The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-03-29

inc 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 charac.
ter of the articles to be returned upon,
and the deductions to be made:
RETURNS OF GROSS INCOME.
l. From the profits in any trade, bust
ness, or vocation from which income is ac-
tually derived, or any interest therein,
wherever carried on.
2. From the payment Of debts in for
not paid previous income tax.
8. 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, 1868.
6. From interest on any bonds or 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 bank,
trust company, savings institution, insu.
rance, railroad, canal, turnpike, canal ma.
vigation, or slackwatcr company.
Z. From dividends Of any incorporated
company other than those above men,
toned.
s. From gains and profits of any incor-
porated company not divided.
.. 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 emu
merated above.
IL. From any salary other than as an Of
ficer or employee of the United States.
IL. From any salary or pay az an officer
or cmploye of the United States.
Is. From profits on sales of gold or
stocks, whenever purchased.
IA. From all sources not above enume-
rated.
DEDUCTIONS.
i. Exempt by law, 81 900.
2. National, State, county, and munich
pal taxes paid within the year.
3. Losses actually sustained during the
year from fire, shipwreck, or incurred in
trade, and not already deducted in ascer-
tanning profits.
4. Losses on sales of real estate pur-
chased 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.
7. Amount actually paid for rent of
homestead.
s. Amount paid for usual or ordinary
repairs, excluding payments for new build
ings, permanent improvements, or better
ments.
Q. Interest paid out or falling due within
the year.
10. Salary or pay as an officer or en-
ploye of the United States from which a
tax has been withheld.
IL. Interest or dividends from corpora
tions enumerated above in paragraph six.
Taxable income.
Amount of tax at five per cent.
CARRIAGES, GOLD WATCHES, BILLIARD Ia
BLEs, AND SILVER PLATE.
(Schedule A.-SectiOn 100, act June 80, 1864,
as amended July i3, 1861
TAXABLE PROPERTY.
Carriage, ph9ton, carryall, rockaway, or
other like carriage, and any coach, hack
ney coach, omnibus, or four-wheel car
rage, 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 merchandise,
valued at exceeding $500 and not exceed
ing $500, including harness used there
with, Sc.
Carriages of like description valued above
$500, $40.
Gold watches, composed wholly or in
part of gold or gilt, kept for use, valued at
800 or less, 81.
Gold watches, composed wholly or in
part of gold or gilt, kept for use, valued at
above 500, 81.
Billiard tables kept for use, and not sub
ject to special tax, $40.
or plate of silver kept for use, per ounce
troy, so cents.
Ozplatc of silver kept for use, per ounce
troy, exceeding forty ounces, used by one
family, so cents.