00,000.
To these they add for excise, viz.:--
From five cents per pound on Cotton, $40,000,000
One dollar per gallon on Spirits, 40,000,000
Duties on Tobacco, 18,000,000
Malt Liquors at one dollar only per barrel, 5,000,000
Twenty cents per gallon on Refined Petroleum, 3,000,000
From Spirits of Turpentine and Rosin, 2,000,000
-----------
$108,000,000
Licenses, $15,000,000
Stamps, 20,000,000
Banks, 15,000,000
Salaries, Sales, and Successions, 9,000,000
-----------
$59,000,000
They thus provide a revenue of $318,000,000, or $30,000,000 more than
that required by the Secretary,--a surplus which, with the annual excess
of duties, to say nothing of the future growth of revenue, would
extinguish our debt in little more than thirty years. But to guard
against all contingencies, they propose to levy on incomes taxes to the
amount of $40,000,000; and on the gross receipts of railways, bridges,
canals, and stages, $9,000,000. These change the aggregate to
$367,000,000; an excess of $81,000,000 over the estimate of our
requirements by the Secretary.
* * * * *
The Commission give us the Budget of France in the following summary,
viz.:--
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
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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,
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