Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-10-10
u. $. INCOME TAX,

DUBlIIC 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 IL careful examination of
that section Of the law it will lie observed that the
law contemplates that all persons shall pay ma
tonal tax on all gains, profits, or income, derived
from any source whatever, less $500, and except
as therein excepted. 1.-THE gain, profit or income
exceed $500 and does not exceed ten thousand dol
lars, n 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 md If
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
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 centum."
The 9lst section provides i" That in estimating
said annual gains, profits, or income, whether
subject toa duty, as provided in this act of three
per centum, or Of five per centuu, all ether ma
tonal, state and local taxes lawfully assessed upon
the property or other sources Of income of any
person 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 persons who ac-
,ually pay the same" The public are referred to
the section for other exceptions "And the duty
upon the income for the year ending the thirty
first day of December next preceding the time for
lerying and collecting said duty, that is to say,
on the first day of May, eighteen hundred and
sixty-three. and in each year thereafter" subject
to the prov>o in said section which is referred to-
The ord section provides: 'That the duties
on incomes herein imposed shall be due and pay
able on before the thirticth day of june 1863"
&C., with the penalties annexed upon non-pay-
mcnt, which the 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, il is apparent that
it will be the duty of every person or persons liza
bic to the income tax, to make up his Or their
counts of gains, profits, or income, from every
source whatever, that they may be enabled to rem
der to the assistant assessors, before the first
day of May, 1868, an intelligent account Of their
gains profits and incomes from any and all sources
whatever. And particularly 50, rs each person
will be required every to certify that it is
n true and faithful statement of their gains,
profits, or income, whether derived from any kind
of property, rents interests, dividends, salary,
from any profession, trade, 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 this tax, yet it is equally clear that If a 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 II tax on all over 600 dollars.
The income tax for the year 1862, is assessable
on 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 for thirty days after the 3Oth
June, aforesaid, and ten days after demand by the
Collector, five per ccntum will be added to the
amount unpaid.
JOHN &. SPARKS,
U. s. Assessor for District of Washington Tel.
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 ac-
counts to this Office. 23-M.1