The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1864-12-01
Taxation here and in Europe.

Mr.. PETERS compares our burdens with those
oftbe Austrans for instance There the stamp
duty on agreements Of stock companies where
labor and capital united would on capital
Of 100000. S6l5: in the United States it would
be five cents per sheet OF the articles Of agree
ment. If the capital were million, the
stamp in Austria would cost So, 250; here only
five cents per sheet. Appeals from lower to
higher court there from 80 so toss, here but
fifty cents. Bills of sale for goods over 81, in
value pay there duty of five sixteenths of one
per cent on the value; here but five cent
stamp. Bills of sale for personal property pay
there fve-eights Of one per cent; here five
cent stamp.-Bonds for payment of money to
order cost three and one eighth and if to bear
err, six and q larter times as much as here.
Mortgage bonds pay more than twelve and
half times the duties levied in the United
States. Coupons, also require to be stamped,
which is not the case with US An inland bill
of exchange pays duty here. if for $4,000, So
in Austria $685. The renewal of promis-
sorry note with US So, in Austria S3l, % for the
same value. Powers of attorney taxed in
Austria at a rate which in many cases would
duty levied here on mortgages.
The Austrian land tax amounts to sixteen
per cent Of the net.products of all land in the
empire! In addition to this, consumption tax
is levied-on cattle over one year old, for in
stance, 1894 per head and city tax, addition
al, of SO cents per head on such cattle; all 9TH
err produce is taxed in proportion. There is
next "house tax of 241s per cent. from the
rental for repairs; then there is a stamp duty of
five sixteenths of one per cent. leases; and
an income tax paid by the landlord upon his
receipts Of rent. Manufacturers pay license
of from 81 to S7S7 80. for which here SloAre
paid, wholesale dealer pay $50 here, and from
1857, so to s787, so there; retailers SO here.
and from $50, so to 1928 there; intelligence Of
fees SO here and from S2G. % to Sl52,5O
there.
Salt is monopoly of the government in
AUSTRIA it is sold by the government to the
people at a profit of over FIVE hundred and
eighty eight per cent Tobacco is also mo-
nopoly of the government and is sold to The
people at q profit of from one hundred and
twenty to three hundred per cent.
Thus it appears that the Austrans met on
every hand by high taxes and monopolies, bear
. far higher burden than we, and in time of
peace, and with country not nearly rich
added in Austria. war tax when the coun-
try is at But let US compare our tixes
to those paid by John Bull.
The British stamp duty on leases amounts
to ten per cent. on the rental; ours is forty
times less. A young lawyer pays in England
during his stu dent years and with four years
practice six hundred dollars and thirty six cts;
with us the smsperiod, fifty dollars and TWEEN
five cents. The indentures Of an appren-
tice pay five cents per sheet stamp duty here:
in England from four dollars aud eighty six
cents to two hundred and ninety-o dcilars and
seventy eight cents. Probate Of wills costs in
England for property under 50 $40, $40 81; with
US 81 %. To secure patent in England for
14years costs 1851; here patent for 17Syears
costs S35. The tax on male servants under is
is 4$254. over Is $50; on dogs OF all kinds.
$3.50; neither are taxed here. The hcence tax
on whisky with US is 81 90 per gallon, in Eng
land, 81. 50 per gallon; on beer VITA US. 81 per
barrel; in England. 81 IL per barrel Here the
General Government levies no direct tax on
real estate; in England all real estate of what
ever description pays q heavy direct tax. The
English people pay . tax upon tea OF two hun
dred per cent. upon its prime cost in China; and
upon tobacco Of seven hundred per cent. upon
IS cost The inland revenue yields in Enslrnd
hree-and six-tenths times As much as ours. this
is fair measure OF the relative burden OF tax.
alton upon the two nations.
In France everybody is taxed. and heavily at
that. A thrifty mechanic pays sl4, 20 per
mum, . cook, $1,000; small retail shop-keeper
or street vsnder. 1870; stevedores anfothsrs
in Ike occupation 81 "a; shoeblacks, and others