Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-10-15
OF rHg ANNUAL INCOME TAX
ANNUAL INCOME ray

ABszRAcI OF rHg ANNUAL INCOME TAX
ANNUAL INCOME TAX.
- |
hsving been requested to prepare IN abstract
OF whAt 10 required BY Law In rsfsrenc. "a m. II
como Tar, and Of the decision, by II, Dsnsr,
ment ~ warrington upon various aueIuonI ths,
nave arisen. We present the whole subIsct. und,r
It's several distinct hsads:
STATEMENT o II HApr-.wHrRr. wur,
.'.... AND ~ WHOM.
/ Tbs law requires every person Of lswful ara.
Assistant Assessor ofthe sub.distr,ct In which he
or shs may b residing on the LIST day Of Nay, q
written statement, according to q prescribed
form, Of the amount OF bis or her income, gain,
knd PROFITS during the previous year, from Jan.
uary lt 10 December 3lst, boil days Inclusive.
A printed blank containing this form can bs OBJ
talned nom the Assistant AS.essor. A person
having no Hxed resdence. should make . state.
ment wherever be or she may happen to b; and.
In case Of removal 70 another district, should take
. certified COPY Of such statement 70 show any
other Assistant Assessor. who otherwise might
make . second aEsessment.
q The statement must be rendered on or be.
fore the LIST day OF Nay, or within ten days after
= written or printed notice requiring 1t. has been
let At the place Of residence or Of business, or dc.
posted In the pearest Post Once.
3. The annual income tax Ia Q personal tax,
and It cannot be assessed against any corporation,
company, or psrtnenhip, a. such. Every lndl.
vIdual member must make q statement Of bis or
hsr share Of or interest In the gains and profits Of
such company, etc, whether such gains and
profits are divided or not, and must also state
separately bis or her income from all other
sources.
EVILS OF NEGLECT TO MAKE OUT or VERIFY
~STATIhEHTG .H.
S. II any person neglects or rcfutes to render Q
written statement, tho Assistant Assessor In 70.
quested to al out . blank with such persons
name, and taxable income estimated according to
The best information that can DO obtained, and
upon this estimated income TO Assess the tar. and
then TO add IS per cent, 10 such tax ~ o penalty
for neglect or refusal.
Gan Assistsnt Assessor may be miBled In
making this estimate. BY being miIinformed ~ to
money received, or not informed a. TO money
paid. He must assess, however, according to the
best information within his reach. The only per.
son capable of giving absolutely correct informa-
tion "a frequently the one who refuses or ~neelects
TO make 0 statement. II such person will not
take the trouble to inform the A,siItant Assessor,
there u Q bar 10 all complaint, should the assess
ment prove incorrect, anda heavier tax be levied
than would otherwise DO charged. Moreover,
after an assessment has once been made. II erro
neous, Il ID always troublssomeSo the party In.
terestsd TO have Il corrected. All persons, there
fore, but especially suek a. Aars no taxable fneons,
should not Fall 10 render the required statement,
upon the proper blank; 10 a. 10 avoid undue tax.
saon and troublak -',.. ... H.#
7. Every statement must be verified by cath or
affirmation. When this Is not done, the Assistant
Assessor Is required 10 estimate the income and
TO add IS per cent to TO the tar. F.
x.v,,o .,.,.r .-,xxy
'A-'
.. An Assistant Assessor has power TO ine'tass
the amount In any statement, after givng que
Information 70 tns party intefesteo; ne - 70.
qulred, also, 10 aod loo per cent 70 the TAX Wnsn
. false statement ma oeen rendered and tne
party making me ialse htatemen' oeeomes Naoie,
not only lot tnis AoaitionA TAX, OUT nkerse 70
two distinct pfoseenuonso etore inc Uniteo otaies
Courts-one for making AfAse statement WIN IN.
tent 10 oetrsno mo government ana the o'ner
TOT perjury ~ .U
MANNER OF MAKING UP STATEMENT OF INCOME.
Nv m. lls,b section Of III. law. the Commits.
,,on.r NJ intsrnsI Rsyenue /, empov,red 10 pre.
,crib. The form and nanney In which IN. state
ment Of income must be made mn. iThls be ha,
ann. ~ a nrSr,sd Siant u..d NV * A..S.,an, Az
sS.sor and IN ysnnns circnisr. and r,Iings m,
soIin.,n. 4. .rrm.rv ~ 80, hs. hes, nv.
.o,ih"d. ~
i Each Of the er,a, clss,e, into which the pur
.pi,. N I'M. and N, lnyeItment. OF canI,al nav,
hs.n divided mnst he returned .naratrIy- loss.,
IN in ons not Ming .IIov al N oH..t esIn, in anothsr
Thu m,rchant VIC sn9se,s IN farning or n
.nacnlatIons moi bslonrine 10 his lsoitImafe bu.i