The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1894-09-06

BY law to Withhold, and does, withhold the tax
and PAYS the same 'u ntcer atLhuIlHtu 10
receive it. Ia Cuuu-u.- incomes tAe htee-et-
nv expenses actually incurred in carrying
on ANY busItll--. occupation or profession
shall lie deducted and also all interest due
or paid within the year by such person on
existing indebtedness. And all national slale'
county, school ana municipal j~N, F. nov u
Guiding those assessed against Local pEh"hf~,
paid within the year, shall be deducted from
the gains, profits OF income OF The person VINO
has actually paid the same, whether such per-
son be owner, tenant or mortgag0r Also loss
actually sustained during the year. incurred
in trade or arising from fires, storms OF SNIP
wreck and not compensated for by insurance
or otherwise, and debts ascertalned 10 DC
worthless, but excluding all estimated deprecI-
alton OF value and losses within the year on
real estate purchased within two years pre-
yiOus TO the year Tor when income IS esll-
Provided. That no deduction shall be made
for any amount paid ont for new buildings,
permanent improvements or betterInents, MADE
to increase the value Of any property or estate
Provided further, That only one DEDUCTION
of $1,000 shall be made from the aggregate IN
come Of all the members OF any lang COIL
posed Of one or both parents, and one Or more
minor children or husband and we; that
guardians shall be allowed to make deuuc-
ton in favor OF each and every ward, except
that in case where two or more wards are COM
prised in one family and have joint property
interests the aggregate deduction in their fu-
yor shall not exceed 5000. And provided tui-
Their, that in cases whore the salary or other
compensation paid to any person IN the employ
ment or service Of the United States shall not
exceed the rate Of $500 per annum, or sh4iI
be by foes, uncertain or Irregular IN the
amount or in the time during which the same
shall have accrued or been earned. such sala-
ry or other compensation shall be included IN
estimating the annual gains prohts or income
Of the person to, whom the same shall nave
been paid, and shall include that portion OF
any income or salary upon which tax has
not been paid by the employer, where the en-
ployer is required by law to pay on the excess
over $1,000; provided also, that III computing
the income Of any person, corporation, COM
pany OF association, there shall not be included
the amount received from any corporation,
company or association as dividends upon me
stock Of such corporation, company or assOtla-
ton, If the tax Of per cent has been pald
upon its net profits by said corporation, COM
pany or association as required by this act
Must Report His Profits.
Soc. SO. That it shall be the duty Of all per-
sons of lawful age having an income OF moro
than $500 for the taxable year, computed on
the basis herein prescribed, to make and rem
der n list or return, on or before the day pro-
vided by law, in such form and manner as may
be directed by the commissioner OF internal
revenue, with the approval Of the secretary OF
the treasury, to the COLLECTOR or n deputy col
lector Of the district in which they reside, or
the amount Of their income, gains and prOhts
as aforesaid. And all guardians and trustees,
executors, administrators, agents, receivers
and all persons or corporations acting IN any
flducaTy capacity, shall make and render n
list or return, rs aforesaid, 10 tho collector or
n deputy collector of the district in which
such person acting in fiduciary ca
pacity resides or does business, Of tho
amount of income, gains and profits OF any
minor or person for whom they act, but per-
sons having less than $500 income are not re-
quired to make such report, and the collector
or deputy collector shall require every
list or return to be verified by the
oath or affirmation Of the party rem
nd q
any list or return II he has reason to believe
that the same il understated, and In case any
such person having taxable income shall neg
leCt or refuse TO make and render such Inst
and return or shall render willfully false or
fraudulent list or return il shall be the duty Of
the collector or deputy collector to make SUCH
list, according to the best information he can
obtain, by the examination Of such person or
any other evidence and to add 90 per cent
as u penalty to the amount Of the tax due on
such list in all cases of willful neglect or re-
fusal to make and render a list or return, and
in all cases of willfully false or fraudulent
list or return having been rendered to add 100
per cent as penalty 10 the amount OF tax
asccrtaincd to be due, the tax and the addi-
lions thereto as a penalty TO be assessed and
collected in the manner provided for IN other
cases of willful neglect or refusal to render
list or return or OF rendering iaise or fraudu-
lent return.
Provided, That any person or corporation in
his, her, or It's own behalf, or as such tiduciary,
shall be permitted to declare, under oath or
affirmation, the form and manner of which
shall be prescribed by the commissioner Of i'll
ternal revenue, with the approval of the seCre-
tary of the treasury, that he, she or his, her or
its ward or beneficiary was not possessed of an
income of $4,000 liable to be assessed accord
ing to the provisions of this act or may de-
clare that he. she or it, or his, her or its ward
or beneficiary has been assessed and has paid
an income tax elsewhere in the same year. I'M
der authority Of the United States upon all
his her or Its income, gains, or profits, and
upon all the income, gains or profits for which
he she or 1t is liable as such fduCiary, as pre-
soribed by law; and If the collector or deputy
collector shall be satisfied of the truth Of the
declaration, such person or corporation shall
thercupOn be exempt from income tax in the
said district for that year; or If the list or re-
turn of any person or corporation, company or
association shall have been increased by the
collector or deputy collector, such person or
corporation, company or association may be
permitted to prove the amount of income lih-
bic to be assessed; but such proof shall not be
considered MS conclusive of the facts, and no
deductions claimed in such GASES shall be made
or allowed until approved by the collector or
deputy collector.
Any person or company, corporation or assO-
citation feeling aggrieved by the decision of the
deputy collector In such cases may appeal to
the collector Of the district, and his decision
thereon, unless reversed by the commissioner
of internal revenue, shall be final If dissatis-
fled with the decision of the collector such per-
son or CORPORATION, company or association
may submit the case, with all the papers, t.
the commissioner of internal revenue for his
decision, and may furnish the testimony Of
witnesses to prove any relevant facts, having
served notice to that effect upon the commits
siOnerof internal revenue, as herein prescribed.
Such notice shall state the time and place at
which, and the officer before whom the testi-
mOny will be taken; the name, age, residence
and business of the proposed witness, with the
questions to be prOpOunded to the witness or II
brief statement of the substance of the test T.
mOny he is expected to give. Provided, that
the government may at tho same time and
place take testimony upon like notice to rebut
the testimony OF the witnesses examined by
the person taxed
The notice shall be delivered or mailed TO
the commissioner of internal revenue a sutli-
Gent number of days previous to the day fixed
for taking the testimony to allow him after
It's receipt at least five days. exclusive of the
period required for mail communication with
the place at which the testimony is to be TAX
en-, in which to give, should he so DESIRE in
struCtlons rs TO the cross examination Of tie
proposed witness.
Whenever practicable, the affidavit or depo-
sltlon shall be taken before collector or dep
uty collector Of Internal revenue, in which case
reasonable notice shall be given TO the collector
or deputy collector of the time fixed for takiup
the deposition or AFFIDAVIT.
Provided further That no penalty shall be
assessed upon any person or corporation, COM
pany or association for such neglect or refusal
or for making or rendering willfully false or
fraudulent return, except after reasonable no
tce of the time and place OF hearing, TO be pre-
sCrlbed by the commissioner of internal rev
cnue, 50 as 10 give the person charged an Oh.
portunity to be heard.
Sec. 81. That every corporation, company or
association doing business for profit shall make
and render TO the collector of its collection dis