Cedar Falls gazette. [volume] (Cedar Falls, Iowa) 1860-1895, 1870-08-05

THE GAZETTE
CEDAR FALLS, AUGUST s, 1870.


CEDAR FALLS, AUGUST s, 1870.
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What Taxes Have Been Taken OFF
F.. and When. .- ...
People still continue to inquire as
to what taxes have been taken off
and when the relief takes effect. We
shall again furnish the desired infor-
nation. So far from this act going
into operation Immediately on its
passage, the change of internal reve.
nue. taxes do not take effect until the
lst Of October next, while the new
tariff rates do not go into operation
until the 1st of January, 1871. The
stamp taxes, therefore, and the old
high duties on tea, coffee, and so
forth, which we have been living
under so long, are still in force. But,
after January next, the duty on tea
will be Is cents pound, instead of
25; that on coffee cents a pound, in
place of s.; molasses cents per gall
len, instead of s; sugar will be re-
duced an average of cent per pound;
dried fruits from cents to q cents
per pound; and spices will be reduced
in duty about so per cent.
The internal taxes which we shall
be wholly relieved from in October
next are as follows:
PRESENT TAX. ..r.
1. On carriages of every descrip>
ton, So to $40 each.
2. On watches, 81 to So each.
3. On billiard tables, $40 each.
A. On silver plate of all kinds, 5
cents per pound. ..
5. On gold plate, so cents per
pound.
6. On PASSPORTS, S. each.
Z. On boats, barges and flats, So
and $40 each.
8. On gross receipts, including
those of railroads, steamboats,, canal
boats, and all other vessels, and
stages, p per cent. of receipts.
o. On gross receipts of telegraph
companies, ferries, bridges and turn
pixies, 3 per cent. Of receipts.
10. On retail dealers Qicense tax),
SO each.
IL. On wholesale dealers, or those
whose sales exceed $685. a year,
$50 each, and 81 additional on every
81, 900 of sales exceeding $5O,OO0.
These taxes on sales are all re-
pealed, except as regards liquors and
tobacco.
IL. On banks and bankers, with
capital of $4,000, 500 each, and So
additional on every ST. 900 of capital
above $4,000.
l3. On brokers Qicense), $50 each.
IA. Hotel-keepers (lcense), SO to
$500 each.
10. Auctioneers and peddlers Iii
cense), SO to $50 each.
lG. Claim agents, insurance agents,
real estate agents, patent right deal
ers, and conveyancers, $40 each.
II. Manufacturers Qiccnse), $40
each.
Is. Proprietors of theatres, muses.
ums, circuses, and concert halls, 500
each.
10. Proprietors of gift enterprises,
$3.50 each.
20. Lawyers, physicians, archi-
tects, and builders, SO each.
2l. Coffee and spice grinders, 500
each.
%. Express carriers and agents.
SO each.
%. Miners, assayers, plumbers,
photographers, apothecaries, butch
ers, and eating house keepers, SO
each.
All others now chargable with IL
cense tax of any kind, except dealers
in spirits and tobacco, are exempted.
"A. On canned and preserved fish
(now paid by stamps), l cent per
pound.
%. On bills and receipts, to any
amount, and on promissory notes for
a less sum than 800 (now paid by
stamp, 2 cents and 5 cents each.
All other stamp taxes arc continued
i'm force.
26. On legacies and SUGGESTIONS,
81 to So on every 500 of property de-
vised or inherited, according to the
degree of relationship. All repealed.
TAXES REDUCED.
u. On incomes exceeding 50 900,
for the years commencing January /,
1870, and January /, 1871, p per cent.
The exemptions are, in addition to
80, 900, all taxes and interest paid
during the year, losses and bad debts,
rent or repairs on dwelling houses,
and amount paid for labor to cultivate
land, or to conduct any other bust.
ness from which income is derived.
This is the personal income tax. 1t
is a tolerable easy one.
28. On dividends OF all corpora
tions, for the year 1871, including
banks, railroad companies, insurance
canal and turnpike com.
panies, trust companies and savings
Institutions, q per cent.
This tax to be paid by the compa.
nies, who may deduct it in disburs-
ing their dividends to the individual
holders.
Such Is complete view OF the ex-
emptions and reductions Of taxes un-
der the internal revenue system.
We have before now had occasion
to speak of the excellence of the
local press of Northern Iowa, and il
Is really feast entertaining to us to
read the local pages of the papers
which come to us from different In.