Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-08-01
u. .. INCOME TAX.

nUBf.IC attention is called to the laws Of the
United States, approved July 1862, in relation
to the excise tax, &C., and particularly the ootn
section, page 81. by careful examination OF
that section of the law it will lie observed that the
law contcmplatcs that all persons shall pay o ma
tional tax on all gains, profits, or incomes derived
from any source whatever, less $500, and except
rs therein excepted. 1.-THE gain, profit or income
exceed $500 and does not exceed ten thousand dol
lars, 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 II
said income exceed the sum of ten thousand dol
lars, n duty of five per ccntum upon the amount
thereof exceeding six hundred dollars, and upon
the annual gain profits or income, rents and DIV
idcnds accrung upon any property, securities ana
stocks owned in the United States, by any citizen
of the United States resulting abroad, except as
therein excepted 'there shall be levied collected
and paid duty of FIVE per ccntum."
The 9ist section provides " That in estimating
said annual gains, profits, or income, whether
subject to duty, rs provided in this act of three
per ccntum, or Of five per ccntum, all other ma
tional, state and local taxes lawfully assessed upon
person as aforesaid, which Said ANIMAL year 5
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 &C
tualIy pay the same" The public are referred to
the section for other exceptions ""And the duty
upon the income for the year ending the thirty
first day Of December next preceding the time 10
levyng and collecting said duty, that is to say,
on the first day of May eighteen hundred and
sxty-thrcc, and in eaeh year thereafter" subject
to the proviso in said section which is referred to.
The o2d section provides: g That the duties
on incomes herein imposed shall be due and pay
able on or before the thirtcth day of June, 1862,
&C., with the penalties annexed upon non-pay-
ment, which the public respectfully referred
to- and alsO section 49, 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 or persons 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, or before the first
day of May, 1862 an intelligent account of their
gains profits and incomes from any and nil sources
| whatever. And particularly so, as each person
will be required IN every case to certify that it is
| a true and faithful statement OF their gains,
profits, OF income, whether derived from any kind
of properly, rents, interests dividends salary, OF
| from any profession, trace, employment, or vOca-
ton or fran 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
wiscly'pi yided that 600 dollars shall be cxemp,
from this ix yet il is equally clear that if man
| chooses L. live eXtrayagantly, or otherwise con.
sumo or rxpend treble that amount, or the entire
amount OF his gains, profits, or income, he is still
| liable to pay II tax on all over COO dollars.
| The income tax for the year 1902, is assessable
on the first day Of May, 1868 and is due and pay.
able on or before the 3Oth June, 1863, and any
sums due and unpaid for thirty days after the 3Otl
June, aforesaid, and ten days after demand by the
Collector, five per ccn,um will be added to the
amount unpaid.
! JOHN G. SPARKS,
l.. s. Assessor for District of Washington Tc,
| Office of the L. s. Assessor, for the
| District of Washington Territory, :
Olympia April II, 1868.
The Washington S'aiesman and Coiia I've will
copy the above month, and forward their nc
counts to this office. [23-E1