Lewistown gazette. [volume] (Lewistown, Pa.) 1843-1944, 1862-07-30
New Series---Vol. XVI, No. SO.
The New Tax Bill.

volume OF one hundred and twenty pages.
The tax is to be collected in each election
or representative district, for which col
lector and assessor will be appointed The
income tax leVies a tax of three per cent.
on all the incomes in excess of $500. IF
the income of person is 81 900, he pays
tax on S400, the excess of 5000. 4 tax
OF per cent. is laid upon all incomes over
SlO,OOO. On all incomes in excess of $500
received from property in the United States
by persons residing out of the United States
and not IN service, five per cent is imposed.
On incomes In excess of $4,000 per an
mum, tax of seven and one half per cent.
is laid. In estimating ones income the
money derived from interest on railroad
bonds or shares is excluded so also that
from advertisements, dividends on stock,
dividends on capital or deposits in any bank,
trust company, savings bank, assurances,
gas, railroad bridge, express, ferry boat and
steamboat company, and from the manufac-
ture of any article upon which stamp or
al Ua1orena duty is laid, Incomes derived
from interest on securities of the United
States are taxed but one and half per
cent, and from all incomes may be deduc-
ted the amount paid for State and local
taxes. The income tax is laid upon all in
come for the year ending December next,
and is collectable on the 1st of July, 1868,
and each year hereafter up to 1866, when
the time expires as regards the income tax,
if the same be not renewed
Manufacturers must furnish the assessor
with a sworn statement of the place where
he intends to manufacture his articles,
whether the market for it is domestic or
foreign, and the kind and quality of the
article. Each month he must make re-
turns of the products and sales, and pay
the amount of taxes on them, except GER
tain cloth and Noollen goods, which are
paid for by the fnishers. In all cases of
goods manufactured in whole or in part up
on commission, or where the material is fur
nished by one party and manufactured by
another, it the manufacturer shall be re-
quired to pay under the tax, such person
paying the same shall be entitled to collect
the amount thereof of the owner or own
ers, and shall have lien for the amount
thus paid upon the manufactured goods.
dS CoASo Oh olA dl tlOfCo llduuldCbuIcu uuu
sold, in pursuance of contracts bona fde
made before the passage of the act, shall
be paid by the purchasers thereof, under
regulations to be established by the Com
missioner Of Internal Revenue The tax
on spirits commenced on the 1st cf July
The tax on man ufactured articles, diyi-
dendS, stamps, &c, on the 1st of August
Tho tav ON ipoooooc =, dro ~, Tho Let oF
July, 1868. Manufacturers are required
to pay the duty at the time the goods are
to be removed from the premises. Wheth-
er selling for cash or on time, this of course
holds good. One per cent. tax is laid on
the gross receipts of insurance companies
for premiums. This clause goes into effect
on the 18th of October On passports is
sued after the 1st of July duty of So is
levied. The tax on auction sales is impo-
sed on sales made on and after the 1st of
August. No person subject to pay license,
after the 1st Of August
Persons engaged in the following busi-
ness are required to take out license, for
which they will be charged the following
amounts:-Apothecar $40; auctioneers,
20; bankers, 100; billiard tables, elch 5;
brewers, 25 and so; brokers, so; brokers in
land warrants, %; bowling alleys, each al
ley 5 cattle brokers, 10; claim agents, 10;
coal oil distillers, so; commercial brokers,
5; confectioners, 10; circusses, so; dentists,
10; distillers, Il so to so; eating houses,
10; horse dealers, 10 hotels, see 'hotels,'
from 5 to 200 jugglers, 20; lawyers, 10
livery stable keepers, 10; manufacturers,
10; pedlers, see 'pedlers, from 5 to 20; pho
tographers, 10; pawnbrokers, 50;physicians,
L; retail dealers 10; retail dealers in liquors,
20; stills, from IL so to 25 +; surgeons, 10;
tobacconists, 10; theatres 10; tallow chan
dlers, 10; soap makers, 10; wholesale deal
ers, so; wholesale dealers in liquors, 100.
Tavern keepers, &c, are not obliged to take
out an additional license for selling tobacco.
Certain Retailers selling less than $1,000 per annum
need take out no license.