The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1866-02-08

prosin 1900, GOO
IOs, oOO,eoo
n. t;oa,so, Is. 900, o0O
=, ~ ; DO QUO 900
From Salaries ----------- - ~, 80
q, -, .-.. 20 Ut, goo
Z ,,,, ,,,,sa . .ev9, oiU s7rs
- sssies -.... 4, On ,0Q0.---- -
From egaeies and success M ~
-IlIOS $50 GCt
Miscellaneous. receipts '66 67 III. 81, oGo, oo
Aggregate. :. 1857 ,odo,a 200
The present income of the Government.
since the commencement of the fiscal year
1866. is at the rate of five hundred millions
Der annum 1t will be seen that the Com
uissioners provide for an absolute reduction
of $l33. 600, 900, from the gross taxation
now endured by the people which would be
most certainly esteemed as great boom
The Secretary Of the Treasury in his annual
report estimates the expenditures for the
fiscal year commencing July l., 1866, at
1924. 31719I. The Revenue Commission
ers, therefore, propose a plarg that will pro
vide him with $50, 000,0UU year more
revenue than his estimates call for as peces
sary. which will furnish him with a large.
sum of spare cash with which to pay off
floating debt, and place his finances in an
easy and heaIfhfnl condition. The adopt
ton of the proposed reduction of taxation
would give relief to all classes of industry;
it would tighten up the whole load. 1t
would act on the public like pumping three
or four feet out of the bold of ship and
stopping the leaks that let the W ter in.-,
The Commission have adopted substantially
the modern English system of internal tax
alton, which has worked so satisfactorily in
that country. Nearly all taxes on manu-
features in Great Britain have been aDol-
ished 1t is proposed to do the same in
this country. They recommend that the
following reductions and notifications of
taxes, to take effect on the 1st day of July
next or sooner
/. An exemption If all incomes below
$1,000 from the Income tax and repeal of
rates above per cent on incomes over
$4,000 P
2. A reduction of the tax on distilled IL
quors from 50 to 81 per gallon,
g. a remission of all taxes now levied on
wearing apparel.
4. repeal of the taxes now levied on
pig iron(S2,40 per ton,) coal (six cents per
ton,) and crude petroleum (Sl per barrel. }
5. A repeal of all taxes now levied on
books magazines and pamphlets leaving
the present taxes on paper, leather, &c ;,
untouched
9. A reduction by one-half of the duties
now levied Oh home manufacturer gener-
ally. To fiji 4 II
Z A repeal of all taxes now levied on
repairs of engines cars, carriages, ships,
&c.
8. A repeal of all taxes embodied in
schedule A, Of the Internal Revenue Act
of last session, except those on Billiard Ia
bIes
8. A reduction of the tax now levied on
brokers' sales of Stocks, from So per 81, 600
to 81 per 81, 600
10. An increase of the tax on raw Cotton
from to 8 cents pound .
The remaining half of the taxes on do
mestic manufactures the Commissioners
recommend to lie taken off August /, IS
They also recommend such revision aud
modification of the tariff as will produce
$130,O00, 900 of revenue on an importation
of $4o0 600. 900 of foreign goods, exclusive
of the free list The present Ia, if is yield
ing a revenue of $3.50 900 900 on an iupor-
tation of 1920, 900, 900 of durable goods
excluding. the free list 1t will be seen,
therefore that they propose reduction Of
duties on imports TO correspond in some de-
gree with the abatement of internal taxa.
ton, A reduction of public burdens, such
as proposed by the Commissioners, would
be felt as a great relief to the whole coun
try, now staggering under the tax OF FIVE
hundred millions year. AS the toll
taken from the fruits of industry to support
the Government will be much smaller there
will remain the more meal for the owner
Of she grist to carry home The laboring
man will get more for his money without
submitting to an abatement on his wages
The cheapening of all articles of necessity
and utility by this double resembling of
taxes would increase consumptionl by in
creasing the ability of all classes to buy
No mans income would be reduced while
the purchasing power of his money would
be materially increased All this effected
by the simple process of shortening the toll
taken by the Government In the shape of
internal and external taxation on manufac.
tured articles. The Commissioners condemn
the present system of taxation as an ILL d.
gested, badly eontrived and oppressive mode
Of obtaining revenue. 1t is altogether too
dittuse-extends to a multitude of things
which should be exempt--is easily evaded
Is vexatlous and inquisitorial-i full of de-
fects, contradictions and obscurities--and
in many of its details operates very harsh
ly. 1t is asserted that not more than three
ffths of the internal revenue is being col
lected, and that by evasions, collisions,
commissions and frauds 5000, 900, 900 a year
are not collected. .ls.F asl
The system of collecting customs is also
severely condemned. 1t is estimated that
i'll the New York Custom House alone,
frauds by false invoices and collisions with
dishonest officers, are committed to the ex-
tent of ta0sntq,6us millions a gear They
call for complete revision of the whole
system OF collecting the customs revenue as
absolutely necessary for the projections of
the interests of the Government, and of
the honest class of importers, if there be
any such The two great questions for
Congress to consider are reconstruction of
the South and reconstruction of our
Revenue System. The public welfare is
deeply involved in the wise solution of both
problems Chicago Tribune.
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The American Borough System.