The Lancaster gazette. [volume] (Lancaster, Ohio) 1863-1886, 1867-03-28
The Income Tax.

The following is the form Of ma
king income returns Ior 1856, un-
der the new law. The reader will
see at a glance the character Of the
articles to be returned upon, and
the deductions to be made.-[ Gin
cinnafi Commercial.
RETURNS.
!. From the profits in any trade,
business or vocation from which in
come is actually derived, or any
interest therein wherever carried
on.
2. From the payment of debts
in former year considered lost,
and which have notpaid previous
income tax.
3. Fiom rents.
a. From Farming Operations
Amount Of live stock sold amount
of agricultural products sold.
5. From profits realized by sales
of real estate purchased since De-
cember 81, 1868.
6. From interest on any bonds or
other evidence of indebtedness of
any railroad, canal, turnpike, ca
nal navigation, or slackwater COM
pany; or interest or dividends on
stock, capital or deposits in ary
bank, trust company, savings in
stitution, insurance, railroad, ca
nal, turnpike, canal navigation or
slackwater company. e
2. From dividends of any in.
corporated company other than
those above mentioned.
8. From gains and profits Of any
incorporated company not divided.
8. From interest on notes, bonds
or other securities of the United
States. L'. $500
10. From interest on notes, bonds,
mortgages, Or securities other than
those enumerated above. Eaar 2
IL. From any salary other than
as an officer or employe of the Uni
tod States. fef" ...
IL. From any salary or pay as an
officer or employe of the United
States.
13. From profits on sales Of gold
or stocks, whenever purchased.
IA. From all sources not above
enumerated.
Gross income. aaa.
DEDUCTIONS.
/. Exempt by law, 81, 900.
| 2. National, State, county and
municipal taxes paid within the
year. -.4't
3. Losses actually sustained
during the year from fire, ship
wreck, or incurred in trade, anC
not already deducted in ascertain
ing profits. H afaa-
A. Losses on sales of real estate
pu1 chased since December 81
1868. r.p
5. Amount paid for hired labo
to cultivate land from which incom,
is derived. ul ''a /" gaG."
6. Amount paid for the liv'
stock which was sold within tn
! year.
z. Amount actually paid for rem
of homestead.
s. Amount paid tor usual or or
dinary repairs, excluding payment
for now buildings, permanent i'm
l provements or betterments.
, 8. Inetrest paid out or fallin
due within the year. 1
I, 10. Salary or pay as an officer o
employe Of the United States, f-or
= which q tax has been withheld.
] IL. Interest or dividends frol
: corporations enumerated above i
J paragraph 6.
y Taxable income.
y Amount of tax at 5per cent.
u CARRIAGES, GOLD WATCHES, Bill
. lard TABLES, GOLD AND sILvI
PLATE.
d (Schedule A-Section 100, Act Jui
Y so, '64, as amended July l3, 'G6.)
=" - TAXABLE PROPERTY.
5, Carriage, ph@ton, carryall,
d rockaway, or other like car
: riagc, and any coach, hack
o ney coach, omnibus or four
d wheelod carriage, the body
!. of which rests upon springs
o of fany description, which is
n kept for use, for hire or for
!, passengers, and which is not
' used exclusively in husband
: ry or in the transportation
d Of merchandise, valued at
r, exceeding 5000 and not ex-
10 ceeding $500 including har-
ness used herewith asi. Sc
/. Carriages of.like descrip-
a ton valued at above $500 10
- :, Gold watches, composed
~ ~ wholly or in part Of gold or
4 gilt, kept for use, valued at
,If S100.or less l
=, =, Gold watches, composed
~ - wholly or in part Of gold or
y y gilt, kept for use, valued at
y, ~ above SlO0 Q
~ Billiard tables kept for
use, and not subject to spe-
"a cial tax 10
d. Or. plate of gold, kept for
bo use, per ounce troy
f, or. plato Of silver, kept
IL IL for use, per ounce troy, ex-
., y ceeding forty ounces, used
90 by ono family tlas
:. j. d. JACKsoN's GRAND GIl
DISTRIBUTION,
Ia. Advertised to take place in LII
MS caster. March 18th, 1867, amou