The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1863-04-30

s.s.>v' yaS >ssi
-
ry person residing within the district Iisbf
4 thereto. Each person Will be required &c
return his total income, so far specifying ths
sources from which IL is derived, as Co ems
BILE the ASSISTANT Assessor I'd decide wha
deductions shall be mlde therefrom. Per-
sons whose Income does not exceed 10 900
and who reside in the United States, II
be subject to duty of per cent on SD
portion thereof as is liable to taxation, pro.
vided, however. .ha. upon the income deri
/ we'd from intrest upon notes, bonds, or othe,
securities of toe United States, the duty o.
II per cent. will be levied.
Persons whose incomes exceeds SIC, 900
will be subject to daty of five per cent
on the portion thereof subject to taxation !,
provided, however, that on the income de-
rived from interest upon notes, bon N
other securities of the United State
ding abroad a d not in the employ
the United States, viii be suhject.td
of 5 per cent on the income Of ani 5
ty, securities, or stocks owned in
ted States and not exempted
incorne tax provided. however. tnasy
the income derived from the Interest 1
notes, bonds, or other securities Of the \
ted States duty of II Per cent ~ilI\
ieeied. -. -s.'a
! Every farmer or planter will be required
to make returns of the value Of the produce
OF his farm or plantation, without deduct;nE
for the labor Of services Of himself AMI fam.
| ily, CT fer any portion Of such produce con-
sumed by himself and family. The follow!
| ing deductions will be made rom the sgkrs-
gate income Of each person, ard the tar
assessed upon the remainder, viz State and
local taxes assessed 10 the calendar year
preceding this assesmeut, ,c wit from Jan.
uarv 1, 1852, to December 81, 1862, inclu,
sive: salaries Of officers, or payment to
persons in the servise or employment of tho
United States, from which a deduction ,s
three per cent. has been made by the d,s.
bursting officers of the Government /; interest
or dividends of stock, capitals or deposits in
any bank, trust company savings ins.itu.
ton, insurance, bridge, express, steamboat,
ferry-boat, railroad company, or corporation
from which interest or dividends duty s.f
three per cent. shal. have been deducted BY
the officers Of such companies corporations
or association.
Interest from any bonds or other evidences
OF indebtedness Of any railroad company,or
other corporation, from which duty of
3 per cent. shall have been deducted by the
officers of such company or corporation, and
receipts derived from adyertisemeuts on
which duty shall have been assessed and
paid (; also, the sum Of $500, except in those
cases where the whole or any part of said
$500 shall have been deducted from the;
salaries or pay of officers, or persons in the
servisa or employment of the United States;
the amount actually paid for the rent of ev.
cry dwelling house or estate which is the
residence Of the person assessed and the
amount PAID by any farmer or planter for
hired labor and necessary repairs upon his
farm or plantation, including the subsistence
of the lahorers.
Whenever the total income of any person
exceeds $4,000, and deductions are made
therefrom, upon the ground that portion
of such income has been subject to three
per cent duty.upon dividends or intrest paid
by companies, corporations or associations;
as before enumerated, such persons will be
subject to tax two per cent addition
upohso much of his income as may hat
been previously snbjectedsc aduty of thrcA
per cent by the officers Of the company
corporations or associations before named.
u0ardfans snd trustees, whether such trus-
tees are SO by virtue Of their Office as execu-
tors, Administrators or other judiciary ca-
pacity, and required to make return OF the
income belonging to minors or other per-
sons, which may be held in trust as afore-
said. and the income tax will be assessed
upon the amount returned after deducting
such sums as are exmpted from the Income
tax as aforesaid provided, that the exemp.
tion Of $500. under section 90 of the Excise
shall not be allowed on account Of any mi.
nor or other beneficiary of trust, except
upon the statement Of the guardian or trus.
tee, made under oath, that the minor,or
beneficiary has no income from which said
amount OF $500 may may be exempted and
deducted. Whenever persons liable to as.
sessment Of income tax shsll neglect or re-
fuse TO make the lists required by law, or
when the lists made and rendered by such
persons shall not be accepted by the Asses
sors or Assistant Assessor as just and prop.
per, it shall be tte duty Of such Assessor or
Assistant Assessor to make lists for such
persons according to the best information
be can obtain Persons so assessed may
take oath or affirmation as to the amount of
income and deduction therefrom, agrseably
To- section yS. = y .'
Persons receiving rent may deduct there
from the amount paid for necessary repa,rs,
insurance and intrest on incumbrances upon
such rented property The cost of new
structures or improvements 10 buildings
shall not be deducted thercfrom. The tax
must be levied upon all dividends declared
prior to September l;Sls6s. and $500 of all
salaries af officers, or payments to persons
in the civil, military, Hayal or other services