Pamphlets on Free Trade Volume 10 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1891 Excerpt: ... beef, mutton, or other meats, hay and grain or other vegetable or other productions, being the growth or produce of the estate of such person, less the amount expended in the purchase or production of said stock or produce and not including any part thereof consumed directly by the family; money and the value of all personal property acquired by gift or inheritance; all other gains, profits, and income derived from any source whatever, except the rental value of any homestead used or occupied by any person or by his family in his own right or in the right of his wife: and the share of any person of in the gains and or profits of all companies, whether incorporated or partnership, who would be entitled to the same, if divided, whether divided or otherwise, except the amount of income received from institutions or corporations whose 281 officers, as required by law? withhold a per centum of the dividends. interest, gains, profits, and income, made by such institutions, or corporations, and pay the same to the officer authorized to receive the same; and except that portion of the salary, compensation, or pay received lor services in the civil, military, naval, or other service of the United States, including Senators, Representatives, and Delegates in Congress, from which the tax has been deducted, and except that portion of any salary upon which the employer is required by law to withhold, and does withhold, the tax and pays the same to the officer authorized to receive it. In computing incomes the necessary expenses actually incurred in carrying on any business, occupation, or profession shall be deducted, andalso all interest due or paid with in the year by such person on existing indebtedness. And in addition to fone/owr thousand dollars, exempt from incom..