Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1862-07-01
The New Tax Law


The tax bill which LAS 50 long been pending
at Washington has finally passed both houses
and will doubtless be approved by she President
1t goes into effect August lst, and Is 10 continue
four years. The income tax will become due on
the lst OF May, 1868, and Will be levied on the
income OF the preceding year. The other taxes
commence when the act goes INTO operation.
The compensation tor the assessors is S5 DEL
day and a commission OF Sl Tor each 100 names
furnished by them to the collectors A n assess-
or with 90 900 taxable persons in his dsttict,
might receive about $500 for his time and 500
for his commissions There will be several Of
these $1,000 officers.
The taxes imposed are OF four classes, ana Tic
individual who is not affected under one head Or
another, must be yery ingenious or very uni0g.
tunate The CLASSES incude-first, licenses for
certain pursuits second, taxes on manufactured
articles and products third, income dutie.
fourth, stamp duties. These are epitomzed Az
follows
!. some oil the principal classes who are re-
qurei to take Uut annual licenses are hotel
keepers, who are taxed from IS to ) 200, az the
rental OF houses and property occupied varies
from 500 TO 100000 bankers, theaters, and
wholesale liquor dealers 500 each brewers
from $25 TO $50 brokers, crcuses. Iawnbro-
kers aud wholesale dealers $50 aucrIunp-.rs
juggers and retail liquor dealers, SO ped.
ulcrs from - 10 $40 tpothecaries, coniecton-
crs, dentists, lawyers, manufacturers, eating
houses, livery stables, photographers, physicians
retail dealers, tobaccOnists. and several other
classes $40 each billiard tables and bowling
alleys, for each table ana alley So
,. The tax on manufactured articles Or pro-
ducts Is to be paid by the manufacturer u pro-
ducer On their respective sales Manu- facturts
not otherwise specified Ot brass, copper, iron
steel, silver, lead gold, glass, wood, cotton
leather, india rubber, paper, silk, tin, and many
other materials Ia common use, are taxed Der
cent on tho entire value OF the manufactured ar
ucles. There are great variety VI manuias-
tured artic es and products subject TO special
taxation. Carriages pay from 81 TO Sl0 m
their value ranges from $40 To 5000 cigars
from 81 80 To $3.50 per 1000 confectionery /
cent per pound; cotton IL cent per pound
distilled spirits, first proof, 20 cents per salo0
illuminating gas from to 10 cents per 1000
cubic feet, AS the manufacture varies from 800
900 TO 5,OOO,O0O feet; animal oils cents Der
gallon umbrellas per cent snuff II cents
per pound soap from mill 10 cents Der
pound; tobacco from 3 to Is cents per pound
Books are not regarded as d manu- iaeture, and
various other articles OF convenience or ne.s4-
slty are exempted, being sufficiently taxed IA
the materials Di which they are made, or other
wise.
j. The annual income OF every person. when
exceeding S6tO, and not exceeding SO, ,0Js,
pays per cent on the excess over the former
amount, per cent when the inc me excse,ja
SlO,O0O; IL per cent when it exceeds $50
900. Legacles exceeding 800 in value are
taxed iro'n - cents 10 80, varying with the
degree ol relationship which the legatee bears
10 the person bequeathing lhe legacy Prop
erty passing by will or by the laws Of any state
or territory to husband or wife OF the person
who died possessed ol the property. is exemps
from taxation. Advertisements are assessed J
per cent on receipts over $1,000 insurance COM
panles per cent on all dividends, interest and
profits, per cent on income from 5000 to 80
900, and per cent for lager income
t. The articles exposed To stamp duties asc
Contracts for the hire. use, or
rent OF lands or houses, are assessed from 50
cents to 81 each brokers' notes, memoranda
Ot sales, stocks. bonds, notes OF hand, &c &c,
10 cents each conveyances from 81 10 500,
as he value Of the property conveyed varies
iiOiu Y StNu w '~ou,uNV, anu T-u iOr every alJl-
tional 10000. Patent medicines, including
Alternatives, anodynes, aromatics, balm ol a
thousand flowers, and all sorts OF cordials, es.
sences, electuaries, elixirs, and panaceas, from
to / cents per package as the cost varies from
% cents to 81, and , cents additional fer each
30 cents or fractional part sbcrecl over ST. Bil!s
Dt exchange pay from cents to 81 as the pay
nent varies from 500 or less TO $1,000, ana IN
'reases proportonally; bills of lading from 8
to 10 cents; bonds for surety so cents cern6.
'ates OF stock % cents; OF profit from 10 To %
cents; ot deposi, from to 5 cents according
10 amount OF any other description 10 cents
leeds 81 legal documents, wriIs, or other orig
nal processes so cents . letters of ADMINISTERS
lion from SO cents upwards; promissory notes
IN demand cents, on time from to 25 cen1
or sums varying from $500 or less to S25oO,
md 25 cents for each $500 additional probate
't wills from 80 cents to 80 and upwards; re-
'eipts for exports from to 10 cents.