New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-05-17
REJOICING INTERNAL TAXATION.

WASHINGTON, May 16.-The following Is an
extract of the bill to reduce Internal Taxes, and for
other purposes reported by Gen. schenck to-day:
1t contains 4s sections. Under the class OF special
$50 Geo are required to pay tax of 500 when the eap
tai is in excess Of $4,000 o. additional for every 81 COO
ay of 9a of one per centum per month imposed upon
average amount OF deposits other than puDc moneys
each month the average amount OF public money In
their possession and tax or Ia per cehtum on tnelr
CAPITAL and of 2 per cent per month on the clrcu
lation provided that this section shall not apply 10
associations which are taxed under te act PiVyide
bonds, and 10 provide for the circulation ana redemption
thereof" Every National Banking Association or other
CORPORATION engaged in banking Is further required To
pay tax OF per centum the amount OF notes used
for circulation and paid out by them sd " @
sales OF stock bonds gold and notes OF other securities
and on sales made without OF Pee rs s
commercial brokers pay special TAX oI 800" "a '
f for eae d1 additional $1,000 Foreign Insurance
agents taxed $50 each. Claim agents Ray 40
additional $1,000 Patent-rght dealers pay So Pawn
brokers' whose capital employed does not exceed sJo
are rated according to the yearly rental or estimated
yearly rental Of the property a. So%s W d tng
81 900 rental Places of public amusement are taxed for
frstclass, 500 each secondclass, 80 each Rooms OF
halls occasionally hired used for dramatic or
operatic representations OF performances, or for
concerts balls exhibitions, are rated as secOndc
Any permanently located building used for any ex-
hibton performance, show, entertainment to which
admission for pay to pay tax of per cent on the
art exhibitions mot moved about agricultural and
horticultural fairs and exhibitions for benevolent or
religious purposes are exempted Bowling alleys and
billiard rooms pay $40 for each alley table Lottery
managers 5000 dealers in lottery tickets $780, lottery
managers and dealers pay an additional tax OF per
cent on their gross receipts. Gift enterprises
are taxed $500. Distillers producing rs or less
barrels of distilled spirits per annum are taxed
$780, and 81 for each barrel in excess of 25 Four
dollars assessed upon each barrel which may DE IN
a bonded warehouse, TO be paid when wlthdrawn Zee
ders OF distilled spirits rcctfying or conpounding less
than 200 barrels per annn pay SiGo ana 81 cents dot
sales do exceed $500, required To pay SIS over
$500 and not exceeding 5000 s5o over $3.50 and not
exceeding $4,000 $780, over $1,000 ana not eEcerdInS
$4,000 500 if exceeding $50 900, 0OO Wholesale liquor
dealers for 1900 or less So and S5 for each $1,000 SAFE
in Of 5000. Manufacturers OF SUNS pay ,.h ut
$50 and $40 for each still made by them Brewers
are taxed 800 Dealers in leaf tobacco whose annual sales
exceed $4,000 taxed SIS II their safes eAeeeu
slOo 81 for each additional 81 600 Dealers IN tobacco
whose sales do not exceed $3.50 pay 80 ana y lof eac
SO and s. for each 81 In Of 5000 OF their penal
bond Manufacturers of cigars whose sales GO ot eAeeeJ
each and 81 for each sl,OO IN excess OF
5000 The sum of IS levied for each passport issued
from the Office Of the SgGTa at s" eyc Of the
tions relate to supplying stamps ana against counter
schedule provides Bank checks, drafts or orders
two cents bills OF exchange nland drdt OF ortr ioi
the payment OF any sum not efcrod q, s o ce"t
and for every additional 500 or fractional part two cents
S OF aass oS 81 and not Exceeding $3.50 81 exceeding
n ua for every additional amount OF 500 or fractional
m ractional part 90 cents bond for the
performance OF the duties of any office 81 bond OF any
description other than such may he required III ega
proceedings Is cents; certificates OF stock % cents err
tihcatss of profits, b cents; exceeding 500
Dc CENTS for every additional $1,000, rs cents;
other certificates cents; certificates of deposit not ex
csedipg 500 cents exceeding 500, cents Charter,
contract or agreement Of vessel not exceeding 100 us
81 exceeding $50 tuDs and not exceeding 800 tlinS - 1;
exceeding 100 and not exceeding coo tuns, = ex
ceeding COO tns $40. Brokers note or memorandum oi
sale 10 cents Conveyance, ~ cents when the con-
sideration exceeds 500 and not sl ST. and Tor every
additional 800 50 cents Entry Of any goods wares OF
rs cents exceeding 500 and not exceeding
Zoo in value 30 cents exceeding $500, w. other Changes
are made ia the schedule 49,,
Medicine and preparations in Schedule Z are taxed,
when the value 70 cents cent, and every additional
rs cents or fractional part thereof cent Perfiinery
and cosmetics valued at % cents, cent and for every
additional 20 cents fractional part cent Friction
matches, less, cent every additional hundred
cent Wax tapers. 25'hghts or less, cent Playing
cards cents pack That there shall be levied and col
lected annually tax Of per centum upon the gains
profits, aud income Of every person residing IN The
United States and Of every citizen of the United states
residing abroad, derived FROM any source Whatever,
whether within or without the United States, except
hereafter provided and like tax annually upon the
gains profits and income derived from any business
trade, profession carried on IN the United states ny
any person residing without the United states ana not
"A citizen thereof from rents OF real estate within the
United States owned by any person residing without the
United states and not "a citizen thereof.
In estimating the gains, profits, and income ~ any
person. there shall he included ali Income, derived from
any kind OF property, rents Interest received or ac
crued from all notes, bonds ana mortgages, other
forms OF Indebtedness bearing interest, whether paid
not II good aud collectable and interest upon notes,
bonds, other securities Of the United states and the
amount Of all premium on gold and coupons, the gains,