The Placer herald. [volume] (Auburn, Placer County, Calif.) 1855-1991, 1861-09-07
NUMBER l..
The Direct Tax and the Income Tax.

The Direct lax ana the income lax.
The following are sections from the bill lately
passed by Congress for levyng direct tax and
an income tax:
Sec 8. find be 1t further enacted. That for
the purpose of assessing the above tax and col.
lectng the same, together with the internal du.
ties excise, and income tax hereinafter provided,
the Secretary of the Treasury be, and is hereby
authorized to divide. respectively, the States and
Territories of the United States and the District
of Columbia into convenient collection districts,
and to appoint an assessor and collector for each
such district who shall be freehoders and lesi.
dent within the same: Provided, That any Of
the said States and Territories, as we'll rs the
District Of Columbia, may, ir the Secretary Of
the Treasury shall deem it proper, be erected in-
| to one district.
SEC. IL. .qnd 81 it further enacted, That each
Of the assessors shall divide his district into q
convenient number of assessment districts, with
in each of which he shall appoint one respectable
irceholder to be assistant assessor.
SEC. Is. find be 1t further enacted. That the
said direct laid by this act shall be assessed
and laid on the value of all lands and lots Of
ground with their improv vements and dwelling
houses which several articles subject to taxation
shall be enumerated and valued, by the respec.
tive assessors at the rate each OF them is worth
in money on the lst day Of April, 1862: Provi.
ded ho'oever, That all property, of whatever
kind, coming within any of the fOregO-
ing descriptions and belonging to the United
States or any State, or permanently or specially
exempted from taxation by the laws of the State
wherein the same may be situated at the time of
the passage Of this act, together with such prop
| crty belonging to my individual, who actually
resides thereon, rs shall be worth the sum of $780,
shall be exempted from the aforesaid erfumera-
tion and valuation and from the direct tax aiore
sad .Aad propided further, That in making
such assessment, due regard shall be had to any
valuation that inoy have been made under the
authority OF the State OF Territory at any period
nearest to said lst day of April.
There is pretty big amount Of taxation, but
more is to come. We give the following from
the income tax, which is in additions:
SEC so. .4nd be it further enacted, That from
and after the LIST day of January next, there
shall be levied collected, and paid upon the an
nual income of every person residing in the
United States, whether such income is derived
from any kind of property, or from any profes.
sion, trade employment, or vocation carried on
in the United States or elsewhere. or from any
other source whatever, il such annual income
exceeds the sum OF eight hundred dollars, n tax
Of three per centum on the amount OF such ex-
cess or such income above ight hundred dollars;
Provided, That upon such portions of said in
come rs shall be derived from interest upon
treasury notes or other securities OF the United
States, there shall be levied, collected, and paid
a tax of two and half per centum. Upon
the income, rents. or dividends, accrung upon
any property, securities, or stocks owned in the
United States 10y any citizen of the United
States residing abroad, there shall be levied, col
lectel. aud paid Il tax of five per centum, ex.
ceptihg that portion of said income derived
from interest on Treasury notes and other securi-
ties of the Government of the United States,
which shall pay one and ehalf per centum.
SEC. SO. .and be it further enacted That it
shall be the duty of the President of the United
States, and he is hereby authorized. by and with
the advice and consent of the Senate to appoint
one principal collector in each OF the States and
Territories Of the United States, to assess and
collect the taxes imposed by the first section Of
this act, with authority in each of said officers
to appoint so many assistants as the public ser
vice may require. to be approved by the SecrC-
tlry of the Treasury.
If the tax is not paid when due, it draws six
par cent per annum until paid. 1t will be seen
by the following that the unlucky wight WHO
DOES NOT PAY HIS INCOME TAX. WILL BE THROWN
INTO JAIL AND KEPT THERE! Here's land of lib.
erty for you
And the several collector and assistants ap-
pointed under the authority of this act may, If
they find property to satisfy the taxes assessed
upon any person by authority of the 49th Sec
tien of this act, and which such person neglects
to pay, as hereinbefore provided shall have pow
er, and it shall be their duty, to arrest such per-
son and &C mnit him to prison. to be held in Gus
tody until the same shall be paid, with interest
thereon at the rate of six per centum per annum,
from the time when the same WAS payable
aforesaid, and all fees and charges Of such COM
ntment and custody
A "SrAND FIRM" SHNxroR FROM TWO
PoINrs OF VlEw-I called upon General
Mcdowell and expressed my dissent to the
policy of fighting the enemy at that time.
Senator Wilson was present, and looked at
me, when made the remark, as though
was coward -Ncjor Burnside.
While Senator Wilson was making his
mastery retreat in Virginia, on being repul
sed by a teanster, whose wagon he sought
to occupy, he protested in plaintive accents,
that he was Henry Wilson, of Massachusetts.
The responst of the tealnster was to the
point. Henry Wilson be id! | have
kicked him flo the wagon six times already"
" Y. Express.
ANXIETY OF THE SPANISH GOVERNMENT.
| Tho Cho,loetnn /S GN Norcu., loorua