Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-08-10
rHE:GNNUAL INCOME TG1
ANNUAL O TAx.

ANNUAL INCOME TAX. ~
Having been requested to prepare an abstract
Of What is required by law In reference to me IN
come Tax, and Of the decisions by me Depal..
mcpt at Washington upon various quesuons lnas
have arisen. we present the whole SUBJECT unu'i
its several distinct heads:I an
STATEMENT sHoULD BIZ aADE--wHERE' wHEN
AND By WHOM.
L The law requires every person OF age,
resIdine In the United States, to render 70 tno
Assistant Assessor Of the sub-distr.ct In whicn NJ
or she may DO residing on the LIST day OF hay,s
written statement according TO u prescrlUeu
form, of the amount of his or her income, gains
Ind profits during the previous year, rom jan
uary LIST to December 3lst, both days inclusive
A printed blank containing this form can DO OBJ
talned from the Assistant Assessor. A person
having no fixed residence, should make q STATE.
ment wherever he or she may happen 70 %; ana,
In case of removal to another district, should take
a certified copy of such statement. TO show any
other Assistant Assessor, who otherwise might
make a second assessment n Z
9. The statement must DO rendered ON or be-
fore the LIST day Of May, or within ten days after
n written or printed notice requiring II, has been
left at the place Of residenee or OF business, or de-
| posted In the pearest Post Office.
z The annual income tax IL q personal tax,
and 1t cannot BIO assessed against any corporation,
company, or partnership, Us such. Every indi.
vldual member must make a statement Of his or
her 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 his or her income from all other
sources.
& II any person neglects or refuses TO render a
written statement, the Assistant Assessor Nv re-
quested to all out q blank with such persons
name, and taxable income estimated according TO
HE best information that can be obtained, ana
upon this estimated income TO assess the tax, and
then TO add 25 per cent, 10 such tax rs Il penalty
for neglect or refusal.
G. An Assistant Assessor may be misled In
making this estimate. by being mislnformed az to
money received, or not informed az TO money
paid. He must assess, however. according to the
best information within his reach. The only per.
SON capable Of giving absolutely correct lnforma'
ton IL frequently the one who refuses or neglects
to make a statement. II such person will not
take the trouble TO inform the Assistant Assessor,
there Is a bar TO all complaint, should the assess.
ment provo incorrect, and q heavier tax be levied
than would otherwise be charged. Moreover,
| after an assessment has once been made, II erro
neous, II " always troublesome to the party In.
,erested to have Il corrected. All persons, there.
fore, but especially such as hare no td1dbe income,
| should not fail to render the required statement,
upon the proper blank, 10 M to avoid undue tax
alton and trouble.
Z. Every statement must be verified by oath or
Affirmation. When this is not done. the Assistant
Assessor Is required to estimate the income and
to add 25 per cent. to to the tax
EVILS OF AAhiNo iALSh 1900.
the amount In any statement, after giving due
information to the party Interested. He Is re-
quired, also, 10 add iVo per cent 10 inc TAX wneh
u false statement mas oeeh renaereu, hnu u
party MAKING me IIse slAtsineh' oeeomes Iaoie,
NOT only Iof tnis nuI.oha. 'ati ~ S,a, "
Two distinct PIosecutons Selors a unr',u 1r TI"i ;n'
CourtS-0ne y maN'Hs nIn .a'eng" ~
tent 70 deir"uu 'ne "o'efn"en'' anu '"e '"'
tor perjury. xco,r
MANNER of MAhiNu VI ~ lhhLNi 80
ny tnS iieln seG,Som = u law, .mo ~ nre.
sioner OF lhierhai heNenue " emP1metru " -.
scribe the Jorm anu IannT 10 Wh'cn Ihe s'n,e.
ment OF income must Do ma1e Up. lnls nc .as
done III a printed oaann uSs n - r,,sn"S rh r.
sansoIi ~ u" ~ rs, has ~, NJ.
.o.b"t.
. Ta.b ., n. o-,O, c,,..., ,n,o which IN. pur
.,n. 20 IiS. snd IN. i,vs.,men,s of cnnital huy,
ha.n SIy,dsd mn.t no returned s,narat,lv- losse,
49, ~, ha,nn oIlowa nj 20 offsLt gaIns in another
In one moi oe,ns aIomea 70 onSet j. Alns ~ !. H.
hnus nn, h",oucIns 20 hi IsaI,imas. bp.I
sPeeuia,Io.' y aotn.i d, ,ha ona hw Iossas 4,
ness ann o"''' s"n' '' =" v ~ "
tne 01ner. h,... :,
Lne enPensrs ,nenIr.. " ." Uu ~
deauc.lolF Ioin ~ iesvIpasI .nn -, 80,
), Specula,ons hSnm@e.y peionshs 70 NY
ouSIneee' "Hu Itn ...nsn.
proht ana loss account. tnus q Hnay Spso
ulate III s'oeks' u ~! S'ous msiSn an ~ /, :
hardware man III IRON, W., wv '4e~ P esui"
may anee' .ho Srtn u . " y. sa.a MS
business a meIChnh' ans MAJ vi : "
exchange or ,ne h'nuoi "Dhey pau VI ~ no.
chandise' ana lnis gam OF Loss oeionSs y y nv.
chandise account. put II ne ouyH soia, uncullen.
mon"y; United ssates treasny no.es, S Ss nus
other thing not one OF me articles OF trade oeIong
ing 10 ms regular ousiness' . 'no PURPOSE .
speculation, tne prom y ioI, sue .Peeuia
tion WIN De Mloweu Aneet u pLon. VI aos,
from ms 20 ~C n, ,Sa harS: 80 = N"x Ynr. hro
~ n,,rrr,Tr, him m nss /, in tbs nurcbase und
ker' hs'rus,nS .hn . : ~ 'me hSaIn. Hn t
sase ~ so'u, ~ IN .nn.rra ,hsr .in,msd ,ho, h
Ss1,yVv ~ I'M Hu.' ~! a. ~ hna;n..
should 90 oeauT'eu mo di.a iii I'm. ~. o,oiu, an
Comimlssloner Ee"rS nng 49,, ~. "n -.
sau ,no ngg," VII n,ar hnsina.. oroIns,
loss ~ mane III guy PhhNo.I"i us' nsanhs
which ,neIe " " w., 1919 d. !. Isl;
erru aeaa D' opnaS .sn;,ai 1880, - a.
ness. Asnn, ~ SSpn"4 - 80
aueIeu = .ueonn nun" "s'"' ""'
Dc made on u oxaan.. n
.. How Jar aIneIen. .h os u w ,he s mas' oS
r,Inn. " Cammis.ionsr RoiIin,
(a)-"Loss incurred In the prosecution of on,