Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1862-07-04

The tax bin which has so long been pend
ing at Washington, has finally passed both
houses, and will doubtless be- approved by
the president ltg goes into effect August lst,
and is Go continue four years The income
tax will become due on the lst Of May, 1868,
and will be levied on the income Of the pre-
ceding year. The other taxes commence when
the act goes into operation The compensa-
tion for the assessors is s. per day, and a
commission Of 8 for each 100 names fur
nishod by them 20 the collectors. An asses
sor with $4,000 taxable persons in his dis-
trict. might receive about S 500 for his time,
and $500 for bis commissions. There will
be several of these $4,000 officers.
The taxes imposed are of four classes, and
the individual who is not affected under one
head or another, must be very ingenious or
very unfortunate. The classes include-hrst,
licenses tor certain pursuits second, taxes
on manufactured articles and products third,
income duties fourth, stamp duties. These
arc opitomizod as follows :--
l. somc oi tho principal classes who required Goo
take Out annual licenses trc hotel kocpcr who tax
i from - tn @O, as tae rem al 0 houses and property
occupied ,arcs FROM sl00 to s0010 bankers ueates,
and wholesale liquor dsalgrs sllo ca-hi hrowcrs funi
80 90 so brokers cfcuscs, pavnorokers' aud whole
sale dealers 500 auctonecIs, lugter' aud retail I-
qu9r dealers, $50 peddcrs from - to so apothcca
ue, TONERS dentists, lawyers, Manufacturers eat
inE h'u.e' livery stables, photographer rhv.ioians r.
a dealers tobaceousts aud several other classes $40
each billiard tables and bowling alleys, ior each table
% The tax ou manufactured ARTICLES or products is TO
hr paid uy mtuua.ufcr producer thrir respective
sales Mauuftrlres, NOT Otherwise specified, ot brass,
''.0,I ln'' f'un'r. nNp't' '.+' il ana mnn} oih'r
materials in common use taxed per cent on the
rcn variety of manufactured articles aud products sub
lrot t1 special taxation Carriages pay from - Co $40
as ihcr value ranges from $40 tu sllp, cigars from
SLOW tl $500 per lUlu cutigclnuc} cont per pound
cotton ~ cent per pound distilled spirits FIRST proof
-l cents Uer gallon, Illuminating from t0 D. cents
nor lHUI cubic frct A. tho manufacture varies f-1m
500 300 90 - oolo0fcet animal oils cents per gall
ion; umbrellas per cents snuff u cents per pound
soap from mill to conis per pound tobacco from 90
ID cents per pound. Books are not regarded man
uactute and various other articles Of convenience OF me-
ccssly exempted, being sufficiently taxed in the
teriais Of which they 're made or other"isc.
t The annual income of every person. when exceeding
5000 and not exceeding $1,000 pays per cent on he
excess over c former amount per cent when thc in
come exceeds $1,000; ~ per cent when It exceeds
$4,000. Lcgacies exceeding slO1 in value are taxed
om IS ccpt. So varying with to degree Of relation
Shin which thc asattc baars 90 thc person beoucathinr
hc legacy Property passing hv win by the laws of
any state 1r territory by husband wife Of the person
who died possessed 0f tlc property, i8 exempt from tax
Ceipt over -VOo insurance companies per cent on a
dividends interest and profits, per cent income
from S 20 $1,000. and per cent for larger income.
T. lac articles exposed tu stamp duties atr iunnmeru-
able Contracts for the hire, use, rent Of lands
houses, assessed from 1l cents 81 each; brokers
notes. memoranda of sales, stocks bonds notes OF hand,
NC., &c. 10 cents each cnuveyauces from 81 20 800,
the value oi the property conveyed varies from Sl0l
20 $4,000 aud so Tor every additional $1,000 Patent
medicines, including alternatives, anudyucs, arOmaucs,
balm NJ thousand flowers and all OF c0rdals,
senccs. cccuArics, oliXrs, and pauaccas, from 30
cents per package the cost varies from 2j cents ST.
and cents additional for each 80 cents fractional part
thereof over ST. Bills % exchange pay from cents TO
ST as Che payment varies from Slpl or less 70 $1,000,
and increases propartnnaily bills Of adng from 20
Do bonds for surety so certificates Of stock
70 ceus o profit from 10 90 25 Of deposit from
90 cents according 10 amount u amy other descrp
ton 10 cents deeds 81 legal documents, wrts, 9TH
original proceHcs 30 cents letters OF administration
FROM 90 upwards promissory notes demand
cents time rom to 2j cents Tor ya ing from
$500 less $500, and % for each $500 addi
uoual probate of wills from so cents $40 and up
wards receipts for exports from to 10 cents.