Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1864-03-23
From the Richmond Examiner.
Duties of Taxpayers and Currency
uo1ders IL, orf}e,. of Time

cent. tax, now due.
Fund 800 Observation-Disclosures bearing.
Fund SOS, 20's and los for four per
cent. bonds.
Provide enough of such bonds to pay
taxes due in 1864, and as many more as
you please.
April l, 1S64-Reglster and pay taxes
on sales and profits under Act of 1868.
You can now exchange SOS, eos and
los for new issues.
Before June 1, 1S64-Give in property
tax at value of property in 1860.
l. Value Of land, negroes, (unless. bought
since January l, 1S62-then give in the
price paid for them,) plantation stock,
mules, horses, cattle, and all live stock,
plantation tools and provisions, and all
property employed in agriculture.
Keep this separate from the other prop
erty, because it is to be paid il the tithe,
or the value of the latter deducted from the
tax.
2. Other property, viz: real estate not
used in agriculture, furniture, books, pro-
| visions, utensils, cotton, tobacco, &C., &c.
(But if cotton and tobacco, bought since
January, 1862, value it at the price paid
for it.
8. Coin and bullion held in this country.
Confederate bonds, (not including the four
per cent. bonds last authorized J bank bills,
and other currency, Except non.interest
bearing Confederate Treasury notes., and
except capital or notes, &C., employed in
trade, otherwise taxedO also, credits, notes,
accounts, &C., bonds.
4. Money held abroad, at its market
value in currency.
S. Joint stock, at market value in cur
rency.
6. Plate, jewelry and watches, (10 per
cent. tax.)
Merchandise is not given nor taxed as
property, the income being taxed.
June l, 1S64-Pay property tax on the
foregoing-except on agricultural property;
on this pay tithes from time to time-and
the residue, when ascertained, in money.
Pay gold and silver coin tax, exchange, |
&c., IN kind.
Before July l, 1S64-Fund IS bills.
July l, 1864 -;.Give in and pay sale or
profit taxes under Act 1868, commence
payment of tithes, from time to time, as
crops are gathered. i
October l. 1s64-sales and profit taxes
again.
Continue to pay tithes. .
January l, lS65-Salcs and profit taxes
again.
Income tax for 1864 now due.
From income, exclude house rent, SER
want hire, interest on notes, value of cattle
and beef sold, and any other income derived
from taxed property.
Salary for 1864.
Give in and pay extra profit tax levied
by late Act for 1864.
Corporation tax on excess of profits are
25 per cent. Corporations pay no other
income tax for 1864. The stockholders
pay the tax on the stock, as property, June
l, 1864.
March l., lS65-Cotton and bacon tithes.
I Pay residue Of agricultural tax of 1864.
As the taxes due in 1854 are payable in
4 per cent. bonds, it is important to know
which taxes are due this year. 1t is to be
remarked that the tithes of corn are not so
payable. What taxes are e?
/. The whole property tax of every sort,
(tithes excepted,) the tax on gold and sill
yer plate, jewelry, watches, go; the tax on
joint stock. '-.
Query.-Will the 4 per cent. bonds pay
the taxes on coin, exchange, credits. bonds
and currency? We think not. They are
to be paid in kind.
2. The extra profit tax of 10 per cent.
on profits of 1863 is now due.
8. The registry and gross sales taxes for
April, July and October.
But not the income, salary or professional
taxes for 1864, which are payable January
l, 1866.
We will now propose and answer a few
of the most important or most perplexing
questions connected with these Acts:
l. When is the tax on agricultural prop.
erty to be paid By section Con 1st
June, 1864, or as soon thereafter as praoti.
cable, the whole property tax is to be paid.
By section from the tax on property
employed in agriculture shall be deducted
the value of the tax in kind delivered
therefor, provided that no credit shall be
allowed beyond 5 per cent. We cannot
think this language authorizes the construc.
tion which requires the planter to pay the
5iper cent tax in advance, and have the
values of the tithes refunded from time to
time. The money tax is to be paid when
ascertained. The tax Is to be paid as soon
after June as practicable, "when it is
ascertained what deduction" is to be made
from the per cent. tax for the value of
the tithe. The other construction lis not
supported either by the nature of the thing
or the language of the law. The law does
no. contemplate 'srefunding," but 'sdeduc-
tion"-not the advancement of more than
is due, but the payment of residue. And
it would be most convenient and rigorous
rule to require men to raise money at time
of the year Wien planters certainly have
nothing to sell, to be refunded by dliblets
in the fall. - -
The law would alike be inconvenient to
taxpayers and tax-collectors.
Query.-Could planter pay his estima.
ted deficit (viz: between the 5per cent. tax
and the aggregate value of tithes, suppesing