JB/003/153/002

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20 May 1807

Supplem. II. Contents II.

I. Amount Rate of this
Income
Tax.

II. Classes particularly
subjected to it

III. Bankers ()
profit.
1. Profit Per Contra Profit by Encrease
of National Wealth
2. – by Saving
on War Loans
3. – by keeping
up price of Land

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1
Instances showing
the effect of this indirect
tax upon
fixed incomes. p. 1

2
Assumed amount of
the addition to money
by the issues of Aº1800
Bank paper (from
the ) 1,500,000
Country do (assumed) 1,500,000
Together 3,000,000
Deduct Security Fund 1,000,000
Remains 2,000,000
x 3 for
velocity = 6,000,000
Income of 1799 £216,000,000
Together 222,000,000

2(a)
Security Fund supposed
to be over-rated

3
£6000,000 being
the 1/36th of 216,000,000
each particular fixidé income
will, for want
of such encrease of
1/36 in quantity
lose each year
1/72 in value. p. 2.

4
In 36 years the
indirect tax on it will thus
amount to 50 per
Cent. p. 3

5
In 7 years (Aº1807)
to 10 per Cent – the
maximum of the Income
Tax. p. 5.

6
The first year to
1/72 being more than
the minimum of Do
viz: 1/120th. p. 3

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7
There are single
Banks by each of
whose accumulated
Issues (£150,000 neat)
the indirect tax
thus will be
nearly equal to 1/10th
of the whole year's
tax imposed by paper
issues (Bank
& Country together)
as above: – and
p. 4

8
– and to nearly
1/3 of the direct
Income Tax at
its minumum
rate. p.4
1/360 = 1/120 ÷ 3
1/360 = 1/36 ÷ 10

9
The aggregate of
Country Bankers
issues for personal
expences at £500
a year per Bank comes
to exactly a tax
of 1/360 per Cent
upon Income. p. 5.

10
Further topics
for consideration
p. 6.

Identifier: | JB/003/153/002 "JB/" can not be assigned to a declared number type with value 3.
Date_1	1801-05-20	Marginal Summary Numbering
Box	003	Main Headings	manual of political economy
Folio number	153	Info in main headings field	alarm
Image	002	Titles
Category	rudiments sheet (brouillon)	Number of Pages	2
Recto/Verso	recto	Page Numbering
Penner	jeremy bentham	Watermarks	1798 am
Marginals		Paper Producer
Corrections		Paper Produced in Year	1798
Notes public		ID Number	1563
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