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Updated: June 8, 2025
To the Senate of the United States: The inclosed report from the Secretary of State and subjoined documents are transmitted to the Senate in compliance with their resolution of 25th April last, requesting information concerning the number of free taxable inhabitants who are not freeholders in certain States and Territories of the Union. John Quincy Adams. Washington, December 15, 1828.
ARTICLE II. Taxes upon Profit, or upon the Revenue arising from Stock. The revenue or profit arising from stock naturally divides itself into two parts; that which pays the interest, and which belongs to the owner of the stock; and that surplus part which is over and above what is necessary for paying the interest. This latter part of profit is evidently a subject not taxable directly.
Harland broached his favorite topic, and ventured the assertion that now that I was the possessor of taxable property I would become as rabid a single-tax advocate as Henry George himself.
Speaker, that statement is an absurdity upon its face, or it implies that in some way we have the power to make some persons not resident of the United States pay the taxes that we impose. I insist that you do not increase the taxable wealth of the United States when you tax a gentleman in Illinois and give the benefit of that tax to a gentleman in Maine.
The terms of reference were "to inquire into the financial relations between Great Britain and Ireland and their relative taxable capacity." The following extract will serve to show the conclusions of the Commissioners:
The committee pointed out that at the taxable rate of 1 per cent the city was, in that way, being cheated out of the sum of $225,000 or $300,000 a year.
If you don't mind and will let me get through it will save time, and then questions can be asked and answered. Last year the rate of interest on all taxable property was one dollar and twenty-five cents per one hundred dollars. This year, Mr. Councilmen, if you really love Yorkburg, you will raise it to one dollar and thirty-five cents.
Publius Sempronius in a small engagement was vanquished by Hannibal, but later overcame the latter in turn: Livius and Nero, having become censors, announced to those Latins who had abandoned the joint expedition and had been designated to furnish a double quota of soldiers, that a census of persons taxable should be taken; this they did in order that others, too, might contribute money, and they made salt, which up to that time had been free of tax, taxable.
With the assignment of adequate salaries the so-called notarial extra official fees, which our officers abroad are now permitted to treat as personal perquisites, should be done away with. Every act requiring the certification and seal of the officer should be taxable at schedule rates and the fee therefor returned to the Treasury.
In other words, whoever has a good roof over his head, or wears good clothes, man or woman, idler or industrious, noble or commoner, is available for the prison or the guillotine, or, at the very least, he is a taxable and workable serf at pleasure; his capital and accumulations, if not spontaneously and immediately handed over, form a criminal basis and proof of conviction.
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