The tri-weekly news. [volume] (Winnsboro, S.C.) 1865-1876, 1865-07-13
The Tax Law.

The United States lax Bill IS a sub
lieet ofmueh interest to us all, and one
upon syhich most of our citizens have
had very little chance Of informing them
selves hence we publish some of it's
most important provisions, that people
may know what they viii have to pay.
and what they will not have to payst that
they may not hereafter be annoyed by
unnecessary apprehension. ~ }F
There shall be paid ANNUALLY upon the
annual gains, profits, and income Of every
person residing in the United States,
whether derived from any kind of proper
ty, rents, Interests, dividends or salaries,
or from amy profession. trade, employ
ment or vocation, carried on iu' the Uni
ted States. or elsewhere, or from any
other source whatever, duty of FIVE
per centnm on the excess over six hnn.
dred dollars. and not exceeding FIVE
thousand dollars, and a duty Of ten per
centun onNthe excess over five thousand
dollars" "And the duty herein pro.
vided for, shall be assessed, collected,
and paid upon the gains, profits and in.
come for the year ending the 2lst of
December, next proceeding the time for
levying, collecting and paying said
duty" ~ ,as. ~ 81.
This is the most important clause Of
the law !; the one of general application
for the execution Of which it is provided,
''That it shall be the duty Of all persons
oflawful age to make and render a list
in such manner as may be prescribed by
the Commissioner of Internal Revenue,
Of the amount of their income, gains
or profits as aforesaid" under oath.
No farmer, manufacturer mechanic
or any person will pay any tax at all.
on his income, unless it amounts to six
hundred dollars, after deducting the ne.
cessary expenses for carrying on his
business. In addition to this he is al.
lowed to deduct his house rent and all
taxes he pays to tile general Government,
to the State, County and town from his
necessary expenses, and he pays no in.
come tax at all, unless isinco,ne amounts
to more than six hundred dollars after
these deductions are made.
In the event that a man is unable to
pay his taxes, and his property has to be
taken by THE government agents and
sold for that purpose, tho law reserves,
to him the following articles ~rhe tools
or implements Of his trade or profession.
one COW, arms and provisions household
furniture kept for use, school books and
apparel nect ssary for a family"
In addition to this there are many
specified taxes, only few Of which are
of general interest enough to our citizens
to be noticed in short article like
this.
Merchants who sell over twenty-five
thousand dollars pay fifty dollars tax----
those who sell over one thousand and
under twenty-five, pay ten dollars tax,
and those selling under one thousand are
not taxed. .F1 HEae s., M5a
The sax CT liquors may be summed
up as follows Dislil!ers making over
three hundred barrels, pay license Of
fifty dollars making less than three
hundred, pay twenty Ave dollars !; those,
making less than one hundred and fifty
barrels of apple or peach brandy. pay
twelve dollars and fifty cents. In add
tion to this, q tax Of two dollars has to-
be haid on every gallon Of whiskey and
tax ofa dollar and fifty cents Oh severy
gallon of brandy, and every retaiyer'
OF liquors must pay twenty-five dollars.
\ tax. . A} 5,
Lawyers, physicians and dentists
pay ten dollars tax each. AaeiioSeess
from ten to twenty, according 10 salss.
and gne-fourth Of onsper c, n ion amo4rss
OF sales Cotton pays two cent apoand;
manufactured tobacco forty cents j.
pound snuff forty cents poand. ana,
cigars ten dollars per Thousand. Gar,
rlages and gold watches from one to two
dollars each, according to valne pianos
pay fromtwo to four dollars, according
to quality. s4A II ~ isiss, - :
All railroads and stage ronfes pay a
tax OF two apds half per cent on, the
gross amount Of their receipts, and fer.