Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-05-16
ID. q. INCOME TAx.

/ DUBLlC attention 70 called 70 the lAWo efthl
Il United States, approved July 1854, In relasles
section, page 81. By = careful exanisatiea q
that section Of the law II will 10 observed that ~
! law contempates that ell persons shalt pay u.
tional tax on ell gains profits or income, derived
from any source whatever, less 5000, and except
a. therein excepted. 1.-THE gain, profit Or ineons
exceed $500 and does not exceed ten thousand dol.
4 lars, duty OF three per centum, on the anount
OF such annual gain, profit, OF income, ovss aAd
above the said sum Of six hundred dollars and Y
said income exceed the sum Of ten thousand dol.
lars, duty Of Eve per ceUGum 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 10
therein excepted, there shall be levied collected
and paid duty Of Eve per centum.''
The 9lst section provides That In estimatluR
said annual gains, profits, or income, whether
subject to duty, as provided in this act Of three
per centum, or Of Eve per centum, all other ma
tiona, state and local taxes lawfully assessed upon
the property or other sources Of iAcome Of any
person as aforesaid, which said annual years
profits or income of such person 10 or should b
divided, shall be first deducted from the gains,
profits or income Of the person or persons who ae.
tually pay the same" The public are referred to
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
lsvying and collecting said duty, that Is to say,
on the first day Of May, eighteen husdred and
sixtythree, and in each year thereAfter:" subject
to the proviso in said section which 10 referred TO-
The 02d section provides: ]" That the duties
able on or before the thirtieth day of June, 1885,
&C., with the penalties annexed upon non-pay.
ment, which the public are respectfully referred
to- and also, section 3d. in relation to the parties
that should make returns, &c.
From the above and the law, it IL apparent that
1t will be the duty OF every person or persons la.
BILE 10 the INCOME tax, to make up his 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, la63, an intelligent account Of their
gains, profits and incomes from any and oil sources
whatever. And particularly SO, as each person
will be required In every case to certify that it 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. trace, employment or voca-
ton, or from any other source whatever, from the
first day of January to the 3lst day Of Dec, 1909,
both days included. 1t will be observed that the
law does not intend to lay duty upon what man
necessarily consumes in living, 1t therefore II
wisely provided that GOO dollars shall be exempt
from this tax, yet it is equally clear that II man
chooses t. live cxtravagantly, or otherwise con-
sumo or expend treble that amount or the entire
amount of his gains, profits, or income he 10 still
liable to pay a tax on all over 600 dollars.
The income tax for the year 1862, is assessable
on the first day of May 1863, and is due and pay
able on or before the 30th June, 1863, and any
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 10 tho
amount unpaid.
JOHN G. SPARKS,
u. S. Assessor for District of Washington Tel.
Office Of the q. S. Assessor, for the
District Of Washington Territory,
Olympia, April II, 1868.
The Washington Statesman and Golden ASs will
copy the above one month, and forward their ac-
counts to this office. (23-tG1