The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1867-05-10

mum, the amount Of salary from which tn
YAK haa been deducted may be deducted iron
the gross income.
~ Incomes Of persons who died after De
cemDer VI are taxable, and should be return
eu Dy executors or administrators and ais
an INCOME which accrued in 1866 to person
VINO dled within that year. Income whicl
accrued from the estates of such persons Il
looO after the date of decease, should be re
turned by the heirs or otherpcrsons who re
ceiye the benefits of the same
", Residents should make return in TIN
district where they reside at tho time of ma
King return. The residence required unde
section ll6 for the purpose of taxing incom,
Is held to be residence during the year fo
which such income is derived II an,
persons subject to income tax resides abroad
MS return should be made in the district
where he last resided. 0g'.o.',
| 2e' Citizens of the United States residing
abroad are subject to tax upon their entir'
incomes from all sources whatever; and TIL,
same Is true Of foreigners residing in thii
country. ul
~. The law provides that like tax shall
be levied, collected and paid upon the gains
profits anu incomes of every business trade
or profession carried on In the United States
by persons residing without the United
States and not citizens thereof
80. A lease for years or for life is persona
estate, and any profits on the sale Of such Q
leqse are taxable as income for the year Of
sale. 4
81. Where any portion of legacy has
been transferred by the executor to the leg
aztec, so that the executor In his capacity OF
guardian or trustee has no longer any con
troll of the profits arising from such legacy
the return of such profits as income must bt
required of the legatee.
~ The payment of legacy or succession
tax on the bequest of an annuity does not re-
tax on his annuity.
80, Assessors should be careful not to al
low the deduction of amounts claimed to
have been lost i'll business, when in reality
they should be regarded as investments OF
expenditures, as when merchants expend
money in farming Or gardening for recreR
tion or adornment rather than pecuniary
profit.
"a. Whenever scrip dividends are return
able as income they should be returned al
their market value. nE eaH
IS. 1t is believed that In many instances
in the assessment Of income for former years
persons holding United States securitie,
haycnot included the ACQUIRING interest II
their return of income, Assessors shoult
inquire especially into this subject and i
the omission has been made, the deficiency
should be assessed, but without penalty
when 1t appears to have been due to mis-
apprehension of the law. rs
36 The attention of assessors are particn
larry called to the terms of the act in force
which require to be included in returns o.
income the share ofany person of the gains
and profits of all companies, whether incor
porated or partnered, whether divided OF
otherwise.
SPECIAL TAX.
| Section seventy -four requires all special
tax receipts Except in case of auctioneers
produce brokers, commercial brokers, patent
right Dealers photographers, builders, insu
rance agents, and pedlers,) to specify the
place at which the business is done, and the
word place as here used is constructed to
mean the premises occupied by the tax-pay.
er in the prosecution of his business, whether
the place be single room, ina building con.
tanning n.any rooms or whether it be several
buildings standing upon the same premises
and used fora common purpose But there
are certain branches of business which are
not restricted to such premises, as it is pro.
vided in the act that lawyers, physicians,
surgeons, dentists, cattle brokers and horse
dealers may do business at any place what
ever without being subject to additional
special tax. Proprietors Of circuses, Jug
glels, &c. must pay special tax for each
State in which they exhibit
2. The special tax of dealers must be
assessed upon the basis of all sales made
either by themselves or through Others. ex-
cept those through other wholesale dealers
ON commission.
B. Manufacturers may, without additional
liability, sell their wares at the place of
manufacture, or at their principal office,
provided no wares are kept, except as sam
pies, at such Office. But If manufacturer
sell at his factory, or at his office, goods not
OF his own production, he must pay tax as q
dealer if such sales exceed $1,000 annually,
and such tax will be assessed upon his sales
OF such goods only, and not upon sales of
his own manufactures. E4
q. Special tax receipts are not transfera-
Bile, but i'll case of removal the tax payer is
liable to additional tax, unless the fact of
removal is registered, as provided in section
rs.
5. The tax required under the proyiso to
section rs for all or either two of Che classes
of business therein named is Twenty-Five dol
lars.
b. The special tax of bank should be as
sessed upon its chartered capital; that of q
banker upon the amount OF capital used or
employed. ts.4a.
!. q Whenever retail dealer is found to
have made sales exceeding $25, 900, he should
be assessed as wholesale dealer from the
date OF his liability as a retail dealer The
collector should indorse upon his tax re-
ceipt the amount of reassessment paid.
D. The liability to special tax depends in
many cases upon the question whether the
party makes q business of doing the acts
specified. Occasional acts do not render a
person liable to special tax, but it is not
necessary that the business should be his
'ole business or even his principal one, in
order that he may be held liable. fla per
ION holds out to the public by advertise
menu, py words, deeds or writing, that he is
eady to transact any kind of business sub
ect to special tax, he must pay such tax,
although the business IN question NAV not
20 his chief or exclusive occupation In the
0lio~lng named occupations and profess
IONS even occasional acts do not appear to |
70 allowed by the terms of the law without |
liability. Wholesale and retail dealers in |
liquors, lottery-tiekets dealers, distillers. |
rewers, rectifers, coal oil distillers. insu- |
ance agents, peddlers, photographers, cir
uses, Jugglers, bowling alleys, proprietors |
I gift enterprises, and lawyers
.. wholesale aud retail dealers may do
uslness as cOntectiOners and apothecaries
t the same place without the additional
Decial tax. ~
10. Under the act of March 2, 1867, a re-
Ill liqnor dealers may sell liquors in guam
tics of more than three gallons at one time
, the same purchaser without being there
y rendered liable as wholesale liquor
caller.
ii. Wholesale dealers in liquors may sell
guors at retail, and both wholesale and re-
vi dealers in liquors may sell other mer-
landise, and may sell liquors to be drunk
! the premises, without payment of addi-
onal special tax, but all sales must be in
uded in the basis of their special tax as
,alers.
IL. If the sales off retail dealer in liquors :
coed $25, 900, he should be reassessed as a I
holesale dealer in liquors. The collector
ould enter the amount of reassessment
i'd him upon the tax receipt. m
13. Hotel keepers may feed the horses of
cir guests without paying tax as livery
lble keepers.
ID fla produce brokers' sales exceed SI0.-
0 annually, he shonld be treated as o COM
,rcial broker or dealer, as the case may
Is. Peddlers may buy up produce to sell "a
ain as peddlers without liability as pro-
ce brokers. Produce brokers cannot ped
produce from house to house without in
ring liability as peddlers.
o. Il 49,. /