Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-06-20
u, 8, INCOME TAX.

DUBLIC attention is called to the laws of the
United States, approved July 1862, in relation
u the excise tax, &C., and particularly the 9otli
section, puge 81. Bya careful examination OF
that section of the law it will lie observed that the
law contemplates that all persons shall pay ma
tional tax on all gains, profits, or income derived
from any source whatever, less 5000, and except
as therein excepted. Ifthe gain, profit or income
exceed $500 and does not exceedtcn 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 II
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 and div
idends accruing upon any property, securities and
of the United States residing abroad, except as
therein excepted, there shall be levied collected
and paid duty of five per centum.'
The 9lst section provides That in estimating
said annual gains, profits, or income, whether
subject to duty, provided in this act of three
per centum, or of five per centum, all other ma
tonal 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 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 futy
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
levying and collecting said duty, that is to say.
on the first day of May, eighteen hundred and
sixty-threc. and in each year thereafter:" subject
to the provsO in said section which is referred to.
| The 92d section provides: $" That the duties
on incomes herein imposed shall be due and pay
able on or before the thireth day of June, 1861
&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 is apparent that
| il will he the duty Of every person or persons lia-
BILE to the income tax to make up his or their ac-
counts of gains, profits, or income, from every
source whatever that they may he enabled TO rem
der to the assistant assessors, on or 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 be required every case to certify that it is
| II 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 v0ca-
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 a 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 10 i've eXtraNuRhntiv, OF othcrWtSc COLI
| sumo or expend treble TINT amount, or the entire
amount of his gains profits, or income. he is still
liable to pay a tax on all over GOO dollars.
The income tax for the year 1862, is assessablc
on the first day of May, 1863, and is due and pay
able on or before the 30th June, 1863, and any
sums due and unpaid forthirty days after the Both
June, aforesaid, and ten days after demand by the
Collector, five per ccntum will be added to the
amount unpaid
JOHN G. SPARKS,
U. s. Assessor for District of Washington Tc,
Office of the T. s. Assessor, for the
District Of Washington Territory,
Olympia, April II, 1863
The Washington Statesman and Golden Age will
copy the above month, and forward their ac-
counts to this Office. 23-tf]