terling would have defrayed all her annual expenses of
war and government within each year. * The following is taken from Dr.
Price's state of the taxes of England.
An account of the money drawn from the public by taxes, annually, being
the medium of three years before the year 1776.
Amount of customs in England 2,528,275 L.
Amount of the excise in England 4,649,892
Land tax at 3s. 1,300,000
Land tax at 1s. in the pound 450,000
Salt duties 218,739
Duties on stamps, cards, dice, advertisements,
bonds, leases, indentures, newspapers,
almanacks, etc. 280,788
Duties on houses and windows 385,369
Post office, seizures, wine licences, hackney
coaches, etc. 250,000
Annual profits from lotteries 150,000
Expense of collecting the excise in England 297,887
Expense of collecting the customs in England 468,703
Interest of loans on the land tax at 4s. expenses
of collection, militia, etc. 250,000
Perquisites, etc. to custom-house officers, &c.
supposed 250,000
Expense of collecting the salt duties in England
10 1/2 per cent. 27,000
Bounties on fish exported 18,000
Expense of collecting the duties on stamps, cards,
advertisements, etc. at 5 and 1/4 per cent. 18,000
Total 11,642,653 L.
But this not being the case with her, she is obliged to borrow about ten
millions pounds sterling, yearly, to prosecute the war that she is now
engaged in, (this year she borrowed twelve) and lay on new taxes to
discharge the interest; allowing that the present war has cost her only
fifty millions sterling, the interest thereon, at five per cent., will
be two millions and an half; therefore the amount of her taxes now
must be fourteen millions, which on an average is no less than forty
shillings sterling, per head, men, women and children, throughout the
nation. Now as this expense of fifty millions was borrowed on the hopes
of conquering America, and as i
|