Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-08-22
i. s. MAIL LINE
OF 8TAGH9
T FAVE Olympia every GMk
Monday, Wednesday and Friday,
Ats o'clock A. n. for Steilacoom City;
Returning will leave Steilacoom every
Tuesday, Thursday and Saturday,
At s o'clock A. NJ.
J. D. LAMAN, Proprietor.
Olympia, July %, 1868. 3S:tf
u, 8, INCOME TAX.

DUBLIC attention is called to the laws Of the
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 will lie observed that the
law contemplates that all persons shall pay ma
tional tax on all gains, profits or income, derived
from any source whatever, less $500, and except
as therein excepted. Ifthe gain, profit or income
exceed 5000 and does not exceed ten thCusand dol
lars, q 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 : and if
said income exceed the sum of ten thousand dol
lars, q 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 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 to duty, provided in this act of three
per centum, or Of five per centum, all other ma
tional state and local taxes lawfully assessed upon
the property or other sources Of iacOme Of any
person as aforesaid, which said annual year 8
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: Sand the duty
herein provided for shall be assessed and cOlecte
upon the income for the year ending the thirty
first day of December next preceding the time 70
levying 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 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 on or before the thireth day of June, 1863
&C., with the penalties annexed upon nOn-pay.
| tha f,,Ilv
to, and ALSO section 49, in relation to the parties
that should make returns, &c.
From the above and the law, 1t Is apparent that
it will be the duty Of every person or pcr.ons liza
tle to the income tax, to make up his Or their &C.
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 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, OF
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. 1862
both days included. 1t will be observed that the
law does not intend to lay a duty upon what man
necessarily consumes in living, it therefore is
wisely provided that 600 dollars shall be exempt
from tnls tax, yet u Is equaIIy ciear tnat 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 a 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 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 G.. SPARKS,
U. s. Assessor for District Of Washington Ter.
Office Of the u. 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-tf1