Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-04-25
us. INCOMB TAX

nUBLIC attention IL called 10 the laws Of the
United States, approved July 1882, IL relation
to the excise tax, &C., and pareenlasly the Soth
section, page sl. By { careful examination u
that section Of the law it will lie observed that the
law contemplates that all persons shall pay . ma
ti0nal tax on oil gains, pr06ts, Or income, derived
from any source whatever, less $500, and except
as therein excepted. If the gain, profit or income
exceed $69Oand does not exceed ten thousand dol
lars, o 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 e
said income exceed the sum Of ten thousand dol
lars, a duty of five per centum upon the amount
thereof exceeding six hundred dollars, and upoa
the annual gain, profits, or income, rents and div
idends accruing upon any property, securities and
stocks owned in tue United States, BY any citizen
of the United States residing abroad, except -
therein excepted, ''thcre shall be levied collected
and paid a duty Of Eve per centum."
The 9lst section provides That In estimating
said annual gains, profits, or income, whether
subject to a duty, as provided In this act Of three
per centum, or Of five per ~centu,n, all other ma
tional, state and local taxes lawfully assessed upon
the property or other sources Of iRcome OF any
person as aforesaid, which said annual years
| 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 arc referred to
the section for other exceptions: sand 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 tho time for
levying aud collecting said duty, that !. to say:
on the FIRST day Of May, eighteen hundred and
sixty-threc, and in each year thereafter ;" subject
to the proviso in said section which 10 referred 70.
The 02d section provides: THAT the duties
on incomes herein imposed shall be due and pay.
able Oh or before the thirtieth day Of June, 1885,"
ment, which tho public are respectfully referred
to, and also, section 90, 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 persons lia-
BILE to the income tax, to make up his or their &C.
counts OF gains, profits, or income, from every
source whatever, that they may be enabled to rem
der to- the assistant assessors, on or before the 6rst
day of May, 1863, an intelligent account Of their
gains, profits and incomes from any and all sources
whatever. And particularly SO, as each person
will be required IN every case to certify that It 10
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 tho
first day Of January to the 3lst day of Dec, 1861,
both days included. 1t will be observed that the
law does not intend to lay a duty upon what a man
necessarily consumes in living, it therefore 10
wisely provided that 600 dollars shall be exempt
from this tax, yet it is equally clear that II . maa
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 q tax on all over GOO dollars.
The income tax for the year 1862, is assessable
on the first day of May, 1869, aud is due and pay
able ON or before the 3Oth June, 1868, and any
sums due and unpaid for thirty days after the 3oth
June, aforesaid, aud 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 Ter.
Office of the U. 8. Assessor, for the
District Of Washington Territory,
Olympia, April II, 1863.
The Washington Statesman and Golden Age viii
copy the above one month, and forward their &C.
counts to this Office. C23-tf1