Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1863-05-20


and p,nfls shall he asoertained. assessed and
taxed ia the hummer hereinafter prescribed.
|. if the income be derived from the rents OF
houses, lands, tenements manufacturing or mi
ming establishments, fxlures and machlneiy'
mills springs Uf salt O,. or veins OF coal, irnn
or other minerals there shal be deducted from the
cross amount Of the annual rent sum sufficient
for the necessary annual repairs, not exceeding
ten Der centum on said rent, except that the rent
derived FROM houses shall be subject to deduc-
ton not exceeding five per centuln for annual
repairs.
IL. If tho income be derived from any manu-
featuring or mining business, there shall be de-
Quoted from from the gross value OF the products
of the ,enr drst, tho rent Of tho establishment
and fixtures, if actually rented and not OWNED oy
the person prosecuting the business second, the
cost Of the labor actually hired and paid for;
third the actual c"st of the raw material Pur-
chased and manufactured.
III. If the income be derived from navigating
enterprises, there shall be deducted from the gross
earnings, including tho value of freights sn goods
shipped by tho person running the vessel, the
hire of tho boat or vessel, if not owned by tho
porson running the ssns, or if owned by him
reasonable allowance for the wear and tear OF
the same, not exceeding ten per cantum per an
nun, aud also the cost Of running tho boat OF
vessel.
i ".
from boat or ship building, there STALL be deducted
from the gross receipts of bis occupation, inclu-
,fng tho value Of the ship when finished, if built
for himself, the cost Of the labsr uclualy hired
and paid l,y himself, and the primo cost OF tho
nls!urials, if purchased by him..
v, IF the income be derived by the tax payer
from the sale any otherproperty,
real or personal there shall DO deducted from the
rro,s amount of sales the primo cost of the prop
.r,y sold. including the cost of transportation.
salaries uf clerks actually paid, and the rent OF
buildings empl"yel in the business, If hired AMI
not owned by himself.
vi IF the income be derived by the ia, payer
from any ether occupation, profession, employ
mept or business, there shnll be deducted from
the gross amount of fees, compensation, profits,
earnings or comm ssons, the salaries OF clerks,
actually paid, and the rent Of the ofhce or other
building used in the business, If hired and not
owned BY himself, the cost Of labor actually PAID
md not owned by himself, and the cost OF ma
terial other than machinery purchased Tor the
use Of his business, or {" he converted lhlo aoine
uther form in the course of his business anu IN
case of mutual insurance. companies, the amount
of losses paid by them during the year. The In
come derived from all other sources shall be sub
iect to no deduction whatever. Nor shall ior-
ciguers be subject to n tux from any otncr income
than that derived from property owned, or oceu-
pntions or cmp)oyments pursued by them w'th'n
the Confederate States. and in estimating inconie
thero shall be included the value OF tho estimated
annual rental of all dwellings, houses, Ouiluihgs
or building lots in cities, towns Or villages ocsu-
pied by the owners or owned and not occupied Or
hired. and the value Of the estimate anhuai nire
of NIL slaves not engage on plantations or farms,
and not employed in some business or occupations
IN. profits Of which are taxed Us income under
this Act. When the income shall DC mus ascer-
taincd al Of those which do not exceed hVe nun
,red dollars per annun shall DO exempt lfolh
t,1utiop. On ull incomes received during thc
wear over five hundred dollars ani not eAceeu-
iny fifteen hundred dullars tax OF hre per CONT
snall be pnid On NIL incomes over hiteen nun
drcd dollars, and less than three Thousand u"i-
lars five per cent. shall be- paid ON the hist hiteen
bundr,l dollars and ten per cent. ou the excess
nm NIL incomes of or over three thousand dollars,
aud less than five thous and dollars, tax OF ten
urr cent. sIul be paid ou all incomes of or over
fye thousand dollars, and less than ten thousand
,I,ll,rs n tax of twelve aud half per cent shall
n. u,iI and ON all incomes of ur over ten th"u-
,nnL dollars, d tax Of fifteen per cent shall DC
pud All Joint stock companies and corp"ratiohs
shall reserve one tenth Of the annual earnngs set
apurt for dividend aud reserved tuhd' 10 pe pau
Ia thv cullectur of the Confederate TAX, anu tno
dividend hsn uaid to thu stcckhuld"r shall not he
e.,im,t.d "A part uf his income for tho purposes
If this Act All persons shall give r an estimate
If their income and profits derived from any 9TH
er sourcc whatever and in doing 80 shail hrst state
the gross amount of their receipts US individuals
or members Of firm or partnership, and, also,
state particularly each item, for which deduc-
ton is to be made and the amount to be deducted
for il: Prorided, That the incomes and profits
upon which the above tax is To be imposed shall
n..t be deemed to include the products of land
which are taxed in kind, as hereinafter described:
Prorided farihc- That in case the annual earn
ing vf said oint stock companies and corporations
set apart rs aforesaid, shall give profit of more
than ten aud less than twenty per ucnt upon their
ca pi, stock pail in, mo eighth OF said SUN so
set apart shall be p,d w tax To the Collector
aforesaid. and in case id SUM so set apart shall
give trutit of more than twenty per cent. on
their capital stock paid in, one-sxth thereof shall
bs reserved aud paid Us aforesaid. The tax le-
We'd in thi. section shall be CO lrcied the first
dsy of January next and ol each year thereat-
ter.
SEC 9 That If tho assessor shall he dissatis-
fed with the statement or estimate Of income and
profits derived from any source Whatever, other
than products in kind, which tho tax payer Is
required to rendor, or with any deducti"n c'aln-
cd by said tax payer, he shall select ono disinter-
ested citizen of the vcinago, as referee and the
tax payer shall select nneth and the two
inyes stiyatc and determine the facts in reference
to said estimate and deductions, and f1 the
amount of income and profits on which tho tax
puyer shuli be assessed. and certificate signed
by u mnjnrity Of the referees shall DO conclusive
n. to the amount of income and profits on which
the tax payer shall be assessed: Procided, That
| if any person shall fail or refuse to render the
statement or estimate aforesaid, or shall fail or
refuse to select referee aforesaid, tho asses
sor shall select three Referees who shall FIX the
amount of income aud profits on which the tax
payer shall 10 assessed from the best evidence
they can obtain, and certificate signed by na-
jority of said referees shall be conclusive on the
tax payer: And proridea further, Thatfn any
case submitted to referees, if they or majori y
of them shall iud and certify that the statement
or estimate of income aad profits rendered by the
tax payer does not contain more than four hfihs
of the true and real amount Of his taxable income
and profits, thon the tax puyer, in addition the
income tax on the true amount OF his income and
proGts ascertained RI d assessed by tho referees,
shall pay ten per centum on the amount OF said
income tax, and the assessor shall be entitled to
one fifth of said additional ten per centum over
nnL above all other fees and allowances: A"d
provided further, That the assessor may admin
lister oaths to referees, the tax payer, and any
witucs. before the Referees in regard to- snid e5-
innate, aod any deduction claimed. or any fnct in
reference thereto, ia SUCH fora as tho Secretary oil
the Treasury may prescribe.
l. l,t rNarc