THE INCOME TAX.
The income tax was a graduated income tax beginning with persons having
on income one thousand dollars a year and above what they laid out in
improving their property. All persons whose income was less than one
thousand dollars paid no income tax. The tax was one per cent. on one
thousand dollars, the rate increasing with the amount of income up to
fifty thousand dollars a year, when it was fifty per cent., leaving the
owner twenty-five thousand dollars, and for all incomes over fifty
thousand dollars a year the surplus over twenty-five thousand dollars
went to the Government and as a result of this wise policy there were
no Jay Goulds or J. D. Rockefellers in Eurasia. All money received from
land and income taxes went into the District Fund for the expenses of
the district and schools, and building and maintaining of good,
macadamized roads, for every district had a rock crusher from which the
roads were supplied with broken stone at a trifling expense to the
district.