respectively enjoy under the protection of the state. The expense of government, to the...

...particular taxes, it is necessary to premise the four following maxims with regard to taxes in general. 1. The subjects of every state ought to contribute...abilities ; that is, in proportion to the revenue which they respectively enjoy under the protection of the state. The expense of government to the individuals...

...general, to which, according to Adam Smith, all taxes should conform. The four maxims are as follow : 1. " The subjects of every state ought to contribute...possible in proportion to their respective abilities. 2. " The tax which each individual is bound to pay ought to be certain and not arbitrary. 3. " Every...

...particular taxes, it is necessary to premise the four following maxims with regard to taxes in general. I. The subjects of every state ought to contribute towards...abilities ; that is, in proportion to the revenue which they respectively enjoy under the protection of the state. The expense of government to the individuals...