Juliet signal. [volume] (Juliet [i.e. Joliet], Ill.) 1844-1???, 1861-08-13
The Direct and Income Tax.

poses direct tax annually Of $50 100000
appcrtioned among the several States and
Territories, according TO their representa-
tive population. The annual tax Of Hi
nsis will be 81, 146,55l.
ASSESSORS AID COLLECTORS.
Section 9, 10, IL and II of the bill de-
elares the mode of appointing assessors and
collectors, and their duties. The Secretary
Of the Treasury will divide the State, Ter~
ritories and District of Columbia into con-
veDiept districts, and appoint an assessor
and collector, who must be freeholders and
residents in each district. They must give
suitable bonds, and take cath to execute.
their Offices faithfully.
NODE oP ASSESSMENT
Sec. Is, IA, Is and l6 enact the mode of
assessment. The direct tax laid by the
acts is to be assessed and laid on the value
of oil lands and lots of ground, with their
improvements and dwelling houses, which
several articles subject to taxation shall be
enumerated and valued oy the respective
assessors at the rate each Of them is worth
in money on the first day of April, 1862:
Provided however, that all property OF
whatever kind coming within any of the
foregoing descriptions, and belonging to
the United States or any State, or perma-
nently or specially exempted from taxation
by the laws of the State wherein the same
Day be situated ut the time of the passage
Of this act, together with such property
belonging TO any individual, who actually
resides thereon, as shall be worth the sum
of Eve hundred dollars, shall be exempted
from the aforesaid enum GRAFTON and yalua
tion, and from the direct tax aforesaid -
And ProUided further, That, in making
such assessment, due regard shall be had
30 any violation that may have been made
under the authority of the State or Terri
tory a. any period nearest to said first day
Of April
Persons will be required to give written
lists Of lots and dwellings Liable to direct
tax, III default Of which, OF in case of
FRAUDULENT return, the assessor Will make
such lists and in case Of fraud the person
offending may also BIO convicted before any
court having competent jurisdiction, and
fined $500.
UNPAID TAXES.
See. SO provides that when any tax shall
remain unpaid for the term Of one year,
the collector in the State whore the prop
ty lies, having first advertised the same for
sixty days in at least cue newspaper in the
State, shall proceed to sell, at public sale,
% much Of the said property as may be
necessary TO satisfy the taxes due thereon ;
together with an addition of twenty per
seDtum thereon or if such property is not
Invisible, as Aforesaid, the whole thereof
shall be sold and accounted for in the man
ner hereinbefOre provided. ftbe property
advertised for sale cannot be sold for the
smount of the tax due thereon, with the
said addition thereon, the collector shall
purchase the same in behalf of .he United
States for such amount and addition.
WHAT TIRE STATES MAY DO.
Sec. 40 enacts that any State NAV as
sumo and LAY into the treasury If the
United States its quota of the tag in its
own way and manner, by and through its
own officers, assessors and collectors; that
il shall be lawful to use for this purpose
the last or any Subsequent valuation made
for the purpose of State taxation, and any
such State which shall give jtce to the
Secretary Of the Treasury, or OF before
the second Tuesday of February next, and
In each succeeding year thereafter, of its
intention to assume and pay the direct tax
imposed by this act, shall be entitled to a
deduction of ffteeu per centum on the
quota apportioned to sBeh State: IiOrtded,
however, That the deduction shall only
apply to such part of the same as thall be
paid into the treasury by the last day Of
June in the year to which such payment
relates, and a deduction Of ten per ceptum
TO such part shall b. paid by the last day
Of September.
Sections AZ to 81 further regulates the
qualifications and powers Of collectors.
THE INCOME TAX.
Sec. 50 relates to the income tax, and we
give it in full.
lind be IL further enacted That from
and after tho first day of January next
there shall be levied, collected, and paid
upon the annual income oe every person
residing in the United States, whether
such income is derived from any kind of
property, or from any profession, trade.
employment, or vocation carried on in the
uHited States, or elsewhere, or from anv
other source whatever. if such annual in
come exceeds the sum of eight hundred
dollars, tax Of three per eentum on the
amount Of such excess of such income
above eight hundred dollars: Pr0rided,
That upon such portion of said income as
shall be derived from interest upon Treas
ury notes, or other securities of the United
States, there shall be levied, collected, and
paid tax of two and one half per centum.
Upon the income, rents, or dividends, ac-
cruing upon any property, securities, or
stocks owned ja the United States by any
citizen of the United States residing
abroad, there shall be levied, collected, and
paid, tax Of five per centum, excepting
that portion of said income derived from
interest on Treasury notes and other secu-
rites OF the government Of the United
States, which shall pay one and one half
per ccntum. The tax herein provided
shall be assessed upon the annual income
OF the persons herein named for the year
next preceding the time for assessing said
tax, to wit: the year next preceding the
first OF January, eighteen hundred and
sixty two /; and the said taxes, when so as
sessed and made public, shall become a
hen on the property Of other sources Of
said income for the amount of the same
with the interest and other expenses of
collection until paid: ProUided, That all
local taxes assessed upon this property from
which the income is derived shall be first
deducted.
Sec. SO provides for the appointment of
assessors and collectors of the income tax,
and the details Of its collection.
Sec. 81 makes the tax pas able on or be-
fore the thirtieth day of June, and author
ICES the usual course of distraiDt in case of
non payment.
Sec 90 provides that, in case the provi-
stems of this act Cannot be executed in any
State at the time it goes into effect, it shall
be the duty of the President to have its
provisions executed 30 soon as the authority
Of the United States shall be re estab ished,
and to collect the sums which would have
been due from the persons residing or hold
ing property or stocks therein, with the
interests due, at the rate Of six per centum
per annum thereon until paid.
No TaIker.
BY the following extract from Carlo
letter we judge that Gen. Fremont has been