Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-09-26
u. s. INCOME TAX.

DUBLlC attention is called to the laws of the
l. United States, approved July 1862, in relation
to the excise tax, &C., 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 q ma
tonal TAX on all gains. profits or income, derived
from any source whatever, less $780, and except
as therein excepted lfthe gain, profit or income
exceed scotland docs not exceed ten thousand dol
lars, II duty of three per ccntum, on the amount
OF such annual eain profit, income, over and
above the said sum Of six hundred dollars : and If
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, income, rents and div
ldcnds accruing upon any property, securities and
stocks owned i'll 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 ccntum.'
The @lst section provides: @ That in estimating
said annual gains, profits or income, whether
subject to- duty, rs provided in this act of three
per ccntum, 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 duty
herein provided for shall be assessed and collccte
upon the income for the year ending the thi y
first day of December next preceding the time o
levying and collecting said duty, that is to say,
on the first day Of May, eighteen hundred and
sixty-threc, and in each year thereafer:" subject
to the proyso in said section which is referred to-
The o2I section provides: THAT the duties
on incomes herein imposed shall be due and pay
able on or before the thirtieth day of June 1853"
&c, with the penalties annexed upon non-pay-
oh oh fbn lie fall
to- and also, section %, in relation to the parties
that should make returns, &c.
From the above and the law, ii is apparent that
it will be the duty of every person persons liza
bic to the income tax, to make up his or their nc
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 III every to certify that it is
u true and faithful statemcn. 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 3st 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 exempt
from luis tax, yet IL Is equaly ciear tnat II 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 II tax on all over COO dollars.
The income tax for the year 1862, is assessable
on the first day OF May, 1863, and is due aud pay
able or before the 30th June, 1868, and any
sums due and unpaid forthirty 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,
T. s. Assessor for District of Washington Tc, :.
Office of the L. s. Assessor, for the
District of Washington Territory,
Olympia April II, 1863.
The Washington Statesman and Golden Age will
copy the above one month, and forward their &C.
counts to this office. [23-H1