The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1894-10-15


son be owner. tenant or mortsager; also
losses actusiiy sustained d1:ins the year
incurred i'm trade, arising from fires,
/ storm shipwreck, and not compensated
for by insurance or otherwise but excluding
/ all estimated depreciation of values and
losses within the year sales of real es
tate purchased within two years previous
/ TO The wear for which income is estimated"
The following section OF the law provides
for those whose income is above $500 ana
/ under $1,000:
1t shall be the duty of all persons of
1 lawful age having an income of more than
( 5S0 Tor the taxable year, computed on
/ the bases herein prescribed, TO make and
render 4 list or return on or before the dav
1 provided 10y Law, TO the collector or deputy
| collector Of the district in which they re
| side. of the amount of their income. gains
anu Trofits. aforesaid; and all guard
Et'ls and trustees. executors. admin stra-
| tors. agents AMI receivers ard all person
| or corporations acting in a iiduciary capaci-
I ~ shall make ana render Il list a. return.
as aforesaid. to the collector or "a deputy
collector in the manner prescribed; but per
sons having less than $500 income are MT
required 10 make such report: and the col
lector or deputy collector shall require every
list or return To he verified by tl.c oath or
affirmation Of the party re,.erins it. and
may increase the amount az any list or 'e-
tbrn ii he has reason To believe tha. the
same Is Gndcrstatel: and i'm case any such
Ieraon shall neglect Or rrfsls,, 20 make
and rcnder such list d. return or shah rem
der u willruly FALSE or frau.iGlsns list o.
return. ii shall be the duty o. the colerto"
or deputy collector 40 :lalG such list, nc
corning to the best Information he can
obtain. by the examination of such pcrson.
or any ether evidence. ana to ada 20 per
centum a penalty 10 the amount OF tax
due on such list
The person thus taxed. however. is al
lowed ia appeal such excuse or reason as
may tcnd to remove the penalty and the
commissioner of internal revenue viii pass
upon the merits Of The controversy.
The first tax on incomes viii be due and
payable on the 1st of July. 1885.
Mercantile establishments of every Kind
are included under the operation of the
Law rs appears from tho following section:
There shall be assessed. levied and col
lected a tax OF = per centum annually on
ihc net profits income. above actual on
,rrting and business expenses, OF all banks,
banking institutions. trust companies. say
ing institutions. fire. marine. life and other
insurance companies, railroad, canal, turn
pike canal navigation, stock, water, tele-
Phone. telegraph. express. electric light.
gas. wafer. street railway companies, o"
associations doing business for profit in
the United States, no matter how created
o. organized, but not including partner
ships
II the officers of the corporation fail 20
make = proper return as authorized by law,
tie corporation. company or association in
default will forfeit ~ Il penalty the sum
Of Sl0j0 ana , per centua on the amount
o. taxes due for each month until the same
is paid.
The law then proceeds to specify a num-
Der Of exemptions:
Nothing; herein contained shall apply to
states. counties CT municipalities; nor Z
organized and conducted solely for charita
ble religious or educ atoual purposes, in
Guiding fraternal beneficiary societies. or
dcrs or associations, operating upon the
lodge system and providing for tn" payment
of life, sick. accident and other benefits
to the members 81 such societies, ORDERS
or associations. nor to the stocks, shares,
funds or securities held by any hducidfy
or trustee for charitable. religious or edu-
saticnal purposes: rel 10 building ANA loan
esociations or companies winch make
loaEs only - their shareholders: nor 70
thsir nature and purpose entiI5 tGein l Is
special exemption
Every salaried Office OF the United states
government, whose income is In excess OF
I.U@. comes under the operate OF ;he Ia"
This is here explained:
..There shall DE levied. collected and pail
on All salaries Of officers or payments for
services Ia persons in the ciTil, military.
naval or other employment or service of
the government, inclIiing senators ana
representatives and delegates in congress,
when exceeding the rate of SiCGu per an
num- a tax of per centum GA the excess
above the said $i,e0l; ana il shall be me
duty og all paymasters aud all dishursinS
officers under the government of the United
States. or persons in the employ thereon,
when making any payment 10 any officers
or persons as aforesaid. whose conpensa-
ton IS determined 10y nxed salary. or upon
settling or adjusting the accounts 81 snch
officers or persons, to deduct end withhold
the aforesaid tax OF per c"atum.'
The law goes on to specify chat no col
;erting officer shall divui~t or make known
tn. cnars ions style Of weak or apTa r3tus
Of any manufacturer or producer visited
IN him I'm Tho DISCHARGE of his cfi,ial du-
ties or the amount or source of iAconic re
lIlvaad by any person or corporation. Any
such information win he regarded MS = mis-
,if ris.. amor ana shall b. punished IS 4 fin
not exceeding 81 ,Glo or by in prisunment
not exceeding one yccr. o. both; aad the
offender SHAH be dismissed from Ollie 22d
ma e Incapable OF holding any Office Under
The government"
This is p Iull summary Of the lax that
will 20 into effect on the jat OF January.
1885, and one that viii no doubt illustrate
the efficiency Of a wise. economic. umpnr-
tial and democratic administration oil she
government.
Is the bread bitter? II contains alum %ou
may BE- sure Bread raised with Or. Prices
Cream Baking Powder is always sweet and