Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-04-18
u. s. INCOME TAX.

nUBIIC attention is called to the laws of the
III United States, approved July 1862, in relation
to the excise tax, Sc, and particularly the Goth
section, page 81. BY a careful examination Of
that section of the law it will lie observed that the
law contemplates that all persons shall pay II ma
tiOnal tax on all gains, proits, or income, derived
from any source whatever, less $500, and except
as therein excepted. If the gain, profit or income
exceed $69O.and does not exceed ten 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 if
said income exceed the sum of ten thousand dol
lars, duty of five per ccntum 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 rs
therein excepted, there shall be levied collected
and paid duty of five per ccntum.'
The 9lst section provides d" That in estimating
said annual gains, profits, or income, whether
subject to II duty, as provided in this act Of three
per centuna or Of five per centum, all other ma
tOnal, state and local taxes lawfully assessed upon
the property or other sources of Rcome of any
person 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 referred to
the 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
levying and collecting said duty, that is to say
on the first day of May, eighteen hundred and
sixtythrce, and in each year thereafter - subject
to the proviso in said section which is referred to.
The 02d section provides: :. That the duties
on incomes herein imposed shall be due and pay
able on or before the thrtieth day of June 1863"
&C., with the penalties annexed upon non pay
uaent, which the public respectfully referred
TO, and also, section 93, in relation to the parties
that should make returns, &c.
From the above and the law, il is apparent that
it will be the duty OF every person per.ons la-
BILE to the income tax, to make up hi. or their ac-
counts OF gains, profits, income, from every
source whatever, that they may be enabled to rem
der to the assistant ASSESSORS 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, each person
will he required III every case to certify that it is
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. 1862
both days included. 1t will be observed that the
law does not intend to lay duty apon what 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 to live extravAgantly, or otherwise con-
sumo or expend treble that amount, or the entire
amount of his gains, profits, income he is still
liable to pay q tax on all over GOO dollars.
The income tax for the year 1862, is asscssablc
on the first day Of My, 1863, and is due and pay
able on or before the Both June, 1863. and any
sums due and unpaid for thirty days after The 3Oth
June, aforesaid, and 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
Ofice Of the U. s. Assessor, for the
District of Washington Territory,
Olympia, April II, 1868.
The Washington Statesman and Golden Age will
copy the above one month, and forward their ac-
counts to this Office 23-tf.]