Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1863-05-20

|housS OSCuPiSN py O"Ho'I 30 "OS
ted
The amount of hired labor, and value Of
the board OF such labor.
Persons receiving rent are entitled to
deduct the cost OF repairs, insurance and
interest on incum brance upon rented
property. The cost of extraordinary re-
pairs, new structures, &C.. will in no case
be deducted.
In referring to this tax the Philadelphia
Age remarks;
ut is fact that the income tax, from
the manner it is levied, and the inquisi-
torial method OF ascertaining the amount
to be assessed on each taxpayer, is the
most onerous OF all that can be inflicted
on a free people vhile,o the other hand,
its yield seldom reaches more than hall
the estimates Real estate is the only
species of property which cannot be con-
cealed and it is for this reason that it cans
rot escape the assessor like personal prop
erty which may be transferred from hand
! to hand"
The Chicago Post expresses itself on
the same subject as follows;
"On Friday last there became due and
payable to the United States the income
tax, That is Il tax laid by Congress upon
the earnings and proceeds Of the labor and
capital Of the country, All persons are
required to furnish the Federal tax off
Ger statement of all the moneys received
by him during the year ending April 80,
1868. From the aggregate receipts, wheth-
er it be laborers' or mechanics earning,
clerks salaries, or dealers profits, or in
terest, or rents, or capital, there is to be
| deducted the sum of six hundred dollars,
and on the excess tax Of three per Ger t..
is levied by law, which the party upon
whom it is levied must pay. five under
stand the law correctly in addition TO the
exceptions Of six hundred dollars, the law
exempts the amount paid for house rent.
This will, therefore, leave to every house
holder six hundred dollars and the amt
of his house rent free from taxation. -
Those housekeepers who own their dwellN
ings will have to pay on all their income
over six hundred dollars.
Every person whose salary or wages
exceeds twelve dollars a week. will have
! to pay the three per cent. tax on { II sums
above that amount. In estimating the
income of a person, he is required to state
! land on oath, if the assessor demand it j
! the actual sums received by him during
! the year from all sources whether as earns
! ings of labor, rent o! houses, dividends on
stocks, interests on investments, &c. The
entire business of every man must be dis"
closed, and he means Of living of all ex-
hibited to TIE public The assessor max es
the legal deductions, and collects the tax
es upon the residue. No more searching
tax law was ever passed 10y any governs
ment, and nothing like this was ever pre-,
vously known in this country. 1t re-
qIires the farmer to disclose the amount
of produce of every kind raised during the
! the last year, with the amount OF money
received therefor. He is allowed the
credit of six hundred dollars, and the
amount paid by him for labor in produ.
cling his crops, raising his stock, &c. On
the balance he must pay the tax of three
per cent.
ave do not think tn e amount realized
by this law, after deducting its expenses,
will be very great. The principal source
OF revenue will be from capitalists; from
! those whose income, after deducting all
allowances, will exceed three thousand
dollars.
"'rhe law, as we have said, exemrts six
hundred dollars and the amount paid for
house rent These exemptions will re,
lease the vast majority Of the people. The
annual gross income Of two thirds of the
people does not exceed one thousand dol
lars per year. The exemptions will cover
nearly if not quite that amount. But upon
farmers the tax will fall with oppressive
severity. We suppose the assessors will
soon be around with their lists, and the
public must be prepared to show their
business affairs to the revenue officer,
psAr The Republican party is distinguish.
ed for mobbery, robbery, jobbery and
snobbery.
The golden days of Democracy are gone
and behold the greenback days of Aboli'
tionism are upon US.
The OK knOweth his owner ard the
ASS his masters crib so it is with those
who declare in favor OF Lincoln's abolition
policy,
BsAyA correspondent says: at is pos
sible that Mr.. Stanton has somewhere, at
some out of. the-way- place, uttered &
threat to resign, but do not believe he
has done so in the presence Of responsible
witnesses. No such luck for the country.
B1S@ A small rebellion occurred in An.
tioch College, Ohio, last week, caused by
the introduction of a negro student from
Oberln. Two classes withdrew, en- maSSe,
but the faculty compromised by making q
new classification, with other students, Sc
as to avoid the offensive association.
nB-Gens. Ere mont, Sigel and Butler
are engaged in addressing Union Leagues.
We have not seen il stated that recruits
for the army have been obtained at any of
these meetings.