Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-10-24
u. s. INCOME TAN.

DCBLIC attention is called to the laws of the
l. United States, approved July 1862, in relation
TO the excise tax, &c, and particularly the Goth
section, page 81. BY u careful examination of
that section of the law it will be observed that the
law contemplates that all persons shall pay ma
t;ohai tax On all gains, prohts, or income, derived
from any source whatever, less 5000, 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 ANIMAL 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, IL duty of five per cen.um upon the amount
thereof exceeding six hundred dollars, and upon
the annual GAIN profits, or income, rents and div
idcnos accruing upon any property, securities and
stocks owned in the United States, by any citizen
of the United States residing abroad, cxcept as
therein excepted, "therc shall be levied collected
and paid duty of five per ccntum'
The DIST section provides "That in estimating
said annual gains, profits, or income, whether
subject toa duty as provided in this act of three
per centu'n, or Of five per ccntum, all other ma
tonal, state and local taxes lawfully ed upon
the property or other sources of ihccnc of any
person aforesaid which said annual year $
profits or income Of such person is or Should be
divided, snail be hrs. deducted from the gains
profits or income Of The person or persons who ac-
tually ply the same The public are referred to
the section FOR other exceptions: "Anh the luty
upon the income for i,ie year ending TIE thirty
first day of December next preceding the time for
lcvying and collecting said duty, that is to say
on the first day OF May, eighteen hundred and
sixty-threc. and in each year tlcrcartari subject
TO the prorso in said section which is referred to-
The 92d section provides: "That the duties
on incomes herein i.nposcd shall be due aud pay
able on or before the tirtie.h day of June 1868"
&c, with the penalties annexed upon ncn-pay-
mcnt, which the public are respectfully referred
to- and also, section 81, in relation to the parties
that should make returns, &c.
From the above ami the law, it is apparent that
it will he the duty of every person or persons li-
bic To the income tax, to make up his their ac-
counts Of rnins, profits, or income, from every
source whatever. thai, they may he eaaL!cl to rem
der to the assistant assessors on or before the first
day of May, lSG;, IN Intelligent GccouE, Of their
gains. profits and incomes from any AND all sources
whatever. And particularly 80, as each person
will bc required IN every to certify that it is
true aud faithful statement of their gains.
profits or Income, whether derived from any kind
Of property rents interests, dividends, salary or
if0sI .ay profession. trace. employment, or vocal
ton, or from any other source Whatever from the
first day Of January to the Il st 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, il therefore is
w;ecy provided that coo dollars shall be exempt
from ihi; tax, We, it is equally clear that il man
chooses 10 live cxtravaganty, or otherwise con-
sumo or expcnd treble that amount, or the entire
amour; OF his gains profits, or income he is still
liable To pay Il tax On all over GOO dollars.
The income tax for the year 1862, is asscssabe
the first day of May. lsG3, aud is due and pay
able on or before the Both June, 1853 and any
sums due and unpaid ior,hirty days after the Goth
June, aforesaid, and ten days after demand by the
Collector, five per centum will be added to the
amoun. unpaid.
JOHN G. SPARKS,
L. S. Assessor for District of Washington Tel
Office of the U. s. Assessor, for thc)
District of Washington Territory,
Olympia. April II. 1863.
The Washington Statesman and Goldcn Age will
copy the above month, and forward their ac-
counts to this o.'irc. L23-tf.l