Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-03-25
ABSTRACT or THE ANNUAL INCOME IA,
ANNUAL o TAX.

have arisen, we present the whole subject, under
Its several distinct heads
r.rxxrSr suor, - ny N,nr-wurpr wuys.
sSn nv WHOM
o,,.wnI NO.
nv u ~.
tesuins IN Tue oni'eI otases.u .nu. ~
Nsss'ant assessoI .%S,, So Mo- a
OF sne may ~ trNu"s gu ~ - |"
written statement ase"Iuhnk = -.
form, of the amount OF his or her income, gains
and pronis during me previous year, from jan
uary Isl 10 Dreemotr otsI, NJ /" nay, ~ az
printeu oianN sontanlns uIs WI" I"
tanned from tne as,istsht assessot. peis
naSths 70 haru snSune =, "a
mem NJ sne L~s 49, hor,, ,ak.
IN case oi removal ~ Nno'ne. W Sn.as.
a eertined copy o. suon s'atsnent " nv" u
otner assistant assessor """ "'s"'
MAKE SECOND assessmenI
= Inc statement must De Ienuereu "n -
tore tne ISL day OF May OF "i'nin Gu asys Nv
written or printed no'ce requiring ~ uasoe
left at the place otresidence or OF ousiness' OF ue'
posited In the rearest Post Once.
SThe annual income tax Is a personal .aN'
and cannot be assessed aganstn any eorpor"ion
company or partnership rs such Every .nur
vidual member mpst make a statement OF his or
her share OF or interestin the gains and pronts OF
such company, etc, whether suen Jams anu
pronts are divided or not, ana must also stare
scpssae'S ns OF ner income "o" :" ~
ryIIs or Syarrcr To NAVY ONT OR VERIFY
s-rArrsSSrs
& II any person neslscts or refuses TO render q
vri,tsn .fatemsnt H. ASSISTANT Assessor ia re.
o,..,s5 30 am o,, , hi.nt 18th sucb nerson's
name ana ,a,.hla, ,cor. ss,,r,a,sd nccordinv "a
On. h., ins,rra,,or ,hs, can he obtsIned- and
rnon ,hIs .s,Iw.,.d In.or. 90 a..,ss tha tax and
,ssn 10 aaS o. nsr cen, 20 .ncb tax ma a penalty
for ns,lsrt or rs,rsal
6. An Assistant Assessor may be misled In
i M kf. skt. ...fnna,. hy hatnr t,isspfnrrn.i Ma 70
money received, or not informed as 70 money
pMd. ne must asses, however; ae%Tnns
oestintotnaa'Ion wl'ntn ~ .ss". = ~
son eaPaoIc OF SNuns "osoII'et. sv,iVss
ZION stteQuentIS tneone -
10 make u stS'ehiehE suVn prs"
take tne ISuo.et y 49, ~ $3.50 ~ $50
there Is q oar " NJ .Loua ;" 49,
ment prove incorree,, ana u heavier IA oele.aeu
than would otncr".se oe suMse. ~ go
after an assessinen' ~. ~
neSus, u Is Away All ,SS.r..
teresieu nav nr,6I a.,
tore' ou' e'peS'a''ys "'.ni.s1 s,a,",na.,
shouiu not Lai' 20 y !. Sxo,d rrd,s ,a,'
upon tue propsr MIN
alton andtronois.
:. livery statstneut nus - I -
ssr"df'oh. "nch mus NO. uVuv, u ss
Assessor Is tequreu ~" IA"
10 add % per cent
EVILS OF MAKING A FALSE STATEMENT.
v An Agaistnnt Assessor has power 10 lHcTf01C
,hS amonnt In any abatement, after giving due
nf,r,nation 10 the party interested. He is re-
hid ,Jso % add 100 per cent. 10 the tar when
q faisr statement has been rendered ; and the
marty making the false statement becomes liable,
pot only for this additional tax, but likewise to
two distinct prosecutions before the United States
conrts-on.6 for making A false statement with In.
IAN, 20 ,hfrnnd the Government. and the other
Co. ns-;,rv
hANNhN VI ANNiS'''
BY the llsth section OF the law, the Commis-
sioner Of Internal Revenue Is empowered 20 pre-
scribe the form and manner in which the state.
meni OF income must be made up. This he has
done in a printed blank used by the Assistant As.
SCISSOR. and In vanoss circulars and rulings The
following IA a summary of what has been pre-
scribed:
!. Each of the great classes into which the pur'
suits Of life and the Investments Of capital have
been divided must be returned separately losses
in one not being allowed TO Offset gains in another.
Thus a merchant who engages in farming or in
speculations not belonging TO his legitimate bust.
ness cannot Offset gains in tho one by losses in
the other.
> The expenses incident to each business re
deduetible from the receipts Of that business.
J. Speculations legfttnd'tiy belonging to any
business, and these alone. may be carried into Its
profit and loss account. Thus q broker may spec.
ulste in stocks, a dry goods merchant In cotton, a
hardware man IN iron. etc. and sIeA speculation
may affect the gain and Ioss OF sueh legiumato
business. A merchant also may make or lose by
exchange or the kind of money pad for his mer'
ehandise, and this gain or loss belongs TO MS mer'
ehandise account. But II he buvs gold, uncurrent
money, United states Treasury notes, or any
other thing not one 1.-THE articles OF trade belong.
Ing 10 his regular business, for the purpose OF
speculation, the profit or loss from such specula.
ton will not be allowed TO affect the profit or loss
from bis regular business. A business nrm