Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-04-09
ABSTRACT OF THE ANNUAL INCOME TAX
ANNUAL INCOMR ray.

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Having been requested 10 nrepare an abstract
Of what Is required BY law In roierenee TO the In
come Tax, and Of the decisions by the Depart.
mens AZ ashington upon variouA quesuohs that
nave arisen, we present the wnoie SUBJECT unaer
It's scVerai distnct neadA:-
STATEMENT SHOULD By MADE-wRERr. WHEN.
cNfgGnNEASD BIT WHOM. n, TTlfENpI
1. TholAw requires every person Of Lawful age,
residing In the United States, 10 render 10 nc
Assistant Assessor ofthe sui. dIstr. tt IN which he
or she may be residing on the LIST day Of may, a
written statement, according TO q prescribed
form, of the amount Of his or her income, gains
and profts during the previous year, rom Jan.
uary Isl 70 december oist, ooIn aayslnciuSlye'
A printed oiank containing TINS iorin can oeou-l
tanned rom the Assistant Assessor. person
having no hxed residenee. Anoula make u stats-
men, wherever he OF she may happen to Dc; and.
In case OF removMto anoiner distrlct' snouiu taks
q certified copy Of such statement to show any
other Assistant Assessor, who otherwise misht
make q second assessment.
.. The statement must De rendered on or oe.
fore the LIST DAY OF MAY, OF witnin zen days si.ei
a written or printed notice requiring ~, mas oeen
len ut the place ofresidenceor OF business OF ue'
posted In the pearest Post Office.
J. The annual income tax Is u personal TAX
and II be assessed against any corporation
company, or partnership, as such, livery ind,
vidual member must make a statement OF ms or
0pT HlATt OF OT uItIC III III kuihF ohN A'hhe
,ueh COMPANY, etc, whether such gains and
proats are divided or not, and must also state
srpnra,ely his or her income from all other
sources -. p ..g.4t '."i '
yyIls or SEoLHcT TO MAKE OUT OR vERITY
srArrNrSrs 90 aya
& II any person neRlects or refuses to render n
written statement, the Assistant Assessor Is re.
one.,ed 10 AN ont a blank with such persons
name and taxable income estimated according TO
the best information that can be obtained, and
upon this estimated income to assess the tax, and
then TO add 25 per cent, 70 such tax IA q penalty
for neglect or refusal.
& An Assistant Assessor may DO mlsled In
making mi, estimnie by being misinformed ~ 10
money received. or not informed ~ to money
raid n. must asssss. however, according TO the
bs,t InformatI within his reach. The only per.
son capable Of giving absolutely correct informa.
10 make a statement. II such person will not
take the trouble to inform the Assistant Assessor,
there f. n bar to all complaint, should the assess.
ment prove incorrect, and a heavier tax elevied
than would otherwise be charged. Moreover,
After an assessment has once been MADE, " erro
neJus, II Is always troublesome TO the pArty,in.
terc,ted TO have Il corrected. An persons, there.
fore. but sspseially sueh as Aare no taxable income,
,hould not fail TO render the required statement,
npon the proper blank, 80 ~ to avoid undue tax
alton and trouble =
7 Every statement must be verified by oath or
affirmation, when this IL not done. the Assistant
Assessor Is required TO estimate the income and
10 add IS per cent. TO TO the tax.
ryr. or x.xrya . PALSY ATTAINMENT.
a -
>. An Assistant assessor na Pv"ef ot"e'tass
the amount In any statement, nter giving que
information to the party interested; He ID re-
CURED, Also, TO add ioo per cent 70 tne TAX wnsn
= raise siatemsn' ns oeen renaeled hnu tno
party mak,ns sns . sss,,, s1 ,sn b S,0 IiS.r .so ,n
NOT oniy tol .nis aauI.Iora . o%, w
Courts-one FOR making afalse statement with In
tent to detraud the Government, and the other
for perjury, a
MANNER OF MAKING up ABATEMENT OF INCOME.
nv The ,ls,h .sct,on ~ IN, law the Commits.
S,onn,.r ~ int.rnsI R.van,s - .mnowsr.d 70 nrs.
msn, Of insom. mns, \. mad. n n ~Tbi, n. In,
ions,n /. nrintsd hiank nod nv t6a AssiItant Al.
sSssor a,5 i, ~ano.. c,rc,Iars and rnlInos Tn,
TolIouIne n. . pmmary IN What ha, bsep nre.
s,rih.S.
i ro.h NJ IN. orsat rIa..s. I,,o which the pur.
,uits of life and The investments Of capital have
san" SI,,d.d nanst ". ,s,rrnad ssrarn,,h.- ,os.ss
IN ons not hs;ns allow al 10 offsst rnins in another
Ts y %,schant Nhn snoss.. IN narmjnr az IN
.n.suiations NOT beloneinr 10 hin legitimate busI.
meas cannot offset gains In the one BY losses In
the other. TlI -! EE.u gs rsa'f F..
Q. The expenses incident to each business re
deauetioIe rom .ne teSsiP.s o. snns oa.,ness'
oPeou ~ 80. t.taasLs ~, ~
oussness, anu 'nese s,'ns Ih mSy p~ .oa
PROM n ~ eoSuh- msy :.
uls.sln stoeAs' Wy you sS'toS,a
nard~sIe msn N ion, sse;. ana : : ses,ia",n
may suee' INC Soss ny n . rlaaa h0
ous,ness. SSInInS Icy la - ~
exensnse OF a .inu :, money ps,u !. " ~
cnanaise, anu ,n,s E nm, 90 ~ rsoss ueiSnSs y" nH !,
a"n.m iTnI,sd s,.,ss rr.s.rrv Do,,. ~, anv
money unrae, of,ha ar,1s,s. ~ ,r.d. S.,nnS.
o'aci hhht