, 1861-08-10


Measures
There are CONC Observation-Disclosures cSn.ern-
g TIE Revenue 1iN passed By Ce3gr22:. TIE
e,. !IsioE bas gro~a ont OF The ruo1icsticn
- lie c.;g;Dal H.tsc bill By lac New Yvt.s
Hs7ela il its ;ssue Of tle 5th inst. The bill
g:eSa upon by tic Ccmnaittce Of Conferences
an6 Subsequently adopted by beth branches
Ct Csrsres*. is ge1y a:HcreGt il iis.:y .,a7.ic
u1a1s. The an,en1cS Tariff bill, The D..sec:
Tux hi; and the Ilccme Ta1 BID arc al uni.
ted into Gne act. TIC excise duties ns .i:s:l.1;|
spirits and !ernacctcd :iiuors, and Ill duties
levied on watches ard carriages, were str;eE-
sn oil altogether, thereby derEiyipg tfse sa
ucnal Government os u:Ieea to twenty mi,
:icEs Q: reveisuc witch il will badly E.c;s.
The alterations Of ,.:c existing tt:;tl ar: ii It
SO E.terirg as csi::zaljy proposed. i 1:w
items. tsesiGes tee; Ersar aE;l c1i[.e. :t: .a.it
s1si ei The fec liz: AKA rr! i'll Inc .:u-; .b.:
!.1. That On cca-s!;is- SPLITS :.:.,: wines, .s
:aista :.em ICE to ts:I:y- fire fsv~ e.: t. IT,:
r:ic:ts Ct luxurr. icssti'e7 With !ea, E,;ssr
cd esfice, it Is csi2a'...:d will ::os: rs7a rev
hue e: twenty-five millions IT, a..su.u. II.
!"ys ii;sein certs l'9c l's:u:d Vi. ii: ::-.is;,
f::I-c itlr e-al:: 5.,tr-w STA ::,, r:I.- =: I
.cu:G-
1i.c d:rsct tax [: :*5,,ty 1.:l;::3E is .1:.::.:,
tt5 ~ crs all tl.3 Sts:t:; ,nl :.r::. .1s &C.
->ls-l= Essr,:s>lta:;s: :i:u's::,e':: bat It Is
:=e1=s<;. I-ly CT rt=:; estate il cas-. 10, F. i =.
=. Gc!;- mint cc;1ect5 It.
E2.1 STATE Gsss r:.1Ecn:! i given ~: su:!. j.
Ky 10 :--cr1c a1s. ee:ect IL s'la-a u: III: z.x
- :.s NJ l:ws, III 1ea; ;;rd ;c1:l,.sl i'z.isr
), Is il i:;cases AEl lau;. Stst2 :: c.lti:.sI;
&c ! 6l:c:uot C u Ear c,nt jrcal lis quot:
~heE 50 a:sumt.: aid i.aid- Tic Ssa:.. !: lis :,
si:cT: to cfi-e: against tt. lax .;;vu s14 3ua:
- Ire General Government, may cac i! for
;f7s.c:s IN efa'I1;;o: vt'1uatss rs, .nt. :.:E1:r
Tr1c=ss. Ittse Provisions are certa:r;y far
Srd lte-al.
If csze CT a5y st::c ia'iiBg to Ta5 its j,z5
io1ticn Ct the tax, Inc act puts iu c:."r.:ia1
IN StfEEive asst=s1Eent aud collection sy=-
len, with prescribed duties ard salaries, 4,
!e ilaran1att6 BY Fcdcfsl Officers uadrc II:
li;tciicn Of lie 2tcretary 0, The Tr:aeusy. Ii
;s my 1e1'atls TIA: the Government rils :,> -c-
6uced 10 the necessity Of setting in u1cticn 50
t2;e15iTe, curahsouz, a1d costly q system,
Ei-ce tvezy State Opposed TO ez=ta:n tie G 3r-
ctunent can much mere ecoaca,;cs,l7 lcgy
:nd collect tie tax, simultaneously with III
own regular 1oy;es for Slate purposes, an
or tht same valuation, ant. with i'll. szplc s,ti;
ecrs.
Tie amcuUt 2s=t.ssG Oh Illinois il S;,14;
551: aLd II collected by oar SEa:e 1nac:i:ne.,
tl=7c vii be saved $1T1 9722 learirg oal5
se74. go. This is but ene mill On 1!ie 1o,la.
Of The actual cash va1ue Of the rea; aad per
so1a!-property of tnis State. Tie Genera!
Goydnne1t VIII Erobatly owe Iiir;,is c1cu.2
to caset the first years 5:rect ttazes
The third and iast source of re:enne p:a
y;ied in the bib, is tie income tax. lie col
lection Of this is Nc: 1eti to the States. Tns
SecTefa1y of tho Treasury is authorized to ap
loint the collectors and depositors Ct lii:
money. The law excmpts all incomes tcloa
$500 <cE taxation, instead O. 5000, ss r-3
sidll n the bill which passed the House. Il
:sxes all incomes in excess CT $500 per annuu
h7se pr ct7L On the amount 0; such excee:
1t rs'ses this 10 .Gre per cent on al incomes
he'd :ad enjoyed in foreign countries, ths
rcrCACe OF which scc,ues from property in the
United States.
No class Of inccnts is cxemIt- The Office
loide-, Federal IS well IS State, Tic banker. tI,e
n1e1ehant, the lawyer, the Gc1tor, inc teae;,:r
lie clsrgymau, the clerk, the congressman. ths
e6:tor, tie farmer, the ma22ufac!1rer, the rsil
way company, the corporation OF whatever
Ind, tie owncr Ct capital payirg interest c,
profit Of Wbeteesr Eature-hey ond 1hc anla,la
.1it3aEce of $500 uer a.rUm ia taxrd tf:ree r,c,