Delaware State journal and statesman., 1864-10-28
INCOME.

sse lle And b' a farther endcied, That thsrs rha
be levd collected, and paid aanually upon the
gains profits or income Of every person residing In III
United States or Of any ci'izen Of tho United States
solng abroad whether derived from any kind property
rents nierotts Dividends saarles from sny profession
trade, employment. vocation, carried In tho Unite
stsss elsewhere, or from any other whatever
except hereinafter mentioned II such annual g1ni
profits or Income exceed the OF six hundred dollars
duty OF i've p9r centm on the six hundre
dollars and not exceeding i've thousand dollars and
duty of seven aud ore half Of centum per
The five thousand dollars aud not exceed
ing ten thousand dollars and duty of ten per cenun
on the excess over ten thousand dollars And the duiN
herein provided Tor phAl bo assessed collected and pa
upon the gAna profits or income for the year ending thu
thlry first day OF December next preceding the time o
lavyn,, collecting aud paying said duty PROVIDED, Tha
Income derived from Interest upon notes. bonds, and
other securities Of tho United States shall be inrluded in
estimating incomes under this seetion PROVIDED, Thai
only deduction OF six huuirei dollars shall be made
from the aggregate In Of all the members OF any
family composed Of parents and muo children hus-
band and WIFE, except In where such
shall be derived from the separate and individual
gains labor Of the wife child And provided Jrier
That net profits realized by ales Of real
within the year for which income is estimated, shall be
ehaFgeahla neome and losses sales of real estate
purchased within the year for which income is estimated
| shall be deducted from The income Of such year
Sec III And be farther enacted, That in estimating
natonAl State aud municipal taxes, other than the
national income tax, lawfully assessed within the year
unon the property OF income Of any psrso
said from which raid annual gains profits, income
Is should be derived shall he deducted, In addition to
sx hundred dollars from the gains proais or Income
owner tenant or moTgagor also the salary Or pay
eelved for services in the civil military, naval or other
service Of the United State including senator's repreen
Atives and delegates In Congress- above the rate of six
hundred dollars per annum and there shall also be de-
Quoted the income derived from dividends shares in
the capital stock Of any bank, trust company savings
instituton Insurance, railroad, canal turnpike canal
nagisal9n or slackwater company ana .ne Interest on
corporation company, which shall have been assessed
and the tag paid as hereinafter oyiaed also tho amount
paid by any for the rent OF the homestead used
occupied by himself his family aud the rental value of
homestead used occupied by any person or by his
family In his right 10 the right Of his Wife shall
not be included and assessed part Of the income of such
person. In estimating the annual gains profits, or in
come Of any person the interest over and above The
amount Of interest paid upon all notes. bonds and mort
Cages. other forms Of indebtedness bearing interest,
whether due and paid or not II good and collectable
shall be included and assessed part Of the income Of
such person for each year and also all income gains
derived from the purchase and sale Of stocks or other
property real personal and the increased value live
stock whether sold hand and the amount 0i gar
WOOL butter cheese, pork beef mutton, or other meats
tho estate OF such person sold, not Including any part
thereof unsold hand during the next preceding the
thrtyrst of Deeember shall be ineu9ei and sssessed
as part Of the income Of such person each year and the
gains and profits Of all panies whether Incorporated
partnership other Than the companies specified in this
section, shall be included iu estmath me annual gains
prn1ts or income OF any person entitled 10 the same
whether divided or otherwise In estimating deductions
from income, aforesaid, when any person rents build
ngs lands or other property hires labor to carry
land, to conduct other business from which such
income ia actually derived plys interest upon any ao-
tual neumbrance thereon the amount actually paid for
such rent labor interest," shall DO deducted ana also
the amount paiI out usual ordinary repairs, not
csedng the average paid u for such purposes for the
preceding I've yenrs, shall 10 deducted put no uuucoh
shall he made fr any amount paid ou. lot new DuanEs
permanent improvements, or betterm itsi mas 70 IN
tie value OF any property or esaiei tfurea Ta
In where the salary or other compensation paid TO
any porgop III the employment or service OF the United
States shall not exceed the rate Of six hundred dollars
per Annum shall be by feasi or uncertain or Irregular
in the amount in the tins during which tile same
shall have accrued or been eared sueh salary other
compensation shall DO Included in estimating tile annual
gains profits, or income oi the person 70 w9V he tAe
Of ntesua Revenue under the direction VI the Secretary
of tue Treasury, may prescribe.
sec 1ls And be ii further enaeed That 1t shall be
the duty Of all perfOnB Of lawful and all guardians
aud rnses whether such trustees are 81 by virtue Of
their Office as executors administrators, or III other
n1ueiary capacity make list or RETURN under oath or
AfrmRtlon in uurh form aud manner as inay be pre-
Aasaant tho district In which he resides Of
the amount OF his or hes income or the Income OF suen
minors peTsous as may be held ~ trust as auesas
according to the requirements hereinbttUrs mentioned
stating Tho tO9rces lom which said inccne i5 derived
whether any kind Of property 81 the purchase aud
sale Of property rents interest," dlsidenls salaries or
fiom any pfoesrion tiAds employ yment vocation,
otherwise And In case OF neglect or refusal 70 make
such etur the assisHnt Assessor shall assess
the amount OF his her noe, aud the duty thereon,
In the as Is provided for in other cases OF
neglect aud refusal 70 Furnish ss Or Ielufs ~ he pre-
visions OF this act where moi othsi ineompablei aud
assistant may Increase the amount q the lst
return, Of any party making sneh return he shall
be that the same underHated Provided That
any party IN his her own b9hhlb OF as guardian or
trustee as aoresAll shall be permitted TO declare under
oath or affirmation, the form and manner OF which shall
10 prescribed by the mmissOner Of Internal feyanue,
that ho she not pos essd OF an income Of SIX nun
red dollars liable to DO assessed according 10 the prOyi
sons of M act or may declars that he she has been
ASSESSED elsewhere In the same year for and has lAd an
Income duty under authority Of the United STATES ana
al ALI thereupOn be exempt oh Income duty In said dis
tric the list retnrn OF any party shall nave been
increased by the assistant ASSESSOR In manner as aoesad
such party may be permitted 10 DECLARE under oath OF
affirmation the amount OF annual incIe tue amount
held IN trust ai0resaid liable 10 be ssed aud the
same 30 declared shall bs received by saeh ass stant
true, and ~ the SUN upon which duties are
TO be assessed aud collected except That % deductions
approved by the assistant But any person feel
lug aggrievel by the decision OF tue haspant assessor m
such cases may appeal TO the assessor Of tne dlsle a4d
and manner proceedings shall be subject TO rules and
suaons to be prescribed by tue Commissioner Of In
teTnAl Revenue.
zee lip And be II further enacted, That the duties
incomes herein Imposed shall be levied on the FIRST day
Of May and be due and payable on or before ths tnren
DAY OF June In each yeAr until and including tue year
eighteen hundred and seventy anu no onger and TO any
um sums annually due aud unpaid for thirty days
the thrleh Of June, Aforesaid aud Tor ten days
after demand thereof by the eeeGr there shall be levied
in addition thereto, lhe sum Of ten per fenum on the
amount of duties unpaid as "a penalty except ron Tie
estates OF deceased aud ins0vent persons. And u any
person liable pay such duty shall neglect OF refuse to
pay the same, alter such demand, the amount due shall
be lien In OF the United States from te time IL
until paid with the interest," penalties, aud costs
may in addition thereto upon all the property
aud rights to property belonging to such pesona and IN
default OF the payment OF sad duty aforesaid said lieu
be enforced by datraint upOn sneh property rights
property stocks securities, aud evidences OF debt by
whsmsoeSer holden and for this purpose the colloeor
after demands duly given Aforesaid shall issue
Tant in form and manner to be prescribed by the Com
missioner Internal Revenue under the direction Of the
Secretary of the Treasury, and by virtue Of sush warrant
there may be levied on such property, rights TO property
stocks securities and evidences VI debt further sum- Il
be xed and stated in such warrant over and above the
said annual duty, interest," and penalty for non payment
SUFFICIENT for the fees costs and expenses OF such levy
And all OF sale aforesaid the certificate Of sucl
sale by the collector shall vest In the purchaser all right
title aud interest OF such delinquent in aud to such pro-
perty whether the property bs real or personll an.
where the subject OF sale shall be stocks the eefcale
said sale shall be lawful authority aud nole lolhe lIope
corporation company OF association 10 record the sAnit
on the books records in the same manner AS II trans
eTred or assigned by the person or party holding th
same to isaus certificates OF stock therefor In lieu
any original or prior certificates, which shall be vol,
Whistler cancelled not Aud said certificates Oi sale
the collector where the sui 5et Of sale tA DO securite
or other eylsnees Of shall be good and valid receipt
to the person holding the sao, as against any IeAol
holding or claiming hold possession OF such secarlle
sr other evidences OF debt.
Fec l2O. And Je JaTiher eaete, That there shall b.
levied and coeelhd duty Of five pvr csnum on all divi
lends scrip money thereafter declared due, ant
whenever the shall be payable, TO slolkholdcrs
polIcyholdeT depOstOrH, part OF the earning in
come or gains Of any bank trust company savings nsl
tutiOu aud of any fire, marne life, inland, INSURANCE
company, either stuck mutual undsr whatever name
style known or called IN thu unal States or Territories
whether specially incorporated or eSsng under genarA
laws and on all undistrlbuted sums sums nlade o
added durlug the year to their surplus or contngen
funds and said banks, trust companes saving ins tu
tOnR, and insurance companies shall pay the said duty
aud hereby authorized 10 deduct and Withhold tfuu