Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1863-04-24
THE CONFEDERATE TAX BILL.

THE CONFEDERATE TAX BILL.
Yesterday the House agreed to the report OF the
Conference Committee, and the Tax bill now only
awaits the Presidents signature to become the law
OF the land. The bill is 30 pages in length. We
must content ourselves at present with synopsis ::
Section levies tax of eight per cent on all
naval stores salt. wines, spirituQus liquors, tobac-
CO, manufactured or manufactured, cotton, wool,
-four sugar, moaSses, rice, and other agricultural
products held or owned on the first OF July next
and not necessary for family consumption during
the year 1868, and grown or produced prior to
1853. Also, a tax of one per cent. on all moneys,
bank notes or other currency hand or deposit on
the LIST of July next; and all credits which the
interest has not been paid, and not employed in
business, the income of which is taxed. Moneys
outside the Confederpcy to be valued according
to the current exchange in Confederate notes.
Section requires that al persons engaged or
about to engage IN pursuits named in section b, to
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 a tax o. fire hundred dollars on
bankers; banks are excepted; tax OH auctioneers
ofyttty dollars, and too and a half per cent. On
gross amount OF sales except for sales Of stock
securities for money the tax which is one fourth
business registered and taxed aud at their place of
business not taxed Wholesale dealers in liquor,
tax Of tsoO hundred dollars, and tiCe per cent on
gross sales. Sales three gallons considered as
Wholesale.
Retail dealers in liquors, one hundred dollars tax,
and ten per cent. on gross sales.
Other retail dealers (thoSe who sell in less than
whole original piece or package) pay a tax Of
fty dollars and ttrO and half per cent on gross
sales. mechanIc who sells proceeds Of labor Of
himself and family, exempt from tax.
Wholesale dealers pay taco hundred dollars tag,
and two aud half per cent on gross sales. Pawn
brokers taxed ttcO hundred dollars Dstillcrs
pay trrO hundred dOilars and twenty per cent on
gross sales. Dis;crs 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 annual tax Of
five hundred dollars annual value of $4,000 and
under $4,000, pays $500; annual value of 81 500,
pays tax Of 5000; annual rent of 81 900, pays
500; under $1,000 pays $50. Boarding houses
in which there are six more boarders, deemed an
eating house.
Brokers pay tax of $500.
Commission merchants pay two hundred dollars
and two and half per cent on gross sales. To-
bacconiss fifty dollars and two and half per cent
on gross sales.
Theatres pay $500, and five per cent of gross
receipts. Bowling alleys and billiard rooms pay
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. PeddlerS fifty dollars
and two and half percent on gross sales. Apolhe-
carries Photographers and Confectoners fifty dol
lars and two and half per cent gross sales
Lawyers and Physicians fifty dollars.
Section requires those taxed gross sales to
make returns thereof to the assessor the 3Oth Of
June next, and every three months thereafter.
Section z imposes a tax of one per cent on sala-
rics a thousand and not exceeding fifteen hun
drcd dollars and two per cent. for excess. over if
teen hundred; except persons in military or naval
service.
Section provides for ascertaning incomes and
profits oil other than salaried 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-
scrpton, occupied, 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 $4,000 to $40 900
pays twelve and half per cent; over $40 900 pays
fifteen per cent.
Joint stock companies and corporations pay one
tenth OF their annual earnings if their profits are
over ten and under twenty per cent, then one
eighth shall be paid as tax; if over twenty per
cent, one-sxth.
Section provides for settling disputes as to an
nual income
Section 10 imposes a tax of ten per centunp 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 persons in the due
course of the regular retail business.
Section ] provides that each farmer reserve fifty
Bushels each of sweet and Irish potatoes, hundred
bushels of the and fifty of the wheat produced
the present year, shall deliver to the Confederate
Government one. 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 year. Also,
One-tenth OF the peas and beans, twenty bushels
excepted provides for estimating the crops and de.
lver!ng and receiV1ng the Governments one-tcnth
Mt some depot not more than eight miles from tho
place Of production. No income tax is levied on
those who thus pay tax-in kind
Section II provides for receiving tenth Of the
pork raised in the form of bacon, ut sixty pounds
for one hundred Of pork. Also for tag of one
per cent on the value of all cattle, horses mules
not used in cultivation. The profits on beeves shall
pay an income tax.
The remaining sections of the bill contain pro-
visions for giving effect to the preceding The act
is to remain in forcs for two years after the present
session Of Congress.
The celebrated American pedestrian, Deerfoot
eclpsed on the 22d Of February, his former efforts
in match against time, by running eleven miles