Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1865-08-17
THE TAX Law.

THE TAX Law.
The United States Tax Bill is subiec,
Of much interest to all, and one upon which
most of ours citizens have had very little
chance Of ofinforming themselves; hence We
publish some ofits most important proyis
ions, that people may know what they viii
have to pay, and what they will not have tt
pay, that they may not hereafter be annoy
ed by unnecessary apprehension. 8;
"There shall be paid annually upon thu
annual gains, profits, and income Of ever
person residhgin the United States, whsth
er derived from any kind of property, rents
interests, dividends or salaries, or rom any
profession, trade, employment or vocation
carried on in the United States, or else
where, or from any other source whatever
duty Of FIVE. per centum on the excess
over six hundred dollars and not exceeding
five thousand dollars, and duty of ten pc,
centum on the excess over Eve thonsant
dollars" ssAnd the duty herein provided
for shall be eassessed, collected, !, and paid upol
the gains, profits and income for the yearen
ding the Slst Of December, next prece
ding the time for leyying, collecting and
paying said duty" !
This is the most important clause Of the
law; the one of general application 70,
the execution Of which il ia provided, aThai
it shall be the duty of all persons Of lawful
age to make and render list in such man
ner as may be prescribed by the Commits.
sioner of Internal Revenue, Of the amount
of their income, gains or profits as afore.
said" under oath. ~
No farmer, manufacturer, mechanic o,
any person will pay any tax at all, on his
income, unless it amounts to six hundred
dollars, after deduoting the necessary ex.
peuses for carrying on his business. In ad-
dition to this he is allowed to deduct his
house rent and all taxes he pays to the
general Government, to the State, County
and town from his necessary expenses, and
he pays no income tax atall, unless his
income amounts to more than six hundred
dollars after these deductions are made.
In the event that man is unable to pay
his taxes, and his property has to be taken
by the government agents and sold for that
purpose, the law reserves to him the follow
ing articles: "The tools or implements Of
his trade or profession, one COW, arms and
household furniture kept for use,
school books and apparel necessary. for q
family"
In addition to this there are many speci.
fed'taxes, only a few of which are of gen.
eral interest enough to our. citizens to be
noticed in short article like this.
Merchants who sell over twenty-five thou.
sand dollars pay fifty dollars tax.those
who'sell over one thousand and under TWEEN
ty,five thousand pay ten dollars tax, and
those selling under one thousand are mot
taxed: "a 49,, -
The tax on liquors may be summed up as
follows: Distillers making over three hun.
dred barrels. cay q license of fifty dollars !;
those making less than three hundred, pay
twenty-five dollars; those making less than
one hundred and fifty barrels of apple
or peach brandy, pay twelve dollars and
fifty cents. In addition to this, tax Of
two dollars has to be paid on every gall
lon of whisky and q tax of dollar and fif.
ty cents on every gallon of brandy, and eve.
ry retailer of liquors must pay twenty. five
dollars tax.
Lawyers, physicians and dentists pay ten
dollars tax each. Auotioneers from ten to
twenty, according to sales, and one. fourth of
one per eent.on amount Of sales. Cotton
pays two cents q pound; manufactured to.
bacco forty cents pound; snuff forty cents
o pound; and cigars ten dollars perthoasand.
Carriages and gold watches from one to
two dollars each, according to value: pi.
amos pay from two to four dollars, according
toouality. = .zs., - 4
An railroads and. staue ron;tea nav nav a tax
of two and a half ner cent on the 40 gross q.
mount Of their reoeipts, and ferries nav
three ner cent All nannfs ottn,er,s 80 cot.on : :
or wool nav a license, Of fan dollars; and q
tax Of FIVE per cent on: the value Of poods
thew make,
For the nnrpose Of exeentino this law
North Carolina has been divided into, three
d:striots and an assessor and col,eeto, will
be annointed for each ,3istricty -
Eeob osoe0sor will anno;nt os monv oso;o.' ;.'
.,n.s .. be noaao. ha snd oo.h as.;... :.
must ba . re.;dent of tho d;.tr;ot uha.a ~
-