Εικόνες σελίδας
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Ηλεκτρ. έκδοση

another section which shall provide ter worthy of consideration, I may say for the imposition of a tax as follows: Five per cent. on estates of $1,000,000 and less than $2,000,000.

Ten per cent. on estates of $2,000,000 and less than $3,000,000.

Fifteen per cent. on estates of $3,000,000 and over.

This proposed amendment does not in any manner affect estates of less than $1,000,000, but it does aim at a material increase in the tax paid by very large estates. It will be a matter of interest to show what the effect of such a law would have been, if it had been in force during the past three years.

that from 1879 to October first last, $823,534.51 were expended for committee expenses, exclusive of contested election cases, as is shown by the following table:

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paid under

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law.

amended law.

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Real and Personal Property.

property and the State and local taxes

The table given below shows the ag- for each year from 1846 to 1895, gregate valuation of real and personal

inclusive.

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STATEMENT showing the amount of property exempt from taxation in the various counties in the State, taken from the returns of the local assessors of the several towns and cities.

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Total.

376,650 $581,178,701

9,000

151,950

362,061 213,900

5,745

4,000

1,800

$31,671,521

$12,913,310 $229,268,105 $61,630,411

$184,761,444 $53,987,184 $683,903 $6,457,703 $49,805,120

This report does not include the exempt property in the city of Utica and the towns of Ava, Bridgewater, Forestport, Verona and Westmoreland in Oneida county; Fayette and Varick in Seneca county, and Ulster in Ulster county.

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