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Show $79,534,000 In Federal Taxes SPECIAL TO THE CLIPPER How much will Davis County residents be turning over lo Uncle Sam next month in the form of income taxes? WITH the deadline for filing, April 15, just around the corner, local taxpayers are getting a painful inkling, as they prepare their reports, of just how much their payments will amount to. According to the government's govern-ment's predictions, they wili be more than last year, when approximately $74,400,000 was collected from area residents in personal income and employment taxes. THAT IS the estimated amount they contributed then, as determined by an unofficial breakdown of the returns received from the State of Utah as a whole, which came to $800,000,000. The local share, it is calculated, cal-culated, represented some i.3 percent of this total. THOSE who were fully employed throughout 1975 and were, in most instances, earning more than they had the year before, will probably have bigger tax bills next month than they had previously. Little or nothing is expected from those who worked only part of the year or not at all. PLEASE TURN TO PAGE 2 $79,534,000 In Federal Taxes CONTINUED FROM FRONT Nationally, according to the Administration's budget, submitted to Congress tn January, it is anticipated that individual income and employment taxes will be about $14.1 billion more than they were last April, an increase of 6 9 percent. IT COUNTS on a total of around $217.0 billion from such taxes, as compared with last year's $202.9 billion. Residents of the local area will be bearing their proportionate propor-tionate share of the increase. It will bring their payments next month close to $79.5.-M.(0, it is estimated. THE President's budget for the following fiscal year, which will end September 30, 1977, instead of June 30. 1977. projects income and expenditures expendi-tures covering a 15-monih period, rather than the usual 12 months. Kor Davis County residents to be able to carry their current portion of the tax load and maintain their present standard of living, their income in-come this year will have to be considerably higher than in 1975. assuming the tax rate remains the same. The trouble with being a leader today is that you can't be sure people are following or chasing you. -Oosport. |