Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-10-03
tPublic-So. 1911
AN ACT to reduce internal taxes. and for other
purposes.
Approved, July II. lsI0.

n, IL enacted byihe Senate and Honsr Of Gepresenta-
iires cLfho Lnitrd SGte u Amorica /" Con0re''
assembled
That on anil after the first lay Of May. eighteen
hunircd and sevcnty-one, the special taxes imposed
by Tho scvcnty.nintli section Of the act cntitled I'm
act to provide internal revenue TO support the gov
crnmeilt. to pay interest on nc publ, ,Sir aSo' :i Sha ! .S1
hundred and slSiy-IOur, as amended Dy secilon nlne
Of the Internal revenue act approved July thirteen.
clgetecn hundred and sixty-hN. and a. amended ny
section two Of tho Internal revenue act approyeu
March two, eighteen hundred and siSty-screh, w,
and the same are hereby, rcpcaled; but thlsacl snni,
not be- held TO repeal or In any way ynsct tne speclai
tax on brewers Imposed by said section. or the spec
lal taxes IMPOSED by the act approved Jnly twenty,
G I,apSsInr t tSx"s on d" DISTILLED spirits and tobacco. ami
for other purposes" or the acts amendntory thcrcOt.
SEc. .. Anl be il further enacted. That, on and
after tho FIRST day OF October. eighteen huhdren anu
seventy, the several taxes Oh sAlcs imposed ny Ihc
Internal revenue laws now In force. saving anu ck-
cep;inS such taxes on halcs as are by ENSUING law
paid by stamps. AMI the taxes on sales OF leal IoDae,
GO. manufactured tobacco, snun. cigars. foreign and
dpIncs;ic distilled spirits, and wines. lmpOssh Dy san
act, approved July twenty. eighteen hundred ana
sIxty.clelt, and acts amrndatory thereof, DC, ami the
SAME arc hereby. repealed.
SEC. J. And Be 10 further enacted, That on and
after the lrst day OF October. eighteen hundred ana
Avs. now in force. herein specIded. be, and the same
arc hereby, repealed, namely: on articles nsehruule
A; the special tax on boats. barGcs and mats; on !eSa-
Giles and SUGGESTIONS; on passports; ana OIL gross re-
cclpts,
SIc. 4. And be IL further naaeied That on and ancr
the lrs. DAY OfDctober eighteen hundred anu seSeut!,
the stamp lax Imposed In schedule y on plo'hlsSory
notes for a less sum than ole hundred dollars, alluOn
receipts for any sum %ofInoney, or Tor tue payment OF
any debt. and the stamp tax Imposed " scneGulcS =,
on canned and preserved ilsa, DC; nnn p, y = ~ rans,r y
upon the transfer or assignments OF a mortsasr, Nnci.
IL or the instrument II secures has been once luly
tti+ II named in said scheduled who shall Furnish his
or their owl die or design for stamps to BE- used e.;
pccially for his or their own proprietary arueles. snhn
be- allowed the following commissions. namely: un
amounts purchased at one time OF mol iess Ian MY
dollars nor more than five hundred dollars, hNs per
centum; AMI on amounts over hfe nunu.su aS .,as,,
Froridei, That luclfcr or friction matches, am c'
yars lights, and WAX tnpcrs, may lie removed rom
the =, place s, a. mai may%,em, OF I lax. Or anixins stamps
thereto, under such rules AMI regulations us tmc ,om,
missioner Of Internal Revenue may prescribe: ani
all provisions oiCNistlils laws lllcOhslStSnt hcIc"iNh
ARE hcrc6! repealed.
SrC. ;. Ind be il further enacted, That section
one hundred and 1fty.rifit OF the act entitled M
ernn,ent, TO pny interest OH the public debt. and for
other pnrposes.'' approved July thirty. eighteen
hundred and s.xty.four, as amended by section nine
| eighteen hundred and sixty-ilx, be. and ID hereby,
amended by striking out the words "hny dollars,
In the second proviso. and inserting In lieu thcrrol
the following: double the ainOut VI tax remaining
unpaid, but Ia no case Less than hrc dollars also,
By striking out the words "sixty.slX 10 the tiliru
l~frovisO. and Inserting In lieu thereof tho words
''scvrnty.ont: also. by striking out the words sixty.
| scvcI. In the last prOvIsO. anu inserting In He'll there
of the word" scventy'twO.'
SEc. {. AadJe Il further enacted, That here shall
he lcvIcl And collected annually, Us hereinafter pro-
vI!cd, for the years eighteen hundred and seventy
and eighteen hundred scventy-Dlp, and ITO longer, a
tax Oftwo and nnc-half per ccntum upon the gains
profits. AMI Income or every person residing ~ inc
United States, and Of every citizen OF tho United
States Residing abroad. derived from any source
whatever. whether within or Without INC United
S1.... go, . Il. 4, Ina an y nrnrIhnI nuH n lkp lax
annually upon the gains. profits. and Income derived
from any business. trade. or profession carried on In
the United states, and MT 4 citizen thereof. or irom
rents Of real estate within the United states owned
By any person residing without tie Initeu STATES
and not q citlj en- thereof. .
Src. :. And be il further sndcisd: That in cstl.
mating the gains. profits. and Income or any person.
there shall be- Included all Income derived from any
Kind Of PROPERTY, rents. Interest receiver o. aTer r
OF Indebtedness bearing interest, whether paid or mol
lfg0oi and collectabir. Interest upon notes. oonds.
or other securities Of the United States, ana the
amount OF all premium on gold and coupons; inc
gains, profits. and ofany business. profession.
any amount received as salary or pay for services In
The civil. military, naval, or other service Of me
United States, or as senator, representative OF deic
Which, i,I under authority Of acts n Congress previous
hereto. a tax Of i've per centum shall have been
n m,ennius'v Whether divided or moi, Of ali compani9 OF
partnerships. but not including the amount received
froin any corporations whose on1cers, AZ authorlzed
hy law, WITHHOLD any paw As taxes u per ccntuin OF
the dividends made. and Of interest or coupons paid
by such corporations; profits realized within the
year from sales o. rcal estate purchased Within TWO
years previous to the year for which Income is esu'
mated; the amour, OF sales OF live stock, sugar,
wool. butter, cheese, pork, beef, mutton. or otnef
meats. hay and grain, fruits, vegetables. Or other pro,
auctions. being the growth or produce ofthe estate OF
such person. but not Including any part thereof con
snmcA directly by the family; and all other gains,
pron,s, ana Income drawn from any source whatever,
but moi Including the rental value OF tho homestead
used or occupied by any person. or by his iamHS. i
SIC. 4. And be u further enacted. That military or
of ,be p Tn!isd si l.tos and ths sum q two thousand
dollars OF the gains. PROFITS, and Income OF any per
son. shall be exempt from said Income aa, IN
the manner hereinafter provided. Only one dedlic-
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 ofhusband and wife; but when q
wife has By law a separate Income. beyond the con;
from him, such deduction shaIlthen b. made nom her
income, gains, and profits; and guardians and thus
tees shall be allowed to make the deduction In favor
OF each ward or beneficiary except that In case Of
two or more wards or bcnefciarics comprised In one |
family, having Joint property interest, only one de- |
duo ton shail be made In their favor. For tho pur
pose OF allow;ng sail deduction from the income Of
property and the income therelrom Jointly and In
common. each nvo OF the persons composing such
society. and any remaining fractional number Of
such pers .S,I, less r. than S.1S I've es Sysf such g5 S,|S
shall be allowed for each or said families.
Any taxes on the incomes, gains, and profits OF such
eoiissted according 70 this p~royiion, except thstths
Leiuetfon shalt b only one thousand dolisrS fbrany
year prior 10 eighteen hundred and seventy.
SIC. y. AHd BE- g. further enacted. That In add.
ton 10 the exemptions provided In the preceding