Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1861-08-07

Louisiana 3S5,SS6 Nevada, 459Z
Ohio, ,56I ,0S9 Colorado, zz9Oo
Kentucky 1855 Dakota, 324l
Tennessee 669, 49S Dist. Columbia, 49,437
The states and territories are to be divided
into collection districts, from each of which
resident ireehoder is to be appointed assessor
and collector, by the secretary of the treasury,
after the second Tuesday in February, 1862.
The several subsequent sections prescribe the
duties of assessors, the modes of assessment,
the penalties for fraudulent returns, and give
other preliminary instructions. The direct
tax will be assessed on the value of lands with
their improvements and dwelling houses, at
the rale each of them is worth in money on
the LIST of April, 1862. Provision is made
for appeal from the valuation of assistant
assessors to the board of assessors, of which
meetings for final revision ample public no.
tice is to be given TO property holders liable 10
the direct tax. The compensation of the as
sc ssor is regulated by his duties, but is in no
event 10 exceed S2500, nor that of the assis-
tant assessor $1,000, of both of whom ample
an d satisfactory bonds are required. In ca
ses of unpaid taxes at the expiration of a year
after the tax is laid, :he assessor is authorized
to seize and sell so much Of the property as
sessed as will satisfy the taxes thereon, with
the addition of twenty per cent, and is en-
powered 10 make such changes and transfers
as is usual and necessary in such cases
The excise tax levies duty of five cents
Oh every gallon of spirits distilled alter the
first of April next, and a duty of two cents
gallon on ale, porter, beer and other similar fer
mented liquors, by whatever name they may
be called, manufactured in the United States
or territories after the above date. The OWL
ers, agents, or superintendents of distilleries
or breweries are required 10 give bonds OF not
less than the estimated duties for one year,
that they will IRON day 10 day keep a true and
exact account of the quantities of spirits
or fermented liquors manufactured, which
record in the original transcript, shall
he delivered at stated periods to the collector,
verified by oath. Spirits or iermented liquors
have not been paid as above, are forfeited and
may be seized us such by any collector of in
ternal duties. Various penalties are provided
for the evasion of the requirements OF this act
and for hndering On obstructing collectors in
the discharge of their office. The tax upon
carriages, ''the <b6dy of which rests upon
springs of any description" and "not excu.
sivey employed tor the transportation Of
merchandise, lis, for those not exceeding $50 in
value, 81, and for those above $1,000 in value
$50, the tax upon all others being graded be-
tween these extremes according TO their value.
The law also imposes tax OF ST on every
gold watch, and so cents on every silver watch
kept for use. Collectors are required to keep
a registration of carriages and watches owned
in their respective districts, and TO make col.
lection of duties as provided in relation to other
classes of properly. The following section
relating to the income tax concerns every one,
and we give it in full, excepting only the I'M
essential repetitions which may be supplied
where they are needed:
That persons earning or having profits, gains
and incomes, III their own right or in trust, and
all companies, institutions, associations, cor
pOrate or not corporate, and cOrporators, earn
ing or having profits, gains and incomes, which
are or shall be derived from sources other than
the property by this act subjected to a direct
tax, Tor the year preceding the first day of
April, eighteen hundred and sixty-two, and
each year thereafter, beyond the sum of eight
hundred dollars, derived from any source of
business, trade, or vocation, dividends of
stocks, interest OF money or debts, salaries in
terest or legaces, annuities, or derived FROM
any other source, within or beyond the boun.
daries Of the United States, shall be subject
to and pay a tax OF three per centum, Oh the
first day OF April in each year from and after
the passage OF this act and in computing such
profits, gains and incomes, ,here shall be de.
Quoted, besides the sum of eight hundred dol.
lars, as Aforesaid, all local or state taxes, the
wages paid for labor, and other charges Incl
dent TO such profits, gains and incomes, not in
GLIDING personal and family expenses, in such
manLer as 10 leave the annual net income of
each and every person excepting the deduc.
lions heretofore and hereafter mentioned, SUBJ
Ject to taxation under the provisions OF this
act: crowded, HAT no person, member or
corporator OF any company, institution assoc.
alton or corporation, charged or chargeabIe
with 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, institution, association or cor
poraiion but where the income tax is derived
from persons residing abroad, but drawing
money from their property in this country, the
rate shall be i've per cent. per annum.
The act finally provides for the appointment
Of an officer to be called commissioner of tax
es, to superintend the collection of the direct
tax and internal duties, under the direction of
the secretary of the treasury, with salary of
$OoOO, the secretary assigning the necessary
clerks whose aggregate salaries shall not ex-
ceeu $1,000. There are other important fea-
lures to the bill, but these are the most essen
tial.