Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-12-01

Approved. July IL. 1870.
B,a ..ae,.d b 9Th, S<.ate a.d Ronss Of Reprssottd-
lives oLIths Jaitsd aaiss Of Ap'er'ea' I" c'A0'e'
That on and aner the hnt LAY q Nay. sGhsssS
nv he s.yenty.nintS section Of The act entitled -An
ct to provide internal reyenIs to ,nHp%S pr, tns a. ST Ior
ernment, to pay Interest on me putin thirty' sishteen
S,nst mi sixty.Four. q amended by section nine
AZ The Internal revenue act approved July dms ~,
sos,,en two OF Inc Internal revenue. act approved
Nsn:n two. eighteen hundred and slxtS-seNsn, ~
AMI the same are hereby. reosaieI; S%s act r. .nseisi
~, ~. an brewers Imposed by said section, or the spec.
is1 taxes imposed BY the act approved July twenty,
eighteen hundred sn ri, naxiy INN. ami S" tobacco. and
G,r other purposcs," or the acts anieldatory thereof.
Src. :, .Isd Be- 10 further ~saeted. That, on and
ancr the nrst day Of October. eighteen nundtea anu
seventy, The several taxes on sales Imposed by me
Internal revenue laws now In force, saving ana eS-
ccptlng such taxes on sales a. are by existing Jaw
paid by stamps, and the taxes on sales Of Isai ,'o snd
domestic diEtillsd spirits, and wines, imposed oyeai9
act. approved July twenty. eighteen hpndrsd anu
sixty-elght. and acts Anendatory thercoi, DC, hno INC
SAME aro hereby, repealed.
SIC. 5. dad BE- u ysrthr enacted, That on anil
after the trst day ofOcto0er. eighteen hundred anu
seventy, the tASos imposed BY the Internal revenue
as hereby. repealed, namely: on articles In schedule
A; the special tax on boatI. barges and mats; on Legal
Giles and SUGGESTIONS; on passports; and on gross ~
ccipts.
the nrst day ofuctobcr eighteen hunnreu AMI eSeuty,
the stamp tax Imposed In schedule ID on pron.ssory
notes for a less sum than one hundred dollars, ando on
receipts for any sum ofmoney. or for the payment %
any debt. and the stamp tax Imposed IN schedule =,
on canned and preserved nsh. be. and the Ssne are
hereby, repealed. And no stamp shall b. required
upon the transfer or assignment of MORTGAGE, where
it or the instrument II secures has been once 9ug
stamped. And the proprietor or proprtetoso OF ar
tlcles nameli In sald schedule {, who shall FURNISH ns
or their own die or design for stamps TO be used eS,
peciAlly for his or their own prop,ietary aaiGls a,y sd sMi
amounts purchased At one tune OF not iess Ian MY
dollars nor more than ave hundred dollars, ave per
Ton DER c-ntum on the whole amount purchased
Prorided. That lucifer or friction matches, anu CT
gars lights, and wax tapers, inay % remover lIoin
The place Of manufacture for export to a foreign
country without payment OF tax, or ainxing stamps
thereto, under such rules and regulations Is the Sohl.
missioner Of Internal Revenue uay preses,De, am
SEC. S. dad De Il farther snaetsd. That section
one hundrSd and il, aNyIe rsIso Sa inc .s s aSs sT,'9 the gov.
ernment, to pay interest on the public debt, ana ior
other purposes" approved July thirty, elshlSen
hundred and siNty-four, az amended py ~ ,S,r, n,ne
eighteen hundred and ~sixty-siS, be, ana u ns1eos,
amended BY striking out the words "hny collars
y, H. The Ss, sSsSns r sSoSsi. A ,ss , ,nsosIsa y Ia, u re" remaining
unpaid, but In no case less than nvs aoilai, ~,
by striking out the words .sixty.siN' In the third
proviso, and inserting In lieu thereof the worlA
sseyenty-onc; also, BY striking outth words sixty
sevsL" ID the last proyiso. ana inserting In lieu 'astS
SIS. & Jadbs "a Jsrther spaetsd, That here shnll
be levied and collected annually, ~ hereinafter pro-
vided. for the years eighteen hundred and seventy
and eighteen hundred seventyone. and no longer, u
tax oftwo and one-haf per centum upon the gains
profits, and income Of every person residing ~ ~,
United States. and Of every citizen OF the United
States residing abroad. derived from any source
whatever. whether within or without the United
States, except Us hereinafter provided. and a Ike tax
annually upon the gains, pronts, AMI lhcome ueII'eu
nom any business. trade, or profession carrie on VI
the United States by any person reudlng. Hltnont
the United States. and not a citizen thereof, orlrom
Sy any person residing without the Unltel States.
and not q citii en- thereof
Src. !. And Dc 70 Garihr enacted: That In esti'
there shall 10 Included all income derived from any
kind OF property, rents. interest received or accrued
uponallnotes. bonds. and MORTGAGES, orothcI iornis.
iI vooi and colIectable, interest upon notes. bonds,
or other securities OF the United states. anu tne
amount Of all premium on gold and coupons; tne
gains, profits. and Income ofany business. profession.
trade. employment, office, or vocation; Including
any amount received ~ salary or pay for services IN
the civil, military, naval, or other seryiee u us
gate In Congress: except that portion thereof Iohl
which, under authority Of acts ofConGess previous
hereto, a tax OF nvc per ccntum shall nave otcn
Withheld. the share Of any person Of the gains AMI
profits, whether divided or not, OF all companies or
partnerships. but not Including the amount !seelvsI
from any corporations whose officers, as suthoriIcL
BY law, withhold any paw as taxes u per ccntum. Q!
the dividends made. and Of Interest or coupons pald
by such corporations; profits realized within tns
year frum sales OF real estate purchased Within Two
years previous TO the yuar for which Income isesfi'
matei; the amount OF sales OF live stock. sugar,
wool. butter, cheese. pork, beef, mutton. or otnct
meats. hay and grain. fruits. vegetables. or other pro-
IuctIons, beln; the growth or produce ofthe estate oil
such person. but not including any part thereof CON
sumsd directly by the family; and am otnS, sa W
but not Including the rental value OF the hotnesteah
used or occupied oy, any person: o, by MS iainily:
naval nensiona allowed to any person under the laws
OF the United States, AMI the sum OF two Thousand
dollars Of the gains, prontA, and Income OF any PSF
son, shall be exempt fruni said income tax, ID
the manner hereinafter provided. Only ono deduc'
| ton OF two thousand dollars shall be made from the
aggregate Income OF all the members OF any family
composed Of one or both parents and one or more
minor children, or Of Husband AMI wife; but when Q
wife has by law a separate income, beyond the con
troll oil her husband. and Is HylnE separate ana apar,
Income, gains. and profits; and guardians ali rus'
tees shall be allowed to make the deduction In favor
| OF each ward or beneficiary except that In case oi
TWO or more wards or benefciarics comprised In one
family, having Joint property interest, only one de-
duo ton shall be made In their favor. For the pun,
poSr o fullowlng said deduction nom tho Income Of
any religious or social community holding all their
property and the income therefrom Jointly anu 70
common, each five OF the persons composing sucn
such persons less than nvo over such groups
OF ave. shall be held to constitute u Family,
AMI a deduction VI two thousand dollars
Any taxes On the Incomes. gains. and prontsoi sucn
societies, now due and unpaid, shall be assessed anu
collected according TO this provision, except that the
deduction shall be only one thousand dollars Tor any
year prior TO eighteen hundred and seventy.
SIc, y. IHd be t. Further enacted. That In addi.
tlon 10 the exemptions provided In the preceding
section, there shall be deducted from the gahns,
profits, and income Of any person all NATIONAL STATE.
county, and municipal taxes pail ny MN wl,nin .ne
year, whether such be owner, tenant, or niortsa9ei;
all his losses actually sustained during tine year
arising from iires, Hoods, hipwreck, Q, incutrru VI
trade, and debts ascertaliied 70 oe NottniesS, pu' ~.
GLIDING all estimated depreciation OF Shiues' lne
amount Of interest paid during the year. hna
Ire amount paid for rent or labor " cui-
tiyate land. or to coIliuct any other Dusl-
ness nom which Income Ii derived; the uhlionnt
paid for the rent OF the house or premises occupied
as a r~esiIence for himself or his family. and the
amount paid out Tor usual and ordinary repairs. NO
DEDUCTION shall be made for any amount paid 0ut tor
new buildings, permanent improvements. OF oettei'
mcnts made To increase the valued any property Ut
estate. 49, a..
SIC. 10: Aad De e lartAsr sndeIsd, Lhat INC ,hhs
nereinoeioro Ptoyhleu snsh = az vssr .nSInr on
gains. pIous, anu IhSvnlo y nno y.a ~ ~.
the thlrty-nrst Jay OF DSccnloff ny psees eaI .h =
S I'M isY ,Is oG iSs n sst Ssy ~ March eIseisen hundred
anu seventy one anu eishtc,, nv H. ,st,,nn,h
two, and De que ana paSao.e oerorei' ~ .hL; ~,
DAY ot~Aprln eaeno " sAlu years. \" nm n.y. ,nTrI
tleth day or April, and Tor ten days aitrr NOTICE am
demand thorcoi oy inc couecLoI' snaiI uc 1871
and collected. a. q penalty, ,he sum ., i've per VeI.,
um on the aniount unpaiu, anu ,n,r'Ss. om sas
sIn os !. y y sa, s.W. p hec,r,s Sus sxcept from IN
estates =, ueeeAs1a' ifsaI.i s"r.S TP.t ~ sh.u
sxc. u, Asao $1,000 en w Ia q .sn,.
DC the duty OF every person VI taN.u,s -, 49,
xross income uuiins the ptsceultx yeaI eAseeueu
| TWO Thousand QO.lArN. 10 MAKE anu Ienu9T y ItkuII