THIRTY-SEVENTH CONGRESS. Sess. II. Ch. 119. 1862. 473 the space of thirty days after the time when said list or return ought to Advertise. have been made, as afbresaid, the assistant assessor of the respective dis- m€¤¤· tricts sha!} proceed to estimafe the duties, as heretofore provided in other cases of delinquency ; and in case of neglect or refusal to pay the duties, pemxgv {Or as aforesaid, for the space of thirty days after said duties become due and ¤°§1€°*1 &°· payable, said owner, posscssor, or person or persons having the care or management of said newspapers or publications, as aforesaid, shall pay, in addition thereto, a penalty of Eva per centum on the amount due; and in case of fraud or evasion, whereby the revenue is attempted to be defraudad, or the duty withheld, said owners, posscssors, or person or persons having the care or management of said newspapers or other publications, as aforesaid, shall forfeit and pay a penalty of Eve hundred dollars for each offence, or for any sum fraudulently unaccounted for; and all provis- _Liens, conecions in this act in relation to liens, assessments, and collection, noi; in- °°“”·&°° compatible herewith shall apply, to this section and the objects herein embraced: Provided, That in all cases where the rate or price of advcr- Duty may be tising is fixed by any law of the United States, State, or Territory, it shall added W P¥i¤¤· be lawful for the company, person or persons, publishing said advez·tisements, to add the duty or tax imposed by this act to the price of said advertisements, any law, as aforesaid, to the contrary notwithstanding: Provided, further, That the receipts for advertisements to the amount of what amount one thousand dollars, by any person or persons, firm, or company, pub- <>? receipts Bxlishing any newspaper, magazine, review, or other literary, scientific, news mph' publication, issued periodically, shall be exempt from duty: And provided, Certain news. further, That all newspapers whose circulation does not exceed two thou- papers ¢X<=mp¤· sand copies shall be exempted from all taxes for advertisements.
Igcging duty,
Sec. 89. And be it further enacted, That for the purpose of modifying Repeal of1861, and rcénacting, as hereinafter provided, so much of tan act, entitled "An 45· V? 49 50 act to provide increased revenue from imports to phy interest on the ` public debt, and for other purposes," approved fifth of August, eighteen A”W,I>P· 309, hundred and sixty·0ne, as relates be income tax; that is to say, sections 3m' forty-nine, fifty, (except so much thereof as relates to the selection and appointment of depositaries,) and Hfcy—0ne, be, and the same are hereby, repealed. Sm. 90. And be it further enacted, That there shall be levied, col- Duty 0n;,, Iccted, and paid annually, upon the annual gains, profits, or income of come; every person residing in the United States, whether derived from any kind of property, rents, interest, dividends, salaries, or from any profession, trade, employment, or vocation carried on in the United States or elsewhere, or from any other source whatever, except as hereinafter men- _ ticmed, if such annual gains, profits, or income exceed the sum of six hun- ang E20 dred dollars, and do not exceed the sum of ten thousand dollars, a duty $10,000; 0F three per ccutum on the amount of such annual gains, pmms, or income over and above the said sum of six hundred dollars; if said income exceeds the sum of ten thousand dollars, a duty of five per ccntum upon ifover ${0z000, the amount thereof exceeding six hundred dollars; and upon the annual g‘;;;;‘*Zcfi"'*‘ gains, profits, or income, rents, and dividends accruing upon any property, ’ securities, and stocks owned in the United States by any citizen of the United States residing abroad, except as hereinafter mentioned, and not in the employment of the government of the United States, there shall be levied, collected, and paid a duty of five per centum. · Sec. 91. And be it further enacted, That in estimating sand annual Local and gains, profits, or income, whether subject to 2. duty, as provided in this act, g;h§;S2“§;s;gwdof three per centum, or of five per centum, all other mmorwl, sta·tc, and local taxes, lawfully assessed upon the property or other sources of Tncome PM, r>· 723· of any person as afbresaid, from which said annual gmns, profits, or income 0F such person is or should be derived, shall be first deducted from the v01.. x11. PUB. - 60
