The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1863-04-29


the assessment Of the Income tax: lI4.- u
each collection district win assess the in.
com, tax on the lst day OF May next, upon
every person residing within the district lie
able thereto. Each person viii Be required
to return his total income, so far specify ing
the sources from which it IS derived as to
enable the Assistant Assessor to decide what
deductions shall be made thereirom. q 4 III
Persons whose income does not exceed the
sum of $1,000, and who reside in the Uni
ted States, will be Subject TO duty Of three
per cent. on such poi ton thereof % is liable
to taxation. Provided, however, that upon
an income derived from interest upon notes,
bonds or other securities OF the United
States, duty of one and o halt per cent.
will be levied. Persons whose income ex.
ceeds $4,000 will be subject to duty Of
five per cent. on the portion thereof subject
to taxation. Provided, however, that upon
an increase derived from interest upon notes,
bonds or other securities Of the United
States, a duty Of one and half per cent
will be levied.
| Citizens Of the United States residing
abroad, and not in the employment Of tho
/
subject to duty Of five per cent. on the in
come OF any property, securities or stocks
owned in the United States, and not ex.
empt from the Income tax. Provided, how =
ever, that upon the income derived from in.
terest upon the notes. bonds or other secu-
rites OF the United States, duty OF one
and half per ceut will be levied.
Every farmer or planter viii be required
to make return OF the value OF the pro,
ducts Of his farm or plantation, without de.
duction Tor the labor or services oil himself
or his family, or for any portion oil such pro-
duce consumed by himselfor family.
The following deduction will be made
from the aggregate income Of each person,
and the tax assessed upon the remainder,
viz: The State and local ia xes assessed in
the calendar year preceding this assessment,
lto>wit: From January |, 1862, to December
81, 1862, inclusive. The salaries of officers
or payments to persons in the service or
employment of the United States, from
which deduction of three per cent. has been
made by the disbursing officer of the Gov,
ernment.
/ The interest or dividends on stock, capi.
tol or deposits in any bank, trust company
or savings institution, insurance, bridge, ex-
press, steamboat, ferryboat, railroad com.
pany or corporation, from which interest OF
dividends duty Of three per cent. shall
have been deducted by the officers OF such
companies. corporations or ASSOCIATE ons.-
Interest from any bonds or other evidences
of Indebtedness OF any railroad company or
jother corporation from which duty oil
| three per cent. shall have been deduc ted by
the officers OF such company or corporation,
and receipts derived from advertisements on
which duty shall have been assessed and
paid. L & .,a -<.s.lt
Also that the sum Of $500, except in those
cases where the whole or any part Of said
5000 shall have been deducted from the sal
aries or pay Of officers or persons in the ser
vice OF any employment Of the United
/ States. The amount actually paid for tht
rent Of any dwelling house or estate which
the amount paid by any farmer or plan ter
for hired labor, and the necessary repairs
upon his farm or plantation, including the
subsistence of the laborers.
! Whenever the total income Of any person
exceeds $4,000, and deductions are made
therefrom, upon the ground that portion
of such income has been subject to three
Der cent. duty upon dividends or interest
paid by companies, corporations or associa.
tons, as before enumerated, such persons will
be subject to tax Of three per cent. addi-
tional upon so much Of his income as may
have been previously subjected to duty o
three per cent. by the officers of the com
panies, corporations or associations before
named.
Guardians and trustees, whether such
trustees are 80 by virtue Of their office, Of
executors, administrators, or other fiduciarl
capacity, are required to make return OF tht
income belonging TO minors or other person!
which may be held in trust as aforesaid
and the income tax will be assessed upol
the amount returned, after deductiDg sucl
sums as are exempted from the income to,
as Aforesaid. Provided, That the exemption
: OF six hundred dollars under section 80 o
the Excise Law, shall not be allowed on &C
: count Of any minor or other beneficiary o
trust, except upon the statement OF th
; guardian or trustee, made under oath, tha
the minor or beneficiary has no other in
come from which the said amount OF si
hundred dollars may be exempted or deduc
: ted. va f. EA,f &1E
Whenever persons liable TO assessment O
income tax shall neglect or refuse to max
the lists required by law, OF. when the list
: made and rendered by suchspersons shall no
be accepted by the Assessor or Assistant As
SCISSOR, as just and proper, it shall be tn
duty of such Assessor, or Assistant Assessor
to make lists for such persons, according t,
the best information he can obtain, Per
sons so assessed may make oath or afiirma'
ton as to the amount Of income and deduc
tioDs .herefrom agreeably to section ninety
three. s
Persons receiving rent may deduct there
from the amount paid for necessary repairs
) insurance and interest on incumberances up
on such rented property The cost OF new
structures or improvements to buildings shall
not be deducted from the income.
The tax must be levied upon all dividend
declared priorsto September l, 1862, ant
upon $6O9of all salaries Of officers or pay
ments d persons in the civil, military, ma
; val, or other service Of the United States
for services rendered prior to said date, a
, such dividends and proportions of salarie
! were not subject to deduction or assessment
Interest received from or due by trust com
panies, savings institutions, insurance, brldg
express, steamboat, ferry boat and railroa,
companies, corporations or associations, prio
to the same date, must also be taxed. In
' terest paid by him on incumberances upoI
the dwelling house Or estate on which tn
assessed person resided may be deducte'
from the income; also, his payment for ne'
cessary repairs.
Il Farm produce, which the producer has Of
hand the 3lst day Of December, 1862, mus
be appraised at its market value on tina
day. sa 5f
The income tax shall be included in tn
! annual list and appeals, and these proceed
ings held, as provided by law. 16l Il,
L The Commissioner OF internal Revenu