The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1863-05-09
The Income Tax.

leci. The following regulations ior It's col
lection, just announced by ihe COMMISSIONS
Of internal Revenue, will be found usefu
for reference:
| The assessor and assistant assessor o
each collection district will assess the ia.
come tax on the first day OF May next, upon
every person residing in the district liable
thereto. Each person will be required 70
return hs total income, so far specifying
the sources from which il Is derived as to
enable the assistant assessor TO decide
What deductions shall be made thereirofn
Perso ms whose income does not exceed the
sun OF $40 600, aud who reside in the Uni
ted States, will be subject to duty Of three
per cent. on such portion thereof as is Ii
able 70 laxation; provided, however, that
upor the income derived from interest
upon notes, bonds or other securities Of the
United States, duty Of one and half
per cent. will be levied.
Persons whose incomes exceed $1,000
will bs subject to duty Of five per cent.
on the portion thereof subject to taxation; !;
provided however, that upon The income
derived from interest upon noies, bonds or
oher securities OF the United States, a
duty Of one and half per ceut. viii be
levied. Citizens Of the United States re-
siding ubroad and not in the employment OF
the Government Of the United States, will
be subject TO a duty Of five per cent. on
The income Of any property, securities or
stock owned in The United States and not
exempted from the income tax; provided
however that upon notes. bonds or otLer
securities Of The United States, duty Of ore
and hall per cent. will be levied. Every
farmer o. planter will be required TO make
return 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 p.oducel
by himself and family.
The following deductions will be maze
from the aggregate income OF each person,
and the tax assessed upon the remasder,
viz; State and local taxes assessed IN the
calendar year proceeding this assessment,
70 wit: from January l, 1862, to December
|, 1852, inclusive; salaries Of officers or
payne MS 70 persons 10 the service or EN-
oftAe UDited States from which q
Of three per cent. bas been made
BY the dislursing otfi:ers Of The Govern
nen,; interests OF dividends Of stock. capital
,r deposits sn any bank, trust company.
1r saving institution insurance, bridge.
express, steamboat, feryboat, railroad com
pany or corporation. from which interest
1r dividends duty Of three per &C Mt. shall
have been deducted by the officers Of such
companies corporations, or associations; In
Leresi from any bonds or other evidences oi
Of any railroad company or
other corporation, from which duty Of
Ihree per cent shall have been de Quoted by
Tie officers Of such company or corporation,
and ;ccipts derived from advertisements.
On which a duty shall have been sssessed
and paid; also the sum Of 5000. except in
hose cases where the whole or any par, of
he said $500 shall have been deducted from
he salaries or pay Of officers Or persons in
The service or employment Of the United
States; the amount actually paid for the
rent Of every dwelling ousc or estate
which is the residence Of the person asses
scd. and the amount paid by any farmer orI
planter for hired labor and necessary repairsl
upon his farm or plantations including theI
subsistence Of the laborels.
Whenever the total income OF any personI
exceeds $40 900, and deductions are made
upon the ground that portion OIL
such income has been subject to three per
cent. duty upon dividends or interest paid
bv companies. corporations or associations
a. before enumerated. suclr person will bel
subject 70 tax Of two per cent additional
upon SO much Of his income as may have
been previously sub jected TO duty Of three
per cent.by the officers Of the companies
corporations OF associations before named.
Guardians and trustees. whether such
trustees are 90 BY virtue Of their Office as
executors, administrations or other fiduciary
are required to make return OF
the income belonging to miuors Or other
PERSONS which may be held in trust as a!ore-
said, and the income tax will be assess ed