The weekly north Iowa times. [volume] (McGregor, Iowa) 1857-1867, 1865-04-05

600, then 500 has to be paid for license ;
and for every 81 geo over thct amount, So.
or course, all the money thus paid has to
come from the pockets of tho community
Of large. tN
= Its easi;r, however, to appreciate the
length to which taxation has to be carried,
by looking at specific articles. Awnings
for shop windows pay G-per cent. al valo:
rem cotton bags, 6 per cent; benzole and
benzo!ne, zoe per gallon !; coal oil, 2Oc per
gallon; crude oil, 81 per barrel; books, 5
per cent al 0aLoEeala bottles containing
medicines, from one cent. to four cents
each, astheir scpntents vary in value from
Csc to 75c, besides heavy tax on patent
medicines !, tanned calfskins, 5 per cent. !;
newspaper advertisements, per cent. !;
printed cards, s per cent; bill.heads, per
cent; printed circulars, ) per cent; clocks
and the movements Of clocks, per cent;
cotton umbrellas, per cent; cotton fabrics,
per cent; gas from 12c to SOC per / 900
cubic feet, according to quantity made !;
gloves per cent, and so on adj infaitum.
In estimating income for taxation, per-
sons are allowed to deduct the amount Of
the national aud State, municipal taxes
from their profits or salaries. People with
a less income than 5000, and between that
amount and $4,000, have to pay out of it
5 per cent to the Government, and on any
excess over $4,000, 10 per cent. But it
must be borne ia mind that all dividends
have to pay a separate 5 per cent, and that
all businesses Of over 5000 have to pay
from 3 to 8 per cent. of the value Of the
articles sold in excess of that sum, besides
license fees and stamp duties OH almo
every imaginable sort Of paper Then
comes the onerous tariff on all imported
goods, and finally there are the municipal
and State taxes. r. 2" = aA7 81
Of these two latter We have no word to
say. We have no means Of knowing what
the total municipal and State debts may
amount to, but when we recollect the enor-
nous sums raised to procure substitutes,
the large amounts voluntarily paid to the
mencement OF the war, for the purpose of
carrying it on, together with ths sums owing
before, we think we are warranted in say.
ing that to the upwards Of $4,000 100000
Of national debt, a very large sum must be
added. OF course this involves local taxa.
ton, equally onerous with that sanctioned
by Congress +- ' Is, 'st a..
The greA- sacrifices the people of the
United States voluntarily, almost Oh thnsi-
astically, make for the preservation of their
Government, enlist the admiration of even
their bittercst enemies. = Bat it were vain
to conceal the fact that the great financial
trial has yet to come. The immense issues
of irredeemable currency have created an
artificial prosperity, which, by anticipating
the resources of the future, hide for the
present the real extent of the loss which
the nation has suffered by the war. But
when trade resumes its .wonted course,
when the extraordinary government ex-
penditure comes, then will the day of real
trial come, then viii it be found that the
taxation needed to meet the requirements
of the debt which has been created, will
prey upon the very vitals of the nation
Most glad are we that we shall have no por.
ton Of the burden to bear. Ta's