This is especially true with regard to
municipal taxation.
NATIONAL FINANCIAL SYSTEM
The revenues of the general government are derived chiefly from
customs duties and secondarily from miscellaneous minor sources. There
is no direct tax on land. Prior to 1904 the revenues fluctuated
according to the state of tranquillity of the country, being usually
something less than $2,000,000 per annum, but immediately upon the
establishment of the American receivership in April, 1905, they went
up rapidly. The increase has continued steadily and the government's
annual income now amounts to over $4,500,000.
The proportion of revenue calculated from the various sources has
fluctuated but little in the different budgets. The proportions
appearing from the budget of 1916 are here shown, as well as those of
the budget of 1910, at which period the interior revenues were
administered with less leakage.
Per cent of total
1910 1916
Customs duties........................ 77.
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