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It may easily be imagined that this was a fruitful cause of dispute between the lord and his serfs. "But the most glaring act of injustice under the old system was that all the taxes were paid by the session-holding peasantry, while the nobles were privileged and tax-free. They absolutely contributed nothing to the revenue of the country in the way of direct taxes!
He also engaged to let him hold the country free from tribute, and that they should dwell entirely without paying such customs as used to be paid, and gave it him tax-free. The Babylonian was reduced by these offers to come hither; so he took possession of the land, and built in it fortresses and a village, and named it Bathyra.
My budget again includes tax-free family savings accounts; penalty-free withdrawals from I. R. A.'s for first-time homebuyers; and, to increase jobs and growth, a reduced tax for long-term capital gains. I know their are differences among us about the impact and the effects of a capital gains incentive.
Returning to the early part of the tenth century, the historian may affirm that the salient features of the era were virtual abrogation of the Daiho laws imposing restrictions upon the area and period of land-ownership; rapid growth of tax-free manors and consequent impoverishment of the Court in Kyoto; the appearance of provincial magnates who yielded scant obedience to the Crown, and the organization of military classes which acknowledged the authority of their own leaders only.
In pursuance of his policy of special benevolence towards religious institutions, Yoritomo exempted the manors of temples and shrines from the jurisdiction of high constables. Thus military men were not permitted to make an arrest within the enclosure of a fane, or to trespass in any way on its domains, these being tax-free.
My budget again includes tax-free family savings accounts; penalty-free withdrawals from I. R. A.'s for first-time homebuyers; and, to increase jobs and growth, a reduced tax for long-term capital gains. I know their are differences among us about the impact and the effects of a capital gains incentive.
From the time that Italy was practically tax-free and the army was substantially formed by enlistment, the register of those liable to taxation and service lost in the main its significance; and, if disorder prevailed in the equestrian roll or the list of those entitled to the suffrage, that disorder was probably not altogether unwelcome.
"This peculiarity of the Constitution made it the interest of the Crown to preserve the area of the tax-paying peasant-land against the encroachments of the tax-free landlord. It often happened that on the death or removal of a peasant-holder the lord would choose to absorb the session-land into the allodium, which, being tax-free, resulted in a loss to the imperial revenue.
It is argued that this drives great incomes to evasion by investment in tax-free securities, which is probably true. We need more comparative figures than the Treasury statistics yet show to answer this point. In any event, relief to the earner would free his savings to invest in taxable securities and we need above all things to stimulate the initiative of the saver.
Decision about employment or activity in the immediate future, was one thing that couldn't be dismissed. And announcements, beamed from the Moon, emphasized it: "Serenitatis Base, seventeenth month-day, sixteenth hour. Plastics-chemists, hydroponics specialists, machinists, mechanics, metallurgists, miners, helpers all are urgently needed. The tax-free pay will startle you.
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