New-York tribune., 1901-06-22
LIFTING TAX BURDENS
PROVISIONS OF THE WAR REVENUE
REDUCTION ACT. WHICH GOES lNIo
EFFECT on JULY !.
rnr TELEGRAPH TO THE rarBuHE.l

Nfted from the shoulders Of the taNfaylng pupilc
generous share Of the special burdens Imposed
49, ,,ears ago 10 meet the outlay made neces
.arv by the war with Spain OF these emergency
,mposS few have borne with any noticeable sever
.ty on business industry. Even the perNaSNe
stamo taxes ordinarily veNatious and unpopu-
lar have provoked only the mildest and least IT.
ritated public comment The measure OF rehei
afforded by last winters legislation was prompted
therefore. not so much by popular pressure ior the
reductions made by polite purpose on the part
Of Congress to dispense with certain clearly super
fuous sources Of revenue. The discontinuance OF
q few nposts like the stamp taxes on checks. tele-
grams. money orders and express receipts VIII De
hailed 10y the public remission of burdens IN
Volving much less pecuniary sacrifice than per
sonal Inconvenience The reductions made in other
directions viii felt by the average observer.
They represent Treasury retrenchments in fields
Of taxation which have been exploited for years,
and In which a government can always find with
out friction the resources necessary TO meet any
sudden or urgent financial drain.
The act Of June l3. 1898. imposed special emer-
eency duties malt liquors. tobaceos. teas. mixed
hours. wines. documents, proprietary medicines
and preparations. inhertances and occupations
The tax laid tea an import duty Of 10 cents
q pcund-a rate which left unaltered by last
winters supplementary legislation All the other
Imposts fell under the head of internal taxation
Under the Of June 1S 1895 the internal revenue
tax beers ales and porters was increased from
D 10 50 a barrel the barrel being counted thirty
allowed on all stamp sales TO brewers BY the
NEW law this discount abolished and the tax
Is reduced from So to 81 60 barrel.
THE REDUCTIONS ON TOBACCO.
Under both laws a tax OF u a pound is
ileyied on tobacco and snuff. but by later act
discount OF 20 per cent is authorized all sales
of stamps be affixed TO packages OF manu-
factured tobacco and snuff. The cigars
weighing more than three pounds a thousand is
frp, ~ "a md On tNio
weighing less than three pounds thousand the
tax is changed from 81 a thousand TO Is cents
pound As all cigars and cigarettes weighing less
than three pounds thousand held for pur-
poses of taxation weigh even three pounds
the rate the lighter grade has declined from
81 thousand 10 "a cents thousand. The tax
on cigarettes weighing more than three pounds
Thousand remains at SO 60 thousand. Cigarettes
weighing not more than three pounds thousand
paid under the law Of 1898 of 81 a thousand.
BY the law these lighter varieties divided
into classes. Those valued wholesale a
than 50 a thousand will pay is cents a
pound. 81 cents a thousand. Those valued a
more than 50 thousand Will pay SO cents pound.
81 0S a thousand-eight cents more than under
the law OF ls9s. On all stocks Of unbroken pack
Of smoking and manufactured tobacco and
snuff held on July a rebate will be paid equal
the discount reduction in stamp taxes authorized
by the new law, but claim of rebate Will be al
lowed which amounts to less than SO. No rebate
will he paid stamps affixed packages Of
cigarettes. No change is made by the law in
the schedule Of special occupation imposed
tobacco dealers and manufacturers. Dealers in
leaf tobacco and manufacturers Of tobacco whose
annual sales not 10000 pounds pay
annual tax Of So if the annual sales are over
10000 pounds and not over 100000 pounds. the tax
IS So; if over 100000 pounds. S24. Dealers in
manufactured tobacco whose annual sales exceed
10000 pounds pay annual tax Of sl2. Manu-
facturers OF cigars whose annual sales do not ex-
ceed 100000 pay So a year; if the sales exceed
100000 and less than 100000 the tax is So: IL
they exceed 100000 il is s24
All The special stamp taxes levied on proprietary
medicines and preparations by the act Of 1898
repealed by the law. The taxes on wines
bottled for sale remain unaltered-one cent on
each bottle containing pint less. and two cents
each bottle containing more than one pint
In the schedule Of license or occupation taxes
only two changes made by last winters legis-
lation- The tax Of $50 = year paid by commercial
brokers is repealed. while an additional tax of
$50 is assessed on brokers who carry a bucket
shop" business. These license taxes remain in
force:
g.: 9. $50 and for $1,000 Of cap
IIsis Brokers who have .o not paid bankers. $50
Brokers. Class No ?. commonly known as bucket
posed e-si,7n. on brokers tC proper SO
cities harins over p 900 population, 500
state or Territor sIoo aA ooeeoie once within each
pTe,ors or agents ot an other shows SO
alley OF table. -
hehners OF petroleum and sugar pay one-fourth OF
one per cent all gross annual receipts in excess
OF $4,000. Manufacturers OF mixed -four" pay a
license or occupation tax Of Sl2 year as well as a
stamp tax Of cents a barrel
DOCUMENTARY TAXES THAT ARE RE-
PEALED
In the schedule Of documentary taxes napv rad
zeal changes are made. These taxes have been re-
pealed outright.
Bank checks
Certificates II damage - cents
Certificates Of deposit > cents
Certificates not olherWise specified. 10 cents
Sight drafts > cents
Express
,nand and fire. j cent on esn 81 IN T Sfn f.oD sloo marine
sssusly fdHliy and guaranty, Z 500 or
Leases. . cents to 81.
Manifest for custom house entry 81 10 S.
aefRage or conveyance in trust . cents for each
order for payment Of money on sight or on demand.
Power Of attorney 10 vote 10 cents
Power Of attorney 20 sell . cents
Pronllssory notes. cents for each 500.
Teeggsphic messages. cent.
Telephone ]
Posiofhoe money orders. sl00
warehouse receipts. % cents
few other stamp taxes have been reduced hui
not wholly abolished. Conveyances Of realty are
now taxed the of 20 cents for each $500
After July transfers of real property worth less
than $3.50 will be exempt from tax II the value
exceeds $500 and does not exceed 5000 the STAMP
tax will hereafter be 25 cents with 25 cents addi-
tional for each 500 in excess OF 5000 Bills OF x
change Goreign) letters of credit telegraph orders
FOR money issued by express companies drawn IN
but payable OF the United States are ~ nav
II drawn singly two cents. instead of four cents