The Atlantic Monthly, Volume 17, No. 103, May, 1866: A Magazine of Literature, Science, Art, and PoliticsVarious
General
The Atlantic Monthly, Volume 17, No. 103, May, 1866: A Magazine of Literature, Science, Art, and Politics
Various
American periodicals
Direct Taxes, $63,072,280
Registry Stamps and Public Domains, 81,537,833
Forests, 8,051,300
Customs and Duties on Salt, 29,485,000
Indirect Taxes, 115,600,400
Post-Office, 14,482,000
Sundry Revenues, 26,441,989
Miscellaneous, 11,736,360
-----------
Total, $350,407,212
Also, the revenues of Great Britain and Ireland for 1865, viz.:--
Customs, $115,023,808
Excise, 97,048,180
Stamps, 47,659,870
Fund and assessed Taxes, 16,439,670
Income and Property Taxes, 39,928,865
Post-Office, 20,852,197
Grain Lands, 2,212,000
Miscellaneous, 14,967,183
-----------
Total $354,131,773
If from these returns we deduct the earnings of the Post-Office
Department, which are not included in the Commission's estimate of
revenue for the United States, that estimate will exceed the returns of
revenue for France or the United Kingdom by more than thirty millions,
although the expenses of each of these countries are at least fifty
millions more than the computed expenses of our own. It is obvious,
therefore, from the Report of the Commission, that we may dispense with
the fifty-nine millions from income tax and the duties on
transportation, and still have a margin of more than thirty millions to
cover contingencies and provide for the gradual reduction of the debt.
Such a victory in finance achieved the first year after the war would
give us a second great national triumph.
Public-domain text, read in full here on John Shaqi.
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