Smyrna times., 1862-07-10
The New Tax Bill.

The new tax bill makes Congressional vol
Hme Of one hundred aud twenty pages. The |
TAX 10 TO be collected in each election or repre-
sentative district, for which a collector and as
SCISSOR will be appointed. The income tax lev. |
les tax Of three per cent. on all income IN
excess Of 5000. II the income Of pereon s
$1,000, he pays tax on $500, the excess Of $500.
A tax Of five per cent. is laid upon all incomes
over $4,000 On all incomes in excess of
5000 received from properly 10 the United
States by persons residing out Of the United
States and not in its service, five per cent. lie
imposed. Ga incomes in excess Of $50, 900
per aunum, 9 tax of seven and one. half per
cent. is LAID. la estimating ones income the
money derived from Interest on railroad bonds
or shares is excluded; so also shat from adver.
tisensnts dividends on stock, dividends on Cap
itsl or Deposits ia any bank, trust company.
savings bank. insuTases, gas, railroad bridge.
xpfcss, ferry boat and steamboat COMPANY,
nd from the manufacture Of esy article upon
which q stamp or I'D UGIorem duty 70 LAID. In.
comes derived from interest on secuFi' lee of the
| United States are taxed but one Aad half per
cent, and from all incomes msy be deducted
the amounI paid tor State and local taxes. The
income tax 10 laid upon oil incomes for the
year ending December next, and ls colIeciabls
on the first of July. 1868. an each year here.
hIAet up W AOOO Wucu Iuo tiiHtS expires as
regards the income tax, if the same be not re.
newed.
Manufs eturers must furnish the assessor with
a sworn statement OF the p zee where he 10.
tends to manufacture his articles, whether the
market fOT it 10 domestic or foreign, aud the
kind and quality Of the article. Each monIh
he must make returns Of the pToduc and sales,
aud pay the amount OF taxes on them, sxcept
certain cloth and wo0llen goods. which are
paid for by The hnisher. 10 all cases of goods
manufactured in whole or IN part upon commits.
sion, or where the material 10 furnished by one
party and man ufacIured by another, il the man
r ufactuTer shall be required 10 pay under the
tax, such person paying the same shall be en-
titled 10 collect the amount thereof OF The own.
er or owners, and shall have a lien for the
amount thus paid upon the manufactured goods
The taxes on all articles manufactured aud
sold, in pursuance of contracts bona fide made
before the passage OF the act, shall be paid by
the purchasers thereof. under regulations TO b.
+ established by the Commissioner of ln.erns
Revenue. The tag on spirits commenced on
the 1t Of July. The tax on manufactured ar
h tcles. dividends, stamps, &C.. on the Is
b Of August The Iax en- incomes is due on lht
n lst Of July, 1853. Manufacturers are re-
y quired 10 pay the duty at the time the good
e are 10 be removed frsm his promise. Whethe
d selling far cash or on time, this Of course hold
e z cd. One per cent. tax lie laid on the gros
!, receipts Of insurance companies for premIumG
m This clause goes into effect on the 18th e
d October. Ga passports issued after the LIST q
y July q duty of SO Is levied. The tax on suc
. ton sales 10 in posed on sales made on aud al
!. ter the lst Of August. No person subject I
. pay license can continue his business legal
/, without license after the lsl of August.
=. Persons engaged in the following bushes
are required TO take out license, for which the
+ thecarIes, $40; suctionecrs. 800 banker
NJ 500; billiard tables each So; brewers, 81
n. and $50; brokers. $50; brokers in land wal
Of rants, $25; bowling alleys, each alley. SIS; ca
n. tie brokers. 80; claim agents, $40: coal o
Of distIllers, $50; commercial brokers. SIS cot
rs fectiOaers. Sl0S circuses, $50; dentists. $40
IL. dIsliliers, Sl2 so to $50; eating houses. $40
in horse dealers. $40; hotels from $50 10 5000
10, jUEglers, 800; lawyers, $40; livery stable kes
o. ers. $40; manufaelureTs, $40; psdisTs. fro
in s5 20 $40; phosograp pliers. &l0; pawn broker
10 $50; physicisHs, $40: Retail dealers, $40 -
lie tail dealers in liquors. $50; stills. from $l2
"a, to S25; surgeons, $40 tobacconisls. $40; tn
Ii. aires. $780, tsllOw chambers, $40; sosp IN
.k kets, $40; Wholesale dealers, $50; wholesa
I'D dealers 10 liquors. 300. Tavern keepers. 81
icl s:s not obliged 10 take out additional lieen
,,u for selling tobacco LEDGER.
nm e f.te1 -
n. The rate Of postage N the SouthePa States
"a. been Increased 10 10 eeAss On. letters.