Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-10-03
U. 8. INCOME TAX.

II
Il United States, approved July 1862, in relation
u the excise tax &C., and particularly the Goth
section, phge 81. By careful examination of
that section Of the law it will lie observed that the
law contemplates that all persons shall pay ma
tonal tax on all gains, profits or income, derived
from any source whatever, less $500, and except
as therein excepted 1.-THE gain, profit or income
exceed 5000 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, duty Of five per centum upon the amount
thereof exceeding six hundred dollars, and upon
the annual gain, profits, OF income, rents and div
idends 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 legied collected
and paid duty Of FIVE per centrum"
The 9lst section provides: THAT in estimating
said annual gains, profits, or income, whether
subject to duty, as provided in this act of three
per cen.um, or Of Ave per centun, oil other ma
tiona state and local taxes lawfully assessed upon
the property or other sources of Income of any
person as aforesaid, which said annual year .
profits or income Of such person is or; should be
divided, shall be frs; deducted from. the gains,
profits or income Of the person persons who ac-
tualy pay the same" The public are referred to
the section for other cxccptions "And the iuty
herein provided for shall be assessed and colectc
upon the income for the year ending the hiy
first day of December next preceding the tim 90
leyying and collecting said duty, that is to say,
on the first day of May, eighteen hundred and
sixty-thrcc, and in each year thereafter" subject
to the proviso in said section which is referred TO-
The 92J section provides: ''That the duties
on incomes herein imposed shall be due and pay
able or before the thrtieth 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 tho law, it is apparent that
it will be the duty Of every person or per.ons lia-
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 be enabled to rem
der to the assistant assessors or before the first
day Of May, 1868, an intelligent account Of their
gains, profits and incomes from any and all sources
whatever. And particularly SD, as each person
will be required IN every case to certify that it Is
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 3lst day of Dec, 1862,
both days included. 1t will be observed that the
law does not intend to lay a 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 II man
chooses to live extravagantly, or otherwise con-
sumo or expend treble that amount, or the entire
amount Of his gains, profits, income, he is still
liable to pay a tax on all over 600 dollars.
The income tax for the year 1862, is asscssable
the first day Of May, 1868, and is due and pay
able on or before the Both June, 1863, and any
sums due and unpaid for thirty days after 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, ~
US. Assessor for District of Washington Tel.
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 munth, and forward their &C.
counts to this Office. 23-M.