St. Mary's beacon. [volume] (Leonard Town, Md.) 1845-1863, 1862-07-24
THE NEW TAX BILL.

The new tax bill makes Congression-
al volume of Que hundred and twenty
pages. The tax is 10 be collected in each
election or representative district. for
which a collector and assessor will be ap=
pointed. The income tax levies tax 81
three per cent. on all incomes in eieess
Of $500. If the income Of a ,persoif is
81 900. he pays tax Oh $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 $500 received from
property in the United Sta'es by persons
residing out OF the United States and not
in ITS service, FIVE per cent is imposed
On incomes in excess Of $4,000 per
annum, a tax Of seven aud one-half per
cent. is laid. In estimating ones iu-
come the money derived from interest on
railroad bonds or shares is exclnded: sn
also that from advertisements, dividends
on stock, dividends on capital or deposit.
in any bank, trust company savings bank,
insurance, gas. railroad bridge, express,
ferry boat aud steamboat company. and
fr"m the manufacture of any article upon
which stamp or nd roloren, duty is laid.
Incomes derived from interest on securi-
ties Of the United States are taxed but
one and half per cent from all incomes
may be deducted the amount paid for State
and local faxes The income tax is laid
upon all incomes for the year ending De-
ccmber next. and is eelIes.tahle on the
lst of July. 1868, aud eadh year hercaf-
ter up to 1866, when the time expires
as regards the income tax, if the same be
not renewed.
Manufacturers must furnish the asses
sor with sworn statement of the place
where he intenls to manufacture his arli-
clcs. whether the market for it is domes-
tic Or foreign, and the kind and quality of
the article. Each month he mast make
| returns of the products and sales, and pay
the amount of taxes on them. except Ger
tain cloth and woollen goods, which are
paid hy the 6uishcr. In all cases of
goods manufactured in who'll, or in part
upon commission, or where the material il.
furnished 5y one party and manufactured
by another, If the manufactlre shall be
required to pay under the tax. such per-
son paying the same shall have lien for
amount thus paid upon the manuf urcd
goods. The taxes on all articles manu-
factured and soid, in pursuance of con-
tracts bonafide made before the passage of
the act. shall be paid BY the purchaser
thereof. under regulations to be establish
ed by the Commissioner of Internal Rev
enue. The tax on spirits commenced on
the lst Of July. The tax on manufac-
tured articles, dividends, stamps, &c. on
the 1st of August. The tax on incomes
is due Oh the LIT of July. 1868. Manu-
facturcrs arc required to pay the duty at
the time the goods arc TO be removed from
.-s F:.n.i.es. Whatber selling for cash
or On time. this Of course holds good
One per cent. tax is laid on the gross re-
ccipt Of insurance companies for prcmi-
! ums. This clause goes into effect on the
18th of October. On passports issued
after the 1st of July duty of S3 is levi
ed. The tax ON auction sales is imposed
on sales made On and after he first of Au-
gust. No person subject to pay license
can continue his business legally without
license. after the Ist of August Per-
SONS engaged in the following business are
required to take out license, for which
they will be charged the smount follow:
ing :--Apothecarics. $40; auctioneers.
$40: bankers. $!00; billiard tables. each
s.; brewers, So and $50; brokers. $50;
! brokers in land warrants. S25; b"wling
alleys, each ALLEY S.; cattle brokers. SlO;
claim agents, $l0; coal oil distillcss.
$50: commercial brokers. $50; .eonfac-
TONERS, Slo: circuses. $50; dentists $40:
dis,illers, $i2 30 to $50; eating houses
Sl0; horse dealers. $40; hotels, from S.
! to $500; jugslers. go: lawyers. SlU:
livery stable keepers. $lo: manufactur-
ers $40; pedlers, from S5 t, $40; pho
! tographers. SlU: pawnLrvkers. $50; ply
! sirians. $40; retail iAiers. $lO; retail
dealers in liqu"rs. $40: stills. from II 30
TO S25. surgeons. $40; tobacconis,s. SiU;