The United States Federal Internal Tax History from 1861 to 1871

The United States Federal Internal Tax History from 1861 to 1871

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1914 edition. Excerpt: ...failure to use stamps as required by law for articles in Schedule B was $50 and the document or paper was deemed invalid and of no effect; for the sale of articles in Schedule C, without affixing thereto a stamp, the penalty was $10. The forging or counterfeiting of stamps or dies was made punishable by a fine not exceeding $1000 and imprisonment and confinement at hard labor not exceeding five years. Any person using a stamp, the die for which was furnished by the Government, was required to cancel it by writing his initials and the date on it, so that it could not again be used; and the penalty for failure to cancel such stamps was $50. Any person selling articles, requiring a stamp under Schedule C, had the privilege of furnishing his own dies or designs for stamps, to be approved by the Commissioner of Internal Revenues; and when such stamps were used it was required that they should be so affixed that in opening the package they would be destroyed. The penalty for a failure to do this was the same as for not using stamps. 1 There was a Schedule A in this law, but it provided for the levying of taxes on carriages, yachts, billiard tables, and gold and silver plate, and not for stamp taxes. Cf. infra, pp. 253-56. 2 Table XIII in the Appendix gives a list of the stamp taxes with the changes made by different Acts of Congress. Cong. Globe, 2d Sess., 37th Cong., 1861-02, p. 1196, col. 2. Ibid., p. 1511, col. 2. Ibid., p. 1513, cols. 1-2.. Ibid., p. 2518, col. 1. 'Ibid., p. 2875, col. 1. Besides these general penalties, special penalties were provided for certain cases. Any person who made or issued a bill of exchange, draft, order, or promissory note, without affixing the proper stamp, was liable to a fine of $200; and the...show more

Product details

  • Paperback
  • 189 x 246 x 6mm | 200g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236927834
  • 9781236927835