The weekly North-Carolina standard. [volume] (Raleigh, N.C.) 186?-1869, 1867-04-10
The Income Tar.

- l494Il
The following is the form of making in
come returns for S66 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 OF GROSS INCOME. .,
1. From the profits many trade, business,
or vocation from which income is actually
derived, or any interest therein, wherever
carried on. SIT .gse e5.ssi.l
Q. From the payment of debts in q former
year consideredlost, and which have not paid
a previous income tax.
3. From rents. ie
4. From farming operations of
live stock sold, amount of agricultural pro-
ducts sold. 49,.
s. From profits realized by sales of real
estate purchased since December 81 1853
6. From interest on any bonds or other
evidences of Indebtedness ofany railroad, ca
nal, turnpike. canal navigation or slack-water
company, or interest or dividends on stock,
capital, or deposits many bank, trust COM
pany, savings institution, insurance, railroad,
canal, turnpike, canal navigation, or slack
water company.
Z. From dividends of any incorporated
company other than those above mention
ed. I'm s5,s
s. From gains and profits Of any incorpor-
ated company not divided.
8. From interest ON notes, bonds, or other
securities of the United States.
10. From interest on notes, bonds, mort
cages, or securities other than those enumer-
ated above.
II. From any salary other than as an off
Ger or employee of the United States.
IL. From any salary or pay as an officer
or employee of the United States.
IL. From profits on sales ofgold or stocks,
whenever purchased. f
IA. From all sources not above enumera-
ted. . ~ se..
= DEDUCTIONS. sa7
1. Exempt by law, 81, 1000.
2. National, State, county, and municipal
taxes paid within the year.
8. Losses actually sustained during the
year from fire, shipwrcck, orincurred in trade,
and not already deducted in ascertaining
profits.
4. Losses on sales of real estate purchased
since December 81, 1868.
5. Amount paid for hired labor to cult
vate land from which income is derived.
6. Amount paid for the live stock which
was sold within the year.
Z. Amount actually paid for rent of home
stead -
s. Amount paid for usual or ordinary re-
pairs, excluding payments for new buildings,
permanent Improvements, or betterments.
o. Interest paid out or falling due within
the year. -s''i
10. Salary or pay..as an officer or employee
of the United States from which tax has
been withheld.
H. Interest or dividends from corpora
tons enumerated above in paragraph six.
Taxable income.
Amount of tax at five per cent.
CARRIAGES, GOLD WATCHES, BILLIARD TABLES,
AND SILVER PLATE.
(Schedule A.-Section 100, Act June 80, 1854,
as amended July 10, 1860
TAXABLE PROPERTY.
Carriage, phaton, carryall, rockaway, or
other like carriage, and any coach, hackney
coach, omnibus, or four-wheel carriage, the
body of which rests upon springs of any de-
scription, which is kept for use, for hire, or
! for passengers, and which is not used exclu-
sively in husbanGry in the transportation
of merchandise, valued at exceeding $500
and not exceeding $500, including harness
used Herewith, Sc.
Carriages of like description valued above
$500, $40 as,s.5 81.
Gold watches, composed wholly or in part
of gold or gilt, kept for use, valued at s1OO
or less, 81.
Gold watches composed wholly or in part
of gold Or gilt, kept for use, valued at above
500, So. ~ e. ~. -.
Billiard tables kept for use, and not sub
ject to special tax, $40.
Or plate of silver kept for use, per ounce
troy, 90 cents ss .es5
Or plate of silver kept for use, per ounce
: troy, exceeding forty ounces, used by one
family, so cents.