Republican Party; Its History, Principles and Policies

Republican Party; Its History, Principles and Policies

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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. 1900 edition. Excerpt: ...from occupations 8,964,869 Bank capital and deposits 65,056,539 Adhesive stamps upon proprietary medicines, matches, eic. 209,717,217 Miscellaneous items 36,064,456 Oleomargarine and special taxes on dealers therein 723,948 $3,56Q.i74.6i& From the direct tax 15,139,981 From the National banks on capital, circulation, and deposits 132.592.753 Total $3.716,907,352 Thus it will be seen that the receipts of revenue from these laws, called into being by the exigencies of the Civil War, have been during a period of twenty-five years more than three billion seven hundred million dollars, and that $2,264, -498,241 were collected from distilled spirits, tobacco and cigars, and malt liquors--articles of indulgence, the purchase of which (and therefore the payment of the tax) might have been avoided at the pleasure of the tax-payer. While it is true that in 1791, and again in 1813, laws were enacted levying internal taxes upon distilled spirits, carriages, snuff, refined sugars, salt, auction sales, distilleries, licenses for retailing wines and spirits, bills of exchange, bank notes, promissory notes, etc., etc., the taxes were low and the amount of revenue received was small, and but few officers were employed; and the laws were continued only a few years. So in point of fact this broad and comprehensive system of taxation was new and untried. Its extraordinary success has vindicated the wisdom and the capacity of the Republican law-makers who placed these acts upon the statute-books. This new system of taxation was in many respects experimental, both as to the laws and the manner of their enforcement. As an illustration of this, it may be cited that the tax on distilled spirits was first fixed at 20 cents per gallon, and was afterwards changed to 60 cents,show more

Product details

  • Paperback | 158 pages
  • 189 x 246 x 9mm | 295g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236664884
  • 9781236664884