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

DUBIIC attention is called to the laws of the
l. United States, approved July 1862 in relation
10 the excise tax, &c., and particularly the Goth
section, p'ge VI. BY . careful examination Of
that section Of the law it will lie observed that the
law contemplates that all persons shall pay ma
tional tax on oil gains, profits, or income, derived
from any source whatever, less 5000, and except
as therein excepted. 1.-THE gain, profit or income
exceed 5000 and does not exceed ten thousand dol
lars, 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, II DUTY Ut i've per centum upon the amount
thereof exceeding six hundred dollars, and upon
the annual gain, profits, Or ncome, rents and div
idcnds accruing upon any property, securities and
stocks owned in the United States, by any citizen
of the United States residing abroad, except az
therein excepted, .'thcre shall be levied collected
and paid duty Of Eve per centum." 80
The 9lst section provides: "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 centum, all other ma
tiona state and local taxes lawfully assessed upon
the property or other sources of iacome of any
person HIS aforesaid, which said annual year.
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
tually 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 for
lcvying and collecting said duty, that IL 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 ODD section provides: "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 are respectfully referred
to, and also section 03, in relation to the parties
that should make returns, &c. 'yGI.
From the above and the law, Il is apparent that
it will be the duty OF every person or persons lia-
ele 10 the income tax to make up his or their &C.
counts oil gains, profits, or income, from every
source whatever, that they may be enabled to rem
der to the assistant assessors, before the first
day Of May, 1868, an intelligent account Of their
gains, profits aud incomes from any and all sources
Whatever. And particularly so, rs each person
will he required IN every case to certify that it is
n 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, trade, 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 viii be observed that the
law does not intend to lay a duty upon what man
| necessarily consumes in living, Il therefore Is
wisely provided that 600 dollars shall be exempt
from this tax, yet 1t is equally clear that II man
chooses to live cxtravagantly, 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 GOO dollars.
The income tax for the year 1862, Is asscssable
on the first day Of May, 1863, aud is due and pay
able or before the Goth June, 1868, and amy
sums due and unpaid forthirty days after the 3Oth
June, aforesaid, and ten days after demand by the
Collector, five per centum will DO added 70 the
amount unpaid.
JOHN G.. SPARKS,
U. s. Assessor for District of Washington Tel
Office Of the U. s. Assessor, for the "a
District Of Washington Territory, ..-
Olympia, April II, 1868.
The Washington Statesman and Golden lge will
copy the above one month, and forward their ac-
counts to this Office. C23-tf]