The weekly standard. [volume] (Raleigh, N.C.) 1869-18??, 1870-10-05
Internal Taxes-What we are to be
Relieved of in October Next.

The modification of the internal revenue
laws, adopted by the last Congress, creates
quite reduction of taxes As frequent in
quir;es are made upon the subject, and it
seems not to be fully understood, for the
benefit of our business friends and tax-pay-
ers we furnish the following which en-
braces internal taxes of which we will be
entirely relieved from and after the first of
October, 1870:
.1r T PRESENT TAX.
1. On carriages of every description SO to
SO each. 81
2. On watches, 81 to 50. ,.I
8. On billiard tables, $40 each.
4. On silver plate of all kinds, 5 cents
per pound. .. ID
5. On gold plate so cents per pound.
6. On passports, S. each. .
Z. On boats, barges and flats, S. and $40
each
8. On gross receipts, including those of
railroads, steamboats,, canal boats, and all
other vessels, and stages p per cent. out of
receipts.
9. On gross receipts, of telegram compa-
mics, ferries, bridges and turnpikes, per
cent. of receipts. at.s -,
TO- On retail dealers Qicense tax, $40
each @ ~s
| ii. On wholesale dealers, or those whose
sales exceed $4,000 year, $50 each, and
| 81 additional on every 800 of sales exceed
ing $50. .,. .....
These taxes are all repealed except as re-
CARDS liquor and tobacco.
IL. On banks and bankers, with capital
of $50, 500 each, and Sc additional on
| every $1,000 of capital above fifty thousand
sand dollars. ~ 81. '1
( Is. On brokers Qicense), $50.
IA. Hotel keepers Qicense), $40 to $500
EACH s.. ti ''
Is. Auctioneers and peddlers Qicense),
$40 to $50 each. -s.u. -.
16. Claim agents, insurance agents, real
estate agents, patent right dealers and con-
veyancers, $40 each. - Ef. I...f
II. Manufactures QIcense) $40 each.
Is. Proprietors of theatres, museums, cir
cusses and concert halls, 500.
10. Proprietors Of gift enterprises, $3.50
each. -
20. Lawyers, physicians, architects and
builders, $40 each.
q. Coffee and spice grinders, one hun
dred dollars each. .- t'iI sfl-c
%. Express carriers and agents, SO each.
%. Miners, assayers, plumbers, photo
graphers,. apotheearies, butchers and eating
house keepers, $40 each. ssfs =.
q u otl,ess now ychafgeaDle with license
tax of any Kind, except dealers in spirits
and tobacco, exempted. '
"a. On canned and preserved fish now
PAID by stamps, one cent per pound.
20 On bills and receipts, to any amount,
ana on promlssory notes for sum less than
one hundred dollars (now paid by stamps),
two cents and five cents each 'fa ~
All other stamps are continued in force.
70: On legacies and SUGGESTIONS, one to
SIX dollars on every 800 of PROPERTY de.
Vlsed or inherited, according to the degree
OF relationship. All repealed.
TAYEs REDUCED. f.
q. On incomes exceeding $4,000 for the
year commencing January 1, 1870 and jan
uary 1, 1871, q per cent.
The exemptions are, in addition to 80 OOO
all taxes and interest paid during the wear
losses and bad debts, rents or repairs on
dwelling houses, and amount paid for labor
to cultivate land, or to conduct any business
from which income is derived. This is the
personal income tax. 1t is tolerably easy
one. -,
%. On dividends of all corporations, for
the year 1871, including banks, railroad
companies, insurance companies, trust com.
panies, canal and turnpike companies, and
savings institutions, q per cent.
This tax is to be paid by the companies.
who may deduct it in discussing their diyi.
| dends to individual holders.