FOREST TAXATION IN THE UNITED STATES 443 
TAX ON INDUSTRIAL AND COMMERCIAL PROFITS 
The tax on industrial and commercial profits is payable only on the 
peat made on industrial or commercial enterprises operated in 
rance. 
The rate of this tax is progressive, being calculated from a schedule 
beginning with a total tax of 22.5 francs for a profit of 800 francs or 
less, 45 francs for a profit of 801 to 1,500 francs, and continuing 
progressively to 50,000 francs. Above 50,000 francs the total amount 
of the tax is 15 percent of the profit, any fraction of the latter under 
1,000 francs being neglected. 
TAX ON AGRICULTURAL PROFITS 
The tax on agricultural profits is imposed on the income derived 
from the working of land by tenant farmers, or by the owners them- 
selves over and above the income the owners would derive from 
their properties if they merely leased them. 
As a general rule, the tax is based on a profit which is calculated 
arbitrarily at five-fourths of the income in respect of which the land is 
assessed for the land tax. In thecase of arable land, the arbitrary agri- 
cultural profit is equal to 150 percent of the rental value of the land. 
Before the tax rate is applied, every taxpayer is entitled to deduct 
from his taxable profit 500 frances for his wife, for every member of 
his family working and living with him, and for every dependent 
relative. The tax is payable only on the amount by which the tax- 
able profit, less the above deductions, exceeds 2,500 francs. Further, 
for the purpose of assessment, that portion of the profit which comes 
between 2,500 and 4,000 franes is reckoned at a quarter of its value, 
and that portion which comes between 4,000 and 8,000 francs is 
reckoned at half its value. The rate of tax is 12 percent. 
TAX ON SALARIES, ALLOWANCES AND EMOLUMENTS, WAGES, PENSIONS, 
AND ANNUITIES 
The tax on salaries, allowances and emoluments, wages, pensions, 
and annuities is assessed at the taxpayer’s place of domicile and is 
paid annually on the salaries, allowances, etc., received during the 
previous year. 
As a general rule, the tax is assessed on the basis of the particulars 
(names and addresses of recipients of taxable income and amount of 
such income) supplied to the administration by employers, heads of 
enterprises, and persons responsible for the payment of pensions or 
annuities. 
The rate of the tax is 10 percent, but there is an exemption of 10,000 
francs, in addition to deductions for wife, children, and dependent 
relatives. Also, amounts below 40,000 francs are subject to frac- 
tional deductions. 
TAX ON PROFITS FROM NONCOMMERCIAL OCCUPATIONS 
The profits subject to this tax include income from the liberal 
professions (medicine, law, public functions, offices, etc.), professional 
income other than that derived from industry, trade, agriculture, 
public functions, and private employments, and, generally speaking, 
profit from any remunerative occupation or operations not subject 
to any other schedular tax. The tax on profits from noncommercial 
occupations is assessed at the place where the occupation is carried on, 
and according to the circumstances existing on January 1. 
