The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1901-05-31

lined that liabilities can be deducted
by the terms OF the statute In this
connection o U attention 10 called TO
the words of the statute In reference
20 banks. namely: The taxation Of
shares in any such bank. banking asso-
citation or savings institution shall not
be at a greater rate b as assessed
upon other moneyed capital in the
hands OF individual citizens OF this
state, whether such taxation is for
state, county. school or municipal pur-
poses. g Section 4 of the Revenue
Act 1t has been held by our supreme
court that share holders OF stock In
National banks are entitled TO have
their liabilities deducted therefrom and
IL seems that the legislature
TO put other banks on the same footing
You should call the tax payers's at
tention 10 Subdivision IL. Section 80
OF the Machinery Act. which Is as fol-
lows:
IF any person shall, with a view TO
evade the payment of taxes. fail or re-
fuse to give in 10 b assessor or tax
lister. any bonds, notes. claims or 9TH
er evidences of deb which are sub
ject to assessment and taxation under
this act, the same shall not be recov-
rable by action at aw or sui in equity
before any of the courts OF this state
until they nave been listed, and the
tax paid thereon"
Incomes-The list furnished b. the
tax payer must also show his income.
and the tax lister is especially directed
TO see that specific answers are made
in regard to incomes. The blanks for
listing taxes contain these questions.
They are as follows:
What was your gross income during
the twelve months ending June 1st?
From State or L. S. bonds. S........
From salary and fees.....-...- ..-.....
From annuities ............... -.
From trade or profession..-... ....-...
From any other our except
from property taXed......... go.
S........
Subject to the following de-
duction:
From exemption ............. 100000
Income for taxation.......... s........
Should the tax lister fail to require
a specific answer TO eac question in
regard to income, he shall be subject
to a penalty of five dollars for each
question unanswered. and the board OF
county commissioners shall deduct the
amount of he penalty from the COM
pensation due the tax lister, or the
amount may be sued for by any indi-
vidual, one-half of the amount recov-
cred to go to the person bringing the
suit and one-half to the state
Rate of Income TaX-On all gross in
comes as provided in the preceding sec
ton hereof a tax shall be levied as fol-
lows:
On the excess over the amount legal
ly exempted one per cent.
The above tax shall not be levied
upon the income derived from property
already taxed, nor upon incomes less
than one thousand dollars. The in
subject to the above tax are
those derived from property not taxed;
from salaries and fees, public or pri-
vate; from annuitieS; from trades or
professions; and from any other
sources the incomes from which are
not specifically exempted from taxa
ton by law.
Taxes on incomes were first imposed
in North Carolina in 1893, and have
continued in force since; but an exam
ination of the auditors reports will
show that it has never been enforced,
and, in fact, has almost been a dead
This report for 1899 shows that
gross incomes from property not taxed
in the whole state, amounted to only
Sc, 291. 05. and taxes therefrom amount
ed to $314.5S; and for 1900, only 81. $3.50
and the taxes therefrom to S14S. so.
Recognizing this fact, the last legis-
lature made it imperative that each
tax payer answer the specific questions
above and added the penalties for fail
ure of list taker to require it.