The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1863-05-09
HOW THE INCOME TAX Is TO BE
asE@ s1i ESTEM ATED.

! assessment of income tax:
/ The assessor and assistant assessor OF
each collection district will assess the in
come tax on the first day of May next, upon
/ every person residing within the district,
/ liable thereto. Each person win be required
I to return his total income, so far specifying
the sources from which it is derived as to
enable the assistant assessor to decide what
deductions shall be made therefrom.
| Persons whose income does not exceed
$4,000, and who reside in the United
States, will be subject to duty of per
| Gent. on such portion thereof as Is liable 10
taxation; provided, however, that upon the,
! income derived from interest upon notes !
bonds, or other securities of the United
States, a duty of u per cent will be levied.
Persons whose income exceeds $4,000
will be subject to duty OF 8 per cent. on
the portion thereof subject to taxation; pro-
vided, however, that upon the Income de-
rived from interest upon notes, bonds, or
other securities of the United States, duty
of II per cent. will be levied. Ciuzens of
the United States, residing abroad and not
in the employment of the United States,
will be subject to duty of 5 per cent. on the
income of any property, securities or stocks
owned in the United States and not exempted
from the income tax; provided, however,
that upon the income derived from The IN
terest upon notes, bonds or other securities
| of the United States, duty of ) per cent,
will be levied.
Every farmer or planter will be required
to make due returns OF the value of the pro-
duce of his farm or plantation, without de-
Quoting for the labor or services of himself
and family, or for any portion Of such pro
duce consumed 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 aud local taxes assessed in the
calendar year preceding this assessment,
to wit: from January 1, 1862, TO Decem Der
81, 1862. inclusive; salaries OF officers or
payments to persons In the service or en-
poyment of the United States, from which
a deduction of 3 per cent. has been made by
the disbursing officer of the Government;
interest or dividends of stock, capital or de-
posts in any bank, trust company or saw
ngs institution, insurance, bridge, express,
ferry boat, railroad company or corporation,
| from which interest or dividends duty of
) Fer cent. shall have been deducted by the
officers of such companies, corporations or
associations.
Interest from any bonds or other eyiden-
ces of indebtedness of any railroad com
pany or corporation, and receipts deriv-
ed from advertisements on which du-
ty snail have been assessed and paid; also,
the sum of $500, except in those cases
where the whole or any part OF SAID $500
shall have been deducted from the salaries
or pay of officers, or persons in the service
or employment Of the United States; the
amount actually paid for the rent of every
dwelling house or estate which Is the resi-
dence OF the persons assessed; and the
amount paid by any farmer or planter for
hired labor and necessary repairs upon his
farm or plantation, including the subsist-
ence If his laborers.
Whenever the total income of any person
exceeds $40, 900, and deductions are made
herefrom, upon the ground that portion
of such income has been subject to 3 per
cent duty upon dividends or interest paid
by companies, corporations CT associations,
as before enumerated, such person will be
subject to tax OF two per cent. additional
upon so much of his income as may have
been previously subjected to duty of three
per cent. by the officers of the companies,
corporations or associations before named.
Guardians and trustees, whether such trus-
tees are so by virtue of their Office as execu-
tors, administrators or other judiciary ca
pacity, are required to make a return Of the
Income belonging TO minors or other per
sons, which may be held In trust as aiore-
said, and the in come tax will be assessed
upon the amount returned after deducting
such sums as are exempted from the income
tax as aforesaid; provided, that the exemp-
ton of $500. under section 80 OF the Excise
law, shall not be allowed on account of any
minor or other beneficiary of trust, except
upon the statement of the guardian or trus-
tee, made under oath, that such minor or
beneficiary has no other income from which
said amount of $500 may be exempted and
deducted.
Whenever parsons liable TO assessment or
income tax shall neglect or refuse to make
the lists required By law, or when the lists
made and rendered by such persons shall not
be accepted by The assessors or assistant as
SCISSORS as just an d proper, 1t shall be the
, duty Of such assessor or assistant assessor
: to make lists for such persons accor ling to
1.-THE best information he can obtain. Persons
so assessed may take oath or affirmation as
I to the amount of income and deduction there
/ from, agreeably to section 50.
Persons receiving rent may deduct there
from the amount paid for necessary repairs,
insurance, and interest on incumbrancel
r upon such rented property. The cost of new
{ structures or improvements to buildings
shall not be deducted therefrom. The tax
! must be levied upon all dividends declared
I prior to Sept. /, 1869, and upon $500 of al
o salaries of officers or payments to person;
!, III the civil, military, naval or other serYices
of the United States for services rendered