The Shasta courier., 1868-02-29

Income TAx.-It may be interesting B.
persons liable to income tax to read the fol
lowing: s~s..
Sec. ll6. Ind be IL .fnrtEer enacted Tha
there shall be levied. collected, and paii
annually upon the gains. profits. and income
OF every person residing in the United States
or of any citizen of the United States residing
abroad, whether derived from any kind o.
property, rents, interests, dividends, or sal
aries, or from any profession, trade, esaploy
ment, or vocation, carried ON in the United
States or elsewhere. or from any other source
whatever, tax of five per centum on the
amount so derived over one thousand dollars,
and like tax shall be levied. collected, and
| paid annually upon the gains, profits and
income of every business, trade or profession
carried on in the United States BY persons
residing without the United States, and not
citizens thereof And the tax herein provided
for shall be assessed, collected and paid upon
| the gains. profits. and income for the wear
ending the 3lst day of December next pre-
ceding the time for levying, collecting, end
paying said tax. % 1ssls.
Sec. l1S. And, be 1t further enacted. That
it shall be the duty Of all persons of lawful
age.to make and render list or return. on
or before the day prescribed by law, in such
form and manner as may be prescribed by
the Commissioner of Internal Revenue. to the
Assistant Assessor of the district in which
they reside. of the amount of their income.
gains. and profits, as aforesaid; y \
and the Assistant Assessor shall reo,lire
every list or return 10 be verified by oath or
affirmation of the party rendering it, and NAV
increase the amount IF any list or return, If
he has reason to believe that the same is un.
derstated; and in ease any such person shall
neglect or refuse to make or render such list
or return, or shall render false or fraudu-
lent list or return, it shall be the duty of the
Assessor or Assistant Assessor to make such
list, according to the best information he can
obtain, by the examination of such person,
or his books, or accounts, or any other evil
dence, and to add fifty per centum as a pen
atty to the amount of the tax due on such
list in all cases of wilful neglect or refusal to
make or render a list or return, end, in all
cases of q false or fraudulent list or return
having been rendered, to add one hundred
per centum, as a penalty, to the amount of
tax ascertained to be due, the tax and the
additions thereto as a penalty to be assessed
and collected in the manner provided for in
other cases of wilful neglect or refusal to
+"
false or fraudulent return. sl 9s4a.
Sec. ll9. And be at further enacted, That
the taxes on incomes herein imposed shall be
levied on the first day of March, and be due
and payable on or before the thirtieth day of
April. in each year, until and including the
year eighteen hundred and seventy, and no
longer; and to any sum or sums annually
due and unpaid after the thirtieth of April,
as aforesaid, and for ten days after notice and
demand thereof by the collector, there shall
be levied in addition thereto the sum of five
per centum on the amount of taxes unpaid,
and interest at the rate of one per centum
per month upon said tax from the time the
same became due, as penalty, except from
the estates of deceased, insane or insolvent
persons.
The Assistant Assessor is always in his
Office.