Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1911-08-04

ON 10S7n-7 Of this act, the income Of
wife shall be added to the income o.
er husband, and the income OF eacn
hid under eighteen years Of age to that
it's parent or parents, when said wife
7 child is not living separately from said
usband, parent or paernts -
IAN and building association, or OF any
eligious, scientific, educational beneVo-
9nt or other association Of individuals not
rganized or conducted for pecunlary
roflt.
3. Incomes derived from property and
rivileges by persons now REQUIRED by law
. pay taxes or license fees directly into
ne treasury Of the state in lieu Of taxes.
nd such persons shall continue to pay
axes and license fees as heretofore.
A. Income received by the United
tates, the state and all counties, cities.
illages, school districts or other pohtlcal
nits of this state.
Section 1087m-6. /. The tax to be as
essed levied and collected upon the In
ONES Of ali persons except as other
Use provided by law, after making such
eductiOns and exemptions as are here
nbefOre allowed, shall be computed at the
Glowing rates, tO-Wit!
(a) On the first one thousand dollars
taxable income or any part thereon, at
he rate of one per cent;
o. On the second ono thousand dollars
any part thereof, one and one-fourth
er cent;
lc) On the third one thousand dollars
N-~O-~
(dj On the fourth one thousand dollars
T an ypart thereof, one and three-tourtns
1e) Oh the fifth one thousand dollars
any part thereof, two per cent
(f) On the sixth one thousand dollars
any part thereof, two and onehaf pei
emit;
ars or any part thereof, three per centl
C1) On the eighth one thousand dollars
+ any part thereof, three and onehaR per
Is On the ninth one thousand dollars
4 any part thereof, four per cent;
Cd On the tenth one thousand dollars
any part Thereof four and one HAN p9r
CSi On the eleventh one thousand dol
lrs or any part thereof, five per cent?
% On the twelfth one thousand dol
ars or any part thereof, five and onehan
Ier cent; =,
.Ecess OF twelve thousand dollars, six per
2, Providing. however that the tax to
e assessed, levied and collected upon the
lcomes Of corporations Joint stock com
anies or associations after making dus
Iowance for deductions as here1nbetore
rovided shall be computed at the 1oLo"-
ug rates, to-Wit;
CT cent or less of the assessed Value OF
he property used and employed IN the
cdufsitfon OF such income, the rate OF
* shall be one-haR Of one per cent OF
uch income,
Is If the taxable income equals more
nan cns but does not exceed Two per
emit Of the assessed value OF the proper
used and employed IN TIE &cq tbaIl be
ne per cent of such income.
(c) If the taxable income equalS more
nan two, but does not exceed three per
mt Of the assessed value OF the properly
,1yN10 N
UGH income, the rate OF the tax shau De
me- and One-half per cent OF such income
(d) If the taxable income equals more
aan three, but does not exceed lout PSA
..nt of the assessed value Of the property
sed and employed in the acQulsltlon o1
uch income, the rate Of the tax shan oe
Wo per cent Of such income.
(o) If the taxable income equaas Il '3as.
nan four but does not exceed TlVe Per
mt Of the assessed value or the prop
rty used and employed in the acqulSltlom
such income the rate OF the TAX Snail
G two and one-half per cent OF such IN
rs If the taxable income equals more
han five but does not exceed SIX Per
mt of the assessed value Of the property
sed and employed in the acct u
uch income, the rate tax snail De three
er cent of such income
(g) And in like manner the TAX upon
he taxable income snail commune 10 III
rease at the rate Of one-haH or one per
fractional part thereof that the taAdDlS
income bears to the assessed value OF tno
property used and employed IN tne ~
nlisition Of such income, until ing rats
# profits EQUALS twelve per cent or such
assessed value of the property used ana
,mnIoyed in the acquisition or such IN
ONE. when such rate shall continue as a
unconditional rate of six per cent or SUCH
axabe income. ~ ,,,4 =.
ends subsection 2, of section 1061m-o OF
his act, to be q separate paIt tnol gu yn
81 that said subsection may fall or pc QS-
Jared invalid without adversely aIleCLln9
nv other part of the act; provided that
IN event Of it's failing or being decIaLSu
invalid the incomes Of corpOratiohs' J3lI1Ii
took companies and associations sha1l
,o subject and shall be construed 10 nave
zen subject to taxation at the raLes
.,naCified in subsection /, OF section 1Oot M!
& and said incomes shall be reasseessed
Nv the tax commission and taxed LOT Inc
years for which the rates pToVaaoeo ana ~ II
subsection z, or SecIlon 1V0'Hi0' @A'A
section 1oS7m-S. l. The state shall be
,i,-idea into assessment districts by the
tate tax commission, but IN no lAS'S]AA"S
hall a county be divided A.
Not less than thirty days prior 10
he first Of March, 1912, there sha1 De
Elected and appointed by the state LAX
commission an assessor OF incomes ef5te z4 to1
hall hold office for term OF three years
Hess sooner removed as hereinafter pro-
ided. Such assessor shall be cluAen
nd an elector Of this state, but need not
a resident Of the district in Whlcn ne
anpointed to serve; provided, however,
gaf SO far as practicable, preference shali
a given in making such appointments 10
,sidents Of the districts. ~,
2 The tax commission may IN It's dls-
-.afinn transfer any assessor OF incomes
.Sn one district to another and may re-
,0ve any assessor Of incomes or MS os-
uty from office. - u..4io. u,,o,,
SCISSOR of incomes shall subscribe 10 the
Institutional oath and file the Same III
,n office Of the secretary OF state
K Tho state tax commission may au-
0rize any assessor of incomes to appoint
7ch deputies and other assistants as may
raGl1ired for the proper performance on
g duties. Such deputies shall qualty
like manner and possess the same pow
& as the assessor. ~
Scction 1O87m-9. The salaries or the
.oss0rs of incomes and their deputies
II assistants shall be hxed oy tne
10 +ax commission. but such salaries,
e,other with the expenses OF such as
ssors and their deputies and ASSIST
rs shall not in any year exceed ~
nount five cents for every thousano
liars Of the valuation or ali property
fixed by the tax commission AZ lnS
otn assessment Of the preceding year.
Ie assessor shall be furnished al neV-
sary printing, stationery ah9 p"Sso
and he and his deputies shall De
5t$+IoS 70 receive their actual neC6s-