The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1863-04-23
uncOme Tax-How it is to be A''c'1


WAsHINGToN, April 10, 1873,
The Commissioner Of Internal revenue na'
inst issued the following regulations Tor inc
assessment of Income tax: 1911
Tba Assessor and Assistant Assessor OF eaGII
Collection district will assess the income tax
on the first day of May next upon every per
-, roo;dino within the district liable thereto.
Eocb ra,sGn will be required to return total
;ncome so far specifying the sources from
vrbicb if is derived, as to enable the Assistant
Assessor to decide what deductions shall DC
made therefrom. Persons whose income does
not exceed S10,O 900 and who reside III me
United States, will be subject to a duty u .
pcr cent. on such portion thereof as Is liaGio
to taxation, provided, however, that upon 'lio
income derived from interest upon hote9' oo.h'
or other securities Of the Unlted 0'aHeS' ""-
ty IL per cent. will be leVled. =,
Persons whose income exceeds SlO,OUO VIII
he subject to ayduty of 8 per cent. on the por-
80 T9bIe to taxation: provided, however,
HAT mon the income derived from interest
mon notes. bonds, or other securities OF the
United States, a duty Of y per cent. VIII be
levied Citizens Of the United States, rcsld-
ing abroad and not III the employment OF the
United States, will be subject to a duty OF .
per cent. on the income Of any property secur-
tiles. or stocks owned in the United States
and not exempt from the income tax provl-
ded, however, that upon the income derived
from the interest upon notes, bonds, or other
securities of the Unite d States a duty Of u
per cent will be levied.
Every farmer or planter will be required to
make returns Of the value Of the produce oil
his farm or plantation, without deductng Tor
the labor or services of himself and family, or
for any portion Of such produce consumed by
himself and family. The following deductions
will be made from the aggregate income OF
each person, and the tax assessed upon the
remainder. viz: State and local taxes assess
ed III the calander year proceeding this assess
ment, to wit: from January l, 1862, to Dc
cember 81, 1852, inclusive salaries Of officers
or payments to persons in the scrvlce or EN-
plOyment of the United States, from which a
deduction of three per cent has been made by
the discussing officer Of the Government in
terest or dividends of stocks, capital or depos-
its in any bank, trust company or saving in
s~titntion, insurance, bridge, express, steam
boat, ferry-boat, railroad company or cOrpo-
ration, from which interest or dividends a duty
of three per cent shall have been deducted by
the officers Of such companies, corporations or
association.
Interest from any bonds or othor evidences
ofindebtedness OF any railroad company or
other corporation, from which a duty of three
per cent shall have been deducted by the Off
GERS Of such company or corporation, and
receipts derived from advertisements on which
a duty shall have been assessed aud paid al
50, the sum of $500, except i'll those cases
where the whole or any part ofsaid $6O0shall
have been deducted from the salaries or pay
OF officers, or persons in the service or employ
III ent Of the United States the amount actu-
ally paid for the rent of every dwelling house
or estate which is the residence Of the persons
assessed and the amount paid by any farm
er or planter for hired labor and necessary
repairs upon his farm or plantation, including
the subsistence of the laborers.
Whenever the total income of any person
exceeds SO, 900, and deductions are made
therefrom, upon the ground that a portion Of
such income has been subject to a three per
cent duty upon dividends or interest paid by
companies, corporations or associations, as be-
fore enumerated, such person will be subject
to a tax Of two per cent. additional upon 50
much Of his income as may have been previ-
ously subjected to a duty of three per cent.
by the officers Of the company, corporations
or associations before named. Guardians and
trustees, whether such trustees are 50 by viz
tue Of their Office as executors, administrators
or other Judiciary capacity, are required to
make a return Of the income belonging to mi
nors or other persons, which may be held III
trust as aforesaid, and the income tax will be
assessed upon the amount returned after de
Quoting such sums as are exempted from the
income tax as aforesaid; provided, that the
exemption of $500 under section 80 Of the
Excise law, shall not be allowed on account
Of any minor or other beneficiary Of a trust,
,-,,,A 49,, 4bo ,+,+,,,,rt Is A., ,,,or1;o., ~.
trustee, made under oath, that the minor or
beneficiary has no other income from which
said amount of 5000 may be exempted and
deducted. Whenever persons liable to assess
ment Of income tax shall neglect or refuse to
make the lists required by law, or when the
lists made and rendered by such persons shall
not be accepted by the Assessors Or Assistant
Assessors as Just and proper, it shall be the
duty Of such assessor or Assistant Assessor
to make lists for such persons according to
the best information he can obtain. Persons
50 assessed may take oath of affirmation as to
the amount Of income and deduction there
from, agreeable to section 90.
Persons receiving rent may deduct there
from the amount paid for necessary repairs,
insurance and interest on membranes upon
such rented properly. The cost of new struc-
lures or improvements to building shall not
be deducted therefroln. The tax must be lev
led upon all dividends declared prior to Sept.
], 1862, and upon 5000 of all salaries of off
GERS or payments to persons in the civil, mil
itary, naval or other services Of the United
States for services rendered prior to said date, |
as such dividends and proportions of salaries
were not subject to deduction or assessment.
Interest received from on due by trust com
panies, saving institutions, insurance, bridge |
express, steamboat, ferry-boat, and railroad
companies, corporations, or associations, prior
to the same date, must also be taxed. Inter
est paid by him on membranes upon the
dwelling-houso OF estate in which the assess
ed person resides, may be deducted from the
income also, his payments for necessary re-
pairs. Farm produce which the producer has
on hand onsDec. 81, 1852, must be appraised
at its marketable value on that day. The in
come-tax shall be included in the annual list,
and appeals and other proceedings held as
provided by law.
-S0N-
From Charleston.
New YORK, April 10.
A Hilton Head letter contains the following
items
A detachment of troops was left on Folly