Civilian & telegraph. [volume] (Cumberland, Md.) 1859-1875, 1863-04-23
Income Tax-ImpOrtant Regula-
.---- !. fiNnS. 4. -

: to the assessment and collection of the in
come tax. The law affects every citizer
whose income exceeds six hundred dollars
| per annum:
q The assessor and assistant assessors OF each
collection district will assess the income tax,
as on the first day of May next, upon every
person residing within the district liable
I thereto. Sd. .., --5 --.t ...|.. ..t
Each person will be required to reti,rn his
total income, so far specifying the sources
from which it is derived as to enable the as
sistant assessor to decide what deductions
shall be made therefrom. .. .....-.
Persons whose income docs not exceed
the sum of ten thousand dollars, and who re-
side in the United States, will be subject to
duty of three per cent. on such portion
thereof as is liable to taxation: provided,
however, that upon income derived from in
tercst upon notes, bonds, Or other securities
of the United States, duty Of one and a.
half per cent. will be levied. ..r. ..,-
Persons whose income exceeds ten thous-
and dollars will be subject to duty of five
per cent. on the portion thereof subject to
taxation: Provided, however, That upon in
come derived from interest upon notes, bonds,
or other securities Of the United States, du-
ty of one and half per cent will be levied.
Citizens of the United States residing
abroad, and not in the employment of the
government of the United States, will be SUBJ
ject to duty of five per cent. on the income
of any property, securities or stocks owned in
the United States, and not excepted from the
income tax Provided, however, That upon
income derived from interest upon notes,
bonds or other securities of the United States,
duty of one and half per cent. will be
levied, .., .s..rr.fr -. 'a... ban .L
Every farmer or planter will be required
to make return of the value of the produce
of his farm or plantation, without deduction
for the labor or services of himself and fam
lily, or for any portion of such produce con-
sumed by himself and family. .
The following deductions will be made
from the aggregate income of each person,
and the tax assessed upon the remainder, viz
State and local taxes assessed in the calen-
dar year preceding this assessment to wit,
from january l, 1852, to December 81, 1868.
inclusive.
Salaries of officers or payments to persons
in the service or employment of the United
States from which deduction of three per
cent. has been made by the disbursing Off
GERS of the government.
Interest or dividends on stock, capital or
deposits in any bank, trust company or saw
ings institution, nsurancss, bridges, express,
steamboat, ferry boat, railroad company or
corporation, from which interest or dividends
a duty of three per cent. shall have been de-
Quoted by the officers of such companies, cor
porstions or associations, interest from any
bonds or other evidences of indebtedness, OF
any railroad company or other corporation,
from which a duty Of three per cent. shall
have been deducted by the officers Of such
company or corporation, and receipts deriv-
ed from advertisements on which duty shall
have been assessed and paid.
Also, the sum Of six hundred dollars, cx-
cept in those cases where the whole or any
part Of said six hundred dollars shall have
been deducted from the salaries or pay of Of
ficers or persons in the service or employ
ment of the United States. ,--.. ... .....1
The amount actually paid for rent Of any
dwelling house or estate which is the resi-
dence of the person assessed; and
The amount paid by any farmer or plan
ter for hired labor and necessary repairs up
on his farm or plantation, including the SUBJ
sistence of the laborers. ...... "..,
Whenever the total income of any person
exceeds ten thousand dollars, and deductions
are made therefrom, upon. the ground that
a portion Of such income has been subject to
a three per cent. duty upon dividends or in
terest paid by companies, corporations or as
as before enumerated, such person
will be subject to tax Of two, per cent. ad-
ditional upon SO much of his income as may
have been previously subjected to a duty of
three per cent. by the officers of the compa-
nies, corporations or associations before
named. ...-sf &. r .--s.r -.. .ulio . 1
Guardians and trustees, whether such
trustees are 80 by virtue of their offices, as
executors, administrators, or other fiduciary
capacity, are required to make return Of the
income belonging to minors or other persons |
which may be held in trust, as aforesaid !; |
md the income tax will be assessed upon
he amount returned, ;tfter deducting such
ums as are exempted from the income tax,
rs aforesaid: Proridcd, That the exemption
If six hundred dollars, under section 30, of |
.he excise law, shall not be allowed on ac-
;ount Of any minor or other beneficiary Of
rust, except upon the statement Of the guar
liam or trustee made under oath, that the
minor or beneficiary has no other income
rom which the said amount OF six hundred
lollars may be exempted and deducted.
Whenever persons liable to assessment Of
income tax shall neglect or refuse to make
he lists reuured by law, or when the lists