The Iowa transcript. (Toledo, Tama County, Iowa) 1858-1866, 1865-01-19

. tor each wear anil also all income ol
game derived from the purchase anf
sale of stocks or other property real OF
personal. and the increased value o
, live stock, whether spM or on hand
and the amount If sugar, wool. butter
cheese, pork, beef, mutton, or o'he'
meats, hay and grain or other vegetable
or other production Of the estate 9
such person sold, not including an.
part thereof nnsnsd or on hand during
the year mex, preceding the thirty FRS
Of December, shall be incfM1ed and
assessed "a part of the income OF sncF
person Cor each year and the gains and
profits of all companies, whether lncor
porated or partnership, other than shs
lcampanies specified in Ibis section, shal
he included in estimating the annna
gains, profits, or income Of any person
entitled to the same, whether dividec
Or otherwise. In estimating deduction
from income, a. aforesaid, when an.
person rents buildings, lands, or otne'
property, or hires labor TO carry or
land, or to conduct anv other business
/ from which such income is actually de
rived, or pays interest upon any actnal
incumbrance thereon, the amount actu
ally pad f,r such rent, labor, or inter
est. shall be deducted, anl also the
amount pai ont f,r usual or ordinary
repairs, not eyceeling tbs average paid
ont for such pu poses for lis preceding
FIVE years, ena!. be deducted, hu: no
deduction shall lie male For any amour,
paid out for new buildings, perm amen.
! improvements, or b-t'erments, made
to increase the value Of any property
or estate Proci.lc1, Tha, in cases
where the salary or o.Ler compensation
paid t" any person In .he employment
or service of the United States, shall
not eroeed the rate Of six h1nd,eI dol
lars rar annur, or ehall be by fees, or
uncertain or irregular IN the amount or
in The time anrin. wh.ch ihe same shall
! accrued or been earned, such salary
or OTHER compensation shall be incla l.
cd in estimating the annua! gains,
profits. or income Of the person to Hholn
| the - ne shaft have hasa paid, IN sach
a rslrner as the Commissioner of r.
-e.n:. Revenue, under ,ha !irecilob of
he Secretary of .ae Treasury, may
prescribe.
SEC Ils 1a.l BE- ii further enacted,
That it shall be the duiy Of All persons
of lawtai age, and al! guardians and
trustees, whr her s.ch trustees are SO
hy virtue OF their Office as exscatata,
:lminislra, ors, or in other f,tsciary ca
pse.y, 10 mike list or return under
os;;l or affirmation. in such form and
manacr as ma" be prescribed by the
sJt'i.A ltstSSttNsGt W A.tS Siii@t s%SSHuS, -
ti.a assistant as>essos ct lie district in
which lie les.lles, of tbs .alo.nt of his
or hes income, or the Income OF sH~l
:niaars or persons as laay be held ii
trust IS atores,ii, according TO the e
Iuiremenys hereinbcfore mentioned,
stating the sources iron, which said in.
come is derived, whether tr,,,a any ki..l
OF property or the purchase and sale o.
property, rents, interests, diyiienas
salaries, Or f;sarf as,y profession, .raSe
! en,pios smenf, or vocation =. otherwise
And IN cIe Of ne.lcc. or refusal Il
make such retwi the assessor ~ as
/; sis;ant assessor sIlal! assess the amount
OF his or hes ineoMe, and ths duty
thereon, in the sA.s.e manne< IS is pro
viaed for ~ other cases Of neglect AM
ref:s4; to furnish lis,,s or returns il The.
| presisions Of this act, where 20: other
wise ..eo4patin'e, anu ts;s assistant
assessor s.,as increase the s:aognt Of the
list 0. return, CT os any party aaakine
s4ch reiGsn, II he shal. be satisfied that
| the saias is xalersta,eS.. I'roriti.l.
That any party. in his or her own be
hall. or - guardian or trustee, as store.
said shall be rerisiltcG to declare, un.
der aala e. affirmation, the form ssss
manner Of which s.. all ba rerscribl i by
the lcmEiss;oGss Of Internal Revenue,
that he, a. see vas not possessed OF an
income efsil hundred dollars, Liable to
be assssaeS 4c2ording to. the provisions
Of this aas, ar may declare tha, Ne o.
she has ksss assessed elsewhere il ;he
same ss2r fbr, and has an income dEfy,
nndcs s4,hority Of the United States,
and skail si;ereIpon he exetppt frcm
ince4se DUTY in sai4 district; or, ;ftAs
list o. ratara Of aay party shasi aa.a
been Mcreaeel by shc assistant assesaor
in manner as aforesaid, such party may
.e permitted 70 declare, under cath cr