The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1863-04-24
The Income Tax.

WASHINGTON, April Is. The Commits
sioner of Internal Revenue has just issued
the following regulations for the assessment
of the income tax The assessor and as
sstant assessors of each collection district
will assess the income tax on the first day
of May next, upon every person residing
within the district liable thereto. Each
person will be required to return his total
income, so far specifying the sources from
which it is derived as to enable the assist
ant assessor to decide what deductions
shall be made therefrom. Persons whose
income does not exceed the sum of 81 900
and who reside in the United States will
be subject to duty of per cent. on such
portion thereof as is liable to taxation
provided. however, that upon the income
derived from interest upon notes, bonds,
or other securities of the United States, a
duty of Il per cent. will be levied. Per-
sons whose incomes exceed $4,000 will
be subject to duty of per cent. on the
portion thereof subject to taxation, pro-
vided, however, that upon the income de-
rived from interest upon the notes, bonds,
or other securities of the United States, q
duty Of u per cent. will be levied. Citi-
zens of the United States residing abroad,
and not in the employment of the govern
ment of the United States, will be subject
to a duty of 5 per cent. on the income of
any property, securities or stocks owned
in the United States and not exempted
from the income tax; provided, however,
that upon the income derived from the
interest upon notes, bonds or other se2uri-
ties of the United States duty of J per
cent. will be levied Every farmer or
planter will be required to make re-
turn of the value of the produce of his
farm or plantation without deduction
for the labor or services of himself and his
family, or for any portion of such produce
consumed by himself and family. The
following deductions will be made from
the aggregate income of each person, and
the tax assessed upon the remainder, viz:
State and local taxes assessed in the
calendar year preceding this assessment,
to wit From January lst, 1862, to De-
cember 1st, 1862, inclusive salaries OF
officers or payments to persons in the SER
vice or employment Of the United States,
from which a deduction of 3 per cent. has
been made by the disbursing officers of the
Government interest or dividends of
stock. capital or deposits in any bank,
trust company or savings institutions, in
surances, bridges. express, steamboat,
ferry boat, railroad company or corpora
ton, from which interest or divi-
dends a duty OF three per cent
shall have been deducted by the officers
of such companies, corporations or asso-
Citations. Interest 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 ofsuch
company or corporation, and receipts de-
rived from advertisements, on which
duty shall have been assessed and paid;
also the sum of 5000, except in those cases
where the whole or any part OF said 5000
shall have been deducted from the salaries
or pay Of officers or persons in the service
or employment of the United States; the
amount actually paid for the rent OF any
dwelling house or estate which Is the resi-
dence of the person assessed; and the
amount paid by any farmer or planter for
hired labor and necessary repairs upon his
farm or plantation, including the subsls'
tence of the labOrers
Whenever the total income of any per-
son exceeds $4,000 and deductions are
made therefrom upon the ground that
portion of such income has been subject
to a 8 per cent duty upon dividends orin-
terest paid by companies, corporations or
associations, as before enumerated, such
person will be subject to tax of per
cent. additional upon so much OF his in
come as may have been previously subjec-