Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-10-11
fPubic-So. 1871
AN ACT to reduce internal taxes. and for other
purposes.
Approved, July II. ls,n.

n, Il ,uocfed bv The S,nate aud Home Df Represeafa.
Tires Of The United Adies Of Amtricd I" Con9re''
assembled
Thai on and AFTER the nrst day OF May, eighteen
hundred and scvcnty-onc, the special taxes Imposed
by the xcventy.nInth section OF the act entitled An
act to provide internal revenue TO snpport tne ny.
rrnnIcnt. 10 pay Interest OH the public debt, and ior
other PURPOSES approved June thirty, eighteen
hundred and sIXty.fOnr, Us amended by section mn
Of the Internal revenue aet apptGsea 1u ncnisd bS;
section two OF the Internal revenue act approreu
March two, eighteen hundred and slxty-sersh; W,
aud the same are hereby, repsaS,. .nl., H. sncriai
tax OH brewers Imposed by said section, or the spec
lnI taxes imposed by the act approved July twshty,
eighteen hundred and slNty-cigllt, entitled An nct
ImnOsIur taxes on distilled spirits anl tobacco, ana
for other purposes or the acts arnendatorS 'hetco'.
SEc. 2. And be Il further enaeied, That on and
after the firt day or October. eighteen nuiuIea shn
seventy, tie several taxes on sales imposed by TUE
Internal revenue laws now In force. saving anu t1-
ccpting such taxes oh sales ~ are Dy eSistihx INV
paid BY stamps, AMI the taxes on sales OF leAi tooac,
90. manufactured tobacco. snuii. cigars. foreign anu
dOmrstic distilled spirits, aud wines. imposed ny SAID
act, approved July twenty. eighteen huinrcl anu
siXty-clght. aud acts amcndstory thcrcoi' Dr. anu 'he
SAINT ara hereby, repealed.
SEC. ). dad b il further enacted, That on and
after the first day OF October. eighteen hundred anu
seventy, the taxes imposed by the internal revenue
arC hereby, repealed, namely: Oh articles lnsche,iule
Az; the special tax on boats, barSes AMI Hats; on Iesa-
clcs and SUGGESTIONS oil passports; alid Oh srossre'
cclpts.
SIC. 4. And b, IL further enacted That OIL and amer
the irst day OfOctObcrr eighteen hundred and seventy,
the stamp tax Imposed In schedule u on promissory
notes for a less sum than ole hnnJred dollals. anu Oh
receipts for any sum Ofmonry, or Tor inc payment 0 q,
amy debt. and The stamp tax Imposed IN schedule {,
on canned and preserved Dish, be. and the same are
hereby. repealed, And no stamp shall DO required
mon Inc transfer or assignment Of mortgagc where
II or the instrument II secures has been once nuy
stamped. And the proprietor or propIietors o. ar
tlclcs named In said schedule {, who shall furnish bis
or their own die or dcslgn for stamps 10 DC used es-
pccially for his or their own proprietary articles. snail
be allowed the following commissions. iaineiy; IN
amounts purchased at one time OF not less Ian my
dollars nor more than nvc hundred dollars, I'VE per
ccntum; and OIL amounts over i've hundred dolhrs,
ten per ,c:ntum on the whole anlount pufsn nHpS -.
CARS lights. and wax tapcrs. may DO removed from
the place Of manufacture Tor export, TO q iorclsn
country without payment Of tax, or smN,ng ~ s.a Tnp,,
missioner OF Internal Revenue may prescribe; ana
all provisions OrcSi>ting laws Inconsistent herewith
are hereby repealed.
SEC. ;. dad BE- il further enacted. That. section
one hundred and hfty-eIght OF the act entitled An
act to provide internal revenue to support the gov
ernmciit, TO pay interest oil the public debt. and Tor
other purposes" approved July Thirty, eighteen
HUNDRED and slxty.fOur, as amended BY section nlnc
Of the Internal revenue act, approved July thirteen.
eighteen hundred and slxty-six. BE-, and Is hereby,
amended by striking out the words my dollars
In the second proviSo. and inserting In lieu thereof
the following: double the amout u tax remaining
unpaid. but In no case less than I'VE dollars, Slso;
On htTlklnK OuI Ill Olu N.Y. 49,
uroviso, and inserting In lieu thereof tho words
'sevcnty-onc: also. by striking out the wonis SIXTY
srvrI. In the last provis", and inserting IN lieu there
OF the words "scrcniytwo.'
SIC. A. dudbe IL further eadcted, That here shall
be levied and collected annually, ~ hereinafter pro-
vIdcd, for the years eighteen hundred ana seventy
and eighteen hurried seveniy-ollc, anu no ,ongei. .
tax OF two and onc-haif per centum upon tne gains
profits. and INCOME VI every person rcsldlhs ~ INC
United States. and OF every. citizen OF the uniIcd
States residing abroad, derived from any son ntS
whatever, whether within or without the nnlteu
States. except as hereinafter provided. and q lke laS
annually upon the gains, pronts, ana Income uerlErH
,bn t- " States by any prrson roIdinr Without
the United States, AM. not q citizen therroI, orIdoI
rents Of real estate within the United States 9Mhsn
hy any person residing without the lni'eu o'aVes'
and not a citizen thereof
SIC. :. And be IL further enacted; That IN est
mating the gains, profits, AMI Income OF any peFson.
there shall DO Included al Income dGIiveu .lom nna
upon allnOtes. bombs, and MORTGAGES. nro!nSL iosnS;
0iIndebiedness bearing Interest, whether paid or not
IIsoSd and .. s0lIss.a 81 ih in' GnIi.% dps Stat H1.'I and the
amount OF all premium on gold and coupons wv
gains, profits. and Income Ofaly Duslncs. Piuu,Sdt,..
trade employment, office, or SOcaNon; lnCihunns
any amount received A. salary or pay lor ner'lee.Ln
The civil, military. naval. or other sctsiee " sns
United States, or a. senator, pn y thereof nom
which, under authority OF acts OF ConsrSss pieSIous
hereto. a tax Of Ave pcr centunl snhl nav otsn
nronis whether divided or not. OF oil companies or
partncrships. but not Including the amount iseelSe1
from any corporations whose ofiicrrs, as autnoflied
nv law. Withhold any paw aS taxes n per centuln OF
tho diyidenlls made, and ofintercsi or coupons paid
by such corporations; profits realized within the
wear from sales OF real estate purchased within two
years previous 10 the year for which income scsIt
mated: the amount Of sales Of live stock. sugar,
wool. hyttrr, cheese, pork, beef, mutton, OF olnci
meats, hay and erAin. fruits, vegetables. OF olner pro,
d~uctiUns, being the growth or produce oltne cststeo
such person. but not Including any part thereof eon'
suinei directly by tho family; and all other gains
nro1ts. and income drawn fTonl any source wnatcNcr,
but not Including the rental value OF the nonies,eAu
used or occupied by any person. or by MS fanny.
SEC. 8. Aud BE- Il further enacted, That military or
naval nensions allowed 10 any person under the laws
OF the United States. and the sum OF TWO nouS nmS.
dollars Of the gains. pronts, and Income OF NY ~
son, shall be exempt nom said neoHs .1AI,mn,
the manner hereinafter provided. Only one ueun.
tion OF two thousand ,iolIars shall be made RON .ms
aggregate Income Of oil the members OF any ianiny
composed OF one or botll parents anu one OF III"
minor children. or ofhusband anu ~he; M y ,ss con.
troll OF her husband, and Is llying separate sua am her
from him, such deduction shall then be nlade rITW rn ny
income, gains; and profits; ana ga 1s.IastIsp Z favor
OF each ward or beneficiary execpt .nns "a IN one
Two or more wards or beneficinrcs eompnse" ~ =. Ia
family, having Joint property Interest SnY h. pur.
pose Of allowing said deduction from M ins f ,se n
inv rsi,Sious or social community holding .. IN ~
uronerty and the income therefrom Ja,nsYH s,rh
eo1imon: ga. each .5 aye ,s on ,ns pe'i f%Tse,Ionsi number o.
snoh rerSons Ic~ than hvs over suen lEsuwwJIy
on ave. shall be held 70 eoisusu.s doIlan
as4Ia deduction ss or or s .%S q aid camille:
tnan = an IN incomes. gains, and pronno OF sucn
s%oSsiies. now due and unpaid. :han % o ssoti ~, he
aecos ling to tnn ptSousSni doflsr1 ior any
deduction shall Be- only onS and seventy.
year prior 70 sl1ES"EN 1rfI~ sssasd, Inst tu sddi.
ton 10 The Msupilens pTeTaeo W.