The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1862-07-19
BURLINGTON WEEKLY HAwK.EYE.

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ing, possessing, or having the care or manage
ment of any and every such newspaper or Other
publication ae Aforesaid, shall make list OF
return quarterly, commencing as heretofore
mentioned, containing the gross amount Of re
ceipts as aforesaid, and the amount Of dutie.
which hsve accrued thereon, and render the
same to the Assistant Assessor of the respective
districts where such newspaper, magazine, re-
view, or other literary or news publication il
or may be published, which list or return shall
have annexed declaration, under oath or at
6rnation, to be made according to the manner
and form which may be from time to time pre-.
scribed by the Commissioner of Internal Reve.
nue.; Of the owner, poeseesor, or person having
the care or management Of such newspaper,
magazine, review, or other publication, as afore-
said, that the same is true and correct and shail
also Imonthly1, quarterly and at the time OF
making said list or return, pay 70 the Collector
or Deputy Collector Of the district, as aforesaid.
the full amount of said duties; and in case OF
neglect or refusal to comply with any of the
provisions contained in this section, or to make
and render said list or return, as aforesaid, for
the space of thirty days after the time when said
list or return ought to have been made, as afore-
said, tho Assistant Assessor of the respective
districts shall proceed to estimate the duties, as
heretofore provided in other cases of delinquen-
cy; and in case of neglect or refusal to pay the
duties. as aforesaid, for the space Of thirty days
after said duties become due and payable, said
owner. possessor, or person or persons having
the care or management of said newspapers or
publications, as aforesaid, shall pay, in addition
thereto, penalty of s per cent. on the amount
due, and, in case of fraud or evasion, whereby
the revenue is attempted to be defrauded, or
the duty withheld, said owners, possessors, or
person or persons having the care or manage.
ment OF said newspapers or other publications,
as aforesaid, shall forfeit and pay penalty of
$500 for each ofense, or for any sum fraudu.
lently unaccounted for and all provisions in this
act, in relation to liens, assessments, and col.
lection, not incompatible herewith, shall apply
TO this section, and objects herein embraced:
Provided, That, in all cases where the rate or
price Of advertising is fixed by any law Of the
United States, State, OF Territory, it shall be
lawful for the company, person or persons, pub.
fishing said advertisements, to add the duty or
tax imposed by this act to the price of said i'd.
vertisements any law, as aforesaid, to the con.
trary notwithstanding: Provided further, That
the receipts for advertisements, to the amount
Of 81 900, by any person or persons, firm, or
company, publishing any newspaper, magazine,
review, or other literary, scientific, or news pub
location, issued periodically, shall be exempt
from duty: And provided further, That al news
papers whose circulation does not exceed 1000
copies shall be exempted from all taxes for ad.
vertisements.
INCOME DUTY.
Sec SO. And be it further enacted, That for
the purpose Of modifying and re.enacting, %
hereinafter provided, so much of an act, entitled
can act to provide increased revenue from i'm
ports, to pay interest on the public debt, and
for other purposes" approved 9th of August,
1851 as relates to An income tax; that 10 to say,
sections 40 50-except SO much thereof ss re.
lates to the selection and depositaries-and 81,
be, and the same are hereby, repealed.
Sec. 80. And be it further enacted, That
there shall be levied, collected and paid annual.
". upon the annual gains, profits, or income of
every person residing in the United States,
whether derived from any kind Of property,
rents, interest, dividends, salaries, or from any
profession, trade, employment or vocation car.
ried on 10 the United States or elsewhere, or
from any other sources whatever, except as
hereinafter mentioned, if such annual gains,
profits, or income, exceed the sum Of $500, and
II cent on the amount of such annual gains,
profits, or income, over and above the said sum
of $500; if said income exceeds the sum of $lO,.
600, duty of u cent upon the amount there.
Of exceeding 5000; and upon the annual gains,
profits, or income, rents, and dividends accruiDg
upon any property, securities, and stocks owned
in the United States by any citizen OF the United
States residing abroad, except as hereinafter
mentioned, and not in the employment of the
Government of the United States, there shall be
levied, collected, and paid duty of per cen.
tum. ls- -.r3.ss
Sec. 81. And be it further enacted, That in
estimating said annual gains, profits, or income,
all national, State, and local taxes, lawfully %.
seased upon the property or other sources Of in
come of any person, - aforesaid, from which
said annual gains, profits, or income Of such per.
son Is or should be derived shall be 6rst deduct.
ed from the gains, profits, or income Of the per.
son or persons who actually pay the same,
whether owner or tenant, and all gains, profits,
or income derived from salaries of officers, or
payments to persons in the civil military, naval,
or other service of the United States, including
Senators and Members Of Congress, except
above $500, or derived from Interest or divi.
dends on stock, capital, or deposits in any bank,
trust company, or savings institution. insurance,
gas bridge, express, telegraph, steamboat, ferry
boat, or railroad company, or corporation, or on
any bonds or other evidences Of indebtedness Of
any railroad company or other corporation,
which shall have been assessed or paid BY nid
banks, trust companies, savings institutions, in
surance, gas, bridge, telegraph, steamboat, feny.
boat, express, or railroad companies. % afore.
said, or derived from advertisements or any Or.
sicles manufactured, upon which specific stamp
or I'd yalorem duties shall have been directly ~
sessed and paid, shall also be deducted; and he
duty herein provided for shall be assessed md
collected upon the income for the year ending
the Slst day Of December next preceding The
time for levying and collecting said duty, that 10
year thereafter: Provided, That upon such por
ton of said gains, profits, or income, Whether
subject to duty as provided in this act q 8
per oentum or of per centum, which shall be
derived from interest upon notes. bonds, of oh.
er securities of the United States, there shallbe
levied, collected, and paid duty not exceeding
and / Of per centum, anything in this act to
the contrary Notwithstanding.
Sec. 90. And be it further enacted, That he
duties on incomes herein imposed shall be lue
and payable on or before the Soth day Of June,
in the year 1868, and in each year thereafter
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