The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1863-04-25
{)ullit Ccuoir5.
Ei.e EnCGlsnc Tax Regulations,

TI.e Enc0Tnc Tax Regulations.
The Commissioner of lnerna, Rcyc-
nue. has issued the following rcgula ions
for the assessment of the income tax
The Assessor and A >SlStant Assessor
OF each collection district will assess the
Income tax Oh the lst day of May, next,
upon every person residing within The
district liable thereto. Each person
will be required to return his 10 al in
come, 50 far specifying the sources from
which it is derived as to enable the
as s ant Assessor to decide whls de-
,uction S all be made thcrc;.om.
Persons whose income does not exceed
the sum OF so, o., and who reside in
the Emit. d STAT :, will be subject 20 IA
du IF thcc per ecu on such portion
there, rs is liable to taxation. Pro-
vided, however, tina upon an income
derived from interest upon notes, bonds
or other securities OF the United States,
a duty OF one aud Il half per cent viii lie
levied. Persons whose income exceeds
100000 Will be subject to duty Of
five per cent on the portion thereof sub.
ject 10 taxation. Provided, However,
that upon and increase derived from
Interest upon notes, bonds or other Sc
curilics of thc United States, Il duiy Of
one and half per cent will be levied.
Citizens Of he United States residing
abroad, and not III the employ mcnt Of
the Government of the United Sta rs,
will be subjec. to a duty Of 5 per cen
on the income of any property, sccuri-
ties or stocks owned in the United
States, and not excmp cd from the H.
come tax. Prooided, however, tina
upon the income derived from interest
upon the notes, bonds or other securi.
ties of the United Sta cs u daty Of II
per cent will be levied.
Every farmer or planter will be re-
quircd to make a return Of the value of
the produce of his farm or plantation,
without deduction for the labor or scrvi-
ccs of himself or his family, or for any
portion of such produce consumed by
himself or family.
The following deductions will be made
from the aggregate income of each per-
son, and the tax assessed upon the re-
maindcr, viz The State and local
taxes assessed in the calendar year pre-
ceding this assessment, to wit: From
January 1st, 1862, to December 3lst,
1862, inclusive. The salaries of officers
or payments to persons in the Service or
employment Of the United States, from
which Il deduction of 3 per cent has been
made by the disbursng officer Of inc
Government.
The interest or dividends on stock &,
capt al or deposits in any bank, trus
company or savings ms tuition, iusur-
ance, bridge, express, s camboa , ferry
boat, raiiroad company, or corporation,
from which interest or dividends duty
of three per cent shall have been de-
Quoted by the officers of such companies,
corporations or associations. lntcrcs
from any bonds or other evidences of
Indebtedness Of any railroad company or
other corporation from which a duty of
three per cent shall have been deducted
by the officers of such company or cor
poration, and receipts derived from ad-
refreshments on which a duty shall have
been assessed and paid.
Also ihat the sum Of 5000, except in
those cases where the whole or any par
of said 5000 shall have been deducted
from the salaries or pay of officers or
persons IN the service Or employ mcnt Of
the United States. The amount actu-
ally paid for the rent of any dwelling
house or estate which is the residence of
the person assessed, and the amount
pad by any farmer or planter for hiered
labor and the necessary repairs upon
his farm or plantation including the sub
slstence of the laborers.
Whenever the to al income of any
person exceeds $4,000, and deductions
arc made therefrom. upon the ground
that portion of such income has been
subject TO three per cent du!y upon
dividends or interest paid by companies,