Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1882-12-08
INTERNAL REVENUE.
The Commissioner Recommends Il De
cided Reduction in the Taxes

The report of Commissioner of Internal Re-
venue Raam has been submitted to the Secre-
tary OF the Treasury. He begins oy advocating
the reduction of taxes. because OF the enormous
increase OF Internal revenue receipts in each
succeeding year. In 1879 the receipts were
81 6, 600, 000 while those of the present fiscal
year will not fall far short of Sl45 600, 900
In support of his stand he quotes the maxim
that no more revenue should be raised than is
necessary for an economical administration of
the government and n gradual reduction of the
pubhc debt. II the present rate of paving the
pGblic debt be continued all the bonds subject
10 call will be paid within three years after
which time the government will he compelled
IN order 10 dispose of It's Surplus revenue to
buy in open market the /! per cent. bonds,
which fall due IN 1891, or the per cents,
which fall d.e in 1907. These would naturally
advance in price to % or 30 Der ccut. premiGm
TO pay which he regarded :. WI IL o. the pro-
pie 8 money. The prin4i A.i 81 The paLlc de Il
should be eNtinguishe3 only at the rate ncves-
sarv 10 meet The requi sen-hts of the sinking
fund, and that Therefore reduction of from
sixty to seventv millions OF d)llarS. Mr.. Rum
then goes on to recommend the retention OF the
taxes on distilled spirits, malt liquors, tobacco
and cigars, and the abolition of taxes on triC-
ton matches, patent medicines, perfUmerv and
bank capital, checks and deposits, which
amount in all to SIS 74S 223 -. To the
eighteen and three quarter millions of reluc-
ton thus proposed Congress should add a re-
duction in the charges for special taxes To deal
erS in articles taxed for internal revenue sub
stantially AZ proposed in the bill now pending
before the Senate.
Reducing ali these special taxes 40 per cent.
the remiSSions under this head would tie So
0O1, 905
The act of March LIST 1879, reduced the tax
on tobacco from ~ cents per pound 10 Ii cen 5
per pound, but di aot reduce the tax OF ciL trs
or cigarettes. \ corresponding reduction on
cigars would be to 81 per thousand. This. |
think Shoald be done and would amount To a
reduction OF taxes of St 7i6 600. This would
IN Ike Il total reduction of Internal revenue taxes
(incluass the taxes on national banks As fol
lows:
Matches, me iicines, perfnmsrv and banks
SIS, AS, 223.TI; specia, taxes. s. oo79u5 ,
cigars and cigarettes, S6,'46 0O0 total, So ?
500. l2S.77.
The abolition Of the duty on sugar. is also
suggested, OF " hich NV hundred million pounds
are annually consumed, and the revenue from
which amounts to So 900 0O0, on the ground
that while the home product has not increased
IN Il years the importation has increased a.
most tour-fod. These reductions would amount
IL all 10 So. 80. IFS. The receipts from the
several objects OF internal revenue ttN1tlsn
during the last fiscal wear. have asen fol
lows For 1881, Sl35 229 .9l3 80. lSS2,
Sll6- 523,212 - showing an increase o. 81 =
235 36l.i2 The collections u Maryland, VIZ
GInia and the District Of Columbia were -
follows: Msryland-Third district, 8 662.-
0o9 Fourth. Sl65 rs 81. Virgnia-Sc-
cond, Sl.0l0, lOl04; rhiri, 8 IL s>6 = ,
Fourth, 81 o96 673 81; Fifth, ;. 80, SIt II
Sixth, S23+.-73l2 District OF Columbia