Show County Residents Will Pay I in Income Tax NEW YORK Feb 24 With the approach of Tax Day on 1 April the question arises locally What will residents of Grand county have to fork up inthe Inthe in inthe the way of individual Income taxes this year year The bite bHe according to Government Govern ment expectations will be greater great er than It was last year when an estimated in personal taxes was turned In That figure though unofficial is based on a breakdown that took into account the Federal data on receipts from the State of Utah together with earnings and Income Classifications In Grand county Local residents provide per cent of the amount collected from Individuals throughout the state The increase expected this year is not due to any hike in tax rates It results from bigger earn ings on the average in 1957 1951 than in 1956 Nationally the e yield last year from Individual taxes was the biggest In history around 43 billion Even more Is contemplated ed In the Eisenhower budget for fiscal 1959 It estimates that personal tax taxI I r returns turns will wilt be about 35 per percent percent percent cent greater than at present This would require requite that Incomes be higher this year than last In Grand county to keep pace net earnings would have to reach teach in 1958 The odds are according to the experts that it wont won't ize ize Business doldrums they point port out are not conducive tl to large larg tax returns Instead there is more and more agitation from the grass roots for a tax cut for next year BusIness Business Bus Buse iness mess firms and private citizens alike are letting Washington know their views What they are saying is that we need a monetary weapon in in inthe inthe the form of a tax reduction to break the back of the slump and start an upturn Until recently both the Administration Administration Administration Ad Ad- ministration and Congress have been cool to such proposals Sen Sens Sentiment Sentiment in this election year is gradually turning however The controlling question at present appears to be its Inflationary effect effect effect ef ef- ef- ef of which many are fearful |