274 BEPORT— 1881. 



all incomes undei* 150Z. a year, and probably many incomes up to, and 

 exceeding that amount, though not sufficiently regular or certain, or 

 centred in the head of the family, so as to come within the range of the 

 income tax. 



The annual values of property and profits assessed and charged to 

 income tax in the year ended April 5, 1880, were as follows : — ■ 



Schedule A. Lands, messuages, &c. . 

 „ B. Occupation of lands 

 „ C. Funded debt, Foreign and 



Colonial funds 

 „ D. Trades and professions 

 „ E. Public offices . . 



Income of non-income-taxpayers : lower, 

 middle, and working classes 



But these different branches of income are not all derived from inde- 

 pendent sources of production, or from the production, in each case, of 

 uew utilities. The income from interest in the British funds, represents a 

 simple transfer from the nation to the fundholder within the same. The 

 same remark applies to the income assessed for salaries for public officers 

 under Schedule E. And Schedule D likewise comprises a large portion 

 of professional incomes, which really constitute the expenditure of other 

 classes. The difference between the amount assessed and the amount 

 charged to income-tax arises mainly from the abatements made of 120Z. 

 on small incomes and allowances for life assurance. It is the amount 

 assessed, therefore, that represents this portion of the income of the 

 nation, which in the method suggested will stand as follows : — 



Income 

 £ 



Schedule A 185,000,000 



„ B 69,000,000 



„ C 19,000,000 



D 222,000,000 



495,000,000 



In like manner, the income of non-income-tax payers is subject to the 

 same distinction. The wages of soldiers and seamen, and of labourers in 

 the Royal Dockyards, the wages of domestic servants and gardeners, the 

 salaries of a large proportion of teachers, and of clergymen, amounting 

 in all to upwards of 80,000,000?., cannot be considered as independent 

 incomes. Adding these sums, the results are as follows : — 



Total Income 

 £ 



Income-tax paying 495,000,000 



Non -income-tax paymg 420,000,000 



915,000,000 

 ' The remaining 27,000,000?. represents professional incomes. 



