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Even in 1862, there were income taxes.
Thus, I'm betting that even in 1862, there were income tax accountants who snuck off for a few days instead of doing taxes.
Thus, sometime tomorrow evening, I'll turn off my calculator and head down to Dauphin Island, to Fort Gaines and their Artillery Camp of Instruction. I'll have hand knit goods, period dyed yarns, and various and assorted other plunder for sale.
One or two addled Alabama weathermen have actually mentioned the word snow that far south. Should such miracles fall from the sky, I'll be inside the laundress quarters, in the back of the building where are the uniforms are on exhibit.
And if tax matters now were as straightforward as tax matters then, I'd be getting a lot more knitting done :D
INCOME TAX FOR 1862.
The Income Tax is imposed upon a certain proportion of the income of these two classes, viz:,
1st. Every Person residing in the United States; and every citizen residing abroad who is in the employment of the Government of the United States.
2nd. Every citizen of the United States residing abroad, and not in the employment of the Government of the United States.
Every person in the first class will be taxed at the rate of three per cent. when his or her annual gains, profits, or income exceed $600, and do not exceed $10,000.
Every person in the first class will be taxed at the rate of five per cent. when the annual gains, profits, or income exceed $10,000, after the following deductions are made from the gross amounts returned (as per table, page 2) viz:
1st. The $600 allowed by law.
2d. Other national, State, and local taxes assessed for 1862, and paid.
3d. Rent actually paid for the dwelling house or estate occupied as the residence of the person assessed.
4th. Necessary repairs to property yielding the income; or insurance thereon; or pay for hired laborers, and their subsistence, employed in conducting his business; or interest on incum- brances upon the property; or all, as the case may be.
Every person in the second class will be taxed at the rate of five per cent., whatever may be his or her annual gains, profits, or income from property, securities, and stocks owned in the United States, without other deductions then numbers 2 and 4 stated.
Whenever the taxable income of a resident in the United States, ascertained as above, exceeds $10,000, and upon a portion of said amount three per cent. has been withheld by the officers of companies, corporations, and associations, from interest or dividends therein due him, such income will be subject to a tax of two per cent. by the officers of the companies, corpora- tions, or associations, aforesaid.
But in no case, whether a person is subject to a tax of three or five per cent., is a higher rate of tax than 1½ per cent. to be collected from that portion of income derived from interest upon notes, bonds, or other securities of the United States.
Where a husband and wife live together, and their taxable income is in excess of $600, they will be entitled to but one deduction of $600, that being the average fixed by law as an estimated commutation for the expense of maintaining a family. Where they live apart, by divorce or under contract of separation, they will be taxed separately, and be each entitled to a deduction of $600.
Thus, I'm betting that even in 1862, there were income tax accountants who snuck off for a few days instead of doing taxes.
Thus, sometime tomorrow evening, I'll turn off my calculator and head down to Dauphin Island, to Fort Gaines and their Artillery Camp of Instruction. I'll have hand knit goods, period dyed yarns, and various and assorted other plunder for sale.
One or two addled Alabama weathermen have actually mentioned the word snow that far south. Should such miracles fall from the sky, I'll be inside the laundress quarters, in the back of the building where are the uniforms are on exhibit.
And if tax matters now were as straightforward as tax matters then, I'd be getting a lot more knitting done :D
INCOME TAX FOR 1862.
The Income Tax is imposed upon a certain proportion of the income of these two classes, viz:,
1st. Every Person residing in the United States; and every citizen residing abroad who is in the employment of the Government of the United States.
2nd. Every citizen of the United States residing abroad, and not in the employment of the Government of the United States.
Every person in the first class will be taxed at the rate of three per cent. when his or her annual gains, profits, or income exceed $600, and do not exceed $10,000.
Every person in the first class will be taxed at the rate of five per cent. when the annual gains, profits, or income exceed $10,000, after the following deductions are made from the gross amounts returned (as per table, page 2) viz:
1st. The $600 allowed by law.
2d. Other national, State, and local taxes assessed for 1862, and paid.
3d. Rent actually paid for the dwelling house or estate occupied as the residence of the person assessed.
4th. Necessary repairs to property yielding the income; or insurance thereon; or pay for hired laborers, and their subsistence, employed in conducting his business; or interest on incum- brances upon the property; or all, as the case may be.
Every person in the second class will be taxed at the rate of five per cent., whatever may be his or her annual gains, profits, or income from property, securities, and stocks owned in the United States, without other deductions then numbers 2 and 4 stated.
Whenever the taxable income of a resident in the United States, ascertained as above, exceeds $10,000, and upon a portion of said amount three per cent. has been withheld by the officers of companies, corporations, and associations, from interest or dividends therein due him, such income will be subject to a tax of two per cent. by the officers of the companies, corpora- tions, or associations, aforesaid.
But in no case, whether a person is subject to a tax of three or five per cent., is a higher rate of tax than 1½ per cent. to be collected from that portion of income derived from interest upon notes, bonds, or other securities of the United States.
Where a husband and wife live together, and their taxable income is in excess of $600, they will be entitled to but one deduction of $600, that being the average fixed by law as an estimated commutation for the expense of maintaining a family. Where they live apart, by divorce or under contract of separation, they will be taxed separately, and be each entitled to a deduction of $600.
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