Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-03-16
STRACT OF rHB ANNUAL INCOME TAX
ANNUAL INCOMR TAX.

- sAA hNaiha
SHOULD Rr MApE-.wHERE wHEN.
AND ny WHOM.
/ Thu law r,ouirr. sy.ry p,r,op Of a ful age.
.sidinv In ,he Tnit.J state. 10 render 10 the
As,istsnt Assessor Of IN. ,ub.di.tr ct In which he
or abe nav De residing on the LIST day of May. a
sta,emrut. according to q prescribed
form. of N, amount Of his or her income. gains
Snd nrost, dnr,nv m. preyious wear, from Jan.
nsryi st "a Dscsmhsr a., DO n days Inclusive.
a.s h,snk .on,atri,s This form can be OBJ
49, 80 - s.-IN,an, ....or nerson
"a ,.sIy.,c, .hopld make n state.
lawns ~ "r"hs nsv hammer 10 he. and.
men' "ueleseI usoI t's,rto, shop,s tats
IN ease " ..rn.n, 20 re- ary
= seruned copy 0, SUN n,hsr~;ss w;rSt
otner Assis'an' Assessw, u"
maSe seeonu z.,a.r.d an mr. h.-
hne s.A,eihen' .,,hir I'm savs sf,sr
tore 'ne t' uay 49,, s.tr,ns I, h.s h..r
swrltten OF p'thtea uo'se ~ :.
lei al the place OF residence %
positTH IN .ne psaies'r \. .,soI IN,
Sihe annual ineome a.
anaiteAnnot DC assesss1 ssans.S' 80 III
o,np1ny'o pAf'ne'suip, % :; nj. =,
vidual member must MAKE u staseuen. sso.
her share OF or interest In the gains ana pronts OF
such company, ETC., whether suen gains Ano
PROFITS are divided or NOT ana must also stare
separately bis or ner ineo"e ''om q" o"er
70 ,.xr opr ON yrR,ry
rrxrSTS
ts,, .r.on nssIsc,s or rsfn.e. ,o r,nder n
.snsn, ,hs ks.,,,ant A..es.or 4, re.
nrastsd 20 an an, a bisnk with sucb persons
-. s,S,s.ah,. ;r.on,. s.,,m a,.6 according 10
.hs h,.t INFLAMMATION mai can be obtained, and
|. nj. ..,IS",.S -. % .x.... m. ,a1 and
upVu su on = - g. "a n.nsI,v
suen v .
a. as.is,.n, Assessor NAV h. m,.l,d In
making thIs estimate, by being misinformed ~ TO
money received, or not Informed ~ TO money
paid. He must assess, however. according 10 the
best Information within bis reach. The only per-
son capable OF giving Absolutely correct intotma'
tion Is frequently the one VINO refuses or nrEtects
to make q statement. IL suen person "ll nor
take the trouble 10 inform INC Asslstan. assessor
there Is q oar 10 All eotnP.nn'' suooiu .ue sssssr
ment prove incorrect. and a heavier 'a1 oe levied
than would otherwise De charged. borrower
after an assessment mas onee'oeen made, u GIRO
neSus, Il IL always troublesome 10 the party In
teresied 20 have u corrected. All persons tnere-
fore, but &speefaliy 'EeA a. Adre no ta1aoN tneo~s'
should not TAIL TO render the required statement,
upon the proper oIank' 50 a. 10 aNoid unoue tax
alton and trcuoie.
:. Every statement must De rerined oy GAIA or
esradnon. When this IL not done. the Assistant
Assessor Is required 10 estmAte the income ana
to add p per cent TO to the tax
EVILS OF MAKING A FALSE STATEMENT.
O Az .J.,.,, ,s....or ha. mower 10 ine,,a,,
,h. .ranr, in sny statement. after giving due
in orma,Ion TO the party Interested. II. is re.
ouIr,d Also. to add 100 per cent. to the tax when
y false statement, has been rendered and the
n.r,r Mailing IRE falss ,tat.ment becomes liable.
orIy for All. additional tar bnt likewise 10
I've Si.;;nc, pro,.eutio before Inc limited State,
corr,s-or. for making n false statement with In.
-, 90 dsfrans ,bs Goy.rnm.nt. and IN. Other
for n.rinry
uco~v
" hANiS' i''oAN
IN the llStn section OF tue law, the COmulA%
soner OF iniefnal revenue Us power 70 Pie'
serioe tne JOIN ana mnHhe1 IN wn'ea Ine s's'e-
ment OF income must De MADE up. inns ne mas
done IN a printed oiank USED oy tine Assistant As
SCISSOR. ana IN Na'ioss circulars anu luunsH ihe
following IL summary OF "oa' M" oeen pre-
l. Each OF the great classes into which the pur-
suits OF life and the investments OF capital nave
been divided must DO returned sspdrofeiy- losses
In one not being allowed 10 ouset gains IN anotnet.
Thus a merchant who engages in farming or IN
speeulatons not belonging 70 MS lesitima'e ous'
esseSun'' ou'e' s""' 'e NV "'' ="
'ue -
Inc expens,s ineiuen' esea
dedusno.e TON 'ne .eSs.p.sI, suH - v
D. SPceuIa'yus "s".y Sec.ens ~
business anu 'nese aions, nay
p,ont U ! aeeHanS - -
S.sls W. "a ~. 80 .a.k .nsc,,s,ion
80 o.. - fsss,;r,s,s
Ns! ona,, aIso may m.L. o. os. nv
business 80 10y Ia %. NJ 49, :.
essnSls "a ,n;s ss,r AZ To- hslans. n hi mar.
D.. ....r-.n,
SH = ,ra;.eS 500 rrsssr,y not.s or sny
n.y. ,,ns No, ons Of ths %articis: Of ,rade bslons.
49, ~ r-ssriar hn.ins.. for On. nnrpo.s of
.pesa a;I oa, -. =. aTo.sS 20 stsc, N. nrost or Io.,
aon ~. 49, hrs,nsss hn.ins.s Arm
~ 80 osc H. a. 80. ~, ~ WI hro.
piAeee ero.HV .s.S
ker' Nns'Iue,us LNH~Si-
.A!e % go'u, suon ~ :.
suouiu !, -
Commissioner LeWn olsSi1orcu 'ne sinin, wy
said the snyor" ruhns nad oeen InAI men .
loss Is ma1e ~ Any Pe,eeuI~ ousIess, uS ls
"hien ,ne,T w no ss.n, 70 ouss',n a
eteo 9 @'s ssP'ss :" 80 =.
Se1a AsAh' IN s"pMs' nno w w
eue'eu .... "
DC maae % -, L,,d. =, hrs,,... NINA, h.
80" a..n,a,r :. .ho-n =. ,hs s,iio-,ns
roiHueu p.,t,..o :"
'unns'S ". in.nrrsd IN m. n,o..cu,,on If on.
-"..Ss.a.a, \. Jst,s,.s fro,, - II
Sr.;rs.s Of an s,,fr,iy afg1rnteIoratry nor from
salary, rents, dividends, etc"
(6)-'Losses Incurred In the prosecution Of one
branch Of business cannot be deducted from gain
in another, since an absolute loss incurred In the
prosecution Of o single business II indispensably
= loss of capital"
.(e)-"Losses in merchandise can be deducted
only from gains in merchandise; but. In this case,
particular branches Of merchandise need not be
separated. 50 in speculation, the loss or gain
from stocks may Offset loss or gain from produce
.p.culated in"
(d-"Merchants must make return Of their
profits from merchandise without regard to their
losses in speculation, or gains from interest, divi.
bends, rents. or any other source"
o." Losses In speculation cannot be deducted
from salaries, nor from gains In merchandise.
When losses are sustained In one speculation and
gains made in another speculation. such losses
may b. deducted from such gains Losses in one
branch of merchandise may be deducted from
gains in any other branch Of merchandise"
Where stocks, etc. are bought A. Q per.
manent Investment, and sold again merely TO
change the investment. \ loss sustained In the
sale may be deducted from the dividends from
saeh stock. But where the purchase Is made for
the purpose Of selling again on speculation, the
loss sustained by .he sale cannot be deducted
from dividends. but may be deducted from gains
derived from the purchase and sole Of stock, etc.
In the same year
within the year Tor WINCH lnCOme " thtiUhtcusO VI