Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1870-08-17
PRESENT TAX

AMOUNT VI present lax
! PRESENT TAX
/. On carriages otevery description, Sc to
! $40 each.
On watches, 81 to 50 each.
3. On billiard tables, SO each
4. On silver plate of all kinds, cents
per pound.
5. On gold plates, so cents per pound.
6. On passports, s. each.
7. On boats, barges and fats, s. and $40
each
s. On gross receipts, in GLIDING those OF
| railroads, steamboats,, canal boats, and all
other vessels, and stages, . per cent OF re-
| ceipts.
9. On gross receipts of telegraph compa-
MES, ferries, bridges and turupiKes, 3 per
cent of receipts.
10. On retail dealers (license tax, SO
each.
| l. On Wholesale dealers, or those whose
| sales exceed $25, 900 year, $50 each, and 81
additional on every 81, 600 of sales exceed
! ing $4,000.
| These taxes on sales are all repealed, ex-
| cept as regard liquors and tobacco.
| Il. Ga banks and bankers, with capital
Of $50, 600, SO each, and 81 additional on
every 81, 900 capital above $50, 900.
-. On brokers (license), $50 each.
| IA. Hotel keepers Cicense) $40 to $500
| each.
Is. Auctioneers' and peddlers' (license) ,
| $40 to $50 each.
! 16. Claim agents, insurance agents, real
| estate agents, patent right dealers, and con-
| eyancers $40 each.
| IL Manufacturers Qicense), $40 each.
.l8. Proprietors of theatres, museum cir
cuses and concert halls, 500 each.
| 49, Proprietors of gift enterprises, $3.50
each.
20. Lawyers physicians, architects, an d
builders, SO each.
| 81. Coffee and spice grinders, $500 each.
%. Express carriers and agents, SIC each.
| 23 Miners, assayers, plumbers, photo
| graphers apothecaries, butchers, and eating
| house keepers, $40 each.
| All others now chargeablc with license tax
| of any kind, except dealers in spirits and
| tobacco are exempted.
"a. On canned and preserved fish NOW
| paIu ~ stamps, l cent per pound.
%. On bills and receipts, TO any amount,
and on promissory notes for a less sum than
500 (now paid by stamps, 2 and 3 cents
each.
All other stamp taxes are continued in
| force.
%. On egacies and SUGGESTIONS, ST. to SIS
on every Sl00 property devised and in
herited, according to the degree of relation
| ship. All are repealed.
| TAXES REDUCED.
81. On incomes exceeding So 900 for the
| years commencing January l, 1870, and
January l, 1871, D per cent.
The exemptions are, in addition to S, 1000,
all taxes and interests paid during the year,
| losses and bad debts, rent or repairs on
dwelling houses, and amount paid for Ia
Dor to cultivate land or to con duet any
other business from which income is de-
rived. This is the personal income tax. 1t
is tolerable easy one
IS. On dividends of all corporations, for
the year 1871, including ban IS. railroad
companies, insurance companies. canal and
turnpike companies, trust companies and
savings institutions, D per cent.
This taxto be paid by the companies, who
may deduct it in disbursing their dividends
to the individual holders
Such is complete view of the exemp-
tons and reductions of taxes under the in
| ternal revenue system. The whole consti-
tutes a lcng step in the right direction, OF
throwing of burdens uopu industry and en-.
terprise, and as the Treasury can now spare
the revenue they have been yielding they
| viii 90 into effect not an hour too soon.