Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1866-05-12
Incomes.

return OF produce consumed IN their own
immediate hmilies
Q. The farm@'s profits from sales Of
live stock are 70 be found by deductng
from the gross receipts for animals sold,
the purchase money paid for the same. II
animals have been lost during the year by
death or robbery, the purchase money paid
for such animals may be deducted from the
gross income of the farm
No deduction can be made by the
farmer for the value Of services rendered
by bis minor children, whether he actually
pays for such services or not. If his adult
children work for him and receive compen.
sation for their labor, they are to be re.
garded as other hired aboreIs in determiu.
ing his income.
Money paid for labor, except such as is
used or employed in domestic service, or
10 the production Of articles consumed 10
the family Of the producer, may be deduct.
ed.
No deduction can be allowed in any case
for the cost of uDproductive labor. II
house servants are employed portion Of
the time in productive labor, such as the
making Of butter and cheese for sale, q
proportonate amount Of the wages paid
them may pc deducted.
Expenses for dtcbing and clearing new
land are plaiuly expenses for permanent
imp royements, and not deductable.
The whole amount expended for fortli
zcrs 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 SOW.
ing or planting may be deducted
If 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, end from the sum
thus obtained deducting the estimated
value Of the land on the first day Of Jan,
uary, 1852, or on the day Of purchase, II
purchased since that date.
Where no repairs have been made ty
the taxpayer upon any building owned by
bim during the preceding five years, moth.
ing can de deducted for repairs made dur.
ing tbe year for which income is estimated
A farmer should make return Of oil his
produce sold within the year, but mere
executory contract for sale is not a sale; ;
delivery, either actual or constructive, is
essential. The criterion BY which to Judge
whether sale is complete or not is TO de-
termine whether the vendor still retains in
that character right over the property;
il the property were lost or destroyed, upon
which of The parties, In the obsence Of any
other relation between them Than that Of
Vcudor and vendee, would the loss fall.
Ia fyrnpnpsI,, al, Ia1r,t;.,,o
or losses from depreciation in the value Of
stocks or other property Of q like nature -
No deduction cau in any case be allowed
for depreciation of valHe Of such property
until it is actually disposed OF aud a loss
realized.
Costs of suits and other legal proceed.
ings arising from ordinary business are to
be treated as other expenses of such busi
ness; and may be deducted from the gross
profits thereof.
Money paid for substitute in the army
or navy cannot be deducted from income
Money received by substitute for acting
as such must be returned by him as in
come.
Where physicians are obliged TO keep a
horse for the transaction of business, they
may deduc, SO much of the expense so in.
Cured as is fairly referable 10 the business
done
Expenses for medical attendance, store
bills, &c, are not proper subjects for de.
duction. Expenses Of repairs of imple
ments, tools, &c, used in business may be
deducted.
Only one deduction OF 5000 is allowed
from The aggregate incomes Of all the mem
beFs CT any family composed of parents and
minor children, even though ore pareut
only may be living. 1t is not essential
that the children live with the parents
Husband aud wife are regarded as mem
bers of The same family, though living
separately, unless separated by divorce. or
olher operation Of law, such as 10 break
up the family relations
II the members Of family have separate
incomes, the returns may he made separate
ly by the proper parties, and a ratable pro
portion of be $500 deducted from the in.
come of each. The parent, as The natural
guardian Of he minor child is required TO
make return for him But where any
other guardian or trustee has been appoint.
ed, the return should be made by the lat.
ter. Ii the minor has no guardian or
Trustee, he should make return himself. If
be refuse OF neglect, an independent assess
ment must be made as in other eases, emit =.
ting penalty
Voluntary contributions to bounty funds
are not considered as taxes, aud canno, be
deducted.
Rent of homestead actually paid may
he deducted, but the rental value of pro.
perty owned by the tax payer is not a sub
jeGt of deduction. Any person claiming q
deduction on account of expense for room
rent must sati.fy the assessor that tie room
or rooms occupied by him constitute bis
home, and that he has no residence else
where, and this being shown, he may De
allowed TO deduct what he actually pays
for rent Of such rooms When rent is in
cluded and deducted as an expense Of busi-
ness, it must not again be deducted as rent, ,
nor should person hiring horse and snb
letting portion Of it be allowed to de-
duet more than the excess Of his payments
over his receipts.
Among the national, State, county. ard
municipal taxes deductibe from income
are comprised such internal revenue taxes
as have not been included in expenses of