The southern enterprise. [volume] (Greenville, S.C.) 1854-1870, 1863-08-20

chants; .(as 4 contradistinguished from
liquor dealers, are prohibited from sell
ing liquors under their registration as
such, and iif they sell. liquors will have
70 do 10 uDder a separate registry, pay
ing the tax Of s TO 10 per cent, as
either Wholesale or retail liquor dealers,
as they may register themselves. o.
All Of The tax in Class II. will be col.
lected list day Of July. 1868, or as soon
as The work can be commenced there's
after. -.
III. CbAss.--A-Tax on salaries as
such. Il will be seen by reading the
Act, that it does not contemplate that
salaries shall ordinarily be classed as
@inoome." 4. Salaries of all persons are
taxed, including clergymen and teach>
ers. unlesa they do not exceed 81 900.
The only exception being those in the
military or naval service. 8. The tax
on Salaries shall be collected in the same
manner that the income tax is collected,
but at the end Of the year, December
80, 1868.
w. CLAss.-A Tax on all incomes.
1t will be seen, by the Act, that it pro.
poses that the largest tax shall be raised
from this source. This tax will not be
collected until January, 1864. Then
the income is to be derived from every
source Of profit that the Assessor and
Collector can discover. The only ex-
ceptions are income and moneys from
hospitals, asylums. schools, churches
and colleges. /. This means income
from property owned by schools, &c.
If a teacher makes an income, from in>
structing scholars, which exceeds $500,
he is liable TO the tax, as that is the
teachers income and not income Of a
school, within the meaning of the Act.
If the school belongs 10 the teacher his
income is exempt. 2. The intention of
the Act is to raise tax from every
available source, under the head Of" in.
come" 3. A merchant, if he hires his
store or place Of business, will deduct
tho rent from his. income if he owns
the store then the estimated rent will
be added to his income, deduc,ing S
per cent. for repairs. 4. Houses owns
ed and not occupied, will be taxed &C
eording to their estimated rent. 5.
Land owned and not cultivated is. not
taxed, except building lots in city,
town or village. 6. All servants not
engaged in agriculture whethor 10 towns
and cities or in the country, (such as
house serrants,) will be estimated at a
fair hire, and taxed. z. Neat cattle,
horses, mules, DC, not used in cultiva.
ton, shall be taxed one per cent. on
their assessed value. s. All merchants,
besides their tax on sales, under IL.
Class, will pay ajax on their incomes. o..
Manufacturers or miners shall pay a tax
OH their incomes, deducting rent, (if
they do not own the establishment
cost Of labor employed and the raw ma
teIial used by them. 10. Manufactur,
ers selling their own fabrics by the
piece, aud other articles, are subject 10
be taxed as Wholesale dealers, and also
q tax on their income. IL. Manufac-
turers Of saddlery, harness. &c, and
dealers in same, selling artillery harness
TO- the Gov ovetnment, decided to be whole
sale dealers, and liable to registry and
tax "a such. IL. Banks, issuing notes
Of circulation, DO not register, but they
pay upon their profits, rs follows: They
shall reserve, as a tax, ono tenth Of tbeil
annual earnings, (ncluding their divi-
dends and reserve funds but if these
shall gain profit of moro than 10 and
less than 90 per cent. upon. capital stock
paid in, then one>eighth Of sad earn.
tings to be set apart, shall be paid as q
tax and if over 20 per cent, then ono.
SIKH as a tax. IS. Tho same rs to
all other corporations or joint stock
companies. II. The Tax shall be lev
| led by a per centage, according to the
amount of income, on the 1st Of Janu
ary, 1864, on all incomes derived dur.
ing the current year Of 1863. Ia. All
profit, derived by any person, from the
sales Of all property, real or personal, in
the year 1868, will be returned and
taxed as income, whether these profit.
be- made from the >ales Of lands and
negroes or otherwise. l6, All, land,
that are cultivated and therefore con
tribute to tho tax, in Kind, will not b
assessed for rental. II. The Assessor
shall require every person to say, upo,
oath, whether he has made any prof
from any calling, transaction, specuss
tion, or made any money during, tn
gear 1868, Except salaries, from an!
= source whatever, and il it amounts, u
the whole, to $500, he shall be take,
, on it as income. This tax will be col
, lectsd lst of January, 1864.
: - v. CbAss.-A Tax un certain spec
ulations. The 10th section Of the Ac'
covering This chase, expiaina itself. ]
All persons who have. made profits, b
purchase and sale, in The yeor 1859,
The following articles, |" -four, corn, b'
, coli, pork, oats, hay. rice, salt, iron r,
. fhe manufactures ofiron, sugar, rnolass'
made Of cane, WOODEN c,o.I,shoss, boot
. blankets aud Sottor~ cioth," will pay
p l.S 20 10 q Is tbs ,,,,aha.