Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-11-14
u. >. INCOME TAX.

DUBl'1C attention is called TO the laws Of the
l. United States, approved July 1862 in relation
to tue excise tax, Is, and particularly the 90h
section, page 81. BY a careful examination of
that section of the law it will lie observed that the
law contemplatcs that all persons shall pay a IA
tional tax ON all gains, profits, er income, derived
from any source whatever, les, $500. AID except
us therein excepted. lfthe gain, profit or income
exceed SG)o and doe; not exceed ten thousand dol
lars, daty OF three per ccntum, Oh the amount
OF such annual gain, profit or iacomc, over and
above the said sum Of six hundred dollars and if
said income exceed the sum of ten thousand dol
lars, II duty ~ i've per cent1.n upon the amount
thereof exceeding six hundred dollars, and upon
tec annual gain. profits, Or income, rents and div
idenas accruihs, 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 ceutun.'
The 2lst section provides :" ThG. in estimating
said annual gains, profits. or income, whether
subject toa duty rs provided in this act Of three
per centum, or OF FIVE per ccSltum, ell ether Ma
tonal state and local taxes lawtully assessed upon
the Property or other sources OF iaconc of any
person rs aforesaid. which sail annual years
profits or income ot such person IS or should be
divided, shall! tie ii,t Geduciei rom the gains,
profits or Income III the person or persons who ac-
t.aiiy pay the Stl.e. Iu2 pubic are referred to
the section for o.Ier exceptions: And the duty
upon the income for the year ending the thirty
first day o: Deaenber next prcce dins the time for
levying and collecting said daty, that is to say
on the first daf OF My, ci,hteea hundred amd
sixiy-thrcc. an! in cach year thereaier:' subject
to the provso in sNa sectioa which is referred TO-
The o2d section provides: "That the duties
on incomes herein imposed shall be due and pay
able before the ,hrticih day of June, 1863 ;"
&C., with the penalties annexed upon non-pay-
mcnt, which the pnbiic are respectfully referred
TO- and also. section SO, in relation TO the parties
thht 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 la-
bic 10 the income tax, to make up his or their ac-
counts of gains. profits, or income, from every
source whatever, tina, they may be enabled to rem
der to the assistant SCISSORS on before the first
day OF May, lsG3, al intelligent account Of their
gains. profit; aud incomes rom any and all sources
whatever. And particularly ST" AS each person
will he required IN every case 20 certify that it is
a true and tilhiul statement of their gains,
profits, or income, whether derived from any kind
OF property rents interests, dividends, salary,
from any proic,Son t.ac c, employment, or voca-
ton, or from any other source whatever, from the
first day of January 10 the 3lst day CT Dec. 1862,
both days included. Ii Will be observed that the
law does not intend to lag duty upon what man
necessarily consumes in living, it therefore is
wisely provided that coo d,ars shall be exempt
from this tax, yet it is equally clear that if man
chooses to live cxtr,vagantly OF otherwise con-
sumo or expend treble that amount, or the entire
amount Of his gains profits, or income, he is still
liable to pay a tax on all over Coo dollars.
The income tax for the year 1862, is assessablc
tho first day Of May, 1868, and is due and pay
able OH or before the 30th June, 1868, and any
sums due and unpaid orthirty days after the Goth
June, aforesaid and ten days after demand by the
Collector, five per ccstum will be added to the
amount unpaid.
JOHN G.. SPARKS,
U. S. Assessor for District Of Washington TIE,
Office of the U. S. Assessor for thel
District of Washington Territory,
Olympia, April IL, 1863 } --
The Washington Statesman and Golden Age will
copy the above one month, and forward their nc
counts to this Office. 23-tf1