The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1867-05-16

such salary exceeds the rate Of $1,000 per an
nun, the amount Of salary from which tn
TAX has been deducted may be deducted from
% the gross income. ~ ~,.Ff
~. Incomes Of persons who died after De
cember 81, are taxable, and should be return
~ cu ny executors or administrators, and ais
all income which accrued In 1866 to person.
who died within that year. Income whicl
Is accrued from the estates Of such persons il
a. 1000 after the date of decease, should be re
l, turned by the heirs or other persons who re
ceive the benefits of the same
y ~. Residents should make return in tbs
district where they reside at the time Of ma
king return The residence required undel
section ll6 for the purpose of taxing income
\ isheld to bearesidence during the year fol-
I. which such income is derived" If any
i, persons subject to income tax resides abroad
q his return should be made In the district
i where he last resided.
d 90 Citizens of the United States residing
r abroad are subject to tax upon their entire
Q incomes from all sources whatever and the
, same Is true of foreigners residing in this
o country.
I 20. The law provides that like tax shall
! be levied, collected and paid-upon the gains,
profits ana incomes of every business trade
or profession carried on In the United States
by persons residing without the United
2 States and not citizens thereof
: 80. A lease for years or for life is personal
!, estate, and any profits on the sale of such a
1 lease are taxable as income for the year of
sale. @
81. Where any portion of legacy has
been transferred by the executor to the leg
atee so that the executor in his capacity Of
I guardian or trustee has no longer any con-
! troll of the profits arising from such legacy,
, the return OF such profits as income must be
required of the legatee
80. The payment of legacy or succession
tax on the bequest offs annuity does not re-
! leve the annuitant from liability to income
tax on his annuity.
80. Assessors should be careful not TO al
low the deduction of amounts claimed to
have been lost in business, when in reality
they should be regarded as investments or
expenditures, as when merchants expend
money in farming Or gardening for recrea-
tion OF adornment rather than pecuniary
profit.
a. Whenever scrip dividends are return
able as income they should be returned at
their market value. N
IS. II is believed that in many instances
in the assessment of income for former years
persons holding United States securities
have not included the ACQUIRING interest in
their return of income Assessors should
inquire especially into this subject, and if
| the omission has been made, the deficiency
should be assessed, but without penalty
whenit appears to have been due to mis-
| apprehension ofthe law
So The attention, of assessors ara narrticu.
Iarlv caIIed 10 tha tar,,,s ~ ~, - ~
which require to be included in returns of
income the share fanny person Of tho gains
and profits Of all companies, whether incor-
porated or partnered, whether divided or
otherwise.
SPECIAL TAX.
Sact;on savar+,,- fam 80 ~. II, a,oo;.,
to roos;nts 5000 ~ % q: spcclal
nroduc hrai ers ~
r;obt Sealars NJ &C., 800 2
ayoa aS,a,,t Fa,s, II 'u ~
nIace Of yh;ch an IL a ~ as sho
,yord .s nlaca M bar ,,se ..n -
mean fix nremisas occ,,n;ed 10 nm. tayNro I.
or in tbe nrosec,,t ~, nf Is hrs;ness ,.,,,atps,
~ \. ~ pusirssy' Mncunor
ta;ning j anv roos,s II ,,athar \. u s.o...l
hn;Id;Sas M "
and used for q COMMON nnrnose' Hi t, thsra
are csrta;n iranaI,as t,,i;.'a ,:S. .hoIe
NOT restrioted to sncb nram;sas a VIZ" = - S.e
vided in tba act tfat is,vvsrs I. ,sI,,,s;a;ao
suroeons dentists. cattla brnlrerar "A bors.,
5aa5ars ~ S :aSslo oioAeis anu MORSE
aver w;thayt ha;Sa. ,sss;a.a p,a ss: WAT
snec;aI tay prn,,;etns ~ ; aui'icnai
o5era ,,,st ~, 1912 ~ Jus
State il yrh;ch 1harv aJ arh;I;t 0iAl Aior eaci
b Tho srac ;Is 80 e. .laa,o
asesssd M tha Ias;s = ~ III 49, 49,
a;thsT II, tha,s .v ~ tp,,.,, tI maue
cant thSsa thronnb athar M 49, snI 9aa,e
y, 49,, ooioi uosi0is
q Manmfao t',ra,. ,,,,,, ,r;4,,4 .5a;.,oa,
saIi tha;n ~ iaa q
,,'a' sSai .ds: ~ ny Piao 20 "
,,ra.,;j~S - :. ~ "o oloil plino,pal onoo'
lp'iou l,,I $50 ain Ny" oAcepC as SAN
Iii p 81 liz faotnrv - ~ IL t,nn il no
~ liz a, rroSS, - ~ niS Umou, goous my
~ ~, ~ 5ohpn Ky saA ~
e,,ai, 4a,, ;s, e.
~ onoi .a1 Will , 10 ',ssessea upon nls saies
bis own s mann oat9ras anu my upon '"i0' VI |
= Sraa;oI .n.' Uole;" -
opo.l"i UaA fcecelpoS ai1 uoo transfers :
~ Sse VI Ien'oval Ihe van payer Is
., as,, " o YAK, uniess the iact u
r. 10 ioeiS'oieh' as pioViueu IN Sec'ion
20. m. J
=. ne ,e .a ~ l19ulieu unusr ING ProViso 70 I
sey',oh - ~ al u el.nel ivy q tne classes
y " HAilieu is uor
afs' m, ,o-,, ,egsyr ! 4
y. ine speciai YAK OF DahK shoui9-ne as I
'eSseu upon its cnartered capltal; snat o. 4
nanSer pom Inc amount OF capi'ai used or q
'n,pi NJ ...,.,.,. :, h
: !. Ietal: qe sne nd ~ Iound 70
.nl..1 , 9aioe oAyee;ihg @S9,ovo, ne snouiu
e assessed So as wholesale dealer from tn the
'ITo =. ss reVa,I ueaIef me
o.iootvr ohouiu inuorso upon MS TAX re-
eape T me i amonnI 81 reassessment PAID.
2. Ing nanlilty 70 special YAK depends - :
nally cases upon tne question wnether me
AIRY makes business Oh dong the acts
peclheG. Occasional acts DO not render
ersoh liaDle 10 speclai TAX, put u 10 not
ecessaiy tnat the business should DC ms
oie BUSINESS or even MS pilnclpai one, IN 4
raeE Snas le may 9e hela maple. II per
on noias QUIZ 10 the pubic ny advertise-
ae1C, ny Wcrds, ueeds OF wrlting, That ne Is
eauy W 1iansaco any kind OF business suo-
~ ~ - spsclai TAX, ne must pay such YAK, II
l.hougn Dee business IN question may not
Ems n,s cnie, or exclusive occupatlon; IN me
'ilo"lng naIned occupations ana profess
IONS even occasional acts 40 not appear 70
9 aiIoweu TX Ile Terms Oh tne Jaw wienont
aollley' Whoiesaie ana retali dealers IN
Ieweis, rectiners eoal oil alstillers, lnsu- II
ahce agents, psuuleIs, photographers, CT =
es w. Juggiers, poWnng alleys, proprletors
4 sn T, 1nIe. pilses, anu iawysrs;
u WnoieSale enI les'.n uealcrs may 40
uslLessl az ooIlooUiOness anu u apoS1ecalIes
JIG same .plHCb Wlb0Oub .Uuo