Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1863-05-14
gelmnut Chruuifle.
St. clairsville, Ohio, May ID, 1868.
Regulations for Assessing the In
cnuna Tax

The Commissioner OF Internal Revenue
has just issued the following regulations fol
the assessment of income tax:
The Assessor and Assistant Assessor o'
each collection district will assess the ID.
come tax on the frs. day Of May next upon
every person residing within the district II.
able thereto. Each person will he required
TO return his total income. 50 far specifying
tho sources from which It is derived as to
enable the Assistant Assessor m decide
what deductions shall he made thcrefrom
Persons whose income does not exceed $40,
900, and who reside in the United States
will be subject 70 duty of 3 per cent. on
such portion thereof as is liable TO taxation
provided, however, that upon the income
derived from interest upon notes. bombs,
or other securities Of the United States, a
duty Of u per cent will be levied
Persons whose incomes exceed sl0000
will be subject to n duty of s 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 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 5 per cent. on the income Of any rrnner
", securities, or stocks owned in the United
States aud not exempted from the income
tax; provided, however, that upon the in.
come derived from the interest upon notes,
bonds, or other securities Of the United
States duty Of II per cent. will be levied.
Every farmer or planter will be required
to make returns of the value of the produce
of his farm or planto,ion. wi,bout deduct,po
for the labor or services of himself and his
family, or for nny portion of such produce
Consumed by himsclfand family. The fol
lowing deductions will he made from the
aggregate income of each pcrson, and the
tax assessed upon the remainder. VIZ. from
Jan. |, 1869, to Dec. 81, 1862. inclusive.
salaries of officers o, pnyments TO ncrsons
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 dvi.
deDds OF STOCK capital, or deposits in amy
bank, trust company or savings institution,
insurance. bridge, express, steamboat, fer.
ry boat railroad compnny or corporation,
from which interest or dividends duty of
three per cent. shall have been deducted by
the ofhcers OF such companies, corporations
or associations
Interest from any bonds or other evidences
of Indebtedness of nuy railrond company or
other CORPORATION, from which duty of
three per cent. shall have been deducted by
the officers Of such company or corporation,
and receipts derived from advertisement,
on which duty shall have been asscssod
and paid also, the sum of 5000, except in
those cases where the whole or any part of
said 5000 shall have been deduc,ed from
the salaries or nav of officers. or persons in
the service or employmeDt Of the United
States; the amount actually pn,i tor the
rent OF every dwelling house or estate which
is the residence of the persous assessed
and the amount paid by aDy farmer or plant
or for hired labor and necessary rcpairs ND.
on his farm or plsntu,ion, Including the
subsistence of the laborcrs.
Whenever the total income of any per
son exceeds SlU,NlO, aud deductions are
made thereirom, upon the ground that n
portion of such income hus been subject 10
three per cent. duty upon dividends or
interest paid by companies, corporations or
associations, US before enumerated, such
person will be subject to u tax of two perl
cent. additional upon so much of his in |
come as may have been previously subject |
cd to duty of three per cent. by the of. |
fcers Of the company, corporations or as
soclations before named. Guardians and
trustees, whether such trustees arc SO by
virtue OF their once as executors idmlnls
traitors or other Judiciary capacity, arc re-
CURED to MIKE return of the income DO.
longing to minors or other persons, which
may be held IN trust as aforesaid, aud the
income tax will be assessed upon the amount
returned after deductlng such sums us are
exempted from the income tax as aforesaid;
provided, that the exemption OF 5000, un-
DER section w OF the Excise law, shall not
be allowed on account OF any minor or other
Denehciary OF trust, except upon the state.
heht OF the guardian or trustee made under
ou.n, .ha. .na minor VI oeheIciary nus no
s.mos .,ann lncoihe rom wlich salu amount oi
eovo hay pe eAel'p'eu anu deuucted'
whenever persons liable to assessment Of
income tax shall neglect or refuse to mako
he lists required by law, or when the lists
made and rendered by such persons shall
lot be accepted by the assessors Or assistant
assessors as just and proper, it shall bo the
iuty OF such assessor or assistant assessor ;
TO make lists Tor such persons according to
tho best information he can obtain. Per. .
sons so assessed may take oath or affiima.
ion as to the amount Of income and deduc