Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1870-09-30
Internal Taxes-What we are In T..
Heved of I'm October Ne,,

I'm he
Heved of I'm October Mex,
The modification of the internal revenro
laws, adopted by tho last Congress. create.
quite reduction of taxes. As freonont :,
quiries are made upon the subject and :,
seems not to be fully understood. for tfo
benefit of our business friends and tba+ox
payers. we furnish tho following, which
embraces internal taxes of which We will
be entirely relieved from and after tho f;rc+
of October, 1870:
rREsENr TAX.
l: On carriages of every description Sc
to so each. 20
2. On watches, 90 to 2 90.
3. On billiard tables, 10 90 each
per pound .
5. On gold plate, 80 cents per nonna
6. On passports, 8 90 each.
z. On boats, barges aud flats, > 90 and
10 90 each.
s. On gross receipts, including those Of
railroads, steamboats,, canal boats. and oil
other vessels, and stages, q per cent. ont
Of receipts
8. On gross receipts of telegram com.
pauies, ferries, bridges and turnpikes. :
per cent. Of receipts.
10. On retail dealers license taxi. 10 90
IL. On wholesale dealers or those whose
sales exceed $4,000 a year, so 90 each, and
LOO additional on every 100. OQof sales OK.
ceeding $4,000. -
These taxes are all repeaT8d except a3re.
CARDS liquor and tobacco.
IL. On banks and bankers, with capital
Of $4,000, 100 90 EACH and 2. 90 additional
on every l. 600 Of capital above filty thou
sand dollars.
13. On brokers Qicensc), 5000.
IA Hotel keepers Qicense). 1000 10
300 90 each.
10. Auctioneers and peddlers (icense).
10 90 to so 90 each.
16. Claim agents, insurance agents, real
estate agents, patent right dealers ana
conveyancers, 10 90 each.
II. Manufacturers Qicense), 10 90 each.
Is. Proprietors of theatres museums.
clrcusses and concert halls, 10000
ID. Proprietors Of gift enterprises, $50
each.
20. lawyers, physicians, architects ana
builders. ten dollars each.
u. Coffee and spice grinders, one hun
dred dollars each.
%. Express carriers aul agents ten dol
lars each.
%. Miners, assayers, plumbers, photo
graphers, apothecaries, butchers and eat
ing mousse keepers, ten dollars each.
All others now chargeabie with license
tax Of any kind, except dealers in epirits
and tobacco, are exempted.
%. On canned and preserved fish
(now paid by stamps, one cent per pound
70. On bills and receipts to any amount.
and on promissory notes for a sum less
than one hundred dollars (now paid by
stamps, two cents and five cents each.
All other stamps are continued in force
26. On legacies and SUGGESTIONS, one TO
six dollars OH every 500 of property de.
vlsed or inherited, according 70 the degree
of relationship. All repealed.
TAXE5 REDUCED.
81 On Incomes exceeding 81, 900, for
the year commencing January l, 1870. anE
January J., 1871, 2 per cent.
The exemptions are in al Iltion to
$4,000, all taxes and il terest raid durin~
the year, losses and bad debts, rents or re.
pairs on dwelling houses, and amount
paid for labor to cultivate land, or to con
duct any business from which income is
derived. This is the personal income tax.
1t is a tolerably easy one.
%. On dividends Of I'll corporations, for
the year 1870. including banks. railroad
insurance companies, trust
canal and turnpike companies
and savings Institutions, 2 per cent
This tax is to be paid by tho companies.
who may deduct it in discussing their
dividends to individual holders.