Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-07-17
ABsrRAer, Q ,gHE ANNUAL! INCOME TAl
ANNUAL o TAX.

.QfjWdot Ia feQnf0Q py p9ynn !fdfHT
NJ ~ so,on mon var,ous Questions that
%. In ~ - 49, ths whole subject, under
he award distinct hoads;
s,r.,,.-r T.uonr, n AZ MInE-.wHHRR WHEN,
sTATkhENT shoosD n yvuoM
sverv n,rsou of ful age,
.Ia,n IN ,he Gnitcd States. to render to tho
xs.S.,ant A sss..or Of the sub-dlstr,ct In which he
or ~ 5nhy7be residing OF, tho 1It2day ofMayia
written statement, according 70, . prescribed
form. oftthe amount Of his or her income, gains
and profits during the previsun yaar, rom jan
uary III TO December 3lst, DO b days inclusive.
A printed blank containing this form can be ob'
famed from tho Assistant Assessor. A person
having NO dxedl residenee, should mako a state
mont wherever he or she may happen 70 Do; anu
in case Of removal to another district, snSuia tahs
a certified COPY of such statementstoi show any
other Assistant Assessor, who otherwise might
mako a second assessment
8. The statement must .be rendered on or be.
iffA Tia LAT, day Of May, or within ten dayb alter
written Or printed notice requiring 1t, has been
len, Of the place Of restdenee OF Of business OF ae'
poslted In the pearest Post once.
3. The annual income tax ba personal tax
and Il cannot be assessed against any corporanon'
company, or pRrtnersnfp' as suen. Every ihui.
yidual member must make q statement Of bis or
her share Of or interest in the gains and profits OF
such company. etc, whether srcn- gans And
profits. ara divided. or NOT, n must also STATE
senarately his or her income from all other
soprces 1tt- .. rl-m.af
EVILS OF NEGLECT TO MAKE. OUT OR VERIFY
.Et1-l'4l ~sTATEAEsTS
s. II any person negiects or refuses 70 Icnaera
written statement, the AsSlStant Asses'oi
name, and taxable income estimated according to
m, hest Information that can DO obtained, aud
upon this estimated income to assess the tax, and
then to add 9Sper cent, TO such tax as u pehai'y
for neglect or refusal.
9. An Assistant Assessor may DO ms.ea IN
making this estimate, by being mlsinformed as 10
money received, or not Informed as 10 money
paid, HI must assess, however. according to the
best information within his reach. The only per
son capable OF giving absolutely correct informa.
tlon Is frequently the one VINO refuses OF hsg'eets
TO mako a statement. II sncn person wlI no'
take thetrouble to inform the AssItsnt ASSESSOR
there Is a bar to all complaint, snouu tpe Issyss
ment prove incorrect, and o heavier TAX oe ieVleo
than would otherWh iooEcnngea- ,niyteoset'
! after an assessment has once been made Zero
neous, It is always troublesome to the party In
terested to have i oorrseted. AN persons: there
fore, but especially such a. hdre no tdzabk income,
| should not faIl to render tho required statement,
| upon the proper blank, so as to avoid undue tax
alton and trouble a.,8r.
7. Every statement must be verified by oath or
aGrnafioR, When this Is not done, the Assistant
Assessor is required TO estimate the income ana
to add IS per cent to to the tax
EVILS OF MAKING A FALSE STATEMENT.
9. An Assistant ASSESSOR has power to iHerease
the amount In any statement, after giving Que
information 70 the party Interested; ne Is re.
qulred, also, to add lOo per cent 10 the TAX wnsn
q false statement has been rendered an T1oh the
party MAKING tno nise sta'emen' iiLs.Is.,
not only for this additional tax, but likewise 70
two distinct prosecutions before the onIea StateS
Courts-one for making alalse sta'emsn. =" n,hnr
teptito aeraud' tine ao'erhneh'' wv
for perjury.
MANNER OF MAKING ur Ten NS
By the llsth section OF Tue law, the Somn nn
sioner Of Internal Revenue Is emPGwerrn 70 pre-
scribe me JorW anu manne W. Thia \. be.
ment OF income must De mace up.- us - E"
done IN q printed oIsns assn y = rnIInSs rb.
sonsoI, anu 'M.SSa 80, has hen nrs.
so,,Ssd "A--"t - -" "T-T
IEa. ,,. or.., class. into which tho pur
81 M. ana ,hr Inysstment, Of capital have
suui,ns SJ,Id.d maj he rctnTned ,sparativ- losses
neon y. ISInr oiis Al IN nm hin, IN another
Ts = U'oechan, nsbo snSavrs IN farming or in
rnn. tions no. bs,oneins 10 his Legitimate bust.
ness cannot Offset gains in tho one by losses in
the cher ES .n... ,n,,d,D, to .aeb business re
Sns,ihis rom m, rreeInts of that business.
~ Snscuiations Leitimat,lv belonging 10 any
na.s ana these alone. NAV be carried into it,
Oros, ond'Ios. Account. Thu: a broker may spec.
~. ~ .,ocls 4 drv goods merchant In cotton, a
S 1870 nan IN Iron. etc.. and tuch speculation
e., AVA o,I, and Lo,, Of suth legitimate
may anss' :" sch"nt also NAV make ar lose by
ouslness: ~ Si,A 81 monev mid Tor his mrf
eScnsnseo IA tSis ss,n or Ioss bslonp o. 10 biz mer.
chandI'e account: But Il be buys gold, unG ~ aIS
money; un, ne, ona ~ ,bs article: Of ,rade belong.
Ing TO bis regular ouslhess, tor. 'ne Purpose ~
.PecalSnon, Inc PIoa. 81 a., ths nros, or Ios,
uon ~ o.S,,ar hns,nsss A bp.Inrs. Arm
roma;nu r eo az ,So hnnds of.s N"S Work bro.