The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1870-10-06

I OF utHtt7 t0ftlh OF lhuepteuue11 gSaNAnt5 II
terest, whether paid or not, il good and
collecable, interest upon notes, bonds, Of
other securities Of The United States; and
the amount Of ell premium on gold and
coupons the gains profits, and income oi
any business, profession, trade, employ
ment, Office, or vocation; including any
amount received as salary Or pay for ser
vices Id the, civil. military naval, ol
other service Of the United States, or q
senator, representative or delegate in Con
gress; except that portion thereof from
which, under authority. Of acts Of gongtes!
.nreyinus hereto, tax of five per centnn
Shall have been withheld; Che share q
any person Of the gains and profits, wheth-
diyidedsofnos Of all companies or part
nerships, but not including the amount
received from any corporations whose off.
Gers, as authorized by law withhold any
pay as taxes a1per centum Of the dividends
made, and Of interest or coupons paid BY
such corporations profits realized within
the years from sales Of real estate pur-
chased within two years previous 70 the
year for which income is estimated; the
amount cfsales of;liYe stock, sugar, wool,
butter, cheese, pork, beef, mutton, or other
meats, hay and grain, fruits vegetables,
or other productions, being the growth OF
produce Of the. estate Of such person; but
rlotincIuding any part thereof consumed
directly by the family; aud other gains,
profits ana income drawngfrOm any source
whatever. but not including tho rental
valueof Che homestead used or occupied
by any person, or by his family.
SEc. s. did % it further enacted, That
3militmy.ot naval pensions allowed to any
person underline laws of the United States,
and the sum oftwo thousand dollars Of the
gains, profits, aud income Of any pers on,
shall be exempt from said income tax in
the manner hereinafter provided. Only
.one deduction of two Thousand dollars
shall be made from the aggregate income
Of all Che members OF any family COM
posed Of one or both parents and one or
more minor childrens or of husband and
wife; but when d wife has by law q sepa-
rate income, beyond the control Of her
husband, and is living separate and apart
from him, such deduction shall then be
made from her income. gains, aud profits;
and guardians and trustees shall be allow
Cd to make the deduction in favor Of each
ward or beneficiary except that inscase Of
two or more wards or benefciarieu COM
prsedin one family having joint property
Interest, only one deauctioo shall be made
idllcit iosof For TO pm ere ol
sire said deduction from the income Of any
religious or social community holding oil
theirsproperty and the incomp thepfrom
ioi6tly and ii common, each five Of the
persons composing such society, asd any
remaining fractional numberof sueh per
sons less than five over suck groups Five
shallbe held to constitute a family. and q
deduction Of two.thcusand dollars shall be
allowed for each Of said families Any
taxes on the incomes, gains, and profits
Of such societies, now due and unpaid,
shall be assessed and collected according to
this provision, except that tne oeuuctlon V'
shall beohly one thousand dollarg for any
year prior TO eighteen hundred and sew
enty.
SEc. 10. 1nd be 10 further enacted, That
in addition othe exemptions provided N
the.preceeding section, there shall ee de.
Quoted from the gains, profits ana income
of any h.allnational, State, county
and municipal taxes paid BY him wl.nn
Stlie year, whether such person beowner,
tenant, or morlgagcr; all his losses actu-
ally sustained during tho year arising IRON
fires, foods, shipgreck, or incurred IN
trade, aud debts :asceEtalued \, 70 Pc wor.a'
less but excluding all estimated aeprecla, !,
ton ol values the amount q lnteres. Palo "
during the year and the amount PAD lol