The Democratic press. (Eaton, Preble County, Ohio) 1860-1865, 1861-09-05


and incomes, which pa6iits, gains
and incomes are or shaRbc derived
from sources other than ahe proper
ty by this act subjccted4o a direct
tax, for the year preceding the first
day of April, 1862, and each year
thereafter, beyond the Alm of eight
hundred dollars, DERIVED from any
source or business, tradsb brvocation,
dividends of stocks, gn,erost Of
money or deposits, salAe3, interest
on leagsaeiss, annaiti% orr derived
from any other source, within or
beyond the boundaries of the
United States, shall be subject to
anG pay a tax Of three per ccntum,
on the first day Of April in each
year from and after the passage Of
this act; and in computing such
profits, gains and incomes, there
shall be deducted, besides the sum
of eight hundred dollars as afore-
said, all local or State taxes, the
wages paid for labor, and other
charges incident to such profits,
gains and incomes, Lot incIuiin@
personal and tamily expense. in
such manner as to leave the annual
net income Of such and every per-
son, excepting the deductions here
tobefore and hereafter mentioned
subject to taxation under the pro-
visions of this act: provided, that
no person, member or corporator
of any company, institution, asso-
ciation, or corporation, charged or
chargeable with q tax under this
act, shall be required or be subjected
individually to taxation for his or
her share Of the profits, gains or
incomes of such company, institu-
ton, association or corporation
which shall have been taxed under
the provisions Of this act and paid
in whole by said company, institu-
ton, association or corporation !;
but where the income tax is derived
from persons residing abroad, but
drawing money from their proper
ty in this country, the rate shall be
five per cent. per anuuln.
Each and every person, company,
Institution, association, corporate
or not corporate, ana 'oorporator, as
mentionedi in the preceding section,
shall, on the first day Of April next,
and each year thereafter, cause a
statement to be prepared and veri-
fed by the oath Of such person, or
by the oath of the principal man
ager of such company, institution,
association, corporate or not corpo-
rate, which statement shall exhibit
the amount Of profits, gains and
incomes Of said person, company,
institution, association, corporate
or not corporate, for the year
ending on the said first day Of April,
which statement shall, within thirty
days from the first day Of April, be
lodged with the collector Of excise
or internal taxes for the district III
which the eprincipaIpIa ofbusiness
ofsuch person orpcrsons, company,
association, institution, corporate
or not corporate, is situated; and
it shall be the duty of such collector
to give public notice that he will
attend at convenient places to
receive such statement and the
amount of taX'or duty payable
thereon, and shall give receipt or
receipts for the amount pHd ; and
If any person or persons earning or
having profits, gains or incomes, in
his own right or in trust, above the
sum of eight hundred dollars, as
hereinbeiore mentioned, shall neg
Iect or refuse to cause such state
ment to be made, lodged with the
collector and certified, as aforesaid, !
the amount Of tax or duty may and |
shall be fixed by the collector, and
after ten days notice of the amount
50 fixed, ifnot paid, such amount
may be levied by distraint in the
manner prescribed in other cases
Of delinquency by this act.
A deduction Of fifteen per cent. |
when the State assumes, assesses
and collects the direct income and |
excise taxes for the federal govern.
ment is allowed.
These, it will be remembered,
are United States direct taxes, to
be gathered by the United States
tax collector. This is an officer
that few men now living have ever
seen. Since the war with England
in 1872 he has not showed his
countenancc or made his appear
ance upon the stage. This is not
all. Tea has heretofore been free
of duty. Now, when q man buys
a pound Of that article, he gives
fifteen cents duty to the Govern
mont, regardless Of the price. If
he uses twenty pounds a year, his
tax is three dollars for that article.
On coffee he is to be taxed four
cents for every pound he buys.
Upon sugar and moIasscs and teas
he is to be taxed fifty to one hun
drcd per cent. higher tAan he was
ever taxed before, SO it is upon
most other nccessaries and luxuries
nf lifn