The Manitowoc tribune. [volume] (Manitowoc, Wis.) 1866-1878, 1870-09-29
Internal Revenue Taxes.

Col Goodwin, Assessor of the 1st
Wisconsin District, furnishes the Milwau-
kee papers with the following compila-
tions relating to the internal revenue laws
approved July IA, 1870, entitled can act
to reduce internal taxes and for other
purposes:
On and after the 1st day ef May 1871
| allspecialtaxes, cemmoniycalled licenses,
imposed by section 70 Of the amenoed
| act OF March 1867 are repealed except
the special tax imposed on brewers and
those imposed by the act approved july
| 20, 1868, on rectifers, wholesale and re-
stall liquor dealers, dealers In manufac-
tured and leaf tobacco, and manufacture
ers Of Tobacco and cigars. The special
| taxes viii be assessed as heretofore from
the first day Of the month in which they
commence business to the lst day OF May
! 1871, at which day they will cease on al
| but those ABOVE excepted.
| The section exempting the several tax
es on sales, and after the 1st day of DC
tober. 1870, is construed by the commits
| sioners OF internal revenue as not to In
| clude wholesale dealers who pay the adj
dltional tax of 81 on each s 900 of sales
IN access of $50, 900 per annum, but is a
| special tax, as designated from ''the sew.
erdl taxes Oh sales. Those repealed on
and after October l, 1870, for example,
are those imposed under the actof March
81, 1868, taxing sales Of manufactured
articles, aud the tax impored on auction
s4les.
Wholesale dealers, cattle brokers,
apotbecaries. and other special taxes, as
above imposed, should he returned, and
assessed as heretofore, until May l, 1871.
The taxes imposed by the act approved
| July 20Ih, 1868 on sales Of leaf and man
| uiactured tobacco, SNUFF, cigars, foreign
and domestic distilled spirits and wines
are retained. also the tax on gas.
| On and alter the first day of October,
1870, tie taxes Imposed by law on arti-
| c,es IN schedule "a such as carriages,
gold watches, billiard tables kept for pri-
yate use, and gold and silver plate, are
repealed. Also the taxes imposed on
legacies and succession tax on estates Of
all persons dying previous to the LIST OF
October, 1870. will be assessed as hereto
fore; except literary, educational and
| charitable institutions. which are relieved
from the tax at once.
The taxes imposed On gross receipts Of
rail Dads, ships, canals, stage coaches,
ierry-boats, bridges. express business, In
surance business. telegraph companies,
! theatres, circuses, shows, museums, lot
teries, Or any business upon which a tax
is required to be paid uyon their gross
receipts, are repealed, to take effect Oh
and after October lst, 1870.
| On and after October LIST, 1870, prom
issory notes for less sum than one hun
bred dollars. and receipts for any sum OF
money, or for the payment of any debt
are exempt from stamp tax, and no stamp
is required upon the transfer of mort
gage, where it or the instrument it Sc
cures has been once duly stamped.
The most important change in the in
come tax is she reduction Of the tax to
2! per cent. and increasing the exemp-
| ton to $2,000-the assessment of which
more general instructions will be given
hereafter.
BY section 4, of the act approved
| March 3lst, 1868, pork-packers, lard rem
derers, or thoSe engagedin smoking hams,
curing meats. &C., have been regarded as
manufacturers, and required to pay tax
on their sales CT such manufactured pro-
Visions, but By an amended act to said
section approved July 18th, 1870, said
manufacturers are no longer required to
pay the tax On their manufactured sales,
and the same amended acts adds, that if
any such tax shall have been assessed,
but not collected. the same is hereby re-
,3lfftel