Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-08-29
U. 8. INCOME TAX.

DUBLlC attention is called to the laws of the
Il United States, approved July 1862, in relation
to the excise tax, &C., and particularly the Doth
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 ua-
tion" tax on all gains, profits or income, derived
from any source whatever, less $500, and except
rs therein excepted. 1fthe gain, profit or income
exceed $500 and does not exceed ten tn, usand 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, duty Of five per centum upon the amount
thereof exceeding six hundred dollars, and upon
the annual gain, profits, income, rents and div
iden'is 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, .'thcre 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, rs provided in this act of three
per centum, or Of five per ccntum, all other ma
tiOna, state and local taxes lawfully assessed upon
the property or other sources Of iacomc of my
person as aforesaid, which said annual year 9
profits or income Of such person is or should be
divided, shall bc 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: Sand the duty
herein provided for shall be assessed and collecte
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
sxty-thrcc, and in each year thereafter subject
to the prOvis0 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, 1862,
&C., with the penalties annexed upon non-pay-
mcnt, which the public are respectfully referred
to, and also, section %, in relation to the parties
that should make returns, &c.
From the above and the law il is apparent that
it will be the duty Of every person or pcr:ons a-
bic to the income tax, to make up his or their ac-
counts Of 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, 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 to certify that it is
q true and faithful statement of their gains,
profits, or income, whether derived from any kind
Of property, rents interests, dividends, salary
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 will be observed that the
law does not intend to lay a duty upon what q man
necessarily consumes in living, II therefore is
wisely provided that 600 dollars shall be exempt
from this tax, yet it is equally clear that If man
chooses to live extravagantly, 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 Oh all over 600 dollars.
The income tax for the year 1869, is asscssable
the FIRST day of May, 1863, and is duo and pay
able on or before the 3Oth June, 1869, and any
due and unpaid for thirty days after the seth
June, aforesaid, and ten days after demand by the
Collector, five per centum will be added to the
amount unpaid.
JOHN G. SPARKS,
L. S. Assessor for District of Washington Tel.
Office Of the U. S. Assessor, for the
District of Washington Territory,
Olympia, April II, 1863.
The Washington Statesman and Golden Age will
copy the above one month, and forward their ao-
counts to this Office. [?3-tf1