The Tax-Loaded Britons

25%

Pacific Press Publishing Association · Mountain View, California · Jun 2, 1914

FromSigns of the Times, Vol. 41, No. 21.

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The Tax-Loaded Britons

LLOYD-GEORGE'S new budget increases the tax nearly thirteen per cent upon the largest incomes. All persons with an income of eight hundred dollars or over a year are subject to this tax. Inheritance tax on estates begins at one per cent upon those amounting to five hundred dollars; and the rate continually rises, under the new law, until twenty per cent is charged against the largest estates.
It is said that this new budget is very popular because of the extra heavy tax on the wealthier people. $21,000,000 is provided to help some of the smaller towns and villages that are in distress, so that they may, as is asserted, "avoid bankruptcy."
The wastes of war, old age pensions, and the helping of the poor are among the things calling for this increased taxation. England is struggling in the face of superhuman problems.