Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-02-14
.srsACr or-rHS ANNUAL INCOME TAX
ANNUAL INCOME TAX.

49,
Having been requested 10 prepare IN abstract
Of What IN required pyfaw In refsrenes 20 the IN
come Tax. and OF me decisions BY The Depart,
ment NJ Washington upon various questions that
have arisen, we present the whole subject, under
ia several dIstinc heads;
..,-rxxv- svor,n ~ ,n - 500.
~ y. .an. "nAN'
"aV",a ..-rr.
l. Thelaw requires every person oflawfal age,
residing IN the United States TO render to the
assessor OF the suo-disu-et In which ne
OF sns may % resuins on tne ist any OF may,
written statenenl according TO = prescribed
torm, OF the amount OF bis or her income, gains
Anu P,onu o1rmS tne previous year, nom jan
lazy Ass " Oeeemoer Sist, oo'h DAYS inclusrye.
A printed oiank containing this form can be OBJ
famed from tue Assistant Assessor. A person
having no nxed resAdence, should make Q state.
ment wherever ne or sne may happen to be; and,
In case OF rcmovAt 70 another district should take
n certified copy OF such statement TO sAow any
other Assistant Assessor, who otherwise might
make q second assessment !
= The statement. must be rendered on or be-
fore tho IL, day Of May, or within ten days AFTER
q written or printed notice requiring Il. has been
len AZ the place ofresidence or OF business, or de-
posted In The pearest Post Office.
4 The animal incom, tax /, a personal tax,
and A cannot he a..,s..d AGAINST any CORPORATION,
n.Ttnar.hip AZ sueh Every indi.
vIdusl wsnh.r nn.t maks a .tatement OF his or
her mar Of or intrres, in the sains and profits Of
.r.h .nrnsn, s,s vha,h.r .ush gain. and
nrce,. - dIy,aes or moi and mus, also state
separately his or her income from all other
sources.
EVILS OF NEGLECT 10 MANI OUT ON 'EAifi
sositany petson sa.se.as ~ -
written statement, INC assstant
ques'ed 70 ~ = = : ~. W. PStno
nains ana takaoie sns'me essaa y nuIs a
me 0NhA lQLOIuALlOu. NlIt ~ " oON4uC1s Aud
upon tnis sssmasea lneoue assess q ta., anu
tnen 70 aaa ePsr osu'' 70 sa'aA'HAASs PenA's
'"s neS.e1s uL,., In
nssin. ,hSs ..,Ima,s hy h.inc mi.,nformsa "a 10
money received, or not informed Is to money
paid He must Assess. however, according TO the
.bss, information within his reach. The only per-
son eApahie Of giving absolutely correct informa.
tion IA frequently the one who refuses or neglects
20 make a statement. II such person will not
take the trouble 10 inform the Assistant Assessor.
there Is q bar 10 all complaint, should the assess.
ment prove incorrect. and a heavier tax be levied
than would otherwise be charged. Moreover,
after an assessment has once been made II erro
peSus, Il IL always troublesome 10 the party In
teros,ed 10 have Il corrected. All persons. there
fore, hat especially skeA az Adps no tarabk fzeor<.
should not fail to render the required statement,
upon the proper blank, so rs TO avoid undue tax
ation ana troabief ~
I. Every statement must be verified by oath or
akrua,iea. When this is not done. the Assistant
Assessor Is required 10 estimate the income and
TO add IS per cent to TO the tax
ryIIx OF MAKING FAIsr STATEMENT.
..
49,, ~ 80 S,a,s,sS, a., lying Am.
$500 ;n,a..s,.J H. Z. W..
qunsa, also, 70 aaI NV per cent ~ ~.
= tAse staIemen' a oeen fenustee , - 1.s T.
parry makinG the tlse s'aisment oeco,nes IIoe
NOT only for THIS additional taxi on, 1890
two distinct prosecutions before the United Siaies
Courts-one for making afaise statement WIZ IN.
teut to defraud, the Government, and the other
for perjury.
MANNER OF MAKING UP STATEMENT OF INCOME.
p-,A. ,rs,h ...,ion of IN. law the Commits
,,ons- ~ intsrnaI Revanne IL empowers 10 pre-.
.srh. m. @ and ,ann.y IN which the state
,,snt az ineon, mu,t D. made up, This he has
snn" u = n,;n,sd hi.nL ussJ nv he Assistant A..
sSs.or snSi in ysnos. circular: and rulings Ills
ssi,S-in. 4. . s,rmary az what Mas hssn pre.
..rhss. 80 = -
= ~ ~ ,hs cr.., ela.se. into which IN. pur.
~ S".tI"a -, - rs,rrrs5 .,,,r.,ei.- ,o.s..
oeen e., - t. ,,o,h.,
monc not beng AIoweo 20 onses y AnoanI,.
EnesA meIen Susass m. -,
speeannna,a e., 80. n IN. ons nv Ios.es In
a. o,h.r
. Ths .xp.n.e. incident 10 each business are
s.S,.,;h,s a. IN. r.e.Int. Of that bu.iness \
j Specuiations NSr'tadiesy oeIonsing 70 any
business, and these alone, may be carried into It's
profit and loss account. Thus a broker may spec
ulate In stocks, a dry goods merchant in cotton, q
hardv are man In iron, etc., and sEeh speculation
may anec, the gain and loss Of sreA legitimate
burmese. A merchant also may make or lose by
exchange or the kind Of money paid for his mer-
ehsndise. aud this phn or loss bslongz to his mer.
chandise account Butt be buys gold. uncurrent
money, United states Treasury notes or any
other thing not one ofthe articles OF trade belong,
ing TO bis regular business, Tor the purpose OF
speculation, the proht or loss from such speeula-
tlon Will not be allowed 20 Affect the profit or loss
from his regular business. A business trn
placed $4,000 in the hands Of New York bro.
ker. Instructing him TO use Il In the purchase and
snls OF -old, on their Account; and having lost
ar 800 in this venture, they claimed that Il
shouId be deducted from their profits in bu siassa.
Commissiou.r Lewis. dsafowed the claim. and
aid ths vniform ruling had be.n that when a
ioss 1. made In sny partIculsr business, against
Sh,.h ,h.r.p are NO eains 10 otf..t. II IL eonsid.
- 49, a., Of eayitei inpss,,d In tkat busi.
.s.s" Ayain los. of .apItal cannot be do
-.,.a 80 in.or. .,Retnrn 81 Inrop,, must
SunSaa On he aain.s
- "a, dISsran, Kind. n. M s,ns., INNS, be
,,,n,nss .snsTa,sly il shovn Sy ths following
raiinss Of Commissioner Rollins:
elIrLoss mearrsa, u !. .S 1890 srom Sa,n IN