Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1862-07-03
THE NEW TAX LAW.

The tax bill which has so long been pending
at Washington, has finally passed both houses,
and will doubtless be approved by the presi-
dent. 1t goes into effect August 1st, and is to
continue four years. The income tax will be-
come due on the 1st 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 for the as
SCISSORS is So per day, and commission of 81
for each 100 names furnished by them TO the
collectors. An assessor with 10000 taxable
persons in his district, might receive about
$1,000 for his time, and $500 for his commits
sions. There will be several of these $4,000
officers.
The taxes imposed are of four classes, and
helm lividual who is not affected under one head
or another, must be very ingenious or very un
fortunate. The classes incude-first licenses
for certain pursuits second taxes on man.
ufactured articles and products; third, income
duties fourth, stamp duties These are cpl
tomized by the Worcester Spy, as tQllows;-
/. Some of the principal classes who are re-
uuired to take out annual licenses are hotel
Keepers who are taxed from 50 to 5000 as the
rental of houses and property occupied varies
from 800 to $l0,000 bankers, theaters, and
wholesal liquor dealers 800 each; brewers
from $25 to $50; brokers, crcuses, pawn
BROKERS, and wholesale dealers, 500; auc-
oneers, jugglers. and retail liquor dealers, $50
peddlers from So to 500; apothecaries, con-
ieclioners, dentists, lawyers, manufacturers,
eating houses livery stables, photographers,
physicians. retail dealers, tobacconiss, and
several other classes, $40 each billiard tables
and bowling alleys, for each table and alley 50.
g The tax on manufactured articles or pro-
! ducts is to be paid by the manufacturer or pro-
ducer on their respective sales. Manufactures
not otherwise specified, of brass, copper, iron
steel, silver, lead, gold, glass, wood, cotton
ather. india rubber, paper, silk, tin, and many
other materials in common use are taxed pei
cent on the entire value of the manufactured
articles There are a great variety of manu-
featured articles and products subject to specia
taxation. Carriages pay from 81 to $40 al
their value ranges from $40 to 5000 cigars
from 81 90 to $50 per 1000; confectionery
cent per pound cotton IL cent per pound
distilled spirits first proof, 20 cents per gallon
Illuminating gas from to 10 cents per lOOC
cubic feet as the manufacture varies from 800,
600 to 100000 feet; animal oils cents pei
gallon umbrellas 5 per cent? snuff II cent
per pound soap from mill TO 2 cents pc
pound; tobacco from to IL cents per pound
Books are not regarded as a manufacture, AM
various other articles of convenience or neces
sity are exempted, being sufficiently taxed ii
the materials of which they are made, or other
wise.
8. The annual income of every person. whe
exceeding 5000, and not exceeding Sl0,0oC
pays 3 per cent on the excess over the forme
amount 8 per cent when the income exceed
$4,000; 1-2 per cent when it exceeds 800
900. Legacies exceeding 800 in value al
taxed from 75 cents TO s., varying with the dt
gree of relationship which the legatee beal
to the person bequeathing the legacy. PROF.
erty passing by will or by the laws Of an
J state or territory, to husband or wife of tt
! person who died possessed OF the property,
exempt from taxation. Advertisements al
assessed per cent on receipts over Sl00Oj il
surance companies per cent on all dividends
interest and profits 3 per cent on income frot
= 5000 to $4,000, and per cent for larger il
come.
f. The articles exposed to stamp duties al
innumefable. Contracts for the hire, use.
rent of lands or houses, are assessed from
d cents to 81 each brokers' notes, memorant
!. of sales stocks, bonds, notes Of hand &c, NJ
d 10 cents each conveyances from 81 to $40
!, as they value the property conveyed varies fro
lie 800 to S50,000, and $50 for every addition
$4,000. Patent medicines, including alter
tives, anodynes, aromatics, balm OF thousar
flowers, and all sorts of cordials, essences, c
le ectuaries, exirs, and panaceas. from to
cents per package as the cost varies from
+ cents to 81, and cents additional for each
cents or fractional part thereof over 81. Bill
of exchange pay from cents to 81 as the pa
ment va les from 800 or less to $1,000, al
increases proportionaly bills of lading frc
to 10 cents; bonds for surety 90 cents; &c
M M tificates of stock % cents; OF profit from 10
en- 25 cents of deposit from to cents accor
IN IN ing to amount of any other description
II cents; deeds 81; legal documents, writs,
ii other original processes 80 cents; letters
81 81 administration from 80 cents upwards; pro-
al, isory notes on demand cents, on time from
all to 25 cents for sums varying from 5000 or Il
eS to $500, and % cents for each $500 addilic
al probates of wills from 80 cents to $40 u
upwards; receipts for exports from to
cents.