Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-09-05
U. 8. INCOME TAX.

DUBI.IC attention is called to the laws of the
Il United States, approved July 1862, in relation
to the excise tax, &C., and particularly the Doth
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 ma
tonal tax ON all gains, profits, or income, derived
from any source whatever, less 5000, and except
AS therein excepted. 1fthe gain, profit or income
exceed scotland does not exceed ten the usand dol
lars. a duty Of three per ccntum, 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 centum upon the amount
thereof exceeding six hundred dollars, and upon
the annual gain, profits, or income, rents and div
idcnls accruing upon any property, securities aud
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 DIST section provides @ That 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 centum, all other ma
tonal state and local taxes lawfully assessed upon
the property or other sources Of iRcOme of any
person as 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 or persons who ac-
tuay pay the same" The public are referred to
the section for other exceptions: "And the luty
herein provided for shall be assessed and collecte
upon the income for the year ending the thirty
first day of December next preceding the time t 0
levying and collecting said duty, that is to say
on the first day of May, eighteen hundred and
sixty-thrcc, and in each year thereafter subject
to the provis0 in said section which is referred to-
The 92d section provides: That the duties
on incomes herein imposed shall be due and pay
able or before the thirtieth day of June, 1863,
&C., with the penalties annexed upon nOn-pay-
mont which thp uublic ara ctf,ilIy r.furre,l
to, and also, section %, in relation to the parties
that should make returns, &c.
From the above and the law, it is apparent that
it will be the duty of every person persons ia-
BILE TO the income tax, to make up his or their
counts of gains, profits, or income, from every
source whatever, that they may he enabled to rem
der to the assistant assessors before the first
day Of May, 1863, an intelligent account of their
gains, profits and incomes from any and NIL sources
whatever. And particularly SD, as each person
will be required IN every case to certify that 1t 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, or from any other source Whatever from the
first day of January to the 3lst day of Dec, 1869,
both days included. II 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 600 dollars shall be exempt
iroui t'is 'aN, YET IL Is equaiIy cc"T tu"t u W"n
chooses to live extravagantly, 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 tax on all over 600 dollars.
The income tax for the year 1862, is asscssable
on the first day of May 1863, and is due and pay
able on or before the Both June, 1863, aud any
sums due and unpaid forthirty 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 G.. SPARKS,
Z. s. Assessor for District of Washington Ter.
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. l23-E]