Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1862-05-24
iNEIlEGRAPHIC.
THE INCOME TAX BILL.
Rebels Expected to EVaCuate
Richmond
OPENING OF RECRUITING STA
TONS
No Fears of Intervention.
SkirmiShlng In Gen. Hal
leek'S Army!
%hia MOrnin9's RspaTt.
Tbia MORNINGS Report.
FROM wAsHINGrON.

.H d. WASHINGTON, May %.
The Tribune says the friends Of Senator
SimmOns's tax bill are confident IL will be
adopted.
The following is the section relating to
incomes;
"And be it further enacted, that the act
entitled an act 70 provide increased reve-
nues from imports 10 pay interest on the
public debt and for other purposes sp-
proved August 9th, 1851, be and the same
is hereby amended and modified as fol
lows:
1st After the Ist Of July, 1852 there
shall be levied, collected, and paid annu
ally, upon yearly gains, profits, or income
Of every person residing in the United
States, whether derived from any kind Of
profits, rents, interest, dividends, or sal
aries, or from any profession, trade, en-
| ployment or vocation, carried on in the
United States or elsewhere, or from any
other source whatever, including the pay
received by ell officers Of the Government,
United States members and delegates in
Congress, except as hereinafter mentioned,
If such annual gains, profits or income ex-
ceed the sum Of $500, and does not exceed
the sum Of Sc 900, a tax Of three per cent
upon the amount Of said income above said
sum OF 5000. II said income exceed the
sum of Sc, 900, and does not exceed the Fum
Of $4,000, tax Of Eve per cent on such
income above said sum Of S6,0O0 Upon
the income, profits, gains, reRts, and
dividends aooruing upon any property, &C.
curities and stocks owned in the United
SRtes by any citizen thereof residing
abroad and not in the employment Of the
q. S. and upon all incomes which exceed the
sum Of Sc, 900 per year q tax Of per cent
upon the amount Of said income over the
said sum Of So 900; and there shall be add
ed TO the list Of persons subject to the psy-
ment Of income taxes in the 49th section Of
said act, ell corporations or societies for
religious purposes whose annual income
exceeds the sum Of Sc, 600, and upon their
income sbovs that s1n there shall be paid
the same rates Of tax IS are paid by indi-
Vidusls; provided, that corporations or So
oieties whose incomes are devoted 10 the
publieatisn and circulation Of the Holy
Scriptures or religious tracts, or for the
support Of religious missions, foreign or
domestic, or devoted solely TO education,
shall be excluded; and provided further,
that 80 much Of the ipcomao eEa-UJ- 'so'lrvu
by this act, as is derived from the interest
on securities of the Government Of the uni
ted States shall be taxed . per cent and
no more; and provided further, that there
shall be no mora than three per cent lev
led on the income Of any person unless
such annual income exceeds $4,000, If the
same or the greater portion thereof is de-
rived from any profession, trade OF busi-
ness carried on in the United States or
elsewhere; nor shall any income tax be
assessed on the salary Of any officer Of the
Government of the United States whose sal
sry is forbidden to be diminished duEng
his continuance in Office, by the Constitu
ton Of the United States.
The time fixed for the payment Of the in
come tsx, in the 6Rst section Of said act OF
/ August 9th, 1861, Is hereby extended to
the lst day Of October, 1852, when the
same shall be due and payable, and If not
then paid shall draw interest thereafter at
the rate Of six per cent per snnum, snd
after said gear said income tax shall be
due and payable on the 30th day Of June
in each year, as provided in said section.
50 much Of the fifth section Of said act IS
provides for the appointment Of assessors
and assistant assessors, collectors and as,
| sl1J6nL C0lleOUOfbi gOg6tA5f Win tHSAE ou
ties and bonds, Is hereby repealed. 8s-l
This section meets the approval even o.
a number OF Senators who are opposed the
other features Of Mr.. Simmons bill, aud j
will probably be passed.
The opinion is gaining ground here thR
the rebels viii not give Dsttle before Rioh
? mbnd, but viii eVacuate.
There is very high authority for the Opin
I ion that the ogitiVe slave law does not ez
9 tend to the District Of Columbia. Mem
q bers Of the Cabinet and Senators who's
{ legal knowledge is Of the first order agre
G in this.
Times dispatch:
: The War Department has called for 4
: definite number Of troops, but has reopel
|, ed the recruiting stations lately by close
q BY the order Of the same.
3, New regiments will be raised for speci
n service in Kentucky, for the military COZ
ie manders appointed there. Beyond this !
n formal call has been made on States for VC
Is ut hteers. The main object is to obtain 7
u serve and to ill up existing regiment
Ie Tie radicals exaggerate this matter.