Mr. NICHOLSON. I move to amend by adding at the end of the paragraph the following: and provided further. That when any person or persons whose annual income from all sourcesdoes not exceed$1.000s.hall lic posse ss of any sharesof stock or interest in any institution or corporation whose officers have with hold. as required bylaw. l%. of the dividends made by such institutions and paid the sameto the ComrIntRev or other officer authorized to receive the same.such personor persons shall be permitted to prove and declare under oath or affirmation. the amount of their said annual income, and to show by certificate of the officersof said institution or corpo ration. The amount so withholdandpaid over to them. Whereupon the asstassessor.l he shall be satisfied with the proof shall ccrtif the same to the collector of the district. who shul repay to the person or persons entitled the amount so withheld and paid. Mr. Chairman, the object and necessity of.this amendment will be apparent at a glance. The present law has in its practical operation borne most unjustly and partially upon a class of persons who are least able to. suffer such injustice. If it is the purpose of this House to exempt incomes less t inn $1,000 that object should be carried into practical effect. But it is well known that there is a large class of persons of small incomes who have not. under the present law received the benefit of the SO00 exemption, and who will not under this bill enjoy the exemption of $1,000, unless “some such amendment as that which I offer be adopted. They have been oblied to ay a tax of 5%. upon the whole of their income. I refer especially to those whose income is derived from stocks, 6:0, in any corporation or institution the officers of which are reaired by law to withhold from the dividends, c., of the stockholders a certain amount of tax to be paid over to the ComrIntRev. If the amount of income from this source exceeds $1,000, the parties are afforded an opportunity of being credited with the amount; but if the income does not exceed $1,000, no such Opportunity is afforded. The tax is withheld by the bank or other institution; and iinder the present law it is impossible for the (party to recover the tax thus unjustly deducte. This system operates injuriously upon a class of persons composed almost entirely of widows and or phans, whOse investments are made under the order of a court, so that they have no control over the investment. The law in its O oration heretofore has presented this anoma y: that while a certain amount of income has been exempt by law these parties have been unable to get the benefit of that exemption.