Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-06-27
q, s, INCOME TAX.

DVBIIC attention is called to the laws of the
United States, approved July 1862, in relation
lu the excise tax, &c., and particularly the ?Oth
section. pige 81. Bya careful examination OF
that section of the law it will lie observed that the
law contemplatcs that all persons shall pay n M.
tonal tax all gains, profits or income, derived
| from any source whatever, less $500, aud except
| as therein excepted Ifthe gain, prof. or income
| exceed $500 and does not eXceedten 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 Il
| 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 " That in estimating
said annual gains, profits, or income, whether
subject to duty, MS provided in this act OF three
per centum, or of five per ccntun, all other ma
tiona, state and local taxes lawfully assessed upon
| the property other sources of income of any
| person as aforesaid, which said annual years
| 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 referred to
| the section for other exceptions: And the iuty
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 o
| 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 pr0visO 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 thirtieth day of Juue, 1853,
| &C.. with the penalties annexed upon non-pay.
menf which the public are respectfully referred
to, and also, section 80, in relation to the parties
! that should make returns, &c.
| From the above and the law, it is apparent tina,
it will be the duty of every person or persons lin.
bile 10 the income tax, to make up his or their ac-
| counts of gains, profits, or income. from every
source whatever, that they may he enabled to rem.
der to the assistant asscssOrs or before the first
day of May 1868. I'm intelligent account of their
gains. profits and incomes from any and all sources
whatever. And particularly So as each person
will he required III 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, ol
| from any profession, trace, employment, or Voca.
ton. or from any other source whatever, from the
first day of January to the 3st dag of Dec, 1862
both days included. 1t will he observed shat the
law does not intend to lay duty upon what man
| necessarily CONSUMES in living, il therefore j.
wisely provided that 600 dollars shall be exempt
from this tax, yet it is equally clear that if mau
| CHOOSES ~ live cAtTNagnntIy OF oiHcTWiSc COu-
| sumo or cXpend treble that amount, or the entire
amount of his gains, profits or income, he is still
liable to pay II tax on all over 600 dollars.
| The income tax for the year 1862, is asscssablt
on the first day of May, 1863, and is due aud pay
able on or before the 30th June, 1868, and nny
sums due and unpaid for thirty days after the 30t
June, aforesaid, and ten days after demand 10y the
Collector, five per centun will be added to the
amount unpaid.
JOHN G. SPARKS,
! L. s. Assessor for District of Washington TIE,
Office of the L. S. Assessor, for thc)
| District of Washington Territory,
Olympia. April II, 1868.
The Washington Statesman and Coilea Age will
copy the above one month, and forward their ac-
counts to this Office. 1t-tf1