Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-09-19
u. 8. INCOME TAX.

DCBI.lC attention is called to the laws of the
United States, approved July 1862 in relation
to 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 conemplatcs that all persons shall pay ma
tonai tax on all gains. profits, or income, derived
from any source whatever, less 5000, and except
rs 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 if
said income exceed the sum of ten thousand dol
lars, a duty of five per ccntum upon the amount
thereof exceeding six hundred dollars, and upon
the annual gain, profits, or income, rents and div
iichdS accruing upon any property, securities and
stocks owned in the United States, by any citizen
of the United States residing abroad, except as
therein excepted, there shall be levied collected
and paid duty of five per centum.''
The 9lst section provides That in estimating
said annual gains. profits. or income, whether
subj ct toa duty rs provided in this act of three
per ccutum, or OF five per centum, all other
tonal 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 tho gains,
profits or income of the person or persons who ac-
iuay pay the same" The public are referred to
the section for other exceptions: "And the duty
l
upon the income for the year ending the thirty
first day of December next preceding the time 70
evying and collecting said duty, that is to say,
the first day Of May, eighteen hundred and
siyty-three, and in each year thereafter" subject
to the proyiso in said section which is referred to.
The 92l section provides: ''Thut the duties
on incomes herein imposed shall be due and pay
able before the thirtieth day Of June, 1863"
&c., with the penalties annexed upon non-pay-
ment, which the public are respectfully referred
to- and also, section %, in relation to the parties
that should make returns, &c.
From the above and the law, il is apparent tia.
i, vii! he the duty of every person persons La
bic TO the income tax. to make up his or their ac-
counts of gains, profits, or income, from every
source whatever, that they may he 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
Il 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, trat G, 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 600 dollars shall be exempt
from this tax, yet it is equally clear that if man
chooses to live cxtrayagantly, or otherwise COLI
sumo or cXpend 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 assessable
on the first day of May, 1868, and is due and pay
able on or before the 30h June, 1863, and any
sums due and unpaid forthirty days after the both
June, aforesaid, and ten days after demand by the
Collector, five per centum will be added to the
amount unpaid.
JOHN G.. SPARKS,
T. S. Assessor for District of Washington Ter.
Office of the L. :. Assessor, for the
District of Washington Territory,
Olympia, April II, 1863.
The Washington Statesman and Golden Age will
copy the above one month"; and forward their ac-
counts to this Office. (o3-tf.]