Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-07-04

nUBLlC attention 10 called to the laws Of the
United States, approved July 1881, in relation
~ the excise tax, &C., and particularly The Goth
section, page 81. BY q careful examination of
that section Of the Law it will lie observed that the
law contemplates that all persons shall pay . ma
ti0nal tax oil gains profits, or income, derived
from any source whatever, less $500, and except
as therein excepted. 1.-THE gain, profit or income
exceed $500 and does not exceed ten thousand dol
lars, duty Of three per centum, on the amount
of such annual gain, profit, or income, over and
above the said sum of six hundred dollars and II
said income exceed the sum Of ten thousand dol
lars, a duty of five per centum upon the amount
thereof exceeding six hundred dollars, and upon
the annual gain, profits, or income, rents and div
idends accruing upon any property, securities ana
of the United States residing abroad, except as
therein excepted, ''there shall be levied collected
and paid duty Of FIVE per centum."
The slst section provides: "That in estimating
said annual gains, profits, or income, whether
subject to duty, as provided in this act Of three
tiona, state and local taxes lawfully assessed upon
the property or other sources Of Income Of any
person as aforesaid, which said annual years
profits or income of such person is or should be
divided, shall be first deducted from the gains,
profits or income Of the person or persons who &C
the section for other exceptions: "And the 1uty
herein provided for shall be assessed and collected
upon the income for the year ending the thirty
first day Of December next preceding the time 70
levying and collecting said duty, that IL to say,
on the first day Of May, eighteen hundred and
sixty-three, and in each year thereafter" subject
to the proviso in said section which IL referred to-
The 02d section provides: "That the duties
on incomes herein imposed shall be due and pay
able before the thirtieth day Of June, 1868,
&C., with the penalties annexed upon non-pay-
ment, which the public are respectfully referred
to, and also, section SO, in relation to the parties
that should make returns, &c.
From the above and the law, II is apparent that
it will be the duty Of every person or persons a-
BILE the income tax, to make up his or their &C.
counts Of gains, profits, or income, from every
source whatever, that they may be enabled to rem
der to the assistant assessors or before the first
day Of May, 1863, an intelligent account Of their
gains, profits and incomes from any and all sources
whatever. And particularly SO, as each person
will be required IN every case to certify that it Is
a true and faithful statement of their gains,
profits, or income, whether derived from any kind
Of property rents interests, dividends, salary, or
from any profession, trace, employment, or voca-
ton, or from any other source whatever, from the
first day of january to the 3st day of Dec, 1862,
both days included. 1t will be observed that the
law does not intend to lay duty upon what man
necessarily consumes in living, It therefore Is
wisely provided that coo dollars shall be exempt
from this tax, yet 1t is equally clear that II man
CHOOSES " uVe eXtr'NukHntiy, UT OtucrwSe COu.
sumo or expend treble that amount, or the entire
amount of his gains, profits or income, he is still
liable to pay tax on all over 600 dollars.
The income tax for the year 1862, is asscssab!e
on the first day Of May, 1863, and is due and pay
able on or before the 3Oth June, 1868, and any
sums due and unpaid for thirty days afcr the 30th
June, aforesaid, and ten days after demand by the
Collector, FIVE per centum will be added to the
amount unpaid.
JOHN G. SPARKS,
U. s. Assessor for District Of Washington Te, l..
Office of the U. s. Assessor, for the \
District of Washington Territory,
Olympia, April II, 1868.
The Washington Statesman and Golden Age will
copy the above one month, and forward their &C.
counts to this Office. r23-tf1