A SIMPLE PROGRESSIVE TAX. F153 
Fig. 2. 
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0 1000 2000 3000 4000 5000 6006 7000 8000 9000 10000 11000 12000 13000 14000 15000 
Taxable Income in Pounds. 
It may also be remarked that, in the schedules which I 
have put forward, the Composite Incomes—that is, incomes 
derived partly from personal exertion and partly from 
property, and these must be a large proportion of the 
incomes on which a tax is levied—have a treatment similar 
to that which they receive in our New South Wales State 
Income Tax. The earned income is taken first, and taxed 
as in Schedule I; the income from property is taken next, 
and counted under Schedule II as beginning at the place 
at which the other income ends. 
