Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1863-04-16

or of internal revenue has Just issued the FOL
lowing regulations for the assessment Of the
income tax The assessor and assistant as
SCISSORS of each collection district will assess
the income tax on the first day of May next
upon every person residing within the district
liable thereto. Each person will be required
to return his total income, so far specifying
the sources from which it is derived as to ena-
bic the assistant assessor to decide what de-
auctions shall be made theretrom.
Persons whose income does not exceed the
sum of $1,000, and who reside in the United
States, will be subject to duty Of 3 per cent
on such portion thereof as is liable to taxa
ton; provided however, that upon the in
come derived from interest upon notes, bonds,
or other securities of the United States, duty
of l-2 per cent will be levied. Persons whose
incomes exceed $4,000 will be subject to a
duty of per cent on the portion thereof sub
ject to taxation; provided however, that upon
the income derived from interest upon notes,
bonds, or other securities of the United States,
a duty of | l-2 per cent will be levied.
Citizens of the United States residing
abroad and not in the employment of the gov
eminent of the United States, will be subject
to a duty of per cent on the income of any
property, securities, or stocks, owned in the
United States, and not exempted from the in
come tax provided however, that upon the
income derived from the interest upon notes,
bonds, or other securities of the United States,
a duty Of l l-2 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 plantation, without deduction for the
labor or services of himself and his family, or
for any portion of such produce consumed by
himself and family.
bo f,ll Jo1untinpS will bo tnoIo
from the aggregate income of each person,
and the tax viii be assessed upon the remain
der viz the state and national taxes assess
ed in the calendar year preceding this assess
ment, to wit: from January LIST, 1862, to De-
cember 3lst, 1862, inclusive of the assess
ments on salaries of officers or payments to
persons in the service or employment of the
United States, from which deduction of
three per cent. has been made by the disburs-
ing officer of the government. Interest or
dividends OF stock, capital, or deposits in any
bank, trust company, or saving institutions,
insurance, bridge, express, steamboat, ferry
boat, railroad company, or corporation, from
which interest or dividends duty of three per
cent. shall have been deducted by the officers
of such companies, corporations, or associa-
tons, interest from any bonds, or 9TH
er evidences of Indebtedness of any
railroad company or other corporation,
from which duty of per cent. shall have
been deducted by the officers of such compa-
ny or corporation; and receipts derived from
advertisements on which duty shall have
been assessed and paid; also the sum of 5000
except in those cases where the whole or any
part Of said $500 shall have been deduct ed
from the salaries or pay Of officers or Persons
in the service or employment of the United
States; the amount actually paid for the rent
of every dwelling, or estate which Is the resi-.
dence of the persons assessed, and the amount
paid by any farmer or planter for hired labor
and necessary repairs upon his farm or plan
tation, including the subsistence Of the la
horers.
Whenever the total income of any person
exceeds ten thousand dollars, and deductions
are made theretrom upon the ground that a
portion of such income has been subject to a
three per cent duty upon dividends or interest
paid by companies, corporations or associa-
tons, as before enumerated, such person will
be subject to a tax Of two per cent additional
upon SO much OF his income as may have been
previously subjected to duty of three per
cent by the officers of the company, corpora
tons or associations before named.
Guardians and trustees, whether such trus-
tees are so by virtue OF their office as execu-
-.
come SelohGinT y(-minors or 1Ther pers,,ns,
which may be held in trust as aforesaid, and
the income tax will be assessed upon the
amount returned. after deductinu such spms
as are aforesaid from income tax as aforesaid.
provided that the exemption of 5000 under
section 80 of the excise shall not be allowed
in account Of any minor, or any other bene-
fciorv of trust excent unon y statement of
the Guardian or trustee. made under oath that
the minor or benefriarv has M other income
from which said amonnt of 5000 NAV he ex-
emnted and dedncted
When nersons liable to assessments shall
neglect or refpsa tn mako +hn l;sts roon;rad
by law. or when the lists made and rendered
nv snch nersons Shall mt he accented Inv the
assessors or assistant assessors rs inst and
nromnt if shall he the dutv of each assessor
pr assistant assesSor IN n,3kn Ists for sucb
nersons accordinn to the hest inflammation he
can obtain Persons 50 assessed NAV take