The Carson daily appeal. [volume] (Carson City, Nev.) 1865-1870, 1870-04-28
DOWN. WITH THE TAXES

caption. Ii is something to be needed
BY the powers that be. We can pay the
debt of 81, 500, 600, 900 in ten years
and will, if the present rates of taxation
are continued during that time. We can
pay it in twenty years with revenue
of oae-third of that which is now col
lected. The possibility exists that high
taxes may be followed by the other ex-
treme-no taxes, if medium policy is
not adopted II is for the present Con-
Rress to deal with this great question.
The income tax law Expresses the mid
die classes while it virtually exempts
the wealthy. This is a notorious and
shameful fact. A direct tax can be put
upon those best able to pay it by An in
crease of duties upon imported lu1uries.
Let those wh no are able TO drink the rich
wines of foreign vintage; who dress 10
fabrics of European and Indian manu-
facture whose houses are furnished
with the products of foreign looms anu
factories, pay for the privileges of
wealth. We are nov leveiing our taxes
against the industries of the country.
lie, them be directed against non pro-
ducing wealth. The bone and sinew
Of the country bore the brunt of the
war They have borne the brunt Of
taxation, SO far. They should be ex
empted from this time forward.
Congress is exhibiting, of late, spas
modic movements in the direction indi-
Gated. The people are speaking and
the press is pleading; and the protests
have reached the ears Of the peoples
representatives. But there is lament.
able lack of concert Of action. Every
scheme is q pet scheme of its author
and there are too many authors The
funding Bill still hangs Ere in the Sem
ate and the House has as many 6nanc-
ial projects before it as there are mem.
be.s on its floor. In general terms
Sargent's Bill is a good one-most any
bill is a good one which contemplates
reducing the high pressure by which the
government is nov being run. It is a
proud thing to point to-this paying of
Sl00, 900, 900 in one year; but the tax
needed to make such an enormous an
nuai payment keeps our middle classes
down upon a level with the poor who
pay 40 revenue. Our profits are all
swallowed up in our income returns.
Some days ago We had an in,imation
BY telegraph that General Butler had
devised a plan for getting rid of the in
come tax altogether and providing for
the peeded reveuue by the taxation of
capital and Injuries. We approved Of F,
the general idea and now that we have
he text of Buffers resolution We like ,
his notions oil the better. We find the /,
in the Washington Chronicle t
If April goth s
The following resolution vas introduced '
in the House BY Hon. B. F. Butler: 1
ResOlred. SC. That the Committee on
Ways and Means be directed to prepare and Y
,ring in a bill abolishing the income tax as :,
low provided BY Law, and instead thereof as :.
ess tax of five per cent. of the interest paid =
mon all invested capital, whether in bonds =
4 railroad. insurance, or other incorporated 81
or Of towns, counties, cities. Sta :,
e., or the nation providing for its payment
INTO the Treasury of the United States, under
ach guards and regulations as may lie proper,
. whoever shall pay such interest to the il
older thereof, and to be deducted therefrom; il
ls0, upon all loans, however secured, having =,
longer time to run than one year, or which
re renewed for a longer time than that per-
I'd by the deduction of five per cent. Of all
ividends of ali incorporated or joint-stock
such as banks, insurance COM n
anies, and railways and others. by causing
0 be retained by the company and paid into o
he Treasury i've per cent thereof; also, upon a
II mortgages and leases of lands and tene-
nents i've per cent, to be deducted by the u
aver of the interest upon such mortgages "
nd the rent under such leases also, tax Il
{ one per cent. on all property, or estates in
legacies, or deeds Of gift for other
han charitable purposes on the inventory or !,
ppraised value thereof. in the settlement of
uch estates If the property. is devised or a
iven to one next in blood, not of a collateral
ranch three per cent. in case any property e'
J bequeathec, descends. or is given to one Of B.
collateral branch and Eve per cent in case y
ae property or estate 10 devised or given to 4
ranger, or to q corporation not eleemoson-l
~ in It's character, and free to all without
rice which tax il tn ne colIe.fe6 by the iudQe IL