Wednesday, August 17, 2011

The New York Tribune thinks . . .


. . . there will be no want of money, if every body else is taxed in the same ratio as newspaper publishers, by the new national tax bill.  It says:

We are required by this bill, in addition to the taxes which we must pay in common with all property holders and consumers, to pay three mills per pound on all the paper we print, three per cent on the value of the newspapers we issue, and a per centage on the advertisements we insert, and the telegraphic dispatches we receive, amounting in all to about $25,000 per annum!  It strikes us that this is more than our fair quota – that there can be no necessity for bearing so heavily (we think disproportionately) on the business of printing and issuing newspapers – that our fair quota of One Hundred Millions that ought to be raised by Excise duties in considerably less than this.

We think so too.

– Published in The Davenport Daily Gazette, Davenport, Iowa, Thursday Morning, March 13, 1862, p. 2

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