Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1865-03-25
Income and Annual Tax.

NOTICE is hereby given that on and after the
IN LIST day Of April 1865, will proceed to
make the annual assessment Of income for the
year ending Dec 81, 1864, for licenses and all
other annual assessments for the year ending 1866
For the information of all concerned, the follow
ing section ofthc excise act Of June 30th 1864 is
inserted
"Sec. 1T. And be ii further enacted, That
there shall be levied, collected, and paid annually
upon the annual gains, or income Of every person re-
siding in the United States, or Of any citizen Of the
United States residing abroad, whether derived from
any kind Of property rents interests dividends, sala
ries, or from any profession, trade, employment or
vocation carried on in the United States or elsewhere,
or from any other whatever, except herein
after mentioned, II such annual gains, profits, or in
come exceedthe sum of six hundred dollars duty of
five on the hundred dollar,
Of seven and one half Of one per centum per annum
on the excess over hve thousand dollars and not
eeeding ten thousand dollars; and duty Of ten pc,
the duty herein provided for shall be assessed collect
ed, and paid upon tho gains, profits, income for
proceeding the time for evyng collecting and paying
said duty Prorided, That income derived from inter-
est upon notes, bonds, and other securities Of the
under this sections: Prorided, That only one deduc
ton Of six hundred dollars shall be made from the a.
grcgate incomes Of gil the members Of any family com:
posed Of parents and ianor children husband and
wife, except individual estate, gains, labor Of the
wife And prcrided, Further, That net profits realized
by sales Of real estate purchased within the year for
come; and losses on sales Of real estate purchased
within the year. for which income 10 estimated shall be
deducted from the income Of such year."
The following instructions of a circular relative
to the annual list is inserted for the information
of all persons concerned, and to show the necessi-
ty of promptness in the assessment:
TREASURY DEPARTMENT, OErlcs OF Ixr. Rev.,
WARRINGTON, February 22d, 1864.
In order to ensure an early completion Of the
annual list for 1884, Assessors will instruct their
Assistants at once to begin the collection Of re-
turns in their respective divisions. Although tax
payers are authorised to delay making return un-
the first Monday Of May, those who have not made
return by that day will be liable to assessment
under the provisions Of section IL (l4). Assist
ant Assessors will transmit all returns TO the As
sessor ater entering the amounts 10 their assess
ment books. As soon after the first Monday in
Nay ~ IL practicable each Assistant Assessor will
make out his alphabetical list, and deliver the
the same to the Assessor. By the llth Cls)
section Of the excise Law, this list 10 required 70
be delivered within thirty days after the first Mon.
Assistant Assessor who fails to perform this dssy
within the tine prescribed, not being prevessed
hv sickness OF other unavoiaable accident, shall
be discharged ffoa o8ee, ssA shall moreover,
forfeit and pay hssAreA dollars, With costs q
salt Il 10 hood that 10 cccasioa viii arise fos
tDe ~ 1880
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