Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1863-08-06

ATES OF AMERICA-WILMING1
SYNOPSIS OF DECISIONS MADE BY SECRETARY OF
THE TREASURY, U.DER 1HE TAX LAWS.
dealer who registered and taxed and the place b
ness OF such dealer AGconeera required, with this
exception to pay tax OF q per cent all sales made
ing to their true value july that value be
tanned by the Assessor in the best practicable
der the circumstances of each case the oath Of the
payer and any other available evidence.
SCISSORS may be recommended but cannot be appoint
confined to State Collectors.
Attic Es taxed by Sec lst OF the articles taxed
by Sec ls of the Tax Act sold oy any firm
whose business required to be registered by sec
that mpose1 the saes of other articles by the
same establishment That the payment of the ad Uao
h . tax OF per cent saeh arcle does not
per cent. under Sec. 5.
BANKERs-An insurance conpany in receiving and pay
ing out the of State university is regarded
merely dsbursDg agent and not banker, and is
BoNDs The interest Confederate bonds is taxable
in under Sec Act Oath April 1863. (See credits
BROKERS are taxed by upon their recommsslons
CA1r1EBy Sec. IL, the value of all cattle, horses
mules and asses not cd in cu!tValon is taxed per
cent to be returned and tax paid on st
'aHn0ary next fxsd oo.+on h7 the nanartnent
1t The duty of the person holding the cottcn when he
makes return to return at its value according to
low valuation should thus be placed upon it, in the
nation of the Assessor will be the duty OF that officer
in each particular district to place such value it,
the quality of cotton would demand in that marke
under ordinary circumstances of sale That h under cir
cumsances of voluntary and enforced sale The rule
will appy to the articles of wool and tobacco as we'll
any year prior to the year 8s3 in the hands Of manuac
tarers on ist july liable to pay tax OF per cent
articles are sufjsct to be taxed wholesale deal
ers Also to pay tax on their income-and joint stock
sans aDa
Cogh IT, IN s ] po or
Europe is liable to tax under Sec lst The goods so OBJ
when sold ia the Confederate States If sold by
auctoneer wholesale dealer, commission mcrch
p e M be- p H h
selling and SO on until they reach the consumer. The
will also be under Gee. 8, if the iuco
the seller from all taxable Sources exceeds $500 Cotton
factors are commission merchants in contemplation OF the
CoMAIss1oN MERcH and others taxable under Sec
Oath APRIL 1853 The specific for the year ending
gross sales or profits attaches from and includes the 24th
April, 1868, the date of the act
CREDTssec st taking credits is to De construed in
connection with sec 8, taxing incomes. The scheme OF
the law is to lay alternative of one per cent On cap
ita 10 Is per incomes. 1t is not designed
capital ara again the and this the idea
conveyed tho law when speaking Of credits upon which
ring the year 1863 subj income and capital
tax is designed to be laid upon the credits pro-
ducug that interest The rule thus furnished 1t follows
that the cent Is not laid credits on which
tbs has be paid and dle to lat Juy but when
ital '',,O- OD' --'D 49,"
'.vaue of credits" is construed 70 aean the principal
and interest," if paid, of ali solvent tItdt and lie es
tmated valae credits that the holder wild swear not
worth the principal aad interest. Creds employed in
business the income of which taxed under the act are
exenps from the capital tax of cent 10 De entitled
exempt tie edits to part of and be excla
sey used IN Carrying on the business, ana The money
rived from tn+m must also be so extensively USED "Aep
sooks Who're the 9 at eta u
has been paid to the las STATED period when 1e DUE
cd arrives the credit il not taxed capital
terest curing The must be returned as on st
January next Credits include a unlIqudated demands
such open due and uapaid which to be
taxed according to their true value on Juy lst lo6
CURRENCY-The words "other currency IS used IN Sec
ton ist. construed mean all individual corpora
ton notes issued Tor crcuation and genera received
and used as currency medium ct trade IN any oonmu-
nifty in the COniede States
DIsTILLtRs persons partnerships who distil
in the meaning of Art Tax Act and whether they
dlst exclusively tor the government on contract or for
the Act.
Where person is engaged regular distiller he is
required Under Par. VIII Sec to register such, aud
to the specific tax OF $500 and 20 centum the
gross sales He will be authorized sg all his spirits
without making any other regry or paying any other tax
upon sales (aways saving and excepting the tax not
Gomez To d fruit Tor 30 days less is the lesser phi
vege and merged into the greater Where regular dis
tler dss rnt; therefore, Lesuar distiller regste ed
such, has pay additional for the privilege of
distilng fruit but he may on the contrary under his
rived therercm when sold subject to the 20 ceut
it's value just like other fpirita Bot those who only still
time engaged (no exceed 80 days and 80 cents per
gallon fer the ten gallons, 81 gallon ell
It's distilled beyond that quantity.
DWELLING HOUSES, &o.-Every person owning dwelling
houses or building lots in city, town Or village i not DC
tualy rented to another whether occupied by himself
not will be required to income tax upon the est
mated annual rens This does not apply to nncuvaed
rent OF lanGs not cultivated dwellings other buildings
not in the city, town or village
pupils Of school, belongs to ani inures to the sole
and profit of the school, forms of the income OF
the school, and taxable eating house. Ii the
principal of school, not be- the proprietor butreeeiv
stated salary keeps boarding house for pupils
his account six moro boarding with him. then he
according to the class OF the house, to be determined by
the amount of estimated or actual annual rent.
GAMBLING HCUsEs-The income and profits of gambling
houses not being exempted by the Act subject to the
This does not egalize or license gambling. If tax
payer holds, on the first of July sum of money he ia
bound to return the amount and thereon tax of
per cent The law does not Inquire how he to
it-whether by lawful unlawful practices He may
have stolen it, yet The receipt by the Government OF tax
thereon would not legal1ze the theft.
INcoME.-Persons returning income should return in
and profits derived from every investment of labor
rived from any t1hGerer fIcept salaries. The in
terest Confederate bonds Income derived from he
investment of money and therefore taxable 30 is the
interest bearing Treasury notes. Income from
Sources with the exceptions specified in the tax act
should be returned to the When joint ste
company or corporation reserves the portion o their an
earnings apart dividend and reserved fund.- and
pays the the collector required by article
Tax then the dividend the stockholder shall
not estimated part Of his income for the purpose
taxation. Interest bearing Treasury notes berg car
rency are taxed one per cent by sec excudrg the IN
terest which is taxed as income.
Income and monies of schools, colleges, &C., are ex
enp if the teacher s proprietor the income and monies
the proprietor, but employed above 81 600 per an
mum.
LIQUORS sold by CONN sion merchants for others pay
the same other goods But regular wholesale re-
tail dealers are prohibited selling liquors, under he
registration SUCH if they sell liquors, will have to do &c
separate registry paying the tax OF FIVE or ten pei