The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1867-05-18


tax has been deducted may be deducted ffol
the gross income,
~ Incomes of persons who died after ID
cember 81, are taxable, aud should be returi
ed Dy executors or administrators, aud ali
all income which accrued In 1866 TO person
who died within that year, Income whic
accrued from the estates Of such persons
1866 after the date of decease, ahonld be r.
turned lly the heirs OF other pcrsonn. who r
ceiye the benefits Of the anme MN
"a. Residents should make return In, III
district where they reside ut thBtim Of mi
king return. The residence required undo
section li6 for the purpose Of taxing incom
Is held to be residence during the year 70
which such income Is derived" If nm
persons subject TO income tax resides abrOa
his return should DO made In the distric
where he last resided. h
%. Citizens Of the United States residin
abroad are subject to tax upon their entIr
incomes from all sources whatever; and Oh
same is true of foreigners residing in thi
country.
80. The law provides that like tax shall
be levied, collected and paid upon the gains
profits ana incomes of every business trad
or profession carried ON in the United State
by persons residing without the Uhitet
States and not citizens thereof
| 3d. A lease for years or for life is persona
estate, and any profits on the sale Of such
lease are taxable as income for theyear O
SALE a.
81. Where any portion of legacy ha,
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.
81 The payment of legacy or succession
tax on the bequest ofan annuity does not re-
lieve the annuitant from liability to income
tax on his annuity.
49, 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 OF gardening for recrea-
tion or adjournment rather than pecuniary
profit. 0If 6 t ,,is-
3 "a, Whenever scrip dividends are return
able as income they should DO returned at
their market value. oa 57a aalsse0.
35. 1t is believed that in many instances,
In the assessment of income for former wears
persons holding United States securities
have not included the ACQUIRING interest in
their return of income Assessors should
the omission las been made. the def;c;ancv
be assessed. lint. withont nenaity
when IL annears tn have baen Hua * ! ,.,;s
Of the law IlIlffT n n
90 nv e4.s.,s go j II la..s +
a1IsS aV.sr ~ u assess9rs are partlcu-
ra0;n - tn1 So;nly ~ t1e actl force:
/" - i1iu.io W " incIuueu III returns OF
~ s,los.a % S -, =, nuy IolsoL z. Dne Rains
~n,.taJ 20 - ~ uo wncsner moor
~ a.'.; " pai'hoiou' whether aiviueu OF
s,,,..,,s.
). .ssH ~ ~ m
oectlon seventy-fourr requires all special
TAX receipts Except n case Of auctioneers,
produce brokers, cOminarciai brokers, patent
right dealers, photographers builders, insu-
rance agents, and pediers,) TO specify the
place at which the business Is done, and the
worn pace ~ mere used y constructed to
mean she premises occupied Dy tho tax-pay-
!, an eno prosecution q MS business, Wnether
no piace " sinsie room, In Duiiding con-
standing upon the same premises
mo USED ior common purpose. But there
~ Certain 9rancheS OIL business which are
lob restricted TO Such premises. as 1t is pro-
'ided IN the act that lawyers, physicians,
urgeons, oehtlsts, CATTLE brokers and horse.
NY u9 business ~ any place what,
yer Without being subject to additional
pecaal tax Proprletors of circuses, Jug
ieIs, &C, must pay special tax for each
Vate LII Whlcn !hey exniDitr
Ing speciaI TAX Of dealers must %
ssosseu uPon Ine OASIS q an safes maze
louol w themselves y, SnrouSn otneis, OK |
epe 1nose onrough otner Wnoiesaie dealers
Z . 0vulinioslon.
mahuiaGCuIers may, Wltnout ad9itionai
aolllsy, sen thelf wares at the place OF
ianuiaeture' OF az bneir principal once,
roVlued no wares are Kept, except as sam
l ~ az sucn once Dng II manufacturer
7 a. az ms factory, OF at ms once, goods not
ms own production he must pay tax as q
eaier II sucn safes exceed $lOOo annually,
a . s9cn tax VIII pc assessed upon MS sales
] sucn gooas Oily, ana noe upon safes Oh
y Own manufactures.
= opeciai TAX TecelpJs are not transIera-
e' Dut IN case OF removal the tax payer IS
tole 70 additiOnal TAX, unless the TACT OF
moval is registered, as provided In section
= 49, 44t
D. Inc TAX required under the pr0viso TO
cuon 20 lot al OF either Two OF the classes
business Iherein named lstwenty-nve dol
- -,
.. ne speciai TAX OF DanK shOuld De as
sseu upon us chartered capital; tnat OF
nker upon the amount OF capital used or
,pl S
y. whenever retail dealer is found 70
We made sales exceeding $4,000, he should
assessed as wholesale dealer from the
=, OF MS iiaDlhtyFas retail dealer Inc
Iiector should lndorse upon his tax re-
pr Ihe amount OF reassessment paid
5. The liability to special tax depends in
my cases upon the question whether the Il
rty makes business OF doing the acts
'cihed. occasional acts do not render
rson llaDie 10 special tax, but It IS not
cessary that the business should be his
Q business, or even his principal one, in
Ter that he may be held liable. If a per-
holds ont to the public by advertise :
mt, by words, deeds or writing, that he is I
dy to transact any kind of business sub
: to special tax, he must pay such tax, I
h0ugh the business In question may not
his CHIEF or exclusive occupation. In the 4
lowing named occupations and profess
ms oven occasional acts do not appear to
allowed BY the terms Of the law without
Dility Wholesale and retail dealers in
1ors, lottery-tickets dealers, distillers,
wers, rectihers, coal oil distillers, insu- !
es, Jugglers, bowling alleys, prOprietors
yift enterprises, and lawyers.
+. Wholesale and retail dealers may do
iness as contectioners and apotheoaFies
the same place without the additional