Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1863-04-24
she Assessment OF the Income
Tax, AMI Regulations COnnecs.
ed dt!iere.yitsi-Ehe Five per cent,
Temporary Loan nearly taken
up-1seveaue Matters.
WAsiIlNGrON, ApriI l..

The Commissioner Of Internal Revenue
has Just issued the following regulations
for the asse ssment OF the income tax
The Assessor AMI Assistant Assessors
Of each collection district viii assess the
iaeome tax as on the lst dly of May next
upon every person residing within the dis
triet liable thereto Each person will be
required to return his total income, 50 far
saeeifyino the sources from which it Is
derive as to enable the Assistant AS
SCISSOR to decide what deduction shall be
made thercfrom Persons whose income
does not exceed the sum Of $1,000, and
who reside in the United States, will be
sabeet 10 a duty OF > per cent. on such
portion therein as is liable to taxation,
peoyilel, however, I hat upon the income
levied tron interest upon notes, bonds or
other securities of the Ialtel States, a
Iaty Of / - per cent. will be levied. Per-
sons whose income exceed $1,000 will be
subject to a duty of 5 per cent. on the
portion thereof subject to taxation, pro-
yilcd, however, that upon the income de-
rived from interest upon notes, bonds, or
other securities Of the United States, a
laty Of II per cent will be levied
Citizens of the Tilted States residing
abroad and not-in the employ of the gov
ernncnt of the United States, will be
subject to a duty Of . per cent. o. the
income of any property, securities or
stocks owned in the United States and
not exempted from the income tax, pro-
videl, however, tn t upon the income de.
rived from the interest upon notes, bonds,
or other securities of the United States a
duty of | - per cent. will be levied.
Every farmer or planter will be re-
qurel to make return Of the value OF
the farm or plantation, without deduction
for the labor or services OF himself and
his family, or for any portion Of such pro-
dace consumed by himself and family.
The following deductions Will be made
from the aggregate income Of eaeA per.
son, anil the tax assessed upon the re-
maiader, viz State and local taxes as
sesscl in the calendar year preceding this
assessment. to wit, from Jan. lst, 1862
to Dec. 3lst, 1862, inclusive; salaries OF
officers or payments to persons IN the SER
vice Of the United States, from which a
deduction Of five per cent. has been made
by the disbursiug officer Of the Govern
ment; interest or dividends Of stock
capital or deposits in any bank, trust
company or savings institution, insurance
bridges, express, steamboat, ferryboat
railroad company or corporation, from
which interest or dividends a duty Of
per cent. shall have been deducted by the
officers of such companies, corporations OIL
associations interest from any bonds OIL
other evidences Of Indebtedness Of any
RAILROAD company or other corporation
from which a duty Of three per cent shal
have been deducted by the officers OF suct
company or corporation, and receipts de
rived from advertisements on which
duty shall have been assessed and paid
also the sum of $500 except in thos'
cases where the whole on any part OF safe
5000 shall have been deducted from tn
salaries or pay Of officers or persons II
the service or employment Of the unitet