Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1863-07-10

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patton, employment or business whethe
registered or not, in which they may hav
been engaged, and from every investmen
Of labor, skill. property or money, and TIL
income and profits derived fromany source
whatever, except salaries. during the calen
dar year preceding the said first day Of Jan
uary next, and the said income and profits
shall be ascertained, assessed and taxed il
the manner hereinafter prescribed.
RENTS.
I. 1.-THE income be derived from iherents
| Of houses, lands, teEements, manufactur
ing mining, establishments, fixtures and ma
chinery, mills, springs Of salt,r oil, or vein;
of coal, iron or other minerals, there shall
be deducted from the gross amount of the
| annual rent a sum sufficient for the necessa
Iry annual repairs, not exceeding ten pei
centum on said rent, except that the rem
derived from houses shall be subject to q
deduction not exceeding five per centum fol
annual repairs.
MANUFACTURING, ETC.
IL. Ii the incomce be derived from any
manufacturing or mining business, there
shall be deducted from the gross value Of
the products of the year: first, the rent Of
the establishment and fixtures, If actually
rented aud not owned by the persons pros
.ecutng the bushes; second, the cost Of the
labor actually hired and paid for third, the
actual cost Of the raw material purchased
| and manufactured.
NAVIGATING ENTERPRISES.
III If the income be derived from nav.
Eigating enterprises, there shall be deducted
from the gross earnings, including the val
ne of.feights on goods shipped by the per.
son running the vessel, the hire of the boat
or vessel, if not owned by the. person run
ming the same, or if .owned by him, a rea-
sonable allowance for the wear and tear Of
the same, not exceeding ten per cent. pei
anum, and also the cost Of running the boat
or vessel
SHIP DgILDING, ETC.
" IF the income be derived by the tax
layer from boat or ship building. there shall
be deducted from the gross receipts Of his
oecnpatlon. including the value Of the ship
when finished, II built for himself, the cost
Of the labor actually hired and paid by him
|sself, aud the prime cost of the materials, If
purchased by him
SALES OF. MERcHAND1sE AND. OTHER PROP
Y. If the income be derived by the tax
payer from the sale of merchandise Or any
other property, real or personal, there shall
be deducted from the gross amount of sales,
the prime cost Of the property sold, ipclu-
ding the cost Of transportation, salaries oil
clerks actually paid, and the rent Of build
ings employed in the business, if hired and
not owned by himself.
ALL OTHER OCCUPATIONS.
VI. If the income be derived by the tax
payer from any other occupation, profession
employment or business, there shall be de
Quoted from the gross amount of fees, com
|pensation. profits, earnings, or commissions,
the salaries Of clerks actually paid. and the
rent Of the Office or other building used in
the business, If hired and not owned by him
self, the cost Of labor actually paid and not
own by himself aud the cost Of material
other than machinery purchased for the use
Of bis business, or to be converted into some
other form in the course ofhis business; and
| in case of mutual insurance companies, the
amount of losses paid by them during the
year. The income derived from all other
sources shall be subject to no deduction
| whatever: nor shall foreigners be subject to
a tax upon any other income than that de-
rived from property owned, or occupations
or employments pursued by them within
the Confederate States, aud IN estimating
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 own and not occupied or hired, and the
value Of the estimated annual hire Of all
slaves not engaged on plantations or farms,
and not employed in some business or occu
patton the profits Of which are taxed as in
come under this act When the income
shall be thus ascertained all Of those which
do not exceed five hundred dollars per an.
mum shall be exempt from taxation On
all incomes received during the year over.
FIVE hundred dollars and not exceeding if
t-hcSu UluulGu uOlldio, q IdA VI AFS pei CcHL
shall be paid; on all incomes over fifteen
hundred dollars, and less than three thou
sand dollars, five per cent. shall be paid or
! the first fifteen hundred dollars, and ten pei
cent. on the excess; on all incomes Of o.
over three thousand dollars, and less thar
! FIVE tb ousand dollars. tax often per cent
shall be paid; Oh all incomes Of or over 6yt
] thousand dollars, and less than ten thou.
sand dollars, a tax oftwelve and a half PEI
cent shall be paid; and On all incomes of.or
over ten thousand dollars, tax OF 6ftecr
per cent shall be paid. All joint stock com
panies and corporations shall reserve one
tenth Of the annual earnings, set apart for
dividend and reserved fund, TO be paid Il
! the collector of the Confederate tax and thu
dividend then paid to the stockholder shall
net be estimated as a part of his income 70,
4 the purpose of this act. All persons shall
give 10 az estimateof their income aud prof
its derived from any other source whatever
aud ia doing 50 shalt first state the gros
amount Of their receipts as individuals o
members Of a firm or partnership, and, also
state particularly each item for which De
\ aucton is to be made and tho amountto b.
deducted for it: Proritled. That tie in
comes and profits upon which the above ia:
is to be imposed shall not be doomed to in
clude the products Of land which are take
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