The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1867-05-12

mum peihhy oAcocut tho rate OF tlOOO per an
mum, the amount Of salary from which the
tnx has been deducted may be deducted from
Q the gross income
~. lhsoneS OF persons who died AFTER DO
osruer OF, are taxable, and should be return
y M ~ oAovutoIs OF administrators, ana also
MI lnvone wnich accrued IN 1906 to persons
Mno uisu WITHIN that year. Income which
. s SSc from the estates OF such persons In
i iooo aiter me date Of decease, should be 70
i suInou py the heirs or other persons who TO
colve sne Dement'S OF the same
Az. q. residents should make return In the
uistrlct where they reside at the time Of ma
klng return: The residence required under
secton lio ior the purpose OF taxing income
ne,u 70 10 y residence during the year iOr
:, whicn sucn income Is derived" II any
, persons HupJect 10 income tax resides abroad
nis return should DO made In the district
) where ITO last resided
| %. Citizens of the United States residing
: abroad are subject to tax upon their entire
, incomes from all sources whatever; and the
: same IL true OF foreigners residing in this
, country.
~ 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
States and not citizens thereof
. | "A
estate, and any profits on the sale Of such q
lease are taxable as income for the wear of
sale.
81 Where any portion of a legacy has
been transferred by the executor to the ler.
atee, so that the executor in his capacity of
guardian or trustee has no longer anv con-
troll of the profits arising from such legacy.
the return of such profits "a income mnst ia
required of the legatee
81. The payment of legacy or succession
TAX ON the bequest OF an annuity does not re-
lieve the annultant from liability to income
tax on his annuity 4.
49, Assessors should be careful not to al
low the deduction of amounts claimed to
nave 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 or adornment rather than pecuniary
| proht.
"a. Whenever scrip dividends are return
able as income they should be returned at
their market value.
IS. 1t 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 TINS subject, and if
the omission has been made, the deficiency |
should be assessed, but without penalty |
when it appears to have been due to mis-
apprehension OF the law.
sc. The attention of assessors are particu-
larly called to the terms of the act in force.
which require to be included in returns of |
income the share of any person of the gains
and profits of all companies, whether incor-
porated or partnered, whether divided or
otherwise.
SPECIAL TAX.
/ Section seventy.four requires all special
tax recaints (excenf in casa If auctionaare
produce brokers. commercial brokers. patenf-
right dealers, photographers. builders. insu-
rance agents and pedlers. to snecifv the
place at which the business ia done. and the
word " place as here used is eonstructed ia !.
mean tile premises occupied by th. tax-Dav-
or in the prosecution Of Ills business whetherJ
tba nlace be q sinola room II 1 bu;ldino con-
tanning MANY rooms, or whether ii ID several
buildings standing npon the same nremises
and used for n common nnrnose INF there
are certain branches az business which ara
not restricted TO such premises. "a II Is nro.
vided in the act that LAWYERS. nhvsicians.
surgeons, dentists, cattle brokers' and horse (
dealers NAV do business az anv nlaca what,
ever without beino subject Ia additional
special tax. Proprietors of circuses, Jug
glers, &C., must pay a special tax for each (
State in which they exhibit.
y. Inc special tax OF dealers must be i I
assessed upon the basis of all sales made 4
either by themselves or through Others. ex- c
cept those through other wholesale dealers s
On commission. s
g. Manufacturers NAV, without additional
liability, sell their wares at the place of I
or at their principal office. t
provided no wares are kept, except as sam 8
1les,, at such Office. But If a manufacturer
Iel at his factory, or at his office, goods not s
l. N
lcaler if such sales exceed $1,000 annually,
md such tax will be assessed upon his sales b
If such goods only, and not upon sales of 8
lis own manufactures.
a. Special tax receipts are not transfers.
lie, but in case of removal the tax payer is a
liable to additional tax, unless the fact of 81
emoval is registered, as provided in section p
g. a
g. The tax required under the proyiso to g
cotton rs for ali or either two of the classes p
# business therein named is TWENTY-FIVE dol
airs. al
6. The special tax of bank should be as "
essed upon its chartered capital; that of a to
anlzer upon the amount of capital used or d
mployed o.
4. Whenever o retail dealer is found to til
ave made sales exceeding $25, 900, he should pa
G assessed as a wholesale dealer from the W
ate of his liability as a retail dealer The =
,int the amOunt of reassessment maid
s. The liability to special tax depends in =
any cases upon the Question whether the r.
lrty makes a business of doing the acts ~
,ecified. Occasional acts do not render a
,rson liable TO special fax. Init it is NOT
,cessarv that the business sbonld he his
le business or even his nrincinaI one in II
der that he NAV he held liable IF a ner-
N holds ont to the nnbl;c nv advertise-
emf nv words deeds pr writing that he il
adv to transact anv kind of bnsiness sinh
ct To sneciaI TOW ba mnst now sncb tay
tbonob tba hns;ness IN Question NAV not III
his chief or eycIns;va ocddnnat;on n the "
LEVINE named occnnotiops and nrofes.
ne a,1e,, oooas;onoI aats 10 NOT onnoor 10
nio,wad ~ az tar "0OO Az 1a PM;tho,,t
.i.;i;+,, WfytOIo.oIo 81 rato;i Jo"lora j.,
t4o,'' $500 oNJ JnJo"a .1;st;iiona
1"eAs, noHSi"o aS Io otor,eors a. Is
loo asoIos, Peuut ':, puIooosi apnol !, VI
sGs, Jugsieis, poMllng alleys' ProplieVolS
MI 1nyo. pilSes anu t lawysis; ~
".