444 MISC. PUBLICATION 218, U. 8. DEPT. OF AGRICULTURE 
In principle the tax is assessed every year on the net profits for the 
previous year. In the case, however, of literary, scientific, and 
artistic work, the income from which is not received annually, the 
taxable profit may, at the taxpayer’s request, be assessed by deducting 
from the average income for the last 5 years the average expenditure 
for the same years. ‘Taxpayers who adopt this method of assessment 
for any 1 year cannot, however, change the plan in subsequent years. 
The rate of the tax is 12 percent, but there is an exemption of 10,000 
francs, and amounts below 40,000 francs are subject to fractional 
deductions. 
GENERAL IncoME Tax 
In addition to the schedular income taxes enumerated above, the 
national taxes include a general income tax Gmpdét général sur le 
revenu) which is an essentially personal tax levied on the total income 
of the taxpayer from all sources. The rates of this tax are progressive. 
A landowner may pay this tax either on the schedular incomes 
assessed on the estimated basis for the land tax oi on his actual 
income. In the former case he is allowed a reduction of 25 percent 
for expenses on income from real estate; in the latter he can deduct 
his actual management costs, including the direct and ‘‘assimilated”’ 
taxes. 
The fraction of the income which, after the deduction of certain 
allowances for personal status and for family expenses, exceeds the 
sum of 10,000 francs is taxed. The current (1933) tax rates appli- 
cable to taxable income vary from 1.33 percent for the fraction of this 
income which does not exceed 20,000 francs to 33.83 percent for the 
fraction of the income which exceeds 550,000 francs (159, p. 89). 
REGISTRATION TAXES ON TRANSFERS 
Outside of income taxes, the most important national taxes from 
the viewpoint of forestry are the registration taxes on transfers. 
Taxes of this nature are listed in table 128 with the receipts from each 
in 1926. It will be noted that the two most important of these taxes 
are the transfer taxes on sales of real property and the inheritance 
taxes. 
TABLE 128.—Revenue from registration taxes, France, 1926 ! 
Millions } Thousands 
Item of frances | of dollars 
Transfers: 
On a valuable consideration: 
Personal property: 
SOCULIETES Oy oe ee INC IN BE TL Uae LE On ee ner Ee Ve COE a Rd oe eR 983 38, 500 
Personal debts, annuities, State offices (créances, rentes, prix d’office)____ 16 600 
IBUWSIMESSES{ (£0 GS\ GE; COMIN ERC) eye ee ee ee eee nee eee a 280 11, 000 
Material, furniture, etc. (meubles corporels)_.............----..-------- 139 5, 500 
- Realiproperty and rights Co real property eee ee ee ee eee 1, 871 73, 300 
Tee: 
Bet rene NviN SppPCESON Si (COM LOTS) a ee ee ae peer a 162 6, 300 
Resulting fromGeaGhy (SUCCOSSIOMS) aoe ae 1, 653 64, 800 
Nontransferable property (taxe representative du droit d’accroissement)_____--_- 2 100 
Other contracts and civil and administrative documents______________-_______-_--- 871 34, 100 
TATA GL alo HO REA UL CVC ALLO CURTIN CT GS ese a ee ng 93 3, 600 
VITO S Ei ERE ORE aa ER ee VASE Te Sie ped SEE A Ee ee 89 3, 500 
Tax on capital insured by fire insurance companies____-____________________------- 20 800 
DONT i Oe De et SE Rot) ee eee Lit ee CS Sol ab 43 1, 700 
INDISCellam COUISHEECE LT ES seat oe aa mea a a a Se Fe, a eee 18 700 
Bo ae epee eae, ae ee ee SN Be SN eee eye Serta ie ene Aes See LAC Ee 6, 240 244, 500 
1 Sources of data: Column 2, from (243, p. 340); column 3, by computation. 
