Western sentinel. [volume] (Winston [i.e. Winston-Salem], N.C.) 1856-1886, 1863-05-01

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6. Every person registered and taxed is re-
quired TO make returns of the gross amount of
sales from the passage of the act to the 3Oth
June, and every three months thereafter.
Z. A tax upon all salaries, except cf persons
in the military naval service, OF one per
cent, when not exceeding S l50o, and two per
cent upon an excess over that amount. Pros
vided, that no taxes shall be imposed by virtue
of this act On the salary OF any person receiv-
ing salary not exceeding $1,000 per annum,
or at a like rate for another period of time,
longer Or shorter.
8. Provides that the tax Oh annual incomes
between $500 and 81 500. shall be five per cent
between 81 500 and $1,000, five per cent. on
the first 81 500 and ten per cent. on the excess
between$300O ard $1,000 ten per cent; be
tween $5, 600 and $4,000, 12a per cent; over
$4,000 fifteen per ceut.; subject to the deduc>
tions : on incomes derived from rents of real
estate manufacturing and mining establishments
etc., sum suficten. for necessary annual repairs
OF. incomes from any mining or manufacturing
business the reEt, (if rented) cost of labor actu
ally hired, and raw material on incomes from
navigating enterprises, the hire of the vessel
allowance for wear and tear of the same not ex
ceedmg ten per cent; on incomes derived from
the sale OF merchandise any other property
the prime cost, cost Of transportations, salaries
Of clerks and rent OF buildings, on incomes from
any other occupation, the salaries of clerks,
rent cost of Iaoor, materials. &c., and in case
of mutual insurance companies, the amount OF
losses paid by them during the year. Incomes
derived from other sources are subject to no
deductions whatever.
All joint stock companies and corporations
shall pay one-tenth of the dividend aud reserv-
ed fund annually. If the annual earnings shall
give profit of more than ten aud less than
twenty per cent on capilal stock, one~eight to
be paid if more than twenty per cent, one-
sixth. The tax to be collected on the lst of
January next ard of each year thereafter
g. Relates to estimates and deductions, inves
tlgations, referees, &c.
TO- A tax OF ten per cent, on all profits in
1862 by the purcha and sale of flour, corn,
bacon, pork, oats. hay, rice, salt, iron, or the
manufactures ofiron, sugar, moiasses made of
cane, butter, woollen cloths, shoes, boots, tlan
kets and cotton cloths. Does not apply to reg
ulur retail business.
IL. Each farmer, after reserving for his own
use so bushels sweet ard so bushels Irish pota.
toes, 100 bushels corn or SO bushels of wheat
produced this year, shall pay and deliver to the
Confederate Government one-tenth Of the grain
potatoes, forage, sugar, molasses, cotton, wool
and tobacco produced. After reserving twen-
ty bushels peas or beans he shall deliver one.
tenth thereof.
IL, Every farmer, pianter or Stazter. oEe-
tenth of the hogs slaughtered by him, in red
bacon, at the rate of so pounds Of bacon TO 100
pounds of pork one per cent. upon the value
of all neat cattle, horses, mules, not used in
cultivation, and asses to be paid by the owners
Of the sans beeves sold, to be taxed as in
comes
13 Gives in detail the duties ef post>quar-
termasters under the act
IA, Relates to the duties of assessors and col
| lectors,
Is. Makes trustees, guardians, &C., respon.
sible for taxes due from Estates, &C.. under their
control.
Is. Exempts the income and moneys of hos
pitals, asylums churches, schools and colleges
from taxation under this act,
II. Authorizes thesSecretary of the Treasury
to make all rules and regulations necessary tc
the operation of the act.
Is. Provides that the act shall be. in force
for two years from the expiration OF the pres
ent year, unless sooner repeated that the tax
on naval stores, -four, wool, cotton, tobacco
and other agricultural products OF the growth
of any pear preceding 1868, imposed in the first
section, shall be levied and collected only for
the present year.
Supplies for the Army.
The Lynchburg Virginian, urging upon its
readers the necessity of ofheeding the recommen-
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