Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-09-12
u, 9. INCOME TAX.

DCBlIC attention is called to the laws Of the
Il United states, approved July 1862, in relation
to the excise tax, &C., aud particularly the Goth
section, page 81. Bya careful examination of
that section of the law will lie observed that the
law contemplates that ali persons shall pay ma
tional tax on all gains, profits, or income, derived
from any source whatever, less 5000, and except
rs therein excepted. lfthe gain, profit or income
exceed 5000 and does not exceed ten thousand dol
lars, u duty of'tlree per centum, 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, a duty of five per centum upon the amount
thereof exceeding six hundred dollars, and upon
the annual gain, profits, income, rents and div
idends accruing 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 ton duty rs provided in this act of three
per centum, or Of five per centum, all other ma
tiona, state and local taxes lawfully assessed upon
the property or other sources Of iRcOmc of any
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
here provided for shall be assessed and collecte
upon the income for the year ending the thirty
first day of December next preceding the time 70
levyng and collecting said duty, that is to say
on the first day Of May, eighteen hundred and
sXty-three, and in each year thereafter subject
to the proviso in said section which is referred to-
The 92d section provides: That the duties
on incomes herein imposed shall be due and pay
able before the thirtieth day Of June, 1868"
&c., with the penalties annexed upon n0n-pay-
Is.t Ac.1l.
to, and also, section 90, in relation to the parties
that should make returns, &c.
From the above and the law, 1t is apparent that
1t will be the duty OF every person or persons la-
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, 1869, an intelligent account Of their
gains profits and incomes from any and all sources
whatever. And particularly SD, as each person
will he 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 or
from any profession, trace, employment, or voca-
ton, or from any other source whatever, from the
first day of January to the st day Of Dec, 1862,
both days included. 1t will be observed that the
law docs not intend to lay duty upon what man
necessarily consumes in living, It therefore is
wisely provided that 600 dollars shall he exempt
from this tax, yet II Is equally clear that u man
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 assessable
on the first day of May 1863, and is due and pay
able on before the 3Otl June, 1868, and any
sums due and unpaid forthirty days after the 3oth
June, aforesaid, and ten days after demand by the
Collector, 1--WE per centum will DO added to the
amount unpaid.
JOHN G. SPARKS,
US. Assessor for District of Washington Te,
Office Of the L. 8. Assessor, for the
District Of Washington Territory, !
Olympia, April II, 1863.
The Washington Statesmaa and Golden Age will
copy the above one month, and forward their &C.
counts to this Office. [23-tf1