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

nVBIIC attention is called to the laws OF tue
rnited States, approved July 1862, in relation
to the excise tax, &C., and particularly the soth
section, page 81. Bya 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 all gains, profits, or income, derived
from any source whatever, less 5000, and except
rs therein excepted. Ifthc gain, profit or income
exceed 5000 and does not exceed ten thousand dol
lars, q duty Of three per centum, on the s&aount
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, a duty of five per centum upon the amount
thereof exceeding six hundred dollars, and upon
the annual gain, profits or income, rents and div
iden'ls 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 ccntum."
The ?lst section provides "That in estimating
said annual gains, profits, or income, whether
subject to IL duty, rs provided in this act Of three
per ccntum, or of five per centum, all other ma
tiona, 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 70
levying and collecting said duty, that is to say,
ON the first day of May, eighteen hundred and
sixty-thrce 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 thrtieth day of June, 1868"
&C., with the penalties annexed upon n0n-pay-
ment, which the public are respectfully referred
to, and also, section SO, in relation to the parties
that should make returns, &c.
From the above and the law, II is apparent that
it will be the duty Of every person persons lia
BILE to the income tax, to make up his or their ac-
counts Of gains, profits, income, from every
source whatever, that they may be enabled to rem
der to the assistant assessors 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, rs each person
viii be required IN every case to certify that It is
II ,r,e and faithful statement of their gains,
profits, or income, whether derived from any kind
of property, rents, interests, dividends, salary or
troin any profession trace, employment, or vOca-
tin or from any other source whatever, from the
ir,' lay of January to the 3lst day of Dec. 1862,
bojh days included. 1t will be observed that the
la" does not intend to lay duty upon what man
nee .>sarily consumes in living, it therefore Is
wisely provided that COO dollars shall be exempt
fro. this tax, yet it is equally clear that If man
chuose to live extravaganty, or otherwise con-
sumo or expend treble that amount, or the entire
amount of his gains profits, income, he Is still
Liable to pay tax on all over 600 dollars.
The income tax for the year 1862, is assessable
on tic first day of May, 1868. and is due and pay
able on or before the Both June, 1863, aud any
sums due and unpaid forthirty days after the Both
june aforesaid, and ten days after demand by the
Collector, five per ccntum will be added to the
amount unpaid.
JOHN G.. SPARKS.
l.. S. Assessor for District of Washington Tel,
Office of the L. s. Assessor, for thc)
District of Washington Territory,
Olympia, April II, 1863.
The Washington Statesman and Golden Age will
| co,y the above one month, and forward their ac-
counts to this Office. 23-tf.