The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1865-08-01
The Tax Law.

AAO LdA AdW.
The United States Tax Bill is q sub
Ject OF much interest to us all, and one
upon which most of our citizens have
had very little chance of informing
themselves; hence ne publish some Of
It's most important provisions, that
people may know what they will have
- pay, that they may not hereafter be
annoyed by unnecessary apprehcn-
sion:
''Thcrc shall be paid annually upon
the annual gains, profits and income
o: every person residing in the United
States, whether derived from any kind
o. property, rents, interests, dividends
or salaries. or IRON any profession.
trade, employment or vocation, car
rled on III the United States or else
where, or from any source whatever. q
duty OF five per cent,,m On the excess
o e. SIX hundred dollars. and not OK,
c:edlng fivt thousand dollars, ard i
duty tf ten per ctntum on the excess,
over five thousand dollars. And the
duty herein provided fer shall h., as
sessed, collected and paid upon the
gains. profits and income for the wear
ending the 21st of December, next
preceding the time for levying, col
lectlnG and paying said duty"
T1ls IS the most important clause of
The law; the one of general applica-
ton for the execution of which it is
provided, That it shall be the duty
OF all persons of lawful age to make
and render Il list. in such manner as
may be prescribed by the Commits
sioncr of Internal Revenue, of the
amount Of their income, gains or
profits as aforesaid" under oath.
NO tarmer, manufacturer, mechanic
or any other person will pay any tax
st all on his income, unless it amounts
to SIX hundred dollars, after deductinc
the necessary cNpcnsGs for carving on
his business. In addition 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 ut all, unless
his income amounts to more than six
hundred dollars after these deductions
are made.
In the event that a man is unable I'd
pay his taxes, and his pre- perty has to
be taken by the Gove1nn ent agents
and sold for that purpose, the law re-
serves to him the following articles:
N'Thc tools or implements of his trade
or profession, one COW, arms and pro-
visions, household furniture kept for
use. school books and apparel neces-
saly for Il family"
In addition to this, there are many
specified taxes, only o few OF which
are OF gcnc1al interest enough to our
citizens to be noticed in a short article
like this
Merchants who sell over twcntv-tivc
thousand dollars pay fifty dollars tax;
those who seu over one thousand and
under twenty-five, pay ten dollars tax,
and those selling under one thousand
are not taxed.
The tax on liquors may be s,rnmed
up as follows: Distillcrs mak,.y over
three hundred barrels pay g license of
fifty dollarss making less than three
hundred pay twenty-five dollars;
tdose making less than one hundred
and fifty barrels Of apple or peach
brandy, pay twelve dollars and fifty
cen;.s In addition to- this, n tax of
two dollars has to be paid on every
gallon Of whiskey, and tax of one
dollar and fifty cents on every gallon
of brandy, and every retailer of IL
laors must pay twenty-five dollars
tux.