Salt Lake Herald-Republican | 1915-06-17 | Page 1 | Income Tax Receipts May Reach $83,000,000

INCOME TAX MAY MA REACH Excess Over Estimate Expected to Wipe Out Large Part of Treasury Deficit Washington June 16 First First estimates call esti mates of oC returns from Crom the tho personal and corporation Income tax have hare been revised d upward h by treasury department depart depart- meat ment officials who now anticipate more than 8 durIn during the thc present present present pres pres- ent calendar year from tram this source Intimates Estimates made In May ola promised a return of or It was said to tonight tonight to- to nl night ht however er that lint it was quite probable probable able I that when the books book were finally closed It would be found that the ac actual ac- ac Vital receipts arc are nearer aC 1 which would put the thc returns above e the Ito amount figured upon nearly nine tuna months a ago o when time the treasur treasury's treasur's s 's annual estimates of oC Income for Cor the year car were tere made Under the law payments payments pay pay- ments of or the Income tax ma may be made as at late as Jut Jul July 10 10 but from tram the way In iii which the tax is ls pouring In officials are aro confident that a lar large c proportion o of 1 the total will be In the vaults before tho the close of oC the present fiscal year ear I June 30 It Is now no apparent officials said to today today to- to dB day that there will be he sufficient mon money from this source to wipe out a large part of the deficit which appeared early In the lie y year ear ar and which steadily In Increased Increased In- In creased until a short time ago This fact tact Is counted upon to silence for the present talk of at an b Issue of oC Panama enna canal bonds bond to replenish the treasury's treasur's working balance