Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-06-13
4. S. INCOME TAX.

nUDLIC attention is called to tho laws of the
United States, approved July 1862, in relation
10 the excise tax, &C., and particularly the Goth
section, page 81. By careful examination OF
that section of the law i. will lie observed that the
law contemplatcs that all persons shall pay ma
tional tax ON all gains, profits, or income derived
from any source whatever, less 5000, and except
us therein excepted. lfthe gain, profit or income
exceed $500 and does not cXceedten thousand dol
lars, Il duty Of three per ccntuni, 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, n 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 accrung upon any property, securities and
stocks owned in the United States, by any citizen
Of the United States residing abroad, except us
therein excepted there shall be levied collected
and paid duty of five per centum.'
The DIST section provides That in estimating
said annual gains, profits, or income, whether
subject to duty, lis provided in this act of three
per centum, or of five per centum, all other ma
tional, state and local taxes lawfully assessed upon
| the property or other sources of income of any
person us aforesaid, which said annual year i
profits or income of such person is or should be
divided shall he first deducted from the gains,
profits or income Of the person or persons who ac-
tually pay the same" The public are referred to
the section for other exceptions: "And the duty
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 for
levyng and collecting said duty, TINT is 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 is referred to.
The 92d section provides: 90 That the duties
on incomes herein imposed shall be due and pay
able on before the thrticth day of June, 1863"
&C., with the penalties annexed upon non-pay-
ment, which the public are respectfully referred
to, and also, section 93, in relation to the parties
that should make returns, &c.
From the above and the law it is apparent that
it will be the duty OF every person or .ons lia
BILE TO the income tax, to make up hi, or their
| counts OF gains, profits, or income, from every
source whatever, that they may be enabled to rem
der to the assistant assessors, 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, rs each person
will lie required IN every case TO certify that II Is
q true and faithful statement of their gains,
profits, or income, whether derived from any kind
of property, rents, interests, dividends, salary
from any profession, trace, employment, or vocal
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 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 extravagantly.or otherwise con-
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 GOO dollars.
The income tax for the year 1862, Is asscssable
on the first day of May 1868, and is due and pay
able on or before the 3Oth 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,
U. S. Assessor for District of Washington Tel.
Office Of the U. s. 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 &C
counts to this Office. [23-tf]