The weekly north Iowa times. [volume] (McGregor, Iowa) 1857-1867, 1865-04-12
The New Revenue 1aw...Summsry Of
its Reauirements.

| uO RbVNISiouo VI Su0 UACuuSV kQA law
approved March Sd, 1865, which 60 int
operation to day, are far more s,ringen
than those Of the act under which the peo
people have heretofore been taxed. Ac
cording to this amended law every person
whether liable to taxation or not, must re
port, and 1t will be no excuse that they die
not receive any notice. The law presumes
that everybody is fully acquainted with it.
requirements. Assessments will be mad,
on failure to report, and payments will b,
enforced, as onjudgments by default, agains
all who fail to report on or before the frs
Monday in May.
The penalties are twenty. five per cent
additional for all failure 10 report income
and one hundred per cent. for false returns
for false return and failure to obey tn,
assessors summons, $1,000 fine and on,
years Imprisonment; for doing bushes!
without license, $500 fne and two years
Imprisonment; for failure to report business
forfeiture Of goods; DC.
The following important provisions of thu
new law are published for the information
OF our readers: ...
INCOMES.
Incomes must be given in detail, as pei
schedule which is not open to public inspec.
ton, and must be sworn to, and are subject
to two rates of tax; Five per cent. on al
incomes over $500, and not exceeding
81 900; per cent. on excess over SIS, 900.
Thus on $4,000 net income the tax is
$72O; on $4,000, $1,720. Income from
United States securities and from all other
sources, and from any part of the world, OF
all persons residing here, whether citizens
or not, and all citizens residing abroad,
all profits from business, rent, net profit
from real estate purchased within the year,
stocks or other property, interest accrued
If collectable, and all shares of gains in
companies, ETC., whether divided or not,
4 &C., are all alike taxable. Income in
gold must be reported in currency value
The income is for the year 1864 FROM Jan.
lst to Dec. 31st, and no losses since Jan.
1st, 1866, must in any way be deducted
from the income of 1864.
The deductions from the income are 5000
but allowed to only one in any family OF
parents and minor children. Also, amounts
of tax legally withheld from dividends, etc.,
all national, state, county and municipal
taxes actually paid within the year salaries
over $500 in the United States service,
from which the tax was withheld rent Of
residence actually paid with the year; in.
terest paid on any actual incumbrancs on
property yielding income, expenses of
ordinary repair not exceeding the average
Of Ave years, and not including imp
ments or betterments, such as water, rents,
sewer assessments, or membranes on un-
productive property held for increase of
value. Consuls of foreign governments,
not United States citizens are exempt from
tax on income from property in their own
country, and from official emoluments, if
their government give such exemption to
our consuls; but the carriages, plate, and
income from property or business in this
country are taxable. The governments
6'~ins e~eh -ASoAp,iol. to o.4. Svnsuis arc
understood to be those of different gov.
ernment who give similar privileges to our
consuls are here named consuls Of all other
countries are liable to tax on their entire
income, from property at home or here, and
from their official emoluments.
LICENSES.
Peddlers will state whether he travels on
foot or with horses, giving the number
goods forfeited If without license), what
he sells, jewelry, or original packages of
goods; peddlers must state their age, and
If between 20 and 45, state where they arc
enrolled or if exempted. Hotel and inn.
keepers state their rentals or the assessor
must estimate it (likely pretty high.)-
Bankers state the amount of their capital
Dealers. pawnbrokers, cattle brokers, pro
duce brokers, auctioneers, photographers,
butchers, builders, and contractors will state
their estimated sales and contracts
Wholesale dealers tho amount of their last
years sales. Assayers the estimated value
of metals to be assayed; substitute brokers
must report the number Of substitutes pro-
cured and pay SO per head and 800 for
licenses. Ali licenses given from May lst,
1865, or the time business commences to
May 1st, sc. All persons except lawyers,
physicians, surgeons, dentists, cattle brok-
ers, horse dealers, auctioneers and peddlers,
must transact their business or profession
only at the place designated in the license,
but persons moving or selling can transfer
their license on application to the assessor.
For all persons except lawyers, convey
ancers, claim agents, patent agents, physi
clans, surgeons, dentists, cattle brokers,
horse dealers and peddlers, one license will
do for the frm. Every business requires a
separate license, but bankers may act as
brokers, horse dealers as livery stable
keepers, lawyers as conveyancers and claim
agents. Hotel keepers, wholesale and retail
dealers, innkeepers and eating house keep
ers as tobacconists; wholesale and retail
dealers and eating house keepers as confec-
toners; wholesale and retail dealers as
apothecaries, and butchers as retail dealers !;
distillers must give bonds. -
OTHER PROVISIONS.
Manufacturers Of cigars will hereafter be
required to give bond to comply with the
law, and lottery dealers must give bond
to have their tickets stamped. After this
date the general rate of tax on manufacture.
ers will be six instead of five per cent
Legacies aud succession to real estate she ull
be reported as they occur to the assessor
Manufacturers, auctioneers, brokers, slaugh
tering cattle, railroad, steamboat, express
and ferry boats, insurance, Telegraph com.
panies and banks, and managers or owners
of theatres, operas, lotteries, and advertise
ments, must make monthly and quarterly
returns. Parents, guardians, trustees, ex
ecutors, &C., Of minors under their care (if
they fail to report themselves) All returns
must be sworn to, and names and residence
given in FULL Those proposing to change
their residences during the year, will SO
state, with the place (f known to which
they will remove. .......
MoRNoNlsM IN ILLINols.-The Charles.
ton (Ill.) Republican says that rumors are
current that five or six hundred Mormon
families are expected to arrive in the vicin.
ity Of Nauvoo during the coming spring
and summer. 1t is alleged that they are
adherents Of the young Joe Smith, now
residing at Nauvoo. There are already in
that county some three or four hundred
persons who adhere to the Mormon doc
trine, most Of whom reside near Nsuvoo