The tri-weekly standard. [volume] (Raleigh, N.C.) 1866-1868, 1867-04-02
The Income Tar.

The Income Tax.
| The following is the form of making in.
come returns for 1866 under the new law.
The reader will see at a glance the character
of the articles to be returned upon, and the
deductions to be made:
RETURNS OF GROSS INCOME.
| 1. From the profits in any trade, business,
or vocation from which income is actually
derived, or any interest therein, wherever
carried on.
Q. From the payment of debts in former
year considered lost, and which have not paid
previous income tax.
3. From rents.
L. From farming operations-amount of
live stock sold, amount of agricultural pro-
ducts sold.
5. From profits realized by sales of real
estate purchased since December 81. 1868.
g. From interest on any bonds or other
evidences of Indebtedness ofany railroad, Ca
nal, turnpike canal navi CATION or slack-watcr
company, or interest or dividends on stock,
capital. or deposits in any 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.
s. From gains and profits of any incorpor-
ated company not divided.
| 9. 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 enumcr-
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 DIOvaa of the TInite6 Stafnc
ID. From profits on sales ofgold or stocks,
whenever purchased.
IA. From all sources not above enumera-
ted.
1. Exempt by law, 81 900.
2. National, State, county, and municipal
taxes paid within the year.
3. Losses actually sustained during the
year from fire, shipwrcck or incurred in trade,
and not already deducted in ascertaining
profits.
since December 81, 1868.
5. Amount paid for hired labor to cult
vate land from which ncomeis 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.
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 tax has
been withheld.
II. 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, 1864,
as amended July IS, 1869
TAXABLE PROPERTY.
Carriage, phseton, 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 or 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
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, So.
Billiard tables kept for use, and not sub
ject to special tax, SO.
Or plate of silver kept for use, per ounce
troy, so cents.
or plate of silver kept for use, per ounce
troy, exceeding forty ounces, used by one
family, so cents.