Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-10-17
u. s. INCOME TAX,

i DCohlC utteutlOn Is caIleU 10 the laws OF the
l. United States, approved July 1862, in relation
to the excise tax, &c, and particularly the sOth
section, page 81. BY a careful examination of
that section of the law it will lie observed that the
law contemplates that all persons shall pay a na-
tional tax on all gains profits or income, derived
from any source whatever, less $500, and except
as therein excepted. Ifthe 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 gan 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, duty Of five per centum upon the amount
thereof exceeding six hundred dollars, and upon
the annual gain, profits, or income, rents and div
blends 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: g That in estimating
said annual gains, profits, or income, whether
subject to duty, as provided in this act of three
pcrccntuU, 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 8
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 arc referred to
the section for other exceptions: "And the duty
herein provided for shall be assessed and collecte
upon the income for the year ending the thirty
first dny of December next preceding the time for
levying and collecting said duty, that is to say,
on the first day of May, eighteen hundred and
sixty-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 before the thrtieth day of June, 1868 :"
&C., with the penalties annexed upon nor-pay-
mcnt, which the. public are respectfully referred
to, and also, section 93, 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 per.ons la-
BILE to the income tax, to make up his their ac-
counts of gains, profits, income, from every
source whatever, that they may be enabled to rem
der to the assistant ASSESSORS 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 as each person
will be required IN every case to certify that it is
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 source whatever, from the
first day of January to the 3st 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, it therefore is
wisely provided that 600 dollars shall be exempt
from this tax, yet il is equally clear that If man
chooses to live cXtravagantly, or otherwise con-
sumo or cxpend treble that amount, or the entire
amount Of his gains, profits, income, he is still
liable to pay tax on all over COO dollars.
The income tax for the year 1862, is asscssable
on the first day of May, 1868, and is due and pay
able on or before the both June, 1863, and any
sums due aud unpaid for thirty days after the 3Oth
June, aforesaid, and ten days after demand by the
Collector, five per centum will be added to the
amount unpaid.
JOHN G.. SPARKS,
US. Assessor for District of Washington Tel,
Office of the L. s. Assessor, for the
District of Washington Territory,
Olympia, April II, 1868.
The Washington Statesman and Golden Age will
copy the above one month"; and forward their &C.
counts to this Office. [23-tf]