, 1862-05-24

New YoRK, May 23.-The 1E;bunts Wash
ington special, under date Of Washington,
May p, says the friends Of Senator Simmons
lax bill are confident 1t will be adopted. TIE
following is the section relating to incomes:
AaG be II Further enacted, That the act entitled
IS An act to provide increased revenues from iu1-
ports to pay intereet on the public debt and for
other purposes" approved August 5th. 1851, be
and the same fs hereby amended and modified, aa
folIows:
F1rs-Atter the first Of Ju1y, 1852, there shan be
levied. collected 1nd pslt, annually upon the fesr-
ths RTntsd 81 states %6ether q oa any
kind 1t profits rents, interest, dividends Or sala
re- g nom any gFos9iop Is ,h 1as t9
Including The pay received b all officers Of tue
Government Of the United states members aud
mentioned. II such annual gains CT income exceed
the sum Of S6a0, and do not exceed The sum Of
$500, d ts1 Of per cent upon tbs amount Of said
ceed The sun of $6,n0. and does not exceed the
ann ID $4,000, tax Of s per cent on such income
above eaid aum Of s., ,Qoo; upon the Income. prof
property securities and stocks owned Ia the Unit,
ed States By any citizen the1enf residing abroad,
and not IN the employ Of the Govetnment Of the
exceed Abe sum Of $6o,0eo per Jear. s
tax Of ~ per 'eentum upon the amount
ef said 9s2ms oyef The rid sun Of 5000 ed
to the payment Of income taxes in the 49lh sec
lion Of said act al corporations societies for
religious or literary pnFsuits, whose aunnA In
CONF exceeds the eum Of 80. and upon tneir in
cont. abore that sum. there shall be paid the same
rates Of tax a. are paid b. Individuals P5uEided,
That corporations or societies whose incomes are
OF religious tracts for the support OF religious
missions, either foreign or domestic. u
devoted solely to education shsl be excluded
And p7nrided fstTefer, that 80 much OF the
income Of every peFson, corporation or society
subject to be taxed By this act. as il derived
from the interest on securities Of the Government
OF the United States ehall be taxed ~ per centnn
and no ,uore; 1nd 17orided jatrther, that ther r
eh4n be no ruore than per centum le51ed on tht
/ income OF any pe:tou, un;esS such annual 1Le na
exceeds 5000, II the same er the Create
trade u butiness carried on the United States O
| elsewhere nor shall any lie me 'a1 be- assessed
on the ra1ssy Of any ntficer Of the United state
| whose salary l. forbidden to be dimia1shs!
| dur ng his Continuance In of1co ~ tha ConstI
| 1utIon of the United Staten The time fxed fl
| the payment OF the income tax iu the first sec
! ton Qf said act OF August sth, 1861, Is hczen
! extended to the 1gt day Of October, 1852 when I'll
same than be due and ..Jab1e, and + not the
paid, shalt draw interest thereafter at the rate Of
per cen1um per annum. aud after ssid Jear said u
of June, In earh year as provided In said sectiol
10 much IT the 5hh c'i ion Ut said act ~ prnvtdt
| for the appointment OF Assessors, and ass ssra1
! aarcseor, collectors and assistant colecsoEs. t
gether' With their duties and bonds Is hares
9Tafs section meets the approval even
number Of Senators who ars opposed to tt
! otntt featurea Of 1Ir. Simmons' bill, and
j I will probably be pa9Sed.