Papers and Proceedings of the ... Annual Meeting of the Minnesota Academy of Social Sciences, Volume 1Academy, 1908 - Social sciences |
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amount assessment districts assessors average rate bankers banks basis blocks borrower burden capital cent citizen classes of property Clayton county companies consideration constitution corporations court credits and money Dane County deeds duty equal erty fact franchises front foot gages Grant County gross earnings Hennepin County increase intangible value interest rate investigation land sales legislature lender levied loans Marinette county market quotations Massachusetts ment Michigan Minn Minneapolis Minnesota Minnesota legislature moneys and credits mort mortgage registration tax owners paid Paul real estate pay taxes payment pays the tax personal property practically Prof prop property tax railroad property Ramsey county rate of interest ratio real estate mortgages realty registers of deeds revenue road sales method secured stocks and bonds tax rate taxable theory tion total true value true cash value value per front warranty deeds wealth Wiscon Wisconsin
Popular passages
Page 25 - If the right to impose the tax exists, it is a right which in its nature acknowledges no limits. It may be carried to any extent within the jurisdiction of the State or corporation which imposes it, which the will of each State and corporation may prescribe.
Page 27 - Taxation is eminently practical, and is, in fact, brought to every man's door, and for the purpose of deciding upon its validity a tax should be regarded in its actual, practical results, rather than with reference to those theoretical or abstract ideas whose correctness is the subject of dispute and contradiction among those who are experts in the science of political economy.
Page 125 - The general property tax as actually administered is beyond all doubt one of the worst taxes known in the civilized world.
Page 184 - It puts a premium on dishonesty and debauches the public conscience; it reduces deception to a system, and makes a science of knavery; it presses hardest on those least able to pay; it imposes double taxation on one man and grants entire immunity to the next. In short, the general property tax is so flagrantly inequitable, that its retention can be explained only through ignorance or inertia.
Page 54 - ... uniform rule of taxation for such property as shall be assessed by a state board of assessors, and the rate of taxation on such property shall be the rate which the state board of assessors shall ascertain and determine is the average rate levied upon other property upon which ad valorem taxes are assessed for state, county, township, school and municipal purposes.
Page 28 - Taxes proper, or general taxes, proceed upon the theory that the existence of government is a necessity; that it cannot continue without means to pay its expenses; that for those means it has the right to compel all citizens and property within its limits to contribute...
Page 185 - The system is a farce, sham, humbug (Assessors' Report, 1879, p. 23). [The general property tax is] a reproach to the state, an outrage upon the people, a disgrace to the civilization of the nineteenth century, and worthy only of an age of mental and moral darkness and degradation, when the "only equal rights were those of the equal robber" (Assessors
Page 20 - The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the least possible amount of hissing".
Page 125 - The General Property Tax," p. 52, says : Practically the general property tax, as actually administered to-day is, beyond all peradventure, the worst tax known to the civilized world. * * * It puts a premium on dishonesty and debauches the public conscience. It reduces deception to a system and makes a science of knavery; it presses hardest on those least able to pay. It imposes double taxation on one and grants immunity to the next. In short, the general property tax is so flagrantly inequitable...
Page 51 - Deduct from the above amount, that is to say,' total income,' as an annuity properly chargeable to capital, a certain per cent of the appraised value of the physical properties. " 3. From this amount should be deducted rents paid for the lease of property operated and permanent improvements charged directly to income. The remainder would represent the surplus from the...