The Placer herald., 1867-05-04
The Income Tax.

The following is the form Of making in'
come returns for 1866, under the new law
The reader will see at glance the character
of the articles to be returned upon, and the
deductions to be made:
RETURNS.
/. From the profits Of any trade, business
or vocation from which income is actually
derived, or any interest therein, wherever
carried on.
2. From the payment Of debts in former
year considered lost, and which have not
paid previous income tax.
3. From rents.
4. From Farming observation-disclosures Of
live stock sold; amount Of agricultural pro.
ducts sold.
5. From profits realized by sale Of real es'
tate purchased since December 81, 1868.
6. FROM interest on any bonds or other
evidences of indebtedness Of any railroad,
canal, turnpike, canal navigation or slackwa'
ter company, or interest or dividends on
stock, capital or deposits in any bank, trust
company, savings institution, insurance, rail-
road, canal, turnpike, canal navigation or
slackwater company.
Z. From dividends Of any incorporated
company other than those above mentioned.
8. From gains and profits Of any incorpo'
rated company not divided.
9. From interest on notes, bonds or other
securities of the United States.
10. From interest on notes, bonds, mortga.
ges or securities other than those enumerated
above.
IL. From any salary other than as an Off
Ger or employee Of the United States.
70. From any salary or pay as an officer
or employee Of the United States.
13. From profits on sales Of gold or stocks,
whenever purchased.
IA. From all sources not above numer-
ated.
l.. Exempt by law, 81 900.
2. National, State, county and municipal
taxes paid within the year.
8. Losses actually sustained during the
year from fire, shipwreck, or incurred in
trade, and not already deducted in ascertain
ing profits.
4. Losses on sales of real estate purchased
since December 81, 1868.
S. Amount paid for hired labor to culti-
vate land from which income is derived.
6. Amount actually paid for rent OF homer
stead.
8. Amount paid for usual or ordinary re-
pairs, excluding payments for new buildings,
permanent improvements or betterments.
9. Interest paid out or falling due within
the year.
10. Salary or pay as an officer or employee
of the United States, from which tax has
been withheld.
IL. Interest on dividends from corpora
tions enumerated above in paragraph 6.
Taxable income.
Amount of tax at s per cent.
CARRIAGES GOLD WATCHES, BILLIARD TABLES
GOLD AND SILVER PLATE.
(Schedule A.. Section 100. Act June 80,
1864, as Amendod July IA, 1861
TAXABLE PROPERTY.
Carriage, pbaton, carryall, rockaway,
or other like carriage, and any
coach, hackney coach, omnibus or
four.wheeled carriage, the body OF
which rests upon springs of any des-
cription, which is kept for use, for
hire or for passengers, and which is
not used exclusively in husbandry
or in the transportation of merchan-
disc, valued at exceeding $500, and
not exceeding $500 including bar.
ness used herewith. Sc 90
Carriages of like description valued at
above $500. 10 90
Gold watches composed wholly or in
part Of gold orgilt, kept for use, val'
ued at 500 or less 90
Gold watches, composed wholly or in
part of gold or gilt, kept for use,
valued at above 800 2 90
Billiard tables, kept for use, and not
subject to special tax 10 90
or. plate Of gold, kept for use, per
ounce troy ..... 90
o.. plate Of silver, kept for use, per
ounce troy, exceeding forty ounces,
used by one family 05