The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1867-05-19

20. incomes OF persons VINO Gle0 AFTER lJc-
cember 81, are taxable, and should be return
ed by executors administrators. and also
all income which accrued in lo66 TO persons
who died within that year. Income which
accrued from the estates of such persons In
ls66 after the date of decease, should be re-
turned by the heirs or other persons who re-
ceive the benefits of the same
u. Residents should make return in the
district where they reside at the time of ma
king return. The residence required under
section lI6 for the purpose of taxing income
Is held to be a residence dHTing the year for
which such income Is derived III any
persons subject to income tax resides abroad
his return should be made IN the district
where he last resided
q Citizens of the United States residing
abroad are subject TO tax upon their entire
incomes from all sources whatever; and the
same is true of foreigners residing In this
country.
20 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
30. A lease for years or for life IS personal
estate, and any profits on the sale of such a
/ lease are taxable as income for the year OF
/ sale.
! 81 Where any portion Of a legacy has
been transferred by the executor 10 the leg
/ aztec, so that the executor in his capacity of
guardian or trustee has 10 longer any con-
+ troll Of the profits arising from such legacy,
/ the return Of such profits as income must be
! required Of the legatee.
81. The payment Of legacy or succession
! tax on the bequest of an annuity does not re-
( lieve the annuitaut from liability to income
/ tax on his annuity.
80. Assessors should be careful not to al
/ low the deduction of amounts claimed to
4 have been lost IN business, when in reality
I they should be regarded as investments or
/ expenditures, as when merchants eXpeDd
( money in farming Of gardening for recrea-
( tion or adornment rather than pecunIary
profit.
"a Whenever scrip dividends are return
able as ircome they should be returned at
their market value.
% 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 this subject, and if
the omission has been made, the deficiency
should be assessed, but without penalty
when it appears to have been due to u mis-
/ apprehension of the law.
80 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 partnered, whether divided or
otherwise.
SPECIAL TAN.
/ Section seventy -four requires all special
tax receipts Except in case of auctloneers,
produce brokers, commercial brokers, patent
right dealers photographers, builders, insu-
rance agents, and pedlers,) to specify the
place at which the business is done, and the
} word place " as here used is constructed to
mean the premises occupied by the tax-pay-
CT in the prosecution ofhis business, whether
the place be a single room, i'll building con-
I tanning many rooms, or whether 1t be several
/ buildings standing upon the same premises
and used for common purpose. But there
/ are certain branches of business which are
/ not restricted to such premises. as it is pro
vided in the act that lawyers, physicians,
/ surgeons, dentists, cattle brokers and horse
/ dealers may do business at any place what
ever without being subject to additional
special tax. ProprietOrs of eircuses, jug
! glers, &c. must pay a special tax for each
State in which they exhibit.
2. The special tax of dealers must be
assessed upon the basis of all sales made
either by themselves or through others, eX.
cept those through other wholesale dealers
on commission.
3 Manufacturers may, without additional
liability, sell their wares at the place OF
/ manufacture, or at their principal office,
provided no wares are kept, except as sam
pies, at such office. But If a manufacturer
sell at his factory, or at his office, goods not
of his own production, he must pay tax as a
dealer if such sales exceed $1,000 annually,
and such tax will be assessed upon his sales
of such goods only, and not upon sales of
/ his own manufactures.
/ 4. Special tax receipts are not tTansfera-
! bic, but in case of removal the tax payer is
/ liable to additional tax, unless the fact of
removal is registered, provided in section
10.
>. The tax required under the proviso to
section 40 for all or either two of the classes
of business therein named Is twenty-five dol
lars.
=. Lbs Ehe sreGial tax. of n bank should be as
sessed upon its chartered capital; that of a
banker upon the amount of capital used or
employed.
Z Whenever a retail dealer is found to
/ have made sales exceeding 5000, he should
/ be assessed as a wholesale dealer from the
! date of his liability as n retail dealer The
collector should indOrse upon his tax re-
/ ceipt the amount of reassessment paid.
:. The liability to special tax depends IN
! many cases upon the question whether the
/ party makes a business of doing the acts
/ specified. Occasional acts do not render n
/ person liable to special tax, but 1T Is not
necessary that the business should be his
sole business, or even his principal one, in
order that he may be held liable. If per
I son nOlus out TO Iue puDilC ny duNtTtiSt-
ment, by words deeds or writing, that he is
ready to transact any kind of business sub
iect to special tax, he must pay such tax,
although the business IN question may not
he his chief or exclusive occupation. In the
following named occupations and prOfeS-
sions even occasional acts do not appear to
be allowed by the terms of the law without
liability. Wholesale and retail dealers In
liquors, Undergraduates dealers, distillersr
brewers, rectihers, coal oil distillers, insu-
rance agents, peddlers, photographers, cir
cuses, iugglers, bowling alleys, proprietors
of gift enterprises, and lawyers.
9. Wholesale and retail dealers may do
business as confectioners and apothecaries
at the same place without the additional
special tax
10. Under the act of March ?, 1867, re-
tail liquor dealers may sell liquors in guam
titles of more than three gallons at one time
to the same purchaser without being there
by rendered liable as a Wholesale liquor
dealer
IL Wholesale dealers in liquors may sell
liquors at retail, and both wholesale and re,
tail dealers in liquors may sell other mer
chaudse, and may sell liquors to be drunk
on the premises without payment of addi
: tional special tax, but all sales must be in
cluded in the basis of their special tax as
dealers,
II. If the sales of retail dealer in liquors
exceed S25 600 he should be reassessed as a
wholesale dealer in liquors. The collector
: should enter the amount of reasseSsment
, paid him upon the tax receipt.
, l3 Hotel keepers may feed the horses OF
their guests without paying tax as livery
I stable keepers.
IA ia produce brokers' sales exceed Sl0,.
600 annually, he shonld be treated as a com.
mercial broker or dealer, as the case may
be.
II Peddlers may buy up produce to sell
I again as peddlers without liability pro-
duce brokers. Produce brokers cannot ped
die produce from house to house without in
) curing liability as peddlers.
10 Original or unbroken packages or
pieces, as referred to in paragraph 81 of sec
tion 20, are held to be packages or pieces
sold Just as they come from the manufacture
er. Wholesale dealer, or importer, without
being broken or divided
Il Brewers and rectifiers may sell their
liquors at the brewery or place of rectifica-
ton in large or small quantities, either to be
; drunk on the premises or not, without pay
ment ofotheT special tax. Brewers and rec
! filters may also deliver their liquors upon
: | orders previously received to their regular