The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1867-03-30
The Income Tax.

The following is the form of making In
come returns for 1866, 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.
l. From the profits in any trade, business
or vocation from which income is actually
derived, or any interest therein wherever
carried on.
2. From the payment of debts in a former
year considered lost, and which have not
paid previous income tax.
3. From rents.
4 From farming operations-Amount of
live stock sold; amount of agricultural pro:
ducts sold.
s. From profits realized by sales of real
estate purchased since December 81, 1863.
6. From interest on any bonds OF other
evidences of Indebtedness of any railroad,
canal turnpike, canal navigation, or slack
water company; or interest or dividends on
stock, capital or deposits in any, trust com
pany, saving institution insurance, railroad,
canal turnpike, canal navigation or slackwa-
ter company.
7. From dividends of any Incorporated
company other than those above mentioned.
s. From gains and profits of any incor-
porated company not divided.
9. From interest on notes, bonds or other
6eCurlUieS OF the OnlLeQ states.
10. From interest on notes. bonds, mort
cages, or securities other than those enumer-
ated above.
H.. From any salary other than as an
| officer or employee of the United States
y. From any salary or pay as an Off
Ger or employe of the United States.
Is. From profits on sales Of gold or stocks,
whenever purchased.
IA From all sources not above enumera-
ted
Gross income.
DEDUCTIONS.
l. Exempt by law 81 600.
2. National, State, county and municipal
taxes paid within the year.
3. Losses actually sustained during the
year from FIRE, shipwreck, or incurred in
trade, and not already deducted in ascertain
ing profits.
T. Losses on sales of real estate purchased
since December 81, 1863
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.
7. Amount actually paid for rent of home
stead.
8. Amount paid for usual or ordinary re-
pairs, excluding payments for new buildings
permanent Improvements or Detterments.
9. Interest paid out or falling due within
the year
10. Salary or pay as an officer or employee
of the United States, from which d tax has
been withheld
II. Interest or dividends from corpora
tions, enumerated above in paragraph 6.
Taxable income
Amount of tax at 5 per cent
CARRIAGES, GOLD WATCHES, BILLIARD TABLES,
GOLD AND SILVER PLATE
(Schedute A-SectioH 100, act June 30,
1864 as amended July Is, 1869
TAXABLE PROPERTY
Carriage, pheton, carryaIl rockawav,
crotherike carriage, and any coach,
hackney coach, omnibus or four
wheeled carriage, the body of
which rests upon springs of any
description, which Is kept for use,
for hire or for passengers, and which
is not used exclusively in husbandry
or in the transportation of merchan-
disc, valued at exceeding $500 and
not exceeding $500 including har-
ness used herewith...............-.... Sc 90
Carriages Of like description valued
at above $500. ................ .-....... 10 90
Gold watches, composed wholly or in
part of gold or gilt, kept for use,
valued at 500 or Iess................... 1 90
Gold watches composed wholly or In
valued at above 500. ................. ? 90
Billiard tables kept for use, and not
subject to special tax.................. 10 90
o.. plate Of gold, kept for use, per
ounce .......-.....-............-.... DO
Or, plate of silver, kept for use,
per ounce troy, exceeding forty
ounces, used by Que family.,......... Q5