The home journal. (Winchester, Tenn.) 1858-188?, 1872-05-09
The Income Tax.
Returns 10 be Hereafter Made In De
tail.

~
The Assessors Of Internal EeYGnu
are o sending out blanks upon Thlo
the returns of income tax for Io'l y
10 be made. Heretofore persons iiao
to taxation have made out Their retuil
in general terms, but under n ueciSiv
az Commissioner P%leasanton the .,
SCISSORS now require every person :
!, make a return Of income anu ospen
, in detail. We annex the iof4i az rev. 9,
. which is now to be made allo hieu' ~
: thn convenience of those who are 1oft
= nnte enough to fall under the tax'8a1
y nror,s notice. II Is thought that und
!, the new rule the amount OF reyeh7
:. collected will be greatly augmenteaj
/. Gross profits OF any trade, "
= ness. or vocation, from when ihcoy
j. actually derived, or any interest,"
n in. wherever carried on. ,,. q
al p From the payment of debts u
re FORMER year considered lost, and
ID have not paid aprevious income II
e. 3. From rents. kola
ne a From farming operationS nf
It. price of live stock sold; sale
a agricultural products sold; of
ne %. From profits realized by,inbo,
lis real estate purchased since Pn''f
81, 1868. ld on
any bonds or other eyldenceYmonv
niI edness of and bank, trusYnrony
" savings institution, INSURANCE nyigo,
eli railroad, canal, turnpike, c'y
in ton. or slack-water compaY~ comno.
aat 7. From undivided prohY
MES above mentioned. Ico,noro-
"a s. From dividends OF amentinn-
.ost ted company other than
nal ed in paragraph IT,: Ind profits
TO 9. From undivided gy,tod com.
Il of of any partnership or i'lqtioncd in
ut u pany other than thosq
cen paragraph g.. les, bonds,
lual 10. From interest 4ted States
ully or other securities OF tErs bends
tle il. From li'ereaH N thantlose
III mortgages, OF S~eo"'n paid or not,
'oric enumerated above, W
IN if good and coliecI" wages.
INV, ~. From saialy Is of gold or
tiIe stocks, whenever pkyal pensions.
I lhe IA. From militar children re-
my Is. Wages OF
10 ceived. not above emu
IT, rs. From all 81
uzA- mcrated; gross Jys. ..
Y2,0O0.
Lam. |. Exempt Hcounty and mu-
nil in 2. Nationalthin the year.
disin. nicipal taxcsk sustained during
stead 3. Los.csj floods, shipwreck,
Iereby the year frTc, and not already
Z sub or incurrcyaining profits.
act, a. deducted jos of real estate pur-
says 4. Los3mbcr 81, 1868.
Char chased stid for ront or hired
unit of 8. Ar land, or to conduct
labor t9tss from which income
any ON
Ismata is derictually paid as the pur-
=, ana 6. Give stock sold within the
oboaJ
'g. yeaJ paid during the
'ts OF u n of homestead.
oWuer' yey paid for usual or ordinary
''I nmh fIuding ~paycmcnts for new
et Hy" en- r$9crm"nent improvements or
q IN a Jest actually paid within tho
llea 70 fleductcd in any previous in
Alttcrcst or dividends from corpo-
nao.oe enumerated above in paragraph
TellJ N~nNiyIttUu Irviu, s.O'- --.tA
i; q be Y from which " tax A"" bee" with
81. !. From military and naval pensions.
rfoE. Debts asccrtained within the
ms~oertained to be worthless, and
At elsewhere deducted in this or any
Breyious return, and excluding all estl-
mated depreciation Of value.
Taxable income.
Amount Of tax mt y per cent.
Those whose incomes do not exceed
e., 900 u year, would do well to bear III
mind that that the consciousness OF that
fact does not exempt them from certl-
fyiua to their incomes for the past year.
They are by law compelled to testify to
the fact for the guidance Of the Asses
sors in u thorough performance OF the
duties of their trust,