Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1865-04-12
DAILY SENTINEL
.IvEDNEsDAY MORNING. APRIL u. !
rhe Income Tax-The New seym 81
RefuFns

The Income Tax-Ths new ssym of
Returns.
A lev copies of the amended form ofTe,rsps
3 Zoe The income tar hive been received By The as
SCISSORS Of internal revenue 10 this city. but no
sufficient supply for general aistribniion among
tax pages. We give beovuie material parts
Of the blank forms. which set forth . long array
Of questions requiring answers
The detailed statements OF the form are com
prised under sixteen heads. covering all sources
Of income OF profit for the year eoding December
81, 1854 The following questions are to be
asked by the assessor:
Had your wife any income last Jearf
Did any minor child Of yours receive any sals-
ryIast yearf
Have you included in this return the income
ofyoar wife. and salary received oy minor chill
drenf
Have you any stocks and where are theyf
Il your report made on the basis Of goldf
Have yor bought or sold stocks of other prop
Have you any United States securiiiesf
Do you return the premium on gold paid you
ss interest on United States securitiesf
Have you kept any book account
IL your income taken estimated from y our
books.
Have Dot the expenses, etc, claimed as de
reported as proftsf
Did you estimate any portion Of your profits
70 making your returns for 1857
Was any portion treated as worthless, aud. If
since paid. have you included il in this return!
al incomes OF 1864 less than FIVE thousand
dollars are subject to Ave per cent tar; over five
thousand dollars, ten per cent. The blanks must
be filed and returned to The assessor BY the LIST
of May Personal service OF the blanks is not
1nfv frt~ IL
to make public announcement in a newspaper Of
his county.
Deductions are permitted as follows:
l. Exempt by law. $500.
9. All national, state and local taxes paid
within the year (which includes the deductions
of the income taxes actually paid in 1861
3. Losses on sales OF real estate purchased
within the year.
4 Interest paid out or falling due within the
year.
5. Amount actually paid for rent of homestead,
store, shop.
g. Insurance, repairs, fuel consumed in carry
ing on business, wages OF employees, and interest
on Membranes.
All csrrisgess are taxed from 81 up to $40; gold
watches 81 each. il worth less than one hundred
dollars, aud 81 IL worth moro than one hundred
dollars. pianos. 81; yachts from S. to 500; pri-
vate billiard tables. $40; gold plate so cents per
ounce Troy ana SILVER piatc - cents.
The tables in the blank form are very eabOr-
ate. but the foregoing are the principal points
Every person failing to make returns by the
18th of May next will be liable to be assessed by
the assistant according TO the best infor
nation be can obtain; and in such ease the az
sistant assessor will add twenty FIVE per cent to
the amount of the tax.
In Gaze any person shall deliver TO an assessor
any false fraudulent list statement. with in
lx(~ IL 81. 4.
ration required by law, the assistant assessor
will add one hundred per cent. to such duty;
and in such case the list will be made out by the
assessor assistant assessor, and from the val
uztion and enumeration so made there can be no
appeal.
The asses meut liti. when complete, will be
returned 70 the collector, who will advertise in
some public newspaper published in each county
within the district, IF any there be. aud by writ
ten or printed notices, 10 be posted up in at least
four places within each assessment district. that
the said duties have become due aud payable.
and state the time aud place within said county
at which he will attend to receive the same;
aud 20 any sum unpaid after the 30th OF day OF
June, and for ten days after demand, there will
be an addition OF ten per cent a penalty for
such neglect.
Guardians and trustees, whether such trustees
so by virtue of their office as executor, ad
ministrator or other fiduciary capacity, are re
qnired to make returns Of the income belonging
to minors or other persons for whom they act as
guardians or trustees, aud the income tar will
be assessed upon the amount returned after de
Quoting such sums as are exempted by law; pro
vided that the exemption OF six hundred dollars
shall not be allowed on account of any minor or
other beneficiary of a trust except upon the
statement Of the guardian or trustee made under
oath that the minor or beneficiary has no OF her
income from which the said amount of Elk hun
dred dollars may be exempted and deducted
The document contains some tables for use
in the conversion OF averdupOis and Troy
weight