The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1867-03-21
INCOME TAX.
The Law as Amended by the Late Congress-

oF OF any citizen of the United States residing
abroad: whether derived from any kind OF property,
rents, interest, dividends salaries, or from any
profession, trade, employment or vocation, carried
on IN the United States elsewhere, or nom any
other source whatever, tax of five per cent. on the
amount so derived over one thousand dollars and Il
like tax shall be levied collected and paid annually
upon the gains, profits and income OF every busl,
ness, trade profession carried on in the United
States by persons residing without the United States
and not citizens thereof, and the tax herein prov1
ded Tor shall be assessed, collected and paid upon
Ine gains profits and income for the year ending the
Slst day Of December next proceeding the time for
eVylng, collecting and paying said tax.
HOW TO ESTIMATE TAXABLE CONSIDERATIONS TO
be MADE ON INCOMES.
That section one hundred and seventeen be amen
ded by striking all after the enaCtng clause and
Inserting N lieu thereof, the following: That in es
IImating the gains. profits and income of any per-
son, there shall be included all income derived from
interest upon notes, bonds and other securities oil
the United States profits realized within the year
from sales of real estate purchased within the year
or within two years previous TO the year for which
income is estimated; interest received or accrued
upon all notes, bonds and mortgages, or Other
forms OF Indebtedness bearing interest, whether
paid not, good and coeCtable less the interest
which has become due from said person during the
year; the amount Of all premium on gold and cou
pons; the amount of sales Of live stock, sugar. wool
butter, cheese, pork, beef mutton, or other meats
hay and grain, other vegetable, or other prOduc
tons, being the growth on produce OF the estate OF
such person. not including any part thereon con
sumed directly by the family, all other gains, profits
and income derived from any source whatever, ex
cept the rental value OF any homestead used or oc
cupIed by any person or by his family in his owl
right in the right of his wife; and the share Of
any person of the gains and profits OF all companies
whether Incorporated orln partnership. who would
be entitled to the same, ii divided whether divided
or otherwise, except the amount of income received
from institutions or corporations whose officers a.
required by law, withhold percentum of the divi
dends made by such institutions, and pay the same
TO the oncer authorized to receive the same and ex
cept that portion of the salary pay received fol
services i'll the civil, military naval or other service
OF the United States, including Senators, Represen
tatlyes and Delegates in Congress, from which the
tax has been deducted. And in addition TO one
thousand dollars exempt from income tax, as here
nbefore provided, all national. State, county anC
m unclpal taxes paid within the year shall be de-
Quoted rom the gains, profits or income OF the
person who has actually paid the same. whether
such person be owner. tenant or mOrtgager: losses
actually sustained during the year arising from
fires, shipwfeck or incurred in trade, and debts
Certained to he worthless, but excluding all estima
led depreciation of values and losses within the
year on sales OF real estate purchased two years
previous TO the year for which income is estimated
the amount actually paid for labor or interest by
any person who rents lands hires labor TO cult
Vate aud, Or who conducts any other business from
which income is actually derived, the amount actu.
ally paid by any person for the rent OF the house
premises occupied as residence for himself or his
family; the amount paid out for usual or ordinary
repairs; pr"Utded, that no deduction shall be made
for any amount paid out for new buildings perma
nent improvements or betterments made to increase
lHe value OF any property or estate dTU DfOU3UeQ.
f~'thef That only one deduction of $1,000 shall be
made from the aggregate income ofall the members
OF any family, composed Of one or both parents and
one or more minor children, or husband and wife;
that guardians shall be allowed to make such de-
ducton in favor of each and every ward except that
in case where two or more wards are comprised in
one family, and have joint property interest, only
one deduction shall be made in their favor: And
pr011ded, J3E'tter, That IN cases where the salary
or other compensation paid to any person in the EN-.
ployment or service of the United States shall not
fbQ atn { 0YNnr hall -
fees, or uncerta in or irregular in the amount or in
the time during which the same shall have accrued
or been earned such salary or other compensation
shall be included in estimating the annual gains
profits, or income of the person to whom the same
shall have been paid.
HOW THE PEOPLE ARE TO MAKE RETURNS.
That section 118 be amended bp striking out
all after the enactng clause and insersing in
lieu thereof the following: That it shall be
the duty of all persons oflawful age to make
and render a list or return, on or before the
day prescribed by law, in such form and man
ner as may be prescribed by the Commissioner
of Internal Revenue, to the Assistant Assessor
OF the district in which they reside, of the
amount of their income, gains and profits, as
and all guardians and trustees, ex-
ecutOrs and administrators, or any person act
ing in any other tiduciary capacity, shall make
and render list or return as aforesaid to
the Assistant Assessor of the district in which
such person in tiduciary capacity resides, OF
the amount of income, gains and profits of any
minor or person for whom they act; and the
Assistant Assessor shall require every list OF
return to be verified by the oath or affirmation
of the party rendering it, and may increase the
amount of any return, if he has reason to be-
lieve that the same is understated: and in case
any such person shall neglect or refuse to
make and render such list or return or shall
render false or fraudulent list or return, it
shall be the duty of the Assessor or Assistant
Assessor to make such list according to the
best information he can obtain by the examin-
alton Of such person. or his books or accounts,
Or any other evidence, and to add fifty per
centum, as penalty, to the amount of such
tax due on such list in all cases of Willful neg
ect or refusal TO make and render such list Or
return, and, in all cases of false or fraudulent
list or return having been rendered, to add
one hundred per centum, as a penalty, to the
amount of tax ascertaned to be due, the tax
and the additions thereto as a penalty to be
assessed and collected in the manner provided
FOR in other cases of willful neglect or refusal
TO render list or return or of rendering false
and fraud ulent return.
Provided, That any party ia his or her own
behalf, or as such Judiciary shall be permitted
to declare, under oath or affirmation, the form
md manner Of which shall be prescribed by
lhe Commissioner of Internal Revenue, that he
Or she, or his or her ward or BENEFICIARY, was
not possessed of an income of 81, 900, liable to
be assessed according to the provisions of this
act; or may declare that he or she has been
assessed and paid an income tax else where, in
the same year, under authority of the United
States. upon his or her income gains and prof
It's as prescribed by laws; and if the Assistant
Assessor shall be satisfied of the truth of the
shall thcreupon be exempt from
income tax in the said district; or if the list
Or return Of any party shall have been increas-
ID by the Assistant Assessor, such party NAV
exhibit his books and accounts. and be per
nltted to prove and declare, under oath or af-
the amount of income liable to be
assessed; but such Oaths and evidence shall
not be considered as conclusive of the facts
md no deductions claimed in such cases shall
De made or allowed until approved by the As
lStant Assessor. Any person feeling aggrieved
)y the decision Of the Assistant Assessor in
such cases may appeal to the Assessor of the
district, and bis decision thereon, unless re-
Iersed by the Commissioner of Internal Reye-
lue, shall be final, and the form, time and
manner Of proceedings, shall be subject to
'ules and regulations to be prescribed by the
Of Internal Revenue Pr0gid-
a FURTHER, That no penalty shall be assessed
lpOn any person for such neglect or refusal or
or making false or fraudulent return except
utter reasonable notice Of the time and place
If hearing, to be regulated by the Commission
r OF Internal Revenue, so as to give The person
'harged, an opportunity to be heard
TIME OF ASSESSMENT AND WHEN TAXES ARE
DUE.
That section 119 be amended by striking out
I'll after the enacting clause and inserting in
leu thereof, the following: That the taxes
IN incomes herein imposed shall be levied on
he first day of March, and be due and paya-
de on or before the 3Oth day of April in each
'ear, until and including the year 1870, and no
onger; and to any sum or sums annually due
md unpaid after the Both of April, as afore-
aid, and for ten days after notice and demand
therefor by the Collector, there shall be levied
n addition thereto the sum of five per centum
IN the amount of taxes unpaid, and interest
It the rate of one per centum per month upon
aid tax from the time the same became due.
Except upon the estates of deceased, insane or
nsolvent persons Proyided, That the tax on
Incomes for the year 1866 shall be levied on
he day this act takes effect.
- -
There is scarcely manageable girl left
It Alhemarle Va. the rush for wives is so
great The yourg men had better go to
Jtab, and relieve the Saints"
The last session of the n. Y Legislature
IaS fuadp no birth do, cF L..k,,. -,