John Sherman's Recollections of Forty Years in the House, Senate and Cabinet; An Autobiography Illustrated with Portraits, Fac-Simile Letters, Scenes,

John Sherman's Recollections of Forty Years in the House, Senate and Cabinet; An Autobiography Illustrated with Portraits, Fac-Simile Letters, Scenes,

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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. 1895 edition. Excerpt: ...system of internal revenue. It created a new office in the treasury department, to be called the office of commissioner of internal revenue. No less than thirteen acts of Congress were passed prior to August 1,1866, enlarging and defining the duties of the office, and prescribing the taxes imposed by these several laws. When this act was first framed we anticipated much greater difficulties in the collection of the tax than actually occurred. We had doubts whether the taxation imposed by this law would be patiently submitted to by our constituents, but these misgivings soon disappeared and the taxes imposed by that act were cheerfully and promptly paid. I gave to the study and consideration of this act, and the various amendatory acts, a large portion of my time. At the end of the war internal taxes were cheerfully paid by the people, and yielded far more revenue to the government than the customs duties and all other sources of revenue combined. The receipts from internal revenue for the first four years under this law were as follows: For the year ending June 30, 1863 137,640,787 For the year ending June 30, 1864 117,145,748 For the year ending June 30, 1865 211,129,529 For the year ending June 30, 1866 310,906,984 These taxes were mainly upon spirits, tobacco and beer, but they also included stamp taxes of various kinds, special taxes on particular industries, and income taxes, so that practically nearly all forms of domestic manufactures were subject to a greater or less tax, according to the nature of the article. So sweeping were the provisions that it was frequently a matter of joke as well as comment. Some one remarked to Senator Collamer that everything was taxed except coffins. He rejoined: " Don't say that to Sherman or he will...show more

Product details

  • Paperback | 240 pages
  • 189 x 246 x 13mm | 435g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236503988
  • 9781236503985