Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-07-25
u. 9. INCOME TAX.

nUBLIC attention Is called to the laws Of the
JIG United States, approved July 1862, In relation
to the excise tax, &C., and particularly the Goth
section, page 81. Bya careful examination Of
that section Of the law it will lie observed that the
law contemplates that oil persons shall pay M.
tional tax on ell gains, profits, or income, derived
from any source whatever, less 5000, and except
as therein excepted. 1.-THE gain, profit or income
exceed $500 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 II
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 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 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, as provided in this act of three
per centum, or Of five per ccntum, oil other ma
tional, state and local taxes lawfully assessed upon
person as aforesaid, which said annual year s
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 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 TO
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 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 thirteth day of June, 1862,
&C., with the penalties annexed upon non-pay-
mcnt, which the public are respectfully referred
to. and Also section 50, In relation to the parties
that should make returns, &c.
From the above and the law, 1t is apparent that
it will be the duty Of every person or per'ons 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 first
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 is
a true and faithful statement of their gains,
profits, or income, whether derived from any kind
Of property, rents interests dividends, salary,
from any profession, trace, employment, or voca-
ton, from any other source whatever, from tho
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 man
necessarily consumes in living, it therefore is
wisely provided that GOO dollars shall be exemp,
from this tax, yet it is equally clear that If man
chooses to live cxtravagantly, 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 600 dollars.
The income tax for the year 1862, is assessable
OH the first day of May, 1863, and is due and pay
able on or before the 3Oth June, 1863, and any
sums due and unpaid forthirty days after the 30tl
June, aforesaid, and ten days after demand by the
Collector, five per ccntum will be added to the
amount unpaid.
JOHN G.. SPARKS,
Y. s. Assessor for District Of Washington Tc,
Office Of the U. =. Assessor, for the)
District of Washington Territory,
Olympia, April H. 1863.
The Washington Statesman and Golden Age will
copy the above one month, aud forward their ac-
counts to this Office. [2a-tf.]