Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1863-06-03
DALLAS, DALLAS COUNTY, TEXAS JUNE 3. 1863.

l
10y himself, and the prime cost OF The ms.
terials II purchased By hiIa.
V. IL the income De derived by the tax
payer from tho sale OF merchandise or any
other property, real or personal, there shall
be dc Lctcd from the gross amount OF sales
the prime cost Of the property sold inclu'
ding the cost Of transportation, salaries Of
clerks actually paid, aud the rent of build
/ ings employed in the business, IL hir "a and
not owned BY himself.
vi. If the income be derived by the tax
| payer from any other occupation, profess
| sion, employment or business there shall
be deducted from the gross amount Of fees,
compensation, profits, earnings or commits
sions, the salaries of clerks actually paid,
and rent Of the office o. other building used
in the business If hired and not owned by
himself the cos. Of iss...g actually paid and
not oTned BY himsolf, the cost Of material
: other than machinery purchased for the
usc Of his business, or 10 be converted into
some other form in the course Of his bust
ness and in case OF mutual insurance COM
panies, the amount of losses paid By them
during the year. The income derived from
all other sources shall be subject TO no de-
| duction whatever; nor shall foreigners be
subject to n tax from other income than
that derived from property owned, or occu-
| patons or employment pursued by them
within the Confederate States; and in csti-
mating income there shall be included the
| value of the estimated annual rental Of all
dwellings, houses, buildings or building
lots in Cities towns or villages occupied by
the owners, or owned and not occupied, or
| hired, and the value Of the estimated an
nual hire Of all slaves not engaged on plan
tations or farms, and not employed in some
business or occupations, the profits Of which
are taxed as income under this act. When
the income shall be thus ascertained, all of
hose which do not exceed five hundred dol
lars per annum shall be exempt from tax
| alton.
On all incomes received during the year
| over FIVE hundred dollars and not exceed
ing fifteen hundred dollars, q tax of FIVE
per cent. shall be paid on all incomes over
fifteen hundred dollars and less than three
thousand dollars, a tax of ten per cent,
shall be paid on all incomes of five thou
sand dollars or over five per cent shall be
paid on the first fifteen hundred dollars
and ten per cent on the excess; on NIL in
comes Of or over three thousand dollars,
and less than 5000 dollars, tax of - per
cent shall be paid; on oil incomes over
$4,000 and less than ten thousand dollars, q
tax of twelve and O. half per cent. shall be
paid; and on all incomes of over ten thou
sand dollars, tax of fifteen per cent. shall
be paid. All joint stock companies or cor
porations shall reserve one-tanth of the
annual earnings set apart for dividend
and reserve fund, to be paid to the col
lector of the Confederate tax, and the
dividend then paid to the stockholders shall
not be estimated az part of his income for
the purposes Of this act. All persons shall
give in an estimate Of their income and
profits derived from any source whatever,
and in doing so shall first state the gross
amount of their receipts as individuals or
members of q firm or partnership, and also
state particularly each item for which a
deduction is TO be made, and the amount
to be deducted for it, provided, that the in
come and profit on which the above tax is
to be imposed shall not be deemed TO include
the products of land which are taxed in
kind, as hereinafter described. Provided,
further, that in case tho annual earnings
of aaid joint stock companies and corpora
tions set apart as aforesaid shall give
profit of more than ten and less than TWEEN
ty per cent upon their capital stock paid
in, one eighth of that sum so set apart shall
be paid as O tax to the collector aforesaid
aud in case said sum so set apGr. shall give
. profit of more than twenty per cent on
their capital stock paii in, one.sixth there
of shall be reserved and paid as aforesaid.
The tax levied in this section shall be COL
lected on the first day of January ensuing.
NH -
with the statement or estimate Of income and profits
derived from any source whatever other than pro-
ducts in kind which the tax payer is required to
der, with any deduction claimed by said tax pay
he shall select disnteresed citizen of tho vi
cinage reforence and the tax payer shall select
another, and the two thus selected shall call in
third who shall investigate and determine the facts
in reference 10 said estimate and deductions and fix
the cunt of income and profits on which the tax
payer shall be assessed, and certificate signed by
majority Of the referees shall be conclusive as TO the
amount of income and profits on which the tax pay
or shall be assessed Provided that II any person
shall fail refuse to render the statement estimate
aforesaid, shall refuse to select referee afore
said the shall then select these referees who
shall fix the amount of income and profits on which
the taxpayer shall be assessed from tho best evidence
they obtain and certificate signed by majority
Of said referees shall be conclusive the payer
And provided, further, that In any submitted to
referees, If they majority of them shall find and
certify that the statement estimate of income and
profits rendered by the taxi payer does not contain
more than fourhfths of the true and real amount Of
his taxable income and profits, then the taxpayer
in addition TO the income tax the true amount Of
his income and profits ascertained and assessed by the
Referees shall pay ten per centum the amount Of
said income tax, and the shall be entitled TO
one- fifth Of said additional ten per centum and
above all other fees AND allowances And provided.
further, that the assessor may administer osths to
referees the taxpayer, and any witness before the
referees In regard TO said estimate and any deduc-
ton claimed, any fact In reference there In such
form a. tho Secretary Of the Treasury may prescribe
SEC. 10. On all profits made by any person. part
nership corporation during the year eg hteen hnu
dred and siItytwo, by the purchase within the Con-
derste States and sale during said year Of any -four,
corn bacon, pork, oats, hay rice, salt, iron the
manufacture OF iron, sugar, molassss made Of cane,
butter, wJoen clothes shoes, boots, blankets, and |
cotton cloths Of ten por centum shall be levied
aud collected, to be paid the first day Of July 4
next Provided, that the tax imposed by this section
shall not apply 10 purchases and sales made iH dGs
course Of regular retail business, and shall not
tinue beyond the present year.
Sac. IL. Each farmer and planter In the confeder.
ate States after reserring for his own use y bush
els o. sweet potatoes and fty bushels Of Irsh poth
toes one hundred bushels OF corn fifty bushels Of
wheat, produced in the present year, shall pay and
deliver 10 the Confederate Government, Of the pro-
ducts Of the present year, one-tenth Of the wheat,
cora oats rye, buckwheat, rice, sweet and Irish
potaoes, and OF tbs cured hay and fodder, also
tenth Of the sugar, moasses made Of cane, cotton,
wool and tobacco the cotton gfnned and packed in
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