Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1870-08-16
What Taxes Have Been Taken Off and
When.

| what taxes have been taken on 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 changes of internal rev.
enue taxes do not take effect until
the first of October next, while the
new tariff rates do not take effect
until the 1st of January, 1871. The
stamp taxes, therefore, and the old
high duties on tea, coffee, DC, which
we have been living under so long
are still in force. But, after January
next, the duty on tea will be ID cts
pound, instead of %, that on coffee
cents pound, instead of 8; mo-
lasses 3 cents per gallon instead of
8; sugar will be reduced on an aver
age of l cent per pound, dried fruits
from cents to q cents per pound ;
and spices will be reduced in duty
about 80 per cent. Here, we are
sorry to say, the relief to consumers
of staple commodities by the modified
tariff will stop.
The internal taxes which we shall
be wholly relieved from in October
next are as follows:
PRESENT TAX.
|. On carriages OF every descrip-
tion, So to 80 each.
2. On watches, 81 to So each.
B. Or billiard tables $40 each.
4. On silver plate of all kinds, 5
cents per pound.
8. On gold plate, fifty cents per
pound.
8. On passports, So 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, stages,
q per cent. of receipts.
8. On gross receipts of telegraph
companies, ferries, bridges, and turn
pixies, 3 per cent of receipts.
10. On retail dealers (Iicense tax),
$40 each.
IL. On wholesale dealers, or those
whose sales exceed S25, 900 a year,
$50 each, and 81 additional on every
81, 600 of sales exceeding $50, 900.
These taxes on sales are all repeal
ed, except as regards liquors and to
bacco.
II. On bankers with capital of
$4,000, 500, and So additional on
every 100000 of capital above
$780, 900.
10. On brokers (license.) $4,000
each.
II. Hotel-keepers Cicense), $40 to
$500 each.
ID. Auctioneers and peddlers Iii
cense), so to $50 each.
1G Claim agents, insurance ag'ts,
real estate agents, patent right deal
ers, and cOnveyancers, SO each.
II. Manufacturers 0icense), $40
each.
Is. Proprietors of theaters, muse
ums, circuses, and concert halls 500
each.
-. Proprietors of gift enterprises,
$50 each.
20. Lawyers, physicians, architects
and builders, SO each.
p. Coffee and spice grinders, 800
each.
%. Express carriers and agents,
SO each.
%. Miners, assayers, plumb ers,
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.
II. On all canned and preserved
fish (now paid by stamps l cent per
pound.
%. On bills and receipts, to any
amount, and on promisory notes for
less sum than 800 (now paid by
stamp, 2 cents and 5 cents each.
All stamp taxes are continued in
force.
26. On legacies and SUGGESTIONS,
81 to So on every 500 of property
devised or inherited, according to
the degree of relationship. All are
repealed.
TAXES REDUCED.
~. On incomes exceeding $4,000
for the years commencing January
l. 1870, and January l, 1871, q per
cent.
The exemptions are in addition to
81, 900, all taxes and interest paid
during the war, losses and bad debts,
rents or repairs on dwelling houses,
and amount paid for labor to cult
vato land, or to conduct any other
business from which income is de-
rived. This is the personal income
tax. IC is tolerably easy one.
%. On dividends of corporations,
for the year 1871, including banks,
railroad companies, insurance COM
panies, canal and turnpike compan-
les, trust companies and savings in
situations, 2! per cent.
This tax to be paid by the COM
panies, who may deduct it in dis
bursting their dividends to the indi-
vidual holders.
Such is complete view of the
exemption and reductions of taxes
under the internal revenue system.
The whole constitutes long step in
the right direction of throwing off
burdens upon industry and enter
prise, and rs tho Treasury can now
spare the revenue they have been
yielding, they will go into effect not
an hour too soon.
Eg' There are at present in the
port of New York awaiting orders
from Europe, nine German steamers
and twenty-seven sailing vessels, who
may neither pursue their homeward
nnnrsn nor 90 intn the nnnatin q trndn