Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-07-11
u. q. INCOM e TAX.

nuBLIC 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 careful examination Of
that section Of the law it will lie observed that the
law contemplates that all persons shall pay na-
tional tax all gains, profits, or income, derived
from any source whatever, less $500, and except
as therein excepted. lfthe gain, profit or income
exceed $500 and does not exceed ten thousand 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 1t
said income exceed the sum of ten thousand dol
lars, Il duty Of five per ccntum 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 "T That in estimating
said annual gains, profits, or income, whether
subject to duty, as provided in this act OF three
per centum, or of five per ccntum, all other ma
tonal, state and local taxes lawfully assessed upon
the property or other sources of Income 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
herein provided for shall be assessed and collected
upon the income for the year ending the thirty
first day of December next preceding the time to
levying and collecting said duty, that is to say,
Oh the first day of May eighteen hundred and
sixtythree, and in each year thereafter" subject
to the provso in said section which Is referred to-.
The 02d section provides Z" That the duties
| on incomes herein imposed shall be due and pay
able on before the thirteth day Of June, 1863,
&C., with the penalties annexed upon non-pay-
ment, which the public are respectfully referred
to- and also section 49, 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 per.ons liza
bic TO the income tax, to make up his or their ac-
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 aud all sources
whatever. And particularly SO, as each person
will be required every case to certify that it is
| Il 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 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 duty upon what man
necessarily consumes in living, il therefore is
| wisely provided that 600 dollars shall be exempt
from this tax yet it is equally clear that if man
| chooses To i've cXtraVaTahtiy, OF othcrWlse con-
sumo or expcnd treble that amount, or the entire
amount of his gains, profits, or income, lac is still
liable to pay tax on all over GOO dollars.
| The income tax for the year 1862, is assessablc
on the first day Of May, 1868, and is due and pay
able on or before the Both June, 1868. and any
sums due and unpaid forthrty 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,
| IT, s. Assessor for District of Washington Tc,
Office of the U. 5. Assessor, for.thc
District Of Washington Territory,
Olympia, April II, 1863.
l. The Washington Statesman and Golden Age will
copy the above one month, and forward their nc
counts to this office. [23-tf]