...condensed, in substance, as follows: " First. — The subjects of every state ought to contribute to the support of the government, as nearly as possible, in proportion to the revenue which they enjoy under the protection of the state. " Second. — The tax which each subject...

...become classic." These maxims are as follows: 1. "The subjects of every state ought to contribute to the support of the government, as nearly as possible,...respective abilities; that is, in proportion to the revenue they enjoy under the protection of the state." 2. "The taxation which each individual is bound to pay...

...Smith's leading maxim of taxation: 'The subjects of any Si&te ought to contribute towards tie rapport of the Government as nearly as possible in proportion...; that is, in proportion to the revenue which they rapactively enjoy under the protection of the State.' But it may k objected that, practically speaking,...

...These maxims are as follows: 1. "The subjects of every state ought to contribute to the support of tr1e government, as nearly as possible, in proportion to...respective abilities; that is, in proportion to the revenue they enjoy under the protection of the state." 2. "The taxation which each individual is bound to pay...

...with Dr. Smith's real intention, we shall still find this much-quoted maxim far from satisfactory : " The subjects of every state ought to contribute towards...proportion to the revenue which they respectively enjoy." But is the ability of two persons to contribute necessarily in proportion to their respective revenues...

...shall, then, still further improve Dr. Smith's maxim if we cut away all after the first clause : " The subjects of every . state ought to contribute...possible in proportion to their respective abilities." The maxim as it stands is unexceptionable, but does not shed much light on the difficult question of...

...We shall, then, still further improve Dr. Smith's maxim if we cut away all after the first clause : "The subjects of every state ought to contribute towards...possible in proportion to their respective abilities." The maxim as it stands is unexceptionable, but does not shed much light on the difficult question of...

...by the founder of that school, Adam Smith : " The subjects of every State ought to contribute toward the support of the government as nearly as possible in proportion to their respective abilities." ' This is the view that has received the widest acceptance. It has been adopted by Sismondi,2 Thomas...

...unnecessary burdens.1 Taxation should be equal ; by which is meant that the subjects should contribute toward the support of the government, as nearly as possible, in proportion to their respective abilities.2 Equality of taxation is not attained by taxing all alike irrespective of their condition....

...Smith's well-known maxims of taxation declares that " The subjects of every State ought to contribute to the support of the Government as nearly as possible...respective abilities ; that is, in proportion to the revenues which they respectively enjoy under the protection of the State." Mr. JS Mill, in quoting...