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Litchfield, Litchfield County, Connecticut
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Yarmouth Register reports that Honest Levi, Van Buren's Secretary of the Treasury, recommended a 20% tax on luxuries including tea, coffee, and silks in a January 18, 1841 report to yield five million dollars in revenue.
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"Suppose, then, that there should be selected from the free articles, those which may be regarded most as luxurious, though not in every respect belonging to that class: such are Tea, Coffee, and Silks: should we then add to them others, conflicting with similar American productions, such as worsteds, linens, &c., and the aggregate deducting the amount re-exported would be $25,026,448. A duty of 20 per cent on those, after paying the expenses of collection, would yield about the same amount of five millions. This seems to contain the general data for the most eligible and unexceptionable revision."
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Domestic News Details
Event Date
18th Of January, 1841
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Honest Levi, Mr. Van Buren's Secretary of the Treasury, recommended a tax of 20 per cent on luxuries such as Tea, Coffee, and Silks, along with items conflicting with American productions like worsteds and linens, estimating the aggregate value at $25,026,448 after deducting re-exports, to yield about five millions after collection expenses.