The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1867-05-14

such salary exceeds the rate Of $1,000 per an
mum, the amount of salary from which tn,
tax has been deducted may be deducted from
the gross income.
70. Incomes of persons who died after De
cember 81, are taxable, and should be return
> Cd by executors or administrators, and ais,
all income which accrued In 1866 to person.
who died within that year. Income which
; accrued from the estates OF such persons il
: 1856 after the date of decease, should be re
turned by the heirs or other persons who TO
ceive the benefits of the same
n. Residents should make return in the
district where they reside at the time Of ma
king return. The residence required undel
section l16 for the purpose of taxing income
is held to be residence during the year fol
which such Income Is derived" II any
persons subject to income tax resides abroad
his return should be made in the district
where he last resided.
Il 28 Citizens of the United States residing
abroad are subject to tax upon their entire
incomes from all sources whatever; aud the
same is true Of foreigners residing in this
country. ,
!. %. The law provides that like tax shall
be levied, collected and paid upon the gains,
profits and 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 q
lease are taxable aB income for the year OF
sale.
i 81. Where any portion of q legacy has
been transferred by the executor to the leg
aztec, so that the executor in his capacity Of
guardian or trustee has no longer any con-
troll of the profits arising from such legacy,
the return of such profits as income must be
required of the legatee.
~. The payment of legacy or succession
tax on the bequest of an annuity does not re-
lieve the annuitant from liability to income
tax on his annuity. ~
SO. Assessors should be careful not to al
low the deduction of amounts claimed to
have been lost in business when in reality
they should be regarded as Investments or
expenditures, as when merchants expend
money in farming or gardening for recrea-
tion or adornment rather than pecuniary
| profit. y4 g4AE
a. Whenever scrip dividends are return
able as iEcome they should be returned at
their market value. ssaaf-ts
35. 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 mis-
apprehension of the law. 81 .7sg.gt,f
49, The attention Of assessors are particu-
larry 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 or partnered, whether divided or
otherwise.
SPECIAL TAX.
l Section seventy-four requires all special
tax receipts Except in case of auctioneers,
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-
er in the prosecution of his business, whether
the place be a single room, in building con-
tanning many rooms, or whether it be several
buildings standing upon the same premises
and used for a 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 circuses, Jug I
glers, &C.. must pay special tax for each |
State in which they exhibit. s3ata ,sh
2. The special tax of dealers must be
.npOn the basis of all sales made |
either by themselves or through others, ex-
cept those through other wholesale dealers |
on commission. tftlf
3. Manufacturers may, without additional
liability, sell their wares at the place of
or at their principal Office,
provided no wares are kept except as sam
Piles, 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. -,
a. Special tax receipts are not transfers.
BILE, but in case of removal the tax payer is
liable to additional tax, unless the fact of
removal is registered, as provided in section
rs.
s. The tax required under the proviso to
section 76 for all or either two of the classes
Of business therein named is twenty-five dol
AIRS. -
6. The special tax of bank should be as
'essed upon its chartered capital that of
banker upon the amount of capital used or
Employed. reg b ~ 4
Z. Whenever retail dealer is found to
AVE made sales exceeding $25 900, he should |
,e, assessed as wholesale dealer from the
late of his liability as a retail dealer. The
collector should indorse upon his tax re-
eipt the amount of reassessment paid, H.
8. The liability to special tax depends In
many cases upon the question whether the i
'arty makes business of doing the acts
pecifed. Occasional acts do not render
'erson liable to special tax, but 1T is not
ecessary that the business should be his
ole business, or even his principal one, in
rider that he may be held liable. If a per-
on holds out to the public by advertise
aent by Words deeds or writing, that he is
eady to transact any kind of business SUBJ
ect to special tax, he must pay such tax, ,
Though the business IN question may not
g his chief or exclusive occupation. In the
allowing named occupations and profess
ions even occasional acts do not appear to
e allowed by the terms of the law without
ability. Wholesale and retail dealers in
quOrs, undergraduates dealers, distillers,
rewers, rectifers, coal oil distillers, insu-
lnce agents, peddlers, photographers, cir. !
uses, juggleTs, bowling alleys, prOprietors
gift enterprises, and lawyers
8. Wholesale and retail dealers may do
usiness as cOnfectioners and apothecaries
the same place without the additional
pecial tax. -, ti.,5 ~ ...r.s ..,,,la ! '-..
10. Under the act of March 2, 1867, re- v
Ill liquor dealers may sell liquors in guam
ties of more than three gallons at one time
, the same purchaser without being there 81
y rendered liable as q wholesale liquor
ealer. >,
ii. Wholesale dealers in liquors may sell
quors at retail, and both wholesale and re-
Ill dealers in liquors may sell other mer-
landise, and may sell liquors to be drunk
n the premises, without payment of addi- n
onal special tax, but all sales must be in L
uded in the basis Of their special tax as
callers
10. If the sales of o retail dealer in liquors
zceed $25, 900, he should be reassessed as a \
holesale dealer in liquors. The collector
lould enter the amount of reassessmentI
aid him upon the tax receipt.
10. Hotel keepers may feed the horses of
leir guests without paying tax as livery 7
Ia. Haproduce brokers sales exceed $lO,-
10 annually, he shonld be treated as a COM :
ercial broker or dealer, as the case may
I5 Peddlers may buy up produce to sell N
rain as peddlers without liability as pro- ~
ice brokers. Produce brokers cannot ped
e produce from house to house without in
lrring liability as peddlers.
Is. Original or unbroken packages or