Weekly Trinity journal., 1863-05-16

pefance out Work, sleaully anu patiently, ana
they will soon see the pleasant fruits of their
toll. A Son OF TEMPERANCE.
Weavervillc, May G, 1863,
INFORMATION FOR ALL.-The Commissioner of
the Internal Revenue Department has issued the
following Instructions
The assessment of the income tax is on any
person resident in the United States. Those
whose income does not exceed ten thousand dol
hrs are subject TO duty of 3 per cent. on such
portion thereof as is liable to taxation provided,
that upon the income derived from interest upon
notes bonds and other securities of the United
States, duty of ! per cent be levied. Persons
whose income exceeds $4,000 are to be subject
to duty of per cent on such portion thereof
subject to taxation provided that upon the in
come derived from interests upon notes, bonds,
and other seeuritioS of the United States, u duty
or Ia rar cent. he levied. Every Inrme' OF p'@a
ter will be required to make returns of the value
of the product of his farm or plantation, without
deducing for labor the services of himself, fami-
ly or for any portion of such produce consumed
by himself and family. The following deduc-
tions will be made from the aggregate income OF
each person, and the tax assessed upon the re-
remainder, viz, State and local taxes assessed in
the calendar year from January lst 1862, inclu-
sive salaries Of officers payments to persons in
the service or employment Of the United States,
from which deduction of per cent. has been
made by the disbursng officer OF Government (;
interest or dividends of stock corporations from
which a duty of 3 per cent. shall have been de-
Quoted by the officers of such corporations; in
terest from bonds or other evidences Of indebted
ness of any corporation from which the duty OF
3 per cent shall be deducted by the officers Of
such corporations /; income derived from adVer
tisemenls on which the duty shall have been as
sessed and paid, also a sum of six hundred dol
lars except in those cases where the whole or any
part of the said six hundred dollars shall have
r.An tln ole A. off
sons in the service or employment of the United
States the amount actually paid for rent Of
every dwelling house or estate which Is the resi-
denoe of the person assessed, and the amount
paid by any farmer or planter for hired labor
necessary for the repairs upon his farm or plan
tation, including the subsistence of laborers,
Whenever the total income Of person exceeds
ten thousand dollars and deduction be made
therefrom on the ground that portion of such
income has been subjected to the per cent.
duty upon dividends paid by corporations as be.
fore enumerated, such persons will be subject to
tax OF per cent. additional, upon much of
his income as may have been previously subjected
TO a duty of 3 per cent. by the officers OF cor
pOrations before named guardians and trustees
will be required TO make return of the income
belonging to minors and other persons which
may he held in trust and the income tax be as
sessed upon the amount required after deductng
such sums as are exempted from the income tax
as aforesaid, provided that the exemption of six
| hundred dollars under section ninety of the EX
else law shall not he allowed on account of any
minor or other beneficiary Of trust, except upot
q statement Of the guardian or trustee mace un
der oath that the minor or beneficiary has nC
other income from which the said amount Of siA
hundred dollars may be exempted aud deducted
Whenever persons liable to assessment OF the in
come tax shall refuse or neglect to make the lis
required by law, or when the list made and
rendered by such persons shall not be ac
cepled by the Assessor just or proper, shall be
| the duty of such Assessor 10 make lists ior sucn
persons according to the best information be car
obtain. Persons so assessed may take oath oI
make affirmation as to the amount OF their income
and the deduction made thereirom agreeaDly 10
section SO. Persons receiving rent may deduct
therefrom the amount paid for necessary repairs
insurance and interest on membranes on sucn
rented property. The cost OF new structures OF
improvements to buildings shall not be deducted
therelrom,
The tax must be levied upon all DIVIDENDS
declared prior to September, 1862, ana upon
six hundred dollars Of all salaries OF officers
or payments to persons in the Civil, Military Ma
val or other service of the United States ior ser
vices rendered prior to said date as such divi
dends or proportions of salaries, were not sub
ect TO deduction or assessment. Interest re
ceived from or due by Trust Companies, Saving
Institutions, Insurance, Bridge, Express, Steam
boat Ferryboat and Railroad Companies, o.
Corporations and Associations, prior to the sam
date must also be taxed.