Collection of Circulars and Specials

Collection of Circulars and Specials

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1871 edition. Excerpt: ...But in applying this provision we must be careful not to forget its object, nor to make an applica. tion of it so as to cause it to operate severely upon the very interests it was intended to protect. We are not to suppose that Congress designed to send an Assistant Assessor into every machine or wheelwright shop in the country to tax every piece of manufacture the tradesman makes and uses in building a spinning-wheel, a cart, or a carriage, though he might have purchased something of the same kind in a neighboring city. Such an interpretation would be to give a harsh expression to a law intended to be benign. On the other band, it is equally unreasonable to suppose that where a manufacturer casts a thousand nuts or burrs, which he may use in the construction of any one of a thousand engines or other machinery, he should not be taxed on what he so consumes in his business. The proper line, as near as we can draw it, is this: When a manufacturer makes a casting specially for a particular machine which he is engaged in constructing, and which is intended to have no other use, the manufacture is to be taxed in its finished state, as a whole, and not in parts. With this explanation it will not be difficult for Assistant Assessors to determine what manufactures designed for use consumed in another manufacture are taxable, and what parts of manufactures designed for a special and particular object, and never a complete manufacture in themselves, are not taxable. It is for them, in most cases, under the general instructions we give, to apply the line and the plummet to the particular case, and tax or not, as circumstances shall appear to require. JOSEPH J. LEWIS, Commissioner. SPECIAL No. 10. Concerning the Collection of the Special Income Tax, Demand...show more

Product details

  • Paperback | 176 pages
  • 189 x 246 x 10mm | 327g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236530322
  • 9781236530325