New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-08-05
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WHAT TAXES HAVE BEEN TAKEN
OFF AND WHEN.

People still continue to inquire as to what
taxes have been taken of, and when the
relief takes effect. We shall again furnish
the desired information. So far from this
act going into operation Immediately on its
passage, the changes of internal revenue
taxes do not take effect until the first OF
October next, while the new tariff rates do
not 60 into operation until the first OF
january, 1871. The stamp taxes, therefore,
and the old high duties on tea, coffee, ETC.,
which we have been living under SO long,
are still IN force. But, after January next,
the duty on tea will be Is cents a pound,
instead Of .; that ON coffee 8 cents pound,
in place Of 5; mOlasses 5 cents per gallon,
instead of eight; sugar will be reduced an
average Of 1 cent per pound; dried fruits
from cents to 2l1 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 De
wholly relieved from in October next are
as follows: :.
/. On carriages Of every description, S.
to SO each.
9. On watches, 81 to s. each.
3. On billiard tables, $40 each.
f. On silver plate Of all kinds 5 cents per
pound.
5. On gold plate. so cents per pound.
6. On passports, s. each.
2. 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, 24 per cent of
receipts.
8. On gross receipts of telegraph compa-
MES, ferries, bridges, and turnpikes, per
10. On retail dealers license taxi, $40
each.
IL. On wholesale dealers, or those whose
sales exceed $25, 900 year, $50 each, and
81 additional on every $1,000 Of sales ex-
ceeding $4,000.
These taxes on sales are all repealed, ex-
cept as regards liquors and tobacco.
$5O, 1000, 500 each, and So additional on
every $1,000 of capital above $4,000.
10. On brokers license), $50 each.
IA. Hotel keepers licensel, $40 to $500
each.
Is. Auctioneers and peddlers 1icense), $40
to ESQ each.
l6. Claim agents, insurance agents, real
estate agents, patent right dealers, and con-
veyancers, SO each.
II. Manufacturers Qicense), $40 each.
Is. Proprietors of theatres, museums,
circusee and concert halls, 500 each.
10. Proprietors Of gift enterprises, 500
each. - ~ -
90 Lawyers, physicians, architects, and
builders, $40 each.
81. Coffee and spice grinders, 800 each.
p. Express carriers and agents, $40
each.
g. Miners, assayers, plumbers, photo
graphers, apothecaries, butchers and eating
house keepers, $40 each.
All others now chargable with license tax
Of any kind, except dealers in spirits and
tobacco, are exempted.
"a. On canned and preserved fish tnow
paid by stamps), cent per pound.
Is. On bills and receipts to any amount,
and on prOmissory notes for a less sum than
500 tnow paid by stamp, cents and 5
All other stamp taxes are continued in
force.
26. On legacies and SUGGESTIONS, ST. to Sc
on every 500 of property devised or in
herited, according to the degree Of relation
ship. All repealed.
TAXES REDUCED
e.. On incomes exceeding $4,000, for the
years commencing January l, 1870, and
January l, 1871, 2h per cent.
The exemptions are, in addition to $1,000.
all taxes and interest paid during the year,
losses and bad debts, rent or repairs on
dwelling houses, and amount paid for labor
to cultivate land, or to conduct. any other
business from which income is derived. This
is the personal income tax. 1t is a tolerably
easy one.
%. On dividends of all corporations, for
the year 1871, including banks, railroad
companies, insurance companies, canal and
turnpike companies, trust companies and
savings institutions, two and a half per
cent.
This tax to be paid by the companies, W no
may deduct it in disbursing their diyiden DIS
to the individual holders.
Such is complete view of the exemp-
tions and reductions Of taxes under the in
ternal revenue system. The whole consti-
tntes a long step.in the right direction, of
throwing off burdens upon industry and
enterprise, and as the Treasurer can now
spare the revenue they have been yielding,
Iney Will 60 into effect not an hour too
soon.