Taxation And Taxes in the United States Under the Internal Revenue System 1791
The book Taxation And Taxes in the United States Under the Internal Revenue System 1791 was written by author Frederic Clemson Howe Here you can read free online of Taxation And Taxes in the United States Under the Internal Revenue System 1791 book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Taxation And Taxes in the United States Under the Internal Revenue System 1791 a good or bad book?
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142 THE INTERNAL REVENUE SYSTEM. 1. The Tax Rates and the Revenue. Contrary to all expectations and all known rules of calculation, the advance of the rate to $1. 50 and $2. 00 per gallon produced no corresponding increase in the revenues. During the ten months of the fiscal year 1863, the tax was uniformly twenty cents per gallon, and the revenues therefrom $3, 229, 990, collected from 16, 149, 954 gallons of spirits. Accepting as accurate the census figures on the production of the country, w...hich placed the annual output in 1860 at upwards of 90, 000, - 000 of gallons, this was rather an unsatisfactory show- ing. There is reason for believing this an over-estimate, however ; for even in 1864, when the desire to anticipate the tax gave a decided stimulus to production, the num- ber of gallons upon which the tax was paid was but 85, 295, 391. The rate for this latter fiscal year was sixty cents per gallon, although during the earlier months the old rate reigned, and the receipts there- from rose to $28, 431, 797.
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