Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1863-04-29
THE CONFEDERATE TAX BILL.

/ X M. FEARSON, a. y. - u
At Richmond Hill, April 9th, 1868.
THE CONFEDERATE TAX BILL.
| Yesterday the House agreed to the report of tn
Conference Committee, and the Tax bill now onl.
awaits the Presidents signature to become the Law
Of the land The bill is 80 pages in length. W.
must content ourselves at present with synopsis
Section leves tax of eight per cont on al
naval stores. salt, wines, spirtuons liquors. tobac
CO. manufactured or manufactured, cotton, wool
flour, sugar. nolasses, rice, and other agriculture
products, hsld or owned on the first Of July next
| and not necessary for family consumption during
the year 1853, and grown or produced prior Il
1863. Also, tax Of one per cent. on all moneys
bank notes or other currency on hand or deposit or
the lst of July next and all credits on which tht
interest has not been paid, and not employed in
business the income of which is taxed. Moneys
outside the Confederscy to be valued according
! to the current exchange in Confederate notes.
Section requires that al persons engaged OF
register themselves within sixty days, and on the
| LIST of January Of each year, paying at the time
| their taxes
! Section doubles the specific tax for failure to
| register for every thirty days Of failure
! Section makes provision for transfer Of bust
! ness without additional tax.
Section lays tax o. frs hundred dollars on
odhheis, o""AS 0Ie e4cepteu, TAX ON a0ctlOneerS
Of ftty dollars, and too and u half per cent on
gross amount Of sales except for sales Of stock or
securities for money, the which is one fourth
Of 0ns PER cent Auction sales for dealers 10 a
business registered and taxed and at their place of
business, not taxed Wholesale dealers in liqnor,
tax OF t'ro hundred dollars, and .fre per cent on
gross sales Sales over three gallons considered as
Wholesale.
Retail dealers in liquors, one hundred dollars tax,
and ten per cent. on gross sales,
Other retail dealers chose who sell in less than
whole original piece or PACKAGE pay q tax of
.nfty dollars and too and hair per cent on gross
sales. mechanic who sells proceeds of labor Of
himself and family, exempt from tax
holesale dealers pay too hundred dollars tar
and two and half per cent on gross sales Pawn
brokers are taxed tpo hundred dollara Dis,illers
gross sales. Dstillcrs of fruit for ninety days pay
sixty dollars, &c. Brewers pay one hundred dol
lars, and two and half per cent. on gross sales.
Hotels, eating houses, &C., whose annual value
or rental Is $4,000 or more, pay an annual tax Of
five hundred dollars; annual value Of 5000 and
under 1000. pays $500; annual value Of s., 500,
pays u tax OF $500; annual rent Of $1,000, pays
500; under $1,000, pays $780, Boarding houses
in which there are six more boarders, deemed An
eating house.
Brokers pay tax Of 5000.
Commission merchants pay two hundred dollars
and two and a half per cent on gross sales. To-
eAcconists fifty dollars and two and half per cent.
OH gross sales.
Theatres pay $500. and five per cent. of gross
receipts. Bowling alleys and billiard rooms pay
forty dollars for each alley or table.
Livery stables pay fifty dollars. Cattle brokers
pay fifty dollars and two and half per cent on
gross sales. Butchers and bakers, fifty dollars and
one per cent on gross sales Pedders fifty dollars
and two and half per cent on gross sales Apothe-
carries, Photographers and Cohiectioners, fifty dol
lars aud two and u half per cent. on gross sales
Lawyers and Physicians fifty dollars.
Section requires those taxed on gross sales to
make returns thereof to the assessor the 3Oth Of
June next and every three months thereafter.
Section imposes tax of one per cent on sala-
ries over thousand and not exceeding fifteen hun.
dred dollars and two per cent for excess over fif:
teen hundred; except persons in military or naval
service
Section provides for ascertaining incomes and
profits of other thsn saaried persons. From the
gross incomes thus ascertained are to be deducted
all the actual costs, expenses in carrying on the
business, the repairs of houses machinery and the
like. The annual value Of property of every de-
scrpion, occupied, or not hired by the owner is to
be counted as part Of his income. nett annual
income. not exceeding $500, is not taxed at all
from $500 to $1,000 pays five per cent. tax from
$500 to $4,000 pays five per cent. for the first
$1,000, and ten per cent on the excess from $4,000
to $4,000 pays ten per cent from 5000 to $4,000
pays twelve and half per cent; over &c., 900 pays
fifteen per cent
Joint stock companies and corporations pay one
tenth of their annual earnings, if their profits are
over rctI and under tweusy por court, then
eighth shall be paid as tax; if over twenty per
cent, one sixth,
Sections provides for settling disputes as to an.
nual income.
Section 10 imposes tax Of ten per centus on all
profits made during 1852 by the sale of -four, corn
bacon pork oats, hay, rice, iron, salt sugar, mo-
lasses, butter wooden cloths, Shoes boots, blankets
and cotton cloths except BY persona in the due
course OF the regular retail business.
Section II provides that each farmer reserve tifty
bushels each Of sweet and Irish potatoes hundred
bushels of the corn and fifty of the wheat produced
tho present year. shall deliver to the Confederate
Government 0ne-ts tenth of the remaining wheat rye
corn, oats, buckwheat barley, rice, cured hay and
fodder, potatoes sugar, molasses cotton. wool and
tobacco, the products Of the present wear. Also
excepted; provides for estimating the crops and de-
lvering and receiving the Governments one-tenth
at some depot not more than eight miles from the
place Of production. No income tax is levied on
those who thus pay tax-n kind.
section ~ provides for receiving one tenth of the
PORK raised in the form of bacon, at sixty pounds
ior one hundred of pork. Also, for, a tax of one
per cent on the value of all cattle, horses, mules
not used IN cultivation The profits on bseves shall
The remaining sections of the bill contain pro.
VISIONS lor giving effect to the preceding. The act
is to remain in force for two years aer The nrsssnt
session Of Congress. ~, --' p'''I'
The celebrated American pedestrian, Desrfoo,.
Seipsed, on the 22d OF February, his former efforts
IN match against time. by running eleven nses
ana 81, half in twenty seconds less than an hour.
There we're four English pedestrians who asaisted"