Marked development of, in recent years Development noticeable in democratic government. 48 48 Is the "Product of Modern Democracy," as now under- 49 Rates and exemptions under United States laws (table). 53 Economic theories for (See Economic Theories)... 59 Constitutionality of laws for, in general 54, 61-64 58, 66, 67-70 87 258 INSTRUCTIONS- To assessors regarding credits 91-93 On municipal indebtedness and taxation. See Municipal 262 LOCAL ASSESSMENT— Valuation according to, by counties, 1899-1902 (tables) 26-33 34-35 MASSACHUSETTS, mortgage taxation in (See Appendix). 143-144 MCCREA, R. C., description of ad valorem railroad taxation by MICHIGAN- Mortgage taxation in (See Appendix). Judicial ruling in, as to taxing corporate stocks.. MILEAGE- 161, 162 143-144 MORTGAGES- Not different from other credits in economic considera- ..... Not the only credits to be considered .... Taxation of, in various states (See Appendix). MUNICIPAL TAXATION (Chapter XI). (See Municipal Accounting.) Constitutes the chief tax burden of the people...... Inadequacy of limitations on municipal debts and taxa- Uniform accounting essential to reform in. Statistics, municipal and other taxes, 1891-1901...... Importance of subject of local taxation.. MUNICIPAL ACCOUNTING (See Municipal Taxation).......... Uniformity in, essential to reform in taxation... Law for uniform accounting recommended Uniform accounting in other states NEW JERSEY, mortgage taxation in, (See Appendix)... PAGE. 118 136 143-144 248-257 248, 254 249 249, 254 250-251 251-253 253, 254 254 254, 255 255-257 250-251 249, 254 254 254, 255 255-257 143-144 149 NEW YORK, policy in, as to taxing corporate stocks.... 148-149 NET EARNINGS, of railroads. See Income from Operation. ONE MILL TAX. See School Fund Income. OPERATING EXPENSES, of railroads....... 192, 205, 206-209, 213 OREGON, mortgage taxation in, (See Appendix) 143 PENNSYLVANIA, policy in, as to taxing corporate stocks.. 149 PLEHN, PROF. CARL C.- Investigations of, in California Statistics by, as to shifting taxes on credits.... On interest rates in California and adjoining states.. 125 128, 131 132 PRIMARY RATE, of proposed inheritance tax law.. PAGE. 73, 82 PROBATE FEES- In Wisconsin Law of 1899 imposing, not an inheritance tax.. PROGRESSIVE RATES, in proposed inheritance tax law.... PROPERTY- Credits are not, in economic consideration 56 57 58 76, 79 116 71 PROPOSED INHERITANCE TAX LAW (See Inheritance Tax.) Essential principles 72 Transfers of real estate (A new feature) discussed..... 77-87 .... 77-79 Assessment of, by state board, recommended... 182 259 RAILROAD COMMISSIONER'S views of, on gross earnings tax .... 172 Inadequacy of general property system for. Franchises as element for separate taxation. ...... 152 152 152 152 153 Table showing methods of, by states and territories. 154 158, 160 Ad valorem methods most prevalent License fee method, in what states employed.. Ad valorem methods described Apportionment of values under ad valorem method The Wisconsin system ... Liberal policy in Wisconsin, during formative period.... 162, 163 159 159 160-162 162 162, 163 Land grants and other aids Subject requires prompt settlement Requires careful and impartial investigation Three principal systems or methods now in force. (1) Gross earnings; (2) Net earnings; (3) Ad valo- Gross earnings method now exists in Wisconsin.. Gross earnings method restated and discussed.. Judicial history of, in Wisconsin Discrimination between classes of property (See Classes of Property.) Assessment by a state board recommended ..... Requisite powers and duties of such board outlined Assessment by state board, constitutional Judicial opinion on same question Revenue produced by, 1882-1902 (tables) RAILROAD VALUATION- |