The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1867-05-08

1865, must be listed. The owner may re.
tain "a miy supplies for one year. slFnet
st W YlHU SHARES OF STOCK HaHli MH4
in Railroad Cbmpanies (except Rsleighiand
CASTOR and Wilmington and Weldon X. X,
Stocks, which are exempt. the former until
dividends exceed Is per cent. per annuin,
The latter absolutely } mustbe listed at their
market value, along the line ot the roads.
hf9t s0 81 sH MONEY. am at} u af
500 can be deducted IRON cash on hand
Isl April. II. a man has nett income over
$500, and has the income IN The shape oil
money on hand lst uf April, it must be tax
ed as money" as well as Income"
NATIONAL BANKS
Should list the shares of stock. owned
therein BY residents aud nnn-residents, al
The place where the Bank is located, under
Sec. III, Class A. Sched. A. -
Class 2. seized. A. ..
Watches, Gold and Silver and plated
ware also, pleasure carriages aud harness.
are taxable whether used or not. IL is DIFF
lere NJ with ie~elry and musical instru.
ments.
Carriages aud horses used by Physicians.
exclusively 10 practice, are exempt.
SALARIES.
A clerk in store, receiving eompepsa-
ton Of $50 per manih, must pay the salary
tax IL he receives rom April 4. 1865, -
April 1. 1867. over $500. The sum oi $500
cannot be deducted from the total.
Class S-ScHEcuLg A.
Nett income under $500 no, taxable. II
over $500. that amount cannot be deducted.
The expense of keeping carriages and
horses, used exclusively By physicians IN
their practice, can be deducted rom grUss
income.
Also the necessary expenses Of lawyers
10 attending Courts.
Also lnod.' Sc. bon sht by farmer
Tor his hands or stock, but ID the iarmer
produces his subsistence, his income from
this product aud his expenses in feeding i,
eraedy balance. and nothing IS TO be de-
Quoted.
II farmer give fuel n part wages 20 his
aborers. he NAV deduct The value, but M
most plantations that value is triilIng. as Il
IS To the interest Of the owner TO have lhr
land cleared Tor cultivation. House ren.
given as wages. should not be deducted.
School teachers. who receive iuition mo.
ney Tor the pupils taught b. them. are not
taxed as having salary, but are taxed on
their nett income. under this section.
Gain on purchase aud resale of lands,
stock. &C.. within the yer preceding ii
April 1867. must be estimated A. !" income
LIQUOR PURCHASES.
ia. buys liquor IN New York and sells
to Is. for resale. A. Is liable to the temper
cent. tar, but Is is not.
so ii A. buys ol the maker IN this State
and sells 10 d. for resale. A. i liable Tor
the FIVE per cent. tax. and Il is not.
Bat IN both cases, Il B. claims exemption,
he must prove as prescribed IN 2nd clause
OF Sec. 5. Class ., Schedule A., tia, A.
listed the liquors IN this State.
II a. has liquor consigned 10 him w .
". Y. House ivr sale on commission. aud
he sells to Is. for resale, by the expires,
language of Sec. 2. is liable lur the ten
per ccnt. tar. while 4. is only liable Tor
nnc.hith o. une per ccnt. uil his sales, IN
der SEE. ). U
II A. Ia the above case. retails the IL
quurs, selling them to persons buy Ing Tor
lneir own use. not for sale. he is liable 10
pay the Sheriff ten per cent on his sales,
under Sec. %, schedule u.
The same rules hUld muidiis mrfdadis
10 the case Of consi sigumehts by the maker
oi liquors and sales by the consignee. u
The Uuliej States tax on liquors is mol
TO be deducted from the amount of pur-
chase. II the dealer gave - per gallon Tor
whiskey, hc must list s5 III he gave sl, and
also paid The 90 wax. nc must list the whole,
% per gallon. = tla
MERCHANTS AND OTHER rRApEas.
i last year gave the opinion that u A.
purchases raw material, bestows on u his
labor, and then sells the product of his la.