JB/003/113/001

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1 Novr 1800

In the case of To those comprized in the first class, the rise in question
is as to the whole amount of it a tax. Understand I mean
as far as hardship is concerned: for the benefit of
a tax – that benefit the obtainment of which is the final cause and
the present the sole justification of this immensely burthensome class of measures
is altogether wanting. It is a tax of which the produce
is squandered and lost, no part of it coming
into the Exchequer.

From a very instructive document in my possession† † See, I
am inclined to look upon £50 per Cent as
being in round numbers as likely to fall short
if as to exceed the average addition wealth has accrued to the expence of living
– the average rise of prices – the average depretiation
of the value of money – the average amount of the
rise of prices that has taken place within the compass
of what has already elapsed of this present reign.
This at any rate is what I will assume, for the
purpose of enquiry merely, for simplicity of conception
and calculation: should it in whatever degree it may upon an accurate examination
be found erroneous and requiring correction,
it will serve at any rate as a standard of comparison
to which the corrections may be applied.† † Give afterwards a plan for an exact estimate.

How grievous be the burthen the ofa tax on income
to no more than 10 per Cent is but too universally
felt: a tax not to be endured without abatement it was supposed
by an income less than £200 a year, and
therefore softened down as low as 1/120th till it comes
to incomes of £60 a year, at which mark it stops
altogether

Identifier: | JB/003/113/001 "JB/" can not be assigned to a declared number type with value 3.
Date_1	1800-11-01	Marginal Summary Numbering	3-5
Box	003	Main Headings	manual of political economy
Folio number	113	Info in main headings field	paper mischief
Image	001	Titles
Category	text sheet	Number of Pages	1
Recto/Verso	recto	Page Numbering	e3
Penner	jeremy bentham	Watermarks	1798 a<…>
Marginals	jeremy bentham	Paper Producer
Corrections	jeremy bentham	Paper Produced in Year	1798
Notes public		ID Number	1523
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