New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-03-21
A NEW METHOD OF TAXATION.
FEATURES OF BILL MAKING THE INCOME
TAX sEPpnRT THE STATE GONERNNENT

FEATURES OF BILL MAKING THE INCOME
TAX SUPPORT THE STATE GOVERNMENT.
Albany March 90 GpeciaD.-Asscmblyman Noyes
introduced bill to-day which will undoubtedly
considerable discussion before the end of the present
session of the legislature II provides for an entirely
new method of taxation. making the income tax sup
port the Government. The bill provides that within
thirty days after the passage OF the the various
town and city clerks must be informed OF that fact
and thereupOn they must send TO the Controller list
Of all the taxable inhabitants OF their respective towns
and cities the receipt OF these lists the Controller
must get out blank inventory lists six times the
Der of the taxable inhabitants which lists turn
To be sent to the and cities OF the State for dis
trbutiOn among the taxpayers. The blanks referred
TO must contain questions which will, when answered,
give the the value OF the incomes Of the tax
payers. The taxpayers are divided into nine classes
and every one having income OF $50 must
pay tax follows, in accordance with the amount
OF the income:
First class, incomes exceeding $3.50 and not exceed
ing $500, mill each dollar Of income; second class
incomes exceeding $500, and not exceeding 81 900,
IL mills; third. incomes exceeding 81 900. and not
exceeding 81 800 mills fourth, incomes exceeding
81 800, and not exceeding $1,000. mills; fifth, in
exceeding So 900. and not exceeding $1,000
31-2 mills; Sixth. incomes exceeding $1,000, and
not exceeding $4,000. mills seventh, incomes
cecding IS 900, and not exceeding $4,000. mills ;
eighth. incomes exceeding $4,000 and not exceeding
$4,000, mills; ninth. incomes exceeding $4,000,
10 mills Deductions from the amounts Of the in
comes can be made 10 the value Of the cost price OF
goods sold the wages paid 10 employees, the cost Of
raw materials to manufacturers, and the cost Of seeds
cuttings plants, ETC.. for farmers together with the
interest actually paid on goods 10 be sold Here Is an
important section regarding the incomes to be taxed
All incomes arising from the dividends stocks or
shares any corporation from revenues OF express COM
panics telephone telegraph transportation companies
or from bonds. prOmisSory notes or
evidences OF indebtedness of such corporation or
from bonds mortgages. prom'ss0ry notes
or other evidences OF Indebtedness Of individuals
yorations al arising from the rental OF any real
estate from the rental any tencnrents buildings and
machines shall be assessed their fair amounts
whuot any dcduyt0n for commissions other charges
The fees OF professional men 10 be assessed az
their full value and lands, whether occupied or not
are to be assessed at their rental value one of tho
principal parts Of the bill is section 10, which is as FOL
lows
When the amount OF the appropriation
Legislature annual session shall have
asceraneo by the Controller he shall proceed 70 fix
which the several classes shall he re-
quired 10 pay meet the appropriation 30 made by the
Legislature and shall transmit the same to the
county the several counties and the city treas
uIers State. And the boards Of
supovisors several counties and in counties where
there boards OF supervisors the officers Of such
counties perform the same or similar duties as DO
boards OF supervisors shall their annual session, levy
the Aforesaid the purpose OF the State ard shall add
thereto rate them the
penses and shall authorize the supervisors OF
the several ada to the rate formed for the
state and county deay the expenses
OF wards which tax when so rated.
collected By the tax collectors OF the several towns
ana cities OF STATE forwarded the county
urer OF them required by law.
Each taxpayer is compelled to take an oath that he
has given true 10 the questions his in
come and a wilful misstatemcnt 10 the amount of
income punishable hv a hne OF al 900, or by i'm
prs0nment In county jail for six months, BOTH at
the discretion of the court