The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1864-12-22
Annual Report Of the Commissioner Of Inter.
asylu nal Revenue. ..r.-. ~.

The act of July LIST 1862 and its Supplements |
considerably exceeded the estimates Without
the amendment increasing the tax on whiskey
from twenty to sixty cents per gallon the Iaa /
would have reduced at least Sl0O, DOC 900. he.
! ing $50 900 900 more than the estimate of tho
Secretary of the Treasury, and SIS 600 coo he
| yond the Rinin um stated in the Secretary's re
lport. - n;
H. MONTHLY RECEIPTS. 1891 Jt-
| The following figures show the monthly re.
ceIpts SINCE May list, 1863, prior to which mol
&C q ate account has been kept; ida fl nt
May, 1853 $40 3 sos % Dec, 1853. SO O94 sol 0,
june 1853. ASS al 9y jan, 1854. 9 III, 765 Is
July, 1865, 5,49s 967 ls feb, 1854 1885 81 s.
August, 1853 1914 400 50 March. 1854 s. ;49.95l
Oct, 1888 s 5ll, 76s q May. 1sj4.. ~ OBS 4o2 Il
Nov, 1863. g53 9s3Os June, 1854. l4o94 S66 n
| The Commssoner expresses The opinion thai
the law asst stood June 29Ih, 1854 would have
yielded $l23 900 0U0 fur the cur enT fiscal year
The act June 30th 1864 has not thus far proved
more productive than he law it repeated This |
is owing TO several causes. In some kinds OF |
production the stock accumulated was large
| aud considerably beyond the Immediate demand !
The price of raw cotton has advanced since july
| while the market value of manutactu red articles
for time suffered r1arked decline, from which
hey have not yet wholly recovered Tie in
crease OF taxes moreover, always has the effect
| 10 decrease temporarily, production, and t.
AGATE The activity OF inland trade: Tne reve.
nue. was as follows:
August ......... ....... ........$l5 Tl2,o65 81
September ,............ 1850 IL ~
October ...............t. :. 13,625 $50 IA
These receipts however, do nor represent th,
| average receipts which may be reasonably ex
I peced Tor the remaining eight months Of the
| fs,'al year.
| The sic ok on spirits uD hand in July has beer
considerably ieduced, aud additional sup
| ply viii soon be needed for the demand The
| same Llay be said of tooacco. 5.tasT0
10 minis do 70 bnu,
sons on which he POUNDS his opinions as to the
revenue for the current year. i'-i
-t THE INCOME TAX ''.'t
| 1t appears that the amount of income tax col.
lecfed last year was $-3 ,656.n33 80. He believes
| thie figure to represent pretty fairly what levy
of&hree per cent. under the provisions of the
late law would produce. Ha ....ss4..f l.ts
On this basis he figures S34. 9S6, 0352l as the
amount which five yer cent. lax would yield.
Ia some respects th- estimate he says, will nor
be main aned but The whole he elieves
the produc under the tint resolution levying
special tive uel cent. on incomes of 1863 Will NOT
| be less than $4,000 600,
L. el Tx ON SPIRITS. ,....
| 5sApprehens ons that G, n2te.s may at the com
ing session reduce tine tax upnn the stock IL
aand, are exercising an untavurabe influence on
production, though consumption CUES on at the
usual rate Ii those engaged in manu- ,acturei
and sale efspHiss were satisfied of the permau~
Iency of the law. and the market would not be
excited by the subject in Congress, the business
would SOM find its prooer channels. The cony
missioner protests earnesf y and at length againSt
frequent changes in any law and adds shat it won d
have been better to impose The whole additiona,
duty at once on spirits rather than at dfferen
periods; for the indu cement to accumulate stock
to await the operation OF the additional duty AZ
once on the first of January still operates and
If the prospect OF market warrants al early,
Resumption of distillatlon the maj ket will be
stimulated into activity again for short period
i to be followed by corresponding period of old
| epression. This Inevitable effect OF irIegu lar-
| taxation might be avoided by imposing the adj
ditinnal tax at once instead of pos poning it six
ty>four days; but on TIE whole, the Commits
sloner ubmits that IL would be as well that il be
ishaefstiudbv she Country that thesex pression OF
he wiz Of Congress in The last act Is final NJ.
4 article made constitutes iairer suhject OF ex
else and none tnal viii produce 80 much reve.
aoe with so little saff ring to the tax PAYERS II
| h law shall remain Ms introduced as TO iherate
OF tax he estimates that we shall realize not less
| than $40. 000,00O within the remaining seven
months OF this fiscal Year from spirits, and
double that amount in the course of the mex
| year. taas ..a
ESTIMATES. h.0I
The aggregate receipts for the months of July.i
| August. September, October and November are
S75, OBS, 8S9.l IL Taking all things into considers
arion the Commissioner believes the receipt exs
elusive OF he S4O,00O0JO from the spirits and
! The ${5 COS 000 from special war ak Oh inc0Tner
| If 1868 will not be less than lis 400 600 +: or All
aggreg ale of $266,0 ,0Ge as the revenue from
excise for the year ending June Both. 1865.
Wlth Some changes 10 the administrative parts
of the law, he believes it viii yied in the YEN
endi lg june 9TH. 1866. the sum Of $500 .0C010s
The product for the present year falling SIS
900 600 short of the $500 Geo 900 demanded b.,
| The SecTetarVs arrangement, the Commj, sionsr
| recommends a tax on sales, as a permanent
arrangement but as a temporary expedenr
TAX ON SALES ID 43si
| Figures from various authorities are SUPP orfed
oy an extended argument the cuncIusti,n oi
which is that the amount Of sales of merehah6ist
and products i'll year will he about eleven
| lhou sand millions lou, 900. COCOON which =
lax of Que half of one per cent will produce
| fny five millions of dollars holl9l
| This tax of onebalf of one pes cent. ongsales
| Of merchandise produce and other articles OF
traffic except real estate, stocks, securities for
money, cnin or bullion, already provided for, I,
20 inio operation in lime 10 embrace the transac
tons OF January next, ana to continue tor on'
lyear, will supply within the current fiscal year
| the gi enter part Ct what will be needed 10 maxi
up the total yield 81 excise to the three hundrtd
million dollars required and will within tht
calendar year, uuCer conditions of trade abG
business ordinarily favorable produces The WHO'D.
bnlance and surplus sufficient 10 secure The
treasury against the recurrence at the end o
| he fiscal year OF 1866 of deficit SIMILAR l.
nat tor viii IT is Necessary now TO pvnvide.
He then argues that this method oil supplying
he deficiency is preferable to direct tax. m
Ipplemental income tax, t..f....,.,,..
THE TOBACCO TAX. u. ...t..i,t
The Commissioner then states at length
tho difficulties encountered in attempting
to execute the provision of the law which
imposes duties on cigars and concludes
that change in this part Of the law is impes
atiyely demanded, and suggests that an i'd
untorem scale be adopted He adds however
that it appears question well worthy OF
consideration whether it he not advisable to
tax the whole tobacco product in the Leaf.
BY the adoption of such a measure, frauds
can be more readily guarded against than
now, and the annoyances to which the man
ufacturer is necessarily subjected by an ETH
Gent scheme of assessment and collection
will be obviated. A duty on the leaf ac
companed by an I'D 0aLorem duty reduced
below the present rates. would answer a
good purpose and by lessening the telnpta-
ton to evasion, would facilitate cole ction;
Either measure would be an improve nent
upon the present law. The Conlniss Toner
adds that there is general concurren CO of
opinion moug collectors and assessors in
these views.
.-f,....- COAL AND CORN. FL
It is show thai an effe ct of the tax OH
mineral Goals has been to enc ourage the
importation of coal from Nova Scotia, whence
err under the reciprocity treaty, it comes
free of duty, The Commissioner suggests
that if the tariff on coal was made to apply
to coal imported from the British provinces
as it would on revision of the treaty ~
" ould secure the market to our own produ-
GERS aud add to the revenue Of tue govern
meut. as.t ~
Numerous facts and arguments are ad
dressed to show that large amount 81 IN,
ldiau corn is shipped To Cauada, free OF duty
of course, under the reciprocity treaty there
4 distilled and sent back Ia the form IT spIr