51 
PROPOSED NEW INCOME AND PROPERTY TAX. 
Estimated uniform rate of one halfpenny in the pound on 
the capitalized value of all incomes : — 
CLASS. 
Income 
per Year. 
No. of 
Years 
Value. 
Capitalized 
Value. 
Income and 
Property Tax, at 
One Halfpenny in 
the Pound on 
Capitalized Value. 
£. 
£. 
£. 
s. 
d. 
Labourers and Workmen 
50 
6 
300 
0 
12 
6 
Clerk 
100 
6 
COO 
1 
5 
0 
Ditto 
300 
6 
1,800 
3 
15 
0 
Salesman 
500 
0 
3,000 
6 
5 
0 
Attorney 
000 
7 
4,200 
8 
15 
0 
Surgeon 
000 
7 
4,200 
8 
15 
0 
Shopkeeper 
400 
8 
3,200 
0 
13 
4 
Manufacturer 
1,000 
10 
10,000 
20 
16 
8 
Merchant 
1,000 
10 
10,000 
20 
16 
8 
Owner of House Property 
1,000 
15 
15,000 
31 
5 
0 
„ Railway Stock or 
Mortgage 
1,000 
25 
25,000 
52 
1 
8 
,, Land Farms 
1,000 
30 
30,000 
02 
10 
0 
,, Government Consols 
1,000 
30 
30,000 
62 
10 
0 
,, Annuity for Life ... 
1,000 
15 
15,000 
31 
5 
0 
„ Church Living for 
Life 
1,000 
12 
12,000 
25 
0 
„ Army or Navy Ap- 
pointment 
1,000 
10 
10,000 
20 
16 
8 
„ Civil or Military 
Pension 
1,000 
8 
8,000 
16 
13 
4 
Mr. Chadwick proposed to apply this scheme by imposing 
a tax sufficient to raise twenty millions, and to repeal the 
following existing duties, and impose only a nominal duty, as 
in the case of corn. 
Customs Duty on Tea — producing £ 5,300,000 
Ditto Sugar — ditto 6,000,000 
Ditto Coffee — ditto 500,000 
Ditto Other Articles ditto 1,800,000 
Excise Duty — Paper 1,100,000 
Fire Duty 1,800,000 
£16,500,000 
Amount of Income Tax for 1858, at 6d. ... 6,600,000 
Total Taxes to be Repealed £23,100,000 
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