The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1866-06-23

notifications of the rules observed in the
last annual assessment
Assessors should instruct their assistants
to call personally upon those who have not
returned their income on the first Monday
in May If any person is not at home, the
notice on the back of form "a should be
called out and the blank left This being
done, it becomes the duty of the taxpayer
to seek the Assistant Assessor and deliver
his return.
E. A ROLLINS,
Commissioner.
INCOHE.
l. Farmers will not be required to make
return of produce consumed in their own
immediate families
2 4 he farmers profits from sales of live
stock are to be found by deducting from the
gross receipts for animals sold, the purchase
money paid for he same. If animals have
been lost during the year by death or rob
berry, the purchase money paid for such ami
mails may be deducted from the gross income
of the farm.
8. No deduction can be made by the
farmer for the value of services rendered by
his minor children, whether he actually pays
for such services or not If his adult chill
dren work for him and receive compensa-
ton for their labor, they are to be regarded
income.
Money paid for labor, except such as is
used or employed in domestic service, or in
the production Of articles consumed in the
family of the producer, may be deducted.
5. No deduction can be allowed in any
case for the cost of unprOductive labor. If
the house servants are employed a portion
Of the time IN productive labor, such as the
making Of butter and cheese for sale, pro-
portionate amount of the wages paid them
may be deducted.
6. Expenses for ditching and clearing new
land are plainly expenses for permanent i'm
provements, and not deductible.
T. The whole amountlexpended for fertiliz-
ers applied during the year to the farmers
lands may be deducted, but no deduction is
allowed for fertilizers produced on the
farm. The cost of seed purchased for sowing
or planting may be deducted
s If a person sells timber standing, the
profits are to be ascertained by estimating
the value of the land after the removal of
the timber, and adding thereto the amount
received for the timber, and from the sum
thus obtained deductiug the estimated value
of the land on the first day of January,
| 1862 or the day of purchase, if purchased
| since that date
g. Where no repairs have been made by
/ the tax payer upon any building owned by
him during the proceeding five years, moth
! ing can be deducted for repairs made during
the year for which income is estimated.
/ 10 A farmer should make return of all
! his produce sold within the year, but mere
! ezecutory contract for a sale Is not a sale ;
! delivery either actual or constructive, is es-
/ sential. The criterion by which to Judge
! whether sale is complete or not is to de-
/ termine whether the tender still retains in
| that character a right over the property; if
| the property were lost or destroyed, upon
which Of the parties, in the absence of any
! other relation between them than that of
vendor and vendue, would the loss fall
| IL Tax payers frequently claim deduc-
/ tions for losses in depreciation in the value
of stocks or other property of like nature.
| No deductions can in any case be allowed
| for depreciation of value IN such property,
until it is actually disposed of and loss
realized
| u. Costs of suits and other legal pro-
ceedings arising from ordinary business are
| to be created as other expenses Of such bust
ness, and may be deducted from the gross
profits thereof.
IA Where physicians are obliged to keep
! a horse for the transaction of business, they
may deduct so much of the expense so in
Cured as is fairly referable to the business
/ done.
Is. Expenses for medical attendance, store
| bills, etc, are not proper subjects for dedu3-
| ton. Expenses of repairs of instruments,
! tools, etc, used in business may be deduc-
! ted.
I6. Only one deduction Of 5000 is allowed
| from the aggregate income of all the mem
! bers of any family composed Of parents and
minors children even though one parent
Eonly may be living 1t is not essential that
| the children live without the parents Hus-
| Dand and wife are regarded as members OF
! the same family, though living separately,
unless separated by divorce, or other opera
ton of law, such as to break up the family
relations.
II. IF the members of family have sepa-
rate incomes, the returns may be made sepa-
rately by the proper parties, and ratable
proportion of the 5000 deducted from the
! income Of each. The parent, as the natural
guardian of the minor child, is required TO
make return for him. But where any other
guardian or trustee has been appointed, the
return should be made by the latter. II
the minor has no guardian or trustee, he
! should make the return himself If he re-
fuse or neglect, an independent assessment
must be made as in other cases, omltting
penalty. q,
20. Rent of a homestead actually paid
may be reduced, but the rental value oI
property owned by the tax payer Is not q
subject of deduction Any person claim
ing deduction on account Of expense fOI
room rent must satisfy the Assessor that
the room or rooms occupied by him con
stitute his home, and that he has no resi-
dence elsewhere; and this being shown he
may be allowed to deduct what he actually
paws for rent Of such rooms, when rent in
cluded and deducted as an expense of bust
ness, It must not again be deducted as rent
nor should a person hiring house and sub
letting portion Of it be allowed 70 deducl
more than the excess Of his payments oYeI
his receipts.
81. Among the national State, county
and municipal taxes, deducted from income
are comprised such internal revenue taxe
as have not been included in expenses o
business, aud such municipal taxes are as
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