Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-08-15
i. s. MAIL LINE
OF 0TAGH0
T FAVE Olympia every Gn8k
Monday, Wednesday and Friday,
At 8 o'clock A. n. for Steilacoom City;
Returning will leave Steilacoom every
Tuesday, Thursday and saturday,
At 8 o'clock A. n.
J. D. LAMAN, Proprietor.
Olympia, July %, 1868. asst
u. 8. INCOME TAX.

DUBLIC attention is called to the laws of the
United States, approved July 1862, in relation
to the excise tax, &C., and particularly the Goth
section, page 81. By a careful examination of
that section of the law 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
as therein excepted. Ifthe gain, profit or income
exceed 5000 and does not exceed ten thousand dol
lars, q 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, n duty Of five per centum 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
of the United States residing abroad, except rs
therein excepted, ''therc 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, as provdcd,in this act Of three
per centum, or Of five per centun, all other ma
tional 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 tuty
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-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 thirtieth day Of June, 1863,
&C., with the penalties annexed upon non-pay
ment which the public are respectfully referred
to- and also, section 3d. in relation to the parte:
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 ia
BILE to the income tax, to make up his or their ac
counts Of gains, profits, or income, from ever,
source whatever, that they may be enabled to rem
der to the assistant assessors or before the frs
day Of May, 1868, an intelligent account Of theil
gains, profits and incomes from any and all sources
whatever. And particularly SO, rs each person
will be required IN every case to certify that it il
| q true and faithful statement of their gains
profits, or income, whether derived from any kind
Of property, rents interests, dividends, salary OF
from any profession, trace, employment, or vOca
ton, or from any other source whatever, from thu
first day Of January to the 3lst day of Dec, 1862
both days included. II will be observed that tho
law does not intend to lay a duty upon what mar
necessarily consumes in living, it therefore Il
wisely provided that 600 dollars shall be exempt
from this tax, yet it is equally clear that If mar
chooses IT, live extravagantly, or otherwise con
sumo or expcnd treble that amount, or the entire
amount Of his gains, profits or income, he is still
liable to pay n tax on all over coo dollars.
| The income tax for the year 1862, is Assessablt
on the first day Of May, 1863, and is due and pay
ar, on or before the both June, 1863, and an,
sr..s due and unpaid for thirty days after the 3Ott
June, aforesaid, and ten days after demand BY The
Collector, five per centum will be added 10 the
amount unpaid.
JOHN G. SPARKS,
L. s. Assessor for District Of Washington Te,
| Office of the Y. S. Assessor, for the)
| District of Washington Territory,
Olympia, April II, 1863.
The Washington Statesman and Golden Age viii
copy the above one month, and forward their &C.
counts to this office. [23-tf]