The Alleghanian. [volume] (Ebensburg, Pa.) 1859-1865, 1863-05-14
The Income Tax Regulations

The Commissioner Of Internal Revenue
has just issued the following regulations
| for the assessment Of the income tax:
! The. assessor and assistant assessors OF
each collection district will assess the In
come tax on the lst day of May next, upon
every person residing within the district
liable thereto. Each person will be re
quired to return his total income so far
specifying the sources from which it is
| derived as to enable the assistant assessor
to decide what deduction shall be made
therefrom.
Persons whose income docs not exceed
! the sum Of 10000, and who reside in the
United States, viii be subject to duty of
3 per cent. on such portion thereof as is
liable to taxation: Provided hoa1eUer,
That upon an income derived from inter-
est upon notes, bonds or other securities
of the United States, duty Of L! per
cent will be levied. Persons whose in
come exceeds $4,000 will be subject to a
duty of 5 per cent. on the portion thereof
subject to taxation PrOrided ho,oeuer,
That upon an increase derived from in
terest upon notes, bonds or other securi-
ties oe the United States, duty of l ] 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
subject to a duty of 3 per cent. ON the in
come of any property, securities or stocks
owned in the United States, and not ex-
pected from the income tax: ProUidcd
.hoacever, Tha. upon the income derived
fha or
other securities of the United States a
duty of l J per cent. will be levied.
Every farmer or planter will be requir-
ed to make return of the value of the
produce of his farm or plantation, without
deduction for the labor of himself or his
family, or for any portion of such produce
consumed by himself or family.
The following deductions will be made
from the aggregate income of each person,
and the tax assessed upon the Remainder,
viz The State and local taxes assessed
in the calender year preceding this assess
ment, to wit From January lst 1862,
to December 3lst, 1867, inclusive. The
salaries of officers or payments to. persons
in the service o. employment of the Uni
ted States, from which deduction of 3
per cent. has been made by the disbursing
officer of the government
The interest or dividends On stock CAPT
tai or deposits in any bank; trust company
Or savings institution, insurance, bridge,
express, steamboat; ferry boat, railroad
company, or corporation, from which in
terest or dividends duty of 3 per cent.
shall have been deducted by the officers of
such companies, corporations or associations.
Interest from any bonds or other evidences
of Indebtedness of any railroad company or
other corporation from which duty of
three per cent. shall have been deducted
by the officers of such company or corpo-
ration, and receipts derived from adver-
tisements on which duty shall have been
assessed and paid.
Also that the sum of 5000, 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 per-
sons in the service or employment of the
United States. The amount actually
paid for the rent Of any dwelling house or
estate which is the residence of the person
assessed, and the amount paid by any
farmer or planter for hired labor, and the
necessary repairs upon his farm or 2lanta-
ioa. including the subsistence of the Ia |
3orers. .
Whenever the total income of any per-
ION exceeds $4,000, and deductions are
made therefrom, upon the ground that a
portion OF such income has been subject !