Salt Lake Telegram | 1933-06-12 | Page 1 | Beer Revenue Makes up Decrease in Income Tax

Beer Revenue Makes Up Decrease in Income Tax Br fly United Pre WASHINGTON June 12 Mn 12 Mil lions of dollars of ot new revenue daily flow into the United States treasury as a n result of ot the r recent rent re- re cent nt Pick up in business activity and the le legalization of beer The increased receipts more than offset the decline in income tax collections In the current fiscal fiscal fis fis- fis cal year from July 1 1932 to June 8 8 1933 1033 the government collected n i in miscellaneous in in- in revenue which Includes beer stock transfer excise and taxes against 1 m In the corresponding period of the previous fiscal year Income tax collections however however however how how- ever declined to from Total tax ax x receipts up to June 8 were against in the corresponding corresponding corresponding cor cor- cor- cor responding period of the previous fiscal year ear Income from beer and wine ivine was estimated today by sources as in excess of ot April which showed tob total collections collections col col- col- col of Hot weather er in many sections sections' was expected to swell even further the income month Stock transfer taxes another source of revenue increased steadily with the high rate of trad ing tog in stocks More than shares were sold on the New NewYork NewYork NewYork York stock exchange alone in May more than double the April rate when the government collected collected collected col col- col- col in iIi s stock ock transfer transfer trans trans- fer taxes