The Abbeville bulletin. (Abbeville, S.C.) 1865-1865, 1865-08-10
THE TAX LAW

The United States Tax Bill is a subject O
much interest 10 us all. and on. upon which
most Of our citizens have had very little
chancc of in nfolming themselves: hence we
publish S:me Of its most important provisions,
that people may know what thy will have to
pay, that they may not hereafter bc annoyed
hy unnecessary apprehension:
"Therc shall Ge paid Annually upon the an
nual gains, profits and income Of every person
residing in the United States whether derived
from any END OF property, rents interests.
dividends or salaries, or from any profession,
trade, employment or vocation, carried on in
the United States or elsewhere, Or from any
source whatever, duty Of five per centum on
the excees over six hundred dollars, and not
exceeding five thousand dollars. and duty of
ten per eentum on the excess over five thou
sand dollars. And The duty herein provided
for shall be assessed, collected and paid upon
the gains, profits ard income for The Ven r
ending the 2lst Of December, next precedinp
the time for lcrying collecting and paying
said duty
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 he the duty of all persons Of lawful age
TO make and render Il list, i'll. such ,ramner as
may be prescribed hy. the Commissioner of
Internal Revenue. Of the aIao3nt of their in.
come, gains or p:ofts ns aforesaid," under
oath.
No farmer, manufae eturer. mechanic or any
other person will pay any tax at all on his
income. unless 1t amounts to elk hundred dol
lara. after deducting the necessary expenses
for carrying on hrs business. In addition to
this, he is allowed to deduct his house rent
aud all taxes lie pays to tire General Govern
ment. to the State, county and town from his
necessary expenses. and he pays no income
tax at all, unless his iitcome amounts to more
than six hundred dollars af er these deductions
are made.
In the event that man ia unable TO nav
his taxes and his property has to be taken by
the Government agents and sold for that pur :
pose. the law reserves to him the following
articles: THE tools or implements of his trade
or profession. one COW. arms and provisions
household furniture kept for use. school books
aud apparel necessary for family"
In addition to this. there are MANY enecifi ed
taxes, only o few Of which are of general in.
| terest enough TO our citizens 10 ba noticed in a
| short article like this. %,
Merchants who sell over twenty. Eve thousand
dollars pay City dollars tax those who sell
over one thousand md under twenty-five, pay
| thousand are not taxed. 80
I Inc tax on liquors may be summed UP as
| follows: Distillers making over three hundred
barrels pay lieense Of ffty. dollars: ,maNinr
less than three hundred. pay twenty ave dolee
| iars; those making less than one hundred and
twelve dollars and ffiy cents. In addition pio -
! thia. tax Of two dollars has to be paid on ey.
cry gallon Of wbiskey, and tax of ono dollar
and fifty cents Oh every gallon of brandy. AMI
every retailer OF liquors mus. pay twenty AVE
Lawyers. physicians. aud dentisls .p.ys ten.
dollars tax each. ;Auetioneera from len, 10
twenty, according To- sales. and ,one-fourth rof
one per cent on amount Of saies CottoI,
pays two cents mound mapufa ctured tohoc