Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1867-03-07

cnHS Tor ShlrCs, eXcepG Gnoso m"u0 VI
paper. ,.---.,-.--.-.c
furniture. Ho1t si642isI .11geolf -
Stove polish or other manufacture exclu-
siVeiy of pI1mbago.o ri ssse:ead
Stump machines. stiJI JHi 1i ~ II
Steel of all descriptions, whether made
from muck bar, blooms, slabs, loops, or
Straw, or binders boards and binders
CLOTH 70 Spi'9giYt5 ~ 7agayfa io s.a Il
Tags for merchandise and direction,
made of cloth, paper, or metal whether
blauk or printed. -
iron. aeilI t'i' sa" 10 sai rot. ..f'-
ITnware for domestic or culinary pur-
poses. ~. &ait75'a92 p; e T.
Ultramarine blue .hsa EaH4 so .>a8
Varnish. @IoijsJia 171 991
Wagons, carts and drays, made to be
used for farming or lumber purposes. "a
Washing, mangling and clothes-wring-,
ing machines, zinc washbOards, spinning
and fax wheels, hand reels, flalsd looms,
wooden knobs. - - - gaffai4s .jri
iWire-cloth, aT.l.t 70 S1f7to lto9
Il 1t is provided that the exemptions afore-
said shall, in all cas~s, be confined exclu-
sively to said articles in the state and con-
dition specified in the foregoing enumera-
ton, and shall not extend to articles in any
other form, nor to manufactures from said
articles. u 9i'} 10 -If3729c sGl 30 1877
F@Ginfa l1'.E INCOME TAX. 5.4is f1-JIHi
= The following is the new income tax,
I whichis fixed at uniform rate, and goes
I into effect March 1, 1867. The tax on in
comes for 1866 is to be levied the day this
act goes into effect -s!i- dH'5s'~ ~ss.t .ie i's
Income from gains, profits from proper
ty, rent, interest, dividends, or salaries S
from any profession trade. or any employ
ment. tax on the amount SO derived over
one thousand dollars, of per cent. l9Isli1
= And in addition to one thousand dollars
exempt from income tax, allnational, State,
county and municipal taxes paid within
the year shall be deducted from the gains,
profits or income OF the person who has
actually paid the same, whether such per-
son be owner, tenant. or mortgagor; losses
actually sustained during the year arising
from fires, shipwreck, or incurred In trade,
and debts ascertained to obewOrthless, ,bnt ex-
Guiding all estimated depreciation of values
and losses, within the year on sales OF real
estate purchased two years previous to the
wear fOrgwhieh income is estimated, the
amount actually paid for labor or Interest
bv any person who rents lands or hires
labor to cultivate land, or who conducts
any other business, from which income .is
actually derived the amount actually paid
by any person for the rent OF the house or
premises occupied as residence for him.
self or his family; the amount paid out for
usual or ordinary repairs Provided, That
no deduction shall be made for any amount
paid out for new buildings, permanent inn
provements; or betterments, made to in
crease the value of any property or estate
A1ad provided, further That only one de-
IluctiOn of one Thousand dollars shall be
made from the aggregate income OF all the
members of any family, composed of or {
or both parents and one or more minor
children, or husband and wife; that guar
ediaps shall be allowed to make such deduc-
ton in favor of each and every ward, ex-
|. cept, that in case where two or more wards
are comprised in one family, and have joint
property interest, only one deduction shall
be made in their favor: A'ad provtdeC
| salary or other compensation pait
| to any person in the employment
or service of the United States shall not ex
eeed the rate of one thousand dollars PEI
annum, or shall be by fees or uncertain o.
irregular in the amount or in the time dur
| ing which, the same shall have accrued OIL
been earned, such salary or other compen
,sation shall be included in estimating tn
annual gains profits, or income of the per
son to whom the same shall have been paid
I In estimating the gains, profits, and incOm
| of any person, there shall be included al
income derived from interest upon notes
bonds. and mortgages, and other securitie
of the United States; profits realized within
/ the year from sales of real estate pur
4 chased within the year or within tw
wears previous to the year TO
which income is estimated; interes
received or accrued upon all notes
bonds. and mortgages, or other forms G
Indebtedness bearing interest, whethe
4 paid or not, if good and cOllectable, less tn
interest which has become due from sal
/ person during the year, the amount of a
premium on gold and coupons; the amoun
of sales of live stock, sugar, wool, butter
cheese, pork. beef mutton, or other meats
hay and grain or other vegetable or othe
productions, being the growth or -produc
of the estate of such person. not includin
any part thereof consumed directly by tn
i family; all other gains, profits, and incom
derived from any source whatever; eXceE
the rental value of any homestead used O
occupied by any person or by his family i
his own right or in the right of his wife
and the share of any person of the gain
band profits of all companies, whether in
corporated or partnership, who would b
y entitled to the same if edivided, whethe
: divided or otherwise, except the amount {
income received from institutions or col
4 oporations whose officers, as required b
, law, withhold per centum OF the div
dends made by such institutions, and pa
the same to officers authorized to receiV
, the same; and except that portion OF tn
salary or pay received for services in tn
civil, military, naval or other service of th
United States, including Senators, Repre-
Il
which the tax has been deducted.
i THE ESTIMATED REDUCTIONS OF REvENUl
'g The Internal Revenue Department est
| mate the following annual reductions /
4, revenue on the articles named by tn
> amendatory law: -1s H.. .i..
Alcoholic extracts ~. 30 Sc
or Bale r6pes twine so O
| Canned meats. 30,O
II Carpet bag frames. !..:!...-.,.-......- 500
II Casks barrels, and all cooperage.. 1000
(astings -. .......................... 5O0
| Hollow ware 200 o
Clock trimmings. -r 20O
Clothing. 10000
Drain. gas, and waterrpipe made of -
wood or cement. ACKNOWLEDGEMENTS. SO
Copper bottoms. ........................ 30
! doors! sash. de- cL........................ 5000
/ cline and gelatine, solid 500
Glue and gelatine, liquid. 10
-lZHeTse-rak es tedders, s,&c...-.............. 500
Piano legs, -.--....-.................. 100
IicOrice .... .......s........ 10
Manufactures soffjUtee.,................. of -, 10
III Moiasses. de- . 500
II Naptha &c, above 70 dess.. -......F $50 o