Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-05-30
U. q. INCOME TAN.

nrBLfC attention il called 10 the lawa Of the
United States, approvedJu!y 1862, in relation
to the excise tax, Sc, and particularly thc sDth
section, page 81. Bya careful EXAMINATION OF
that section Of the law it will lie observed that the
law contemp plates that ali persons shall pay IA.
tional tax on all gains, profits oriGcome derived
from amy source whatever. less $500, and except
as therein excepted If the gain. profit or income
exceed $500 and docs not exceed iln thousand doll
| lars, duty OF three per cenium, on the amount
| Of such annual gain, profit, or iacosic, over aud
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, or income, rents rnd div
idends nccrniug upon any property, securities aud
stocks owIei in the United States, Ly any citizen
Of the United States residing abroad, except as
therein excepted, there shall be Levied collected
and paid duty of Gve per ccntum.'
The 9lst section provides: " TIA. in estimating
said annual gains, profits: or income, whether
subject to duty, provided in this act Of three
per centun, or OF i've per ceu,um, all other ma
tiona, state ard local taxes lawfully assessed Upon
the property Or other sources Il income Of any
person az aforesaid, which said annual years
profits Or inrcinc Ct slch person is or should DO
divided, shall be frs. deducted .fota tie gains,
profits or income oi iac person or p.:sjns who NC.
tuuliy pay the ss:!s. Tle papl.c Gre referred to
the section for ot:.r exceptions: " And :Le 'uty
herein provided iJr s,.! be assessed and collected
upon the income for the year ending the thirty.
first day OF December next preceding the time for
levying and collecting said duty, that is to say,
on the FIRST day az May, eighteen hundred and
s:xty-.hree and iu each year th:rSafter:' subje,t
to tc proyiso in said section whisl is referred to.
The ODD section provides: - hat the duties
on incomes herein imposed shall be due aud pay
able before the i.!.gc!h Gay OF June, 1863"
&C., with the p,.ia.ics ann 5ed upon non-pay-
nen;. which the pub,.c re re spsc:.liiy referred
to, and a!so. section 3d. in relation 10 the parties
that SHOULD make ret rms &c.
| From the above Az the Law, it is apparent that
1t will be the Guty OF every person rer.ons lia-
rle 10 the Income tax, TO n,a.e up his or tEcr
counts O! CANA, profits, CT income, frcm every
source whatever, that they may be eaatled to rem
der to the assistant assessors. on or before the first
Gay of May. l3Gc. an Intelligent occoun: Of their
gains, profits AMI Incomes froia any aud all sources
whatever. Aud particularly SO, a3 each person
will he required III every casa 10 ccrty that it IL
a trnc and faithful statement Of their gains,
profits, income: whether derived from any kind
Of property, rents Interests, dividends, salary, or
from any profession. trace, employment or yoca-
ton, or ron my Urtcr sUJIrce from the
first day of January to the 3lst day CT Dec, 1882,
both days included. II will be Observed that the
law does not iGtend to 10y duty upon what man
necessarily consumes il living, it therefore is
wisely provided that Geo dollars shall be exempt,
from this tax. yet it is equally clear that if man
chooses t. live cXtrtvaGuntly, or otherwise con-
sumo or cxpend treble that amount or the entire
amount Of his gains, profits. or INCOME, he is still
| liable to pay tax all over 600 dollars.
| The income lax for the year 1862, is asscssabe
on the first day OF NY, 1885, and is due and pay
able or before The 30th jane, 1853, and any
sums due and unpaid forthir,y days after the 3oth
June, aforesaid, and ten days afer demand By the
Collector, !Te ra: rca:u:a will Lc added to the
amount unpad.
! jon; e. SPARKS,
| Z. S. Assessor f1r District c? Washington TEL.
Office Of the e. $. Assessor. for HE
District of Washington Territory,
| Olympia, april IT, 1893.
The Washington Satess'aa and C2ieitn Age will
copy the nb0y, ,lcn,l, and forward their ac-
couats to ,his-olgc. [23-tc1