Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1862-06-25
WEDNESDAY. JUNE es. 1902.


The New Tax Law.
The final passage of the tax bill by both
house of congress introduces to the country
one of the most interesting measures ever
brought before it. 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-first, licenses for certain
pursuits; second, taxes on manufactured ar
ticles and products; third, income duties (;
fourth, stamp duties.
l. Some of the principal classes who are
required to take out annual licenses are hotel
keepers, who are taxed from So to 5000, as
the rental of house and property occupied
varies from 500 to $4,000; bankers, thea
tiers, and wholesale liquor dealers, 800 each !;
brewers from $25 to $50; brokers, circuses,
pawn brokers, and wholesale dealers, $50 !;
auctioneers, jugglers, and retail liquor deal
ers, $40; peddlers from So to 500; apotheca-
ries, confectioners, dentists, lawyers. manu-
facturers, eating houses, livery stables, pho
tographers, physicians, retail dealers, tobac-
conists, and several other classes, $40 each :;
billiard tables and bowling alleys, for each
table and alley So.
.. The tax on manufactured articles or pro-
ducts is to be paid by manufacturer or pro-
Queer on their respective sales. Manufac-
lures, not otherwise specified, of brass, cop
per, iron, steel, silver, lead, gold, glass, wood
cotton, leather, india rubber, paper, silk, tin,
and many other materials in common use are
taxed per cent on the entire value of the
manufactured articles. There are a great
variety of manufactured articles and products
subject to special taxation. Carriages pay
from 81 to $40 as their value ranges from $75
to 5000; cigars from 81 so to SO, so per 1000;
confectionery l cent per pound; cotton 1-2
cent per pound; distilled spirits, first proof
20 cents per gallon; Illuminating gas from 3
to Is cents per 1000 cubic feet as the manu-
facture varies from 100000 to 100000 feet
animal oils ? cents per gallon; umbrellas
per cent; snuff II cents per pound; soap
from mill to 2 cents per pound; tobacco
from to Is cents per pound. Books are not
AOSol uCu DIS IlliluldCluIS, anu NdIlOuS OlllST
articles of convenience or necessity are ex-
empted, being sufficiently taxed in the mater
ials of which of which they are made, or 9TH
erwise.
3. The annual income of every person,
when exceeding $500, and not exceeding
$1,000, pays per cent ON the excess over the
former amount, . per cent when the income
exceeds $4,000; IL per cent when it ex-
ceeds $4,000. Legacies exceeding 800 in
value, are taxed from 70 cents to S. varying
with the degrees of relationship which the
legatee bears to the person bequeathing the
legacy. Property passing by will or by the
laws of any state or territory, to husband or
wife of the person who died possessed of the
property, is exempt from taxation. Adver-
tisements are assessed 3 per cent on receipts
over $1,000; insurance companies 3 per cent
on all dividends; interest and profits, per
cent on income from 5000 to $4,000, and 5
per cent for larger income.
4. The articles exposed to stamp duties are
innumerable. Contracts for the hire, use, or
rent of lands or houses, are assessed from 80
cents to 81 each; brokers' notes, memoranda
of sales, stocks, bonds, notes of hand, &C.,
&C., 10 cents each; conveyances from 81 to
500, as the value Of the property conveyed
varies from 800 to $4,000, and $50 for
every additional $4,000. Patent medicines,
including alternatives, anodynes, aromaticS.
balm of thousand flowers, and all sorts of
cordials, essences, electuaries, elixirs, and
panaceas, from l to cents per package as
the cost varies from % cents to 81, and
cents additional for each so cents or fractional
part thereof over 81. Bills of exchange pay
from cents to 81 as the payment varies from
500 or less to $1,000, and increases proper
tionally; bills of lading from to 10 cents;
bonds for surety 80 cents; certificates of
stock 25 cents; of profit from 10 to 20 cents;
of deposit from to 8 cents according to
amount; of any other description 10 cents;
deeds 81; legal documents, writs, or other
original processes so cents; letters of admin
istration from so cents upwards; promissory
notes on demand cents, on time from to 20
cents for sums varying from $500 or less to
$25O0, and % cents for each $500 addition
al probate of wills from so cents to $40 and
upwards receipts for exports from to 10
cents and many other things which we shall
publish in full as soon as certified copy is
received.
The act goes into operation on the LIST of
August next, and the date fixed for it to cease
is 1866. The income tax will become due on
the LIST of May, 1868, and will be levied on
the income of the preceding year. The other
taxes commence when the act goes into oper-
alton. The patriotic purpose for which they
are all to be paid will take from the visits of
the tax-gatherer much of the unwelcome
character which has from time immemoral
attended them.
SoUARING THE REBEL Books AFTER THE
BATTLE OF FAIR CAUSE.-THE Richmond cor
respondent of the Charleston Mercury, in a
report of the battle of Fair Oaks, dismally
sums up the account as follows =