The weekly Lancaster gazette. (Lancaster, Ohio) 1860-1863, 1863-04-30
Regulations for Assessing the Income
Tax.

nHe have Just issued the following regu
lations for The assessment Of an income
lsx: Fl
The Assessor and Assistant Assessor
OF caoh collection district will assess the
income tax on the FIRST day Of May next
upon every person restliEg in The dis
lricl liable thereto. Each person will be
required to return his total income, SO
'ar specit, ing tie SOURCES from which it
is derived, as to enable the Assistant AS.
SCISSOR 10 decide wha, deductions shall be
made iherelrom. Persons wN'Se income
does not exceed $4,000. and who reside
in the United Sta es, will be subject to
duty ,f three per cent. OG such portion
thereof as fs liable to taxaiOn, provided,
owever, that upon the income derived
rom interest upon notes, bonds, or other,
securities Of the Unitcd States, duty Of
II per cent, wi b. levied.
Persons whose income txceeds Si0. 600
will be subject 10 du y Of 5per cent, on.
the portion thereof subject to raxalion
po,i'ed, however. that upon the income
derived from interest upon nete>, l'oDds,
or other securities of the United States. Il
duty oil 1 per cent. will be levied. Cit
z.us of the United States residing road
and not in tfie employ rneDt OF the United
Sla'es, will be subject 10 du'y f 8 per
cent. on the income Of any property. SO
curiti-s. or stocks owned in The Unisd
States and not exempted flom ths income
tax: pro,id d however, that up n tie
income derived from the Interest
upon notes, ouds, or other securities Of
the United States doty OIL per cent.
will be levied. ... ......
Every farmer CT planter will be tpqfir.
I'd TO make retarns ol he value Of the
produce Of his Farm or plantation, with
out deducing 10y the lsbJr or services Of
himself and his family. or for any orion
Of such produce consumed by himself and
family. The following deductions wil'
be made from the aggregate In ONE Of
each person, and The rax assessed upon
the remainder. viz f,om Jan. !, 1862
to Dec. 81, 1862, inclusive saleries q
officers or payments 10 persons in the ser
vice or employment Of the Unrted States,
from which q deduction Of three per
cent. las. b en- made by the di,bursing
officers Of the government interest or
diyi lends Of stock, capital or deposits in
any bank, truS, company or savlngg inN
sitution, iusura1ce, bridge. express,
steamboat, ferry boat. railroad company
or corporation, from which interest or
dividends a duty OF three per cent. sha
have been deduclet bv the officers of such
companies, corporations or asso iations.
Interest from any bonds or other evi.
dences Of Indebtedness of any railroad
company ev other corporation. from
which duty Of three p cent. shall have
been drdaced ny the officers of such
COMPANY or cor GRAFTON, receipts derived
from advertisements on which duty
shall hve been assessed and paid al
so, the sum Of Ss0v. except in those ca
ses where the whole. or any part Of said
$500 shall have been deducted from the
salrrjes or pay Of ofscers, or p Fsons II
the service or emplOymen Of tho Unirt {
States the amount actually paid for tn
rent of every dwell ing house or sstul,
which is the residence Of the P rsons az
sessc1 and the amount paid By ary far
tncr or p'an'cr br hired labor and neces
sary repairs upon his farm or pl.nlaton
including lh, subsistence of the labor
ers
WheneVor the Total income OF any per
son exceeds $40, 900. and deductions ar
made lherefl ON, upon the ground that
portion of such income has be n snbjec
to 8 per cent. du ysupon divid drds o
i2terest paid by companies, corporation
ur associations. as before enumerated
such persons will be sut jet TO tax Of
. cent additional upon so much OF h!
income as may have boen previously sub
jcct-d to duty OF 3 por cent. by tn Utii
GERS o. The company, rp1ra ions or NJ
scciatious before named. Guardians an
uustees are so by virtue Of their Off =
* cutnrS, administrators or other Jndlc
. ary capacity. are required 10 make re
, turn of the in"ome be onging 10 min"l
, or other persons, viii h may bs held
[ t ust as aforesaid, and the income la
will be assessed upon the amount return
: ed after deducliug such sums as aIe e'
= empt-d from the income tax as aIoresai'
0 provided, that tie exemption OF S6O(
: under s-ction 90 Of the excise law, sha
. not be allowed IN account OF any mine
4 or other brefciArY Of a trust, exc pit uI
Y on the statement ol th' guardian or tru'
= tee, m ,de under o,th. that the minor {
r other henr6 larry has no other incou
q from which said amount Of $500 may
II .xpmptcd and deducted. Whenever pc
n sons liable TO assessment OF income u
n 81 all neglect or refuse 10 make the lis
: require by law, or when the lists ma
). and rendered by such persons shall n
;. be accepted by the assessor or as>isa
assessors as just and proper, it shall
:. the duty Of such assessor or assistant a
It sessor t. make lists for such persons a
c corjing TO the beet in'orma ion he CT
Y obtain Persons so assessed may tai
o oath or affirmation as TO the amount off
n come ard deduction therelrom, agreea0
@ to section 81.
}. Persons receiving rent may dedu
n therefrom tho amount pal for ne 'cssa
, repairs, insurance and interest IN incur
>. trance upon surh rented property, Il
I. cost OF new structures or improvem' n
O to building shall not be deducted fro
h the income, The tax must be levied II
. 1 l. %