The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-12-04
INTERNAL REVENUE.
Report Of Commissioner e. A. Rol-
Inns.


Inns.
TREASURY DEPARTMENT,
OrucB or INTERNAL REyRsus
WARRINGTON, Nov. go 1867. J
The internal revenue laws, amended BY the ACT OF
March, 1885, in operation without substantial
change during the entire fiscal year Of 1885, The taou-
lar statsmsns therefore, which accompanied my last
annual report exhibited the revenue from different
under uniform taxation through the entire
year. The amendments ofJuly Is, 1890, and Of March
1867, very materially reduced the productive power
Of the law, adding largely to the free list and modifying
the rates upon many objects Of taxation The definite
and permanent effect which these and other changes
have produced be stated because Of the nature
Of some Of them and the little time which has elapsed
since their adoption. shall sndeavor, however, In
this the sixth annual report Of this ONCE among other
subjects the discussion Of which seems appropriate TO
present - clearly possible tho results Of the present
Law - compared with those which have preceded II,
and with recommendations Of such changes careful
observation Of IT. operations suggssts will furnish
estinats Of s probable productvsns for the current
asd until the suppression Of the rsbslion tho egsls-
stantialy for lie incrssss Since that time however,
the revenues fow taxation have been regarded In
The aaicious q IL ed ana recent
acts have been for their reduction
hs sbou: q million dollars Der -
and from The act Of March last further annual reduc
70. q forty millions vas :.pscssd The receipt. q the
q hs year preceding while they wore larger than were
anticipated n the pags Of the acts providing for The
me aggregate receipts Of internal revenue exclusive
cuiasion and deposits Of national bank were for the
ysss o
1896. s2ll l2e. S2e
Siv UovSe
1891. 2e6 e2o ~
ported and sums refunded - soneously assessed and
me amounts Of drawback and sums refunded we're ~
followD:- Drawback ASsounts Refunded
ACKNOWLEDGEMENT 0os, oSS $4221s.
lsoe. ................. 1os see 6l4sA
The increase Of the amoans q drawback for the past
year was largely due 70 the increased expectation Of
tion q claims on account or goods exported prior to
June 90 1884 which va. made necessary BY the statute
4 S.s s rss. n:
q alawoac. allowed Sp 70 tsi, time during ID: present
RECEIPTS PROM BANxB, TRUST COMPANIES AID SAVINGS IN
iscs .''0'A 1866 1857
tons % surplus .ss.es12oe sAlssoss sa1.4e1s
Ssss:;s :: s a:ss =: ,;ss s.; =: g
mo reduction OF from capltai, crcuIatlon
and deposits due the conversion Of state banks
into national institutions paying taxes 10 the Treasury
Deposits Of savings having no capital stock have
10. 1859. - 49, '" = - = :
Dividends. 20 sls s2sesssc! .ss sSs. sss
e1oss on bonds. s sdisss
The returns Of the taxes upon dividends and interest
CT of In hat time
they have been made only 70 the assessors and the tax
has been paid to collectors The monthly abstracts OF
the two separately. The reduction Of amount
from gross receipts is due to the exemption OF receipts
1899.
INSURANCE. COMPANIES.
D 70 surplus ~. s7c4sss ss7asl sssa,4,s
Premiums and assess
ments ............... oel, 500 ll09.722 1926 5o4
and insurance companies has been per cen, during
the last three years. that upon premiums one and half
- asoss nscsprs on ruIrcRAPn coxpAsrxs
1855. $4,000
1865. ......................... SOS, 437
Xtsi July, 1895 .hs iax was reduced from to apsr
GROSS REcrrrrs or rxrRKss oonPAMEa
1885. &629,275
1866. ......................... 90 10Y
The rate has remained unchanged during the three
years.
1855. I'll, l62 392
1860. Io,4A3.3
The excess Of the revenue Of isce over that Tor isss
due TO the use OF stamps In that portion OF the coun
try prior 70 that time 10 rebellion Since August 1900
confessions OF Judgments wrs and other original pro-
have been exemp. from duty while the tax upon
bankers and brokers' sales Of stocks bonds &C, has
been added 70 the stamp schedule
salos OF beer stamps are not included In tho receipts
During the year the sum Of 81 III SO was received
from sale Of cent stamps and So 23 247 81 TOR
stamps from special dies for Matches perfumery,
mstlcs medicines and other proprietary articles.
Lx0AclKs AuD sUccYHsToxA
1865 500 O7
From ii: nrequsncy win which returns Of saccss
sons and sgacies sre due from Taxpayers, they
often ignoran Of their Liabilities and while frauds per-
haps are seldom psrpetrated the receipts OF the
fulnsss Of Their LEGAL ofcer Now that tho annual Ist
"a completed. assessors have been instructed 70 give
early and special attention 70 this subject
1865. $40 6oz $50
1880. soSssiss
'Si income articles i. sch:da: A. and special taxes ss
cspt Wholesale dealers and Wholesale dealers in liquor
Ara subcct ouy 10 annual assessment Tue income tax
The Calendar year 1894 and that Of 1866 from the casn
oar ssasS si'' s. ~. = % ss
March, . tina. q ths .Ss1,osoclo collected 10
n: s:'s ,s year as
he year 1865 The entire iax collected the income
or 1906 va, as 49, The amount collected during be
preeent 6scal year from che income Of 1869 Is l
which, added the So 713sss before collected make
thus FAR collected the income Of 1869 S2
This sam large, think. a. was generally expected,
Tor incomes usually less than for the PEAR pre-
cedine and the increase OF the exemption 10 $1,000
and the reduction OF ouehalf 10 the rate upon incomes
exceeding g. 00 intended to decrease tho receipts
nearly $50 100000.
annual list In 1861 was
Twenty dollars or less. 63,0S5
Over SO and mo- over 50.................. ~ o47
Over $50 and not over 500. 2s,o36
over 800 and not $500. 54,71s
Over $500, 503ss