Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-08-27
INTERNAL TAXES.
what We are to be Relieved of i
nrtobar Next.

what We are to be Relieved OF i'm
October Next.
The modification of the internal reve-
nue. laws, adopted by the last Congress,
creates quite reduction Of taxes As fire.
quent inquiries are made upon the subject,
and it seems to not be fully understood,
for the benefit of our business friends and
the tax payers we furnish the following,
which embraces internal taxes Of which we
will be entirely relieved from and after the
first of October, 1870;
PRESENT TAX.
l. On carriages of every description 70
to $40 each.
2. On watches, LOO to 200.
8. On billiard tables, 1000 each.
4. On silver plate, of all kinds, cents
per pound.
s. On gold plate, so cents per pound.
6. On passports, 500 each.
Z. On boats, barges and fats, 800 and
1000 each.
8. On gross receipts, including those Of
railroads, steamboats,, canal boats, and all
other vessels, and stages, q per cent Of
! receipts.
8. On gross receipts of telegraph COM
panies, ferries, bridges, and turnpikes, 9
| per cent of receipts.
10. On retail dealers, (ioense tar, SIC
each.
IL. On wholesale dealers, or those whose
sales exceed %, 600 year, 5000 each, and
LOO additional on every 10000 of sales eL'
ceeding $4,000.
These taxes on sales are all repealed,
except as regards liquor and tobacco.
IL. On banks and bankers. with capita
of $4,000, 10000 each, and 200 additional
on every 1000 of capital above fifty thou
sand dollars
ID. On brokers Qicense, 5000 each.
IA. Hotel keepers (lioense,) 1000 t.
10000 each.
Is. Auctioneers and peddlers 1ioense,
10. 90 to 5000 each.
16. Claim agents, insurance agents, rea
estate agents, patent right dealers anc
conveyancers, 10. 90 each.
IL. Manufacturers license. 1000 each
IS, Proprietors of theatres, museums
circuses and concert halls, 10000.
10. Proprietors of gift enterprises, $l5'
each.
20. Lawyers, physicians, architects anC
builders, ten dollars each.
| 81. Coffee and spice grinders, one hun
bred dollars each.
% Express carriers and agents, ten dol
lars each.
23. Miners, assayers, plumbers, photo
graphers, apotheosries, butchers and eat
ing house keepers, ten dollars esch
All others now chsrgesble with icens
tax OF any kind, except dealers in spirit
and tobacco, are exempted.
"a. On canned and preserved fish (no'
4
g. On bills and receipts, to any amount
and on promissory,notes tor a less sum thal
one hundred dollars (now paid By stamp
two cents and five cents each.
ALI other stamp taxes are continued i
| force.
26. On legacies and SUGGESTIONS, one
six dollars on every 100 Of property devise
or inherited, according to the degree of re
lstionship. All repealed.
TAXES REDUCED.
81. On incomes exceeding 81, 600 70
the year commencing January ], 1870, an
January /, 1871, q per cent
The exemptions are, in addition t
5000, all taxes and interest paid durin
the year, losses and bad debts, rent or II
pairs on dwelling houses, and amount pal
for labor to cultivate land, or TO conduC
any other business from which Income
derived. This is the personal income ia,
It is q tolersbly easy one.
%. On dividends of all corporations, fc
the year 1871, including banks, railroa
companies, insurance companies, trui
companies, canal and turnpike companies
trust companies and savings institutions, 2
per cent.
This tax is to be paid by the companies
who may deduct It in disbursing theAS div
dends TO individual holders.