Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-06-11
ABSTRACT OF THE ANNUAL INCOME IA,
ANNUAL o TAX.

of what . required by law In refercnce to the In
como Tax, and Of the decisions by the Depart
ment OF Warrington upon various questions that
have srisen. We present tho whole subject, under
to several distinct heads: -tH 10
STATEMENT SHOULD BE MADE-.wHERE, WHEN,
ANT BY WHOM.
L. Tho law requires every person oflawful age,
residing In the United States, to render to the
Assistant Assessor ofthe sub-dlstrict In which he
or she may be residing on the lIt day OF Nay, Q
written statement, according TO q prescribed
form, Of the amount Of his or her income, gains
and profits during the previous year, from Jan.
uary LIST to December 3lst, bo'h days inclusive.
tanned from the Assistant Assessor. A person
having no fxed residence, should mako q state-
ment wherever he or she may happen to DO; and,
In case Of removal 10 another district, should take
q certified copy Of such statement to show any
other Assistant Assessor, who otherwise might
make o second assessment.
2. The statement must DO rendered on or be.
fore the LIST day. Of May, or within ten days after
a written or printed notice requiring 1t, has been
left at the place Of residence or of business, or de-
posted In the pearesr Post Once. ..
3. Tho annual income tax 10 q personal tax,
and II cannot be assessed against any corporation,
company, or partnership, az such. Every indi.
yidual member must mike q statement OF ns or
her share Of or interest In the gains and profits OF
HUGH GOmDduyI olNsI "dStASA oA~-
profits are divided or not, md must also state
separately his or her income from all other
rvns OF L TO MAKE OUT OR VERIFY
. STATEMENTS. HrB ra
S If any person neglects or refuses TO render q
written statement, the Assistant Assessor Is re-
quested to fill out o blank with such persons
name, and taxable income estimated according TO
the best information that can be obtained, and
upon this estimated income TO assess the tax, and
then to add 25 per cent, 10 such Tux as q penalty
for neglect or refusal.
G. An Assistant Assessor may be misled In
making this estimate, by being mlsinformed M TO
money received, or not informed as 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 Ii frequently the one who refuses or neglects
TO mike o statement. II such person will not
take tho trouble to inform tho Assistant Assessor,
there Is a bar to all complaint, should the assess.
ment prove incorrect, and a heavier tax be levied
than would otherwise DO charged, Moreover.
after an assessment has once been made, II erro
neUus, II Is always troublesome to the party In.
tercstcd to have II corrected. All persons, there.
fore, but especially such a. haze no taxable income,
should not fall to render the required statement,
upon the proper blank, 80 as 10 avoid undue tax
alton and trouble.
z. Every statement must DO verified by oath or
affirmation. When this Is not done, the Assistant
Assessor IN required 10 estmhto inc income nnd
to add IS per cont to TO the tax. .
EVILS OF MAKING A FALSE STATEMENT.
0. An Assistant Assessor has power to iHerea u
the amount In any statement, utter giving d.
information to tho party interested. lilo Is -
quneu' aiso, 70 auI toV ~ cent y ~ "a w
q iMso staIement nhs Ueen Ienasleu nn Et W.
not only for this additional tax. but likewise tC
two distinct prosecutions before the United State
Courts-one for making O false statement with In
tent 70 oeirauo inc government and 'no o'ne
LOT pcLyury.
A1SNEh % MAkiN1 Uf sLXIhIlLSI dHSonh
'nS tto.n seS,son ~, W Iam, .no So = nnn
aoper o. tn.ernai neSenue = emPTwery 70 p,o
scrloo tne l0rm ana ma"nV ~ WINCH Iho s'a,e
men' OF ineGme hS n 70 msto ~. iIs NO "a
dono IN = printed oiank usen oy .ns A,slslan' M ~
sonsor, anu N Naiiou, emeuralr Anu luinsr IN
IoIio",ns " summary "uu' hnS oeen pr
seI'oS1: .,
l. Eaen o. tne eseat slasses lnto ~nien .no pun
snits OF INC euo me Investments OF caPitai NV
oeen alviasu mus W .Nn 'spH.@.y. W,
II u NJ. oesus ~ W us' satns y y 4
Inus meicn.nt mno Engages ~ iarmIns '. =
sPeeuia.oas ~. oeIonsiIs - HsIe o"t \
ness ennn'' o"se' sun' III i 'u' W 'o''e' u
ING Srnel. ,,,,a.,, - ann, hr.,,.. =,
s1p. n tu.iJe.. q ~. Le. ousIues .
ocouSnoie y y .ess.pssI ~ Sasn jug ~
d opesuunS%s Sa"ss'y Seio LIB ! " ~ o. a.;
ousness, nna 'neso nonSi may w earriru ,nsO :
piiO.n ~ nv 100. 49, noods m.rohan, n nc,,nn
snrSnar" man n ison ctc and .,rS .nscrio,io
e., a. 80, ava H.. ~ s..k Icn;,,mat
- a cbont aiso ,n., mi. Ice h,
outsness. SInL 40 may nan - NJ =:
sSSIl' "a ,Sis aa,u - Io.s Z 49, - III NO,
h hS a.o,a. epn, n ~ hnr. ~ nronrrsn
ennaanNme tfnI,sd sea- Tros uI sU Uo,.s ~ an,
nt G. ,sIns moi one Of tbs Article: Of ,ysds belong
o'Het 'uuIe -n" 10
ing 70 nus Regular uusness' tor 'no PuIPose =
sPoeuIHion, = I,o I aH 80, ~ nsn ~ as
nUn III. so,isr hus,usss Sps,nsss A.,
nT an on IN ,Ss hand: ~ a Wv York hrr
PiaeIa r,n,Tn, htm % ns. :, In ,ba rrr.Sas.on
ri. ~ cold on their acroi,nt , and having 10.
s S sSn IN ,hls vsntpre ,bsv claimed I'm,
shanIS r.. d.Jnc,sS from ,hcIr nroS,s In bnsIn..,
s.omm,sSIonsr Iswi. disalloved Nh, claim. nm
Ia ~. "r;t,r. rniIng had h..n ,h,, !" . han
Io.. 4. madg In .ny nsrticnIar hnsinss. aenIn,
III ~. a.. NJ qsins 70 os.s, i, =. consIt
mnsu ~ go o ~, H..
eleaS 9taa ~" apss" .anG,ai ~ ""t - a
ae'. nsAn, N nsapns' .o w "
auc'ea TON ,usH Ne'"'no iH'o"' 'Nu
% mSae on sI9ka-.M :
:. ny" nsrs,a,xi !, .hoSu hv ,he snIio%IU
Ie,urneu Sspsiaso.y porua.' u NV
rulnss 81 Innnrrsd n thn nro..cn,,or If On
o. LOSE ineutream = paosesS. ny vi ~ =
KIND OF ousiness eanno, 9e oeaueted ron sum !
business OF an ShIney dWe'en'eHa'aee'' MORN
salary rents, dlvidenas; eIe:
W -. - ,I...al go, 81
ordHeA OF ousuess cannot 10 Geuueteu run Bni
In another, since an absolute loss incurred IN "a
prosecution Of single business IN indispenSaol
loss OF capital
C. Losses IN mercnanuiso can y ueuue'e
only from gains IN mercnandise put. IN tnis cas-
particular branches OF msrSnanGse need NOT =
sepsrn.a. 90 IN speeuiation, she ioss OF SM
tom stoess may onse' ioss OF gam ifoin P'ouue
'peSuiH.s %c,.r,, nr,, u,t. rs,rrn or tho,
,rcs,, t.nm mercbandI.o w,,Sort rsaard 70 The
PIon.s nom Mn1 Sers 'gsa' So AZ.
iossss 70 spo'aIs.Ion, W salns y 'h'e'e''' Nv
aenSs' nGnss, y my os nI,ia Uu.so. ;. a.s,,,,
..i.e1sa rar PS sou ao,ns ~ r",osouS1.
NY. nsss.a .rs,sIn. H. = s,aonin,ion nn
when losses arc sustained IN one speculation an
gains maae IN anotner specuiauon, suen lossc
may % oeausseI iroM suen S"ins Losses IN on
otanen ol ns,enaneiso may oe ueuuetea III"
gam 70 Any osne, oLanea . me,euarS,Se 49,,
u, mnefv ssS.As ~ &c, .o y ooatn ms,1 y. |,
msnen' invGs as anu 'Iu aSs,n nns s a. ~ !
cnanSe .ne S"Sna,sd 49, : o -. aiuiS.~t. ~ ~,
sa.J msy 10 p SS 49,. ~ nnr.ho. ~ .aaa ~
;hs nne r % ,,,iIun essrp nn .necn,stIor ~
~" pwpOIn.SJ h1 ,hs - .surot he SsJr,,.
Uss sus.suoe ~ y my S"Ino. ~ ueuue